FUNDING AND LIQUIDITY MANAGER

Job Overview

• Job Title: Funding and Liquidity Manager

• Company: FirstRand Group / FNB

• Location: Mbabane

• Employment Type: Full-time

• Job Requisition ID: R54298

• Closing Date: 14 October 2026

Job Purpose

To manage and optimise the Bank’s liquidity in accordance with its liquidity management framework and regulatory requirements, ensuring that funding costs remain within a reasonable range. The role involves developing and executing funding and liquidity strategies to achieve an efficient, sustainable and appropriately risk-adjusted funding structure.

Key Responsibilities

• Develop and coordinate implementation of the Bank’s funding strategy in partnership with business segments.

• Manage balance sheet capacity in line with the Bank’s Asset and Liability Management (ALM) risk framework.

• Forecast funding requirements and ensure they are met efficiently.

• Calibrate and mark internal curves for funds transfer pricing and money market funding issuance.

• Ensure compliance with liquidity regulatory metrics, including LCR and NSFR.

• Collaborate with the Intraday Liquidity Management desk to maintain adequate liquidity.

• Develop and maintain liquidity contingency plans and the Funds Transfer Pricing framework.

• Develop sustainable, diversified and flexible funding strategies.

• Manage institutional funders and strengthen relationships.

• Support the development of liability products and savings propositions.

• Forecast and plan actual and contingent funding.

• Improve understanding of deposit dynamics through behavioural modelling.

• Drive market development on funding solutions.

• Design and implement operational processes and controls for daily treasury operations.

• Manage secured and unsecured funding programmes, including repo funding, structured notes and unsecured bond issuance.

• Authorise intraday liquidity activities and provide backup to the Intraday Liquidity function.

• Act as secretariat for the Bank’s Funding EXCO.

• Contribute to stress testing by facilitating the stress testing of the deposit book.

• Manage the performance of direct reports.

• Uphold the organisation’s brand promise and highlight unethical practices.

Qualifications and Experience

Minimum Qualifications

– Bachelor’s degree in Finance, Economics, Accounting, Banking, Mathematics, Actuarial Science, Statistics, Business Management or a related field.

Added Advantage

• Postgraduate qualification in Finance, Treasury Management, Risk Management, Economics, Business Administration (MBA) or a related discipline.

• Professional certifications such as:

  • Chartered Financial Analyst (CFA)

  • Financial Risk Manager (FRM)

  • Association of Corporate Treasurers (ACT)

  • Chartered Accountant (CA(SA), ACCA, CIMA) or equivalent

  • Certified Treasury Professional (CTP)

Experience Required

• Minimum of 5 years’ experience in Treasury, Funding and Liquidity Management, Asset and Liability Management (ALM), Balance Sheet Management or Financial Risk Management within banking or financial services.

• At least 3–5 years’ experience in a management or senior specialist role.

• Proven experience developing and implementing funding and liquidity strategies.

• Experience in balance sheet optimisation and funds transfer pricing methodologies.

• Strong understanding of money markets, funding instruments and wholesale funding programmes.

• Experience in liquidity forecasting, stress testing and contingency funding planning.

• Experience engaging with regulators, auditors and senior executive stakeholders.

Key Competencies

• Funding and Liquidity Management

• Asset and Liability Management (ALM)

• Regulatory and Compliance Management

• Treasury Operations and Capital Markets

• Financial Analysis and Forecasting

• Strategic Thinking

• People Leadership

• Decision-Making and Judgement

• Stakeholder Management

• Communication and Presentation Skills

• Negotiation and Relationship Management

• Risk Awareness and Control

• Innovation and Continuous Improvement

• Results Orientation

• Professional Integrity

How to Apply

Submit your application through the official FNB/FirstRand recruitment portal.

Applications will not be accepted on or after the closing date.

Apply for Funding and Liquidity Manager – FNB

Employment Equity: Appointments will be made in line with FirstRand Group’s Employment Equity Plan. The Bank supports the recruitment and advancement of people with disabilities, who may voluntarily disclose disability information confidentially.

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