Head of Funds Transfer Pricing

Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.

Head of Funds Transfer Pricing

Job Summary

• The Head of Funds Transfer Pricing (FTP) is responsible for the design, governance, implementation and continuous enhancement of the Bank’s FTP framework. The role ensures the accurate allocation of funding, liquidity and interest rate risk costs across business units, supports balance sheet optimisation, and provides pricing signals that promote sustainable growth, profitability and prudent risk management. The role serves as the Bank’s subject matter expert on FTP and a key adviser to Treasury, Finance, Business, ALCO and senior management.

Job Description

Key Accountabilities and Responsibilities

FTP Framework and Governance

• Own and maintain the Bank’s FTP framework, ensuring alignment with the ARO Funds Transfer Pricing Standard, internal governance requirements and applicable regulatory expectations.

• Develop, review and enhance FTP methodologies, policies, assumptions, controls and supporting documentation.

• Ensure effective governance, approval and oversight of methodology, curve and parameter changes.

FTP Curve Development and Pricing

• Develop, maintain and communicate local currency and foreign currency FTP curves to Business and ARO Treasury Centre.

• Ensure the appropriate incorporation of funding costs, liquidity premiums and interest rate risk costs into FTP rates.

• Oversee the timely implementation and communication of curve updates and strategic pricing changes.

FTP Production, Control and Reporting

• Ensure accurate and timely monthly FTP pricing and distribution of results to business units, supported by relevant Finance partners.

• Oversee data integrity, reconciliations, validations, controls and resolution of FTP production issues.

• Produce clear management information and analysis on FTP movements, profitability impacts and key balance sheet drivers.

Business Partnership and Stakeholder Engagement

• Lead FTP engagements with Business, Finance, Treasury and ARO Treasury Centre, providing a clear understanding of methodologies and their financial impacts.

• Act as the primary point of contact and subject matter expert for FTP-related matters across the Bank.

• Support business units in understanding how funding and liquidity costs affect product pricing, margins and profitability.

Strategic Balance Sheet and Profitability Management

• Use FTP as a strategic mechanism to influence desired asset and liability behaviours and support balance sheet optimisation.