SVP & Head of Funds Transfer Pricing

Job Description

This role leads and manages the Funds Transfer Pricing team as part of the Group Treasury function. Responsible for the Group's FTP policy, methodology, analytics, and systems implementation. Supporting business with product pricing, new deal pricing, and restructuring of existing deals in conjunction with ALM. Supporting business with FTP and behavioural assumption inputs into RAROC for CAC decision-making.

Supporting business with balance sheet forecast and income budget assumptions relating to FTP. Responsible for the planning, execution, and adaptation of the Group's FTP policy and methodology in an ever-changing market and regulatory landscape. Responsible for ensuring that interest rate, liquidity, and basis risks are correctly transfer priced and fairly allocated to the rightful business owner in-line with the FTP policy. Responsible for senior stakeholder engagement on all matters related to Funds Transfer Pricing and wider Treasury strategic projects. The role also serves as the business owner and key contact on FTP systems and analytical requirements.

Business Enablement

• Supporting business with product pricing, new deal pricing, and restructuring of existing deals in conjunction with ALM.
• Supporting business with FTP and behavioural assumption inputs into RAROC for CAC decision-making.
• Supporting business with balance sheet forecast and income budget assumptions relating to FTP.

Funds Transfer Pricing Policy

• Engage with Group and Branch ALCO to review, amend, and set new FTP policies on products and refresh FTP curves.
• Engage with the Business to set FTP policies on new products/deals and optimize returns in-line with their risk profile.
• Understand the impact of changing international/regional regulations, market developments, and customer behavior.
• Align FTP policies to support the Group's strategy and review Branch-level FTP policies in meeting Group requirement.
• Ensure that the FTP policy allows for the correct transfer pricing of interest rate, liquidity, and basis risks in the bank.

Funds Transfer Pricing Curves

• Compute and recommend monthly FTP curve to Group ALCO for review and approval.
• Oversight of FTP curves submitted to the Branch ALCO across all international branches.
• Define appropriate underlying market curves to reflect true funding costs and the right hedging instruments for the bank.

Funds Transfer Pricing Systems

• Ensure that the FTP system is embedded within the greater Group Finance and Group Risk systems infrastructure to enable seamless integration of FTP within the bank's risk-adjusted financial reporting / performance management.
• Engage with Group IT to put in place controls covering source data, transformation rules, mapping tables, and system outputs to ensure the robustness and reliability of the final FTP system output feeding Group Finance / Risk systems.
• Business owner of the FTP system and main point of contact for all FTP system change and/or new requirements.

Funds Transfer Pricing Analytics

• Support the business and corresponding finance functions in various FTP analyses (single contracts, portfolio movements, new products) and linking them back to the FTP policy.
• Provide valuable MIS supporting day-to-day analytics of transaction, customer, and product profitability.

Funds Transfer Pricing Training

• Develop a team of business specialists capable of addressing business queries around the FTP policy and their application on existing products, new products, pipeline deals, and the corresponding FTP rates.
• Conduct annual bank-wide FTP training for internal stakeholders in the business and related enablement functions.

Qualifications

• Minimum 10 years of relevant ALM/FTP experience in a Group Treasury or Global Markets function.
• Proven leadership of people
• Experience with implementation of a major ALM/FTP system such as QRM, KRM, FIS, etc.
• In-depth knowledge of international and regional liquidity and capital regulations.
• Ability to interpret key bank ratios, market rates, and economic indicators.
• Ability to motivate and lead a team even when operating in high pressure situations.
• Multi-task, prioritize deliverables with a balance between attention to detail and timely decision making.
• Experience in dealing with senior stakeholders across business and enablement functions.
• Fluent in spoken and written English and professional business communication skills.