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Funding Curve/Book Ownership and Structure

Develop local currency funding curves based on market factors and internal balance sheet structure

Set-up Treasury Funding Execution books and Treasury Execution Services (TES) Investment books and ensure full ownership of trades, bookings, P&L and Risk

Ensure any global changes in pricing of curves, hierarchy set-ups, or trade execution bookings are implemented in a timely manner

TES Risk Management

Liaise with Country liquidity risk and ALM managers to ensure that all relevant businesses are transfer priced according to the Transfer Pricing policy in a consistent, transparent and fair manner

Ensure all the resultant risks, quantified above, are well understood and ensure the Funding Curve is set taking the above business risks into account

Develop strategies to reduce the balance sheets risks created in the normal course of banking business Together with ALM, achieve these strategies by incentivizing business and by advising on products to be rolled out in the Retail, Commercial and Wholesale market

Provide country insight into stress testing and work with country liquidity managers to highlight jurisdiction / country specific issues

Work with business on trades, to ensure compliance with liquidity regulations, whilst ensuring the best commercial outcome

Work with Finance to implement hedge accounting solutions in each country to better enable economic hedging of liquidity, whilst minimizing MTM accounting volatility

Take Full ownership of TES risk positions, P&L generated, and actively manage both

TES Reporting

Local Currency Funding curves presented monthly at ALCO’

P&L explanations of TES book and ownership of the flash process

Desk level risk reports PV01

Explain DVar in relation to TES positions

Financing for the Firm

Create wholesale funding franchise in Local Currency

Establish customer base and work with Sales to originate funding

Publish Fixed and Floating deposit screens to attract deposits and work with clients to ensure smooth process of daily funding execution

Work with regulators and other interbank participants to develop the Money Market in country

When required, work with DCM to issue senior debt in country

Working with the local team on the issuance of (where appropriate):

Managing the bond maturity (refinance) profile

Identifying new funding sources and diversification opportunities

Manage Surplus Liquidity and Liquidity Buffers to optimize risk / return

Investment of Liquid Assets to meet regulatory requirements and serve as a hedge for structural balance sheet positions.

Formulate and implement efficient asset/tenor allocation strategies by staying close to the market and enhancing value for the firm.

Enhance portfolio yield relative to benchmark hedges provided by business within Market Risk guidelines.

Detailed MI on portfolio composition and performance and drivers of performance.

Timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)

Co-ordination of contributions and business proposals on behalf of ALCO members