Head of Asset & Liability Management Job at Moniepoint

Moniepoint Incorporated is a global business payments and banking platform and recently became QED Investors’ first investment in Africa. We are the partner of choice for over 600,000 businesses of all sizes, powering the dreams of SMBs and providing them with equal access to the tools they need to grow and scale.

We are recruiting to fill the position below:

Job Position: Head of Asset & Liability Management
Job Location: Lagos
Employment Type: Full Time

About The Role

• The Head of Asset and Liability Management (ALM) leads the bank’s asset and liability management function to optimize the balance sheet, manage liquidity, and mitigate risks associated with interest rate, foreign exchange, and capital adequacy.
• This strategic role requires close collaboration with key stakeholders to align the bank’s financial strategy with overall business objectives, ensuring prudent financial management and regulatory compliance.

What You’ll Get To Do
Balance Sheet Management

• Develop and execute strategies for effectively managing the bank’s balance sheet, and maximizing returns while minimizing risks.
• Oversee interest rate risk and liquidity management, ensuring alignment with financial goals and regulatory requirements.
• Lead strategic planning for capital, funding, and liquidity needs, assessing market trends and the bank’s risk profile.

Liquidity Management

• Monitor and manage the bank's liquidity position, ensuring adequate funding for operations and regulatory compliance.
• Establish and maintain relationships with funding sources, including wholesale and retail funding, capital markets, and external financial institutions.
• Develop contingency funding plans and stress-testing scenarios to prepare for adverse market conditions.
• Responsible for deposit pricing and where necessary guide the pricing decisions of the bank.

ALM Strategy and Policy Development

• Lead the development of ALM policies, guidelines, and frameworks to support sound financial and risk management practices.
• Establish key performance indicators (KPIs) and metrics to measure ALM performance and alignment with the bank’s strategic objectives.
• Educate and mentor team members on ALM principles and practices, fostering a culture of excellence and continuous improvement.
• Develop the Funds Transfer Policy and ensure it is applied accurately to drive the right behavior.

To Succeed In This Role, We Think You Should Have

• A bachelor’s degree in Finance, Economics, Business, or a related field; an advanced degree (e.g., MBA, CFA, or FRM) is preferred.
• 7+ years of experience in banking or financial services, with a strong background in asset and liability management, treasury, or risk management.
• In-depth knowledge of ALM practices, regulatory requirements (Basel III, LCR, NSFR), and financial risk management.
• Strong quantitative and analytical skills, including experience with ALM modeling and stress testing.
• Proven track record of managing liquidity, interest rate risk, and balance sheet optimization.
• Excellent communication and leadership skills, with the ability to influence and collaborate across functions.

What We Can Offer You

• Culture -We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
• Learning - We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
• Compensation - You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits.