Musa Abdul Aziz Olwase

Duties

· Monitoring liquidity, capital, Cash Markets, securities investment portfolio and forex rate markets.

· Verifying system rates against the bank’s approved card rates.

· Monitoring the dealers trading limits, daily performance, and revaluation positions and pushing the team to attain organizational targets.

· Drawing forex customer marketing strategies in conjunction with business development.

· Making customer calls and following up with other dealers business development leads.

· Preparing market competitor intelligence report on rate variation and business coverage.

· Advise board on the economic and business situation both locally and internationally as a guide to the bank's strategic direction.

· Ensure regulatory discipline in treasury functions through regular reports to the central bank on CRR, Liquidity ratio, Weekly statistical report, forex on daily and monthly position as per Bank of Uganda regulations.

· Guide, check and ensure smooth and transparent trading operations within the set risk and credit limits as per counterparties approved by board.

· Implementing ethical and regulatory standards of practice as regards trading within the internationally set standards as per dealer's model code, local ACI agreed standards of dealing and settlement.

· Review of the treasury operations policy guidelines from time to time.

· ALCO presentation to the ALCO Committee and maintain its records.

· Provide continuous leadership, supervision, training and development of the dealers ensuring an effective and motivated team. Liaise with the HR department in conducting performance appraisals and ensure competency and training gaps are addressed

Achievements

• Successfully sourced strategic investors for the Bank .
• Resolved the longstanding revaluation imbalances in the bank's position accounts in 2018.
• Successfully managed bank's balance sheet through decrease of the concentration risk from mainly highly priced fixed deposits of 90% in the top ten depositors to 50 % within 1.5 years.
• Developed Asset and liability policy for the bank in 2019.
• Grew treasury business by over 50 pct .
• Introduced internal controls to monitor critical areas of treasury risk.
• Establishing counterparty funding and forex limits with commercial Banks.
• Streamlined bloated positions that were beyond limits in magnitudes over USD 40 million of non-existent dollar equivalent positions that had been brought about by error postings .
• Trained the bank staff in forex postings, handling and cross selling.
• Successfully improved fixed deposit pricing by adjusting it to the true yield for clients who were taking interest before maturity which was hurting the banks true cost .
• Discovered a cash flow gap in the Bank’s digital distribution channel which was straining the Bank’s liquidity and exacerbating the funding shortage.

Duties

● Approving and confirmation of rate calls from branches.

● Monitoring and analyzing the forex trading blotter.

● Drawing forex customer marketing strategies.

● Making customer calls and following up with other dealers on business development.

● Preparing market competitor intelligence report on rate variation and business coverage.

● Advise board on the economic and business situation both locally and internationally as a guide to the bank's strategic direction.

● Ensure regulatory discipline in treasury functions through regular reports to the central bank on CRR, Liquidity ratio, Weekly statistical report, forex on daily and monthly position as per Bank of Uganda regulations.

● Guide, check and ensure smooth and transparent trading operations within the set risk and credit limits as per counterparties approved by board.

● Implementing ethical and regulatory standards of practice as regards trading within the internationally set standards as per dealer's model code, local ACI agreed standards of dealing and settlement.

● Preparation of forward contract documents, individual customer limits above set policy limits for sanction by the board.

● Review of the treasury operations policy guidelines from time to time.

● Participation in the budgetary process of the department.

● Investment and funding – identify investment opportunities for the bank's surplus cash and ensure maximization of profitability without resulting in future cash shortages as a result of differing maturities

● Portfolio management (Trading) – achieve profitability target by purchasing securities and other money market instruments so as to achieve set profit targets

• Secured direct Nostro account relationships.
• Reorganized Bank’s treasury policy and combined various existing operational and management policies into one with emphasis on risk management regarding trading and funding limits, approval limits and trading positions.
• Worked with Finacle core banking providers to map and migrate from legacy .
• Trained three bank staff one in back office and two in front office for the ACI certifications.

Achievements

Duties

● Cash-flow position management – making sure on a daily basis the bank is able to meet its cash obligations in the market, in all the currencies (maintain a net positive position);

● Liquidity position management – analyse assets and liability ratios and ensure compliance with Bank of Uganda (BOU) requirements;

● Investment and funding – identify investment opportunities for the bank's surplus cash and ensure maximization of profitability without resulting in future cash shortages as a result of differing maturities;

● Portfolio management (Trading) – achieve profitability target by purchasing securities and other money market instruments so as to achieve set profit targets;

● Administrative role – delegate tasks, supervise and train staff and conduct performance appraisals in line with bank requirements.

● Networking - build effective relationships and interact with representatives from counter-party organizations and other stakeholder organizations so as to share information and build market for Imperial Bank investment products

● Marketing - actively seek new customers by initiating contact and carrying out visits

● Provide continuous leadership, supervision, training and development of the dealers ensuring an effective and motivated team. Liaise with the HR department in conducting performance appraisals and ensure competency and training gaps are addressed

● Participate in Assets Liability Committee meetings.

• Attained Trading target of ugx 2 bn due to increased forex pricing scrutiny and introduction of Middle office upon recommendation.
• Introduced forward contract products for high net worth customers dealing in agro export to hedge their expected forex income.
• Managed a run on the bank when it was put under regulatory supervision due to group contagion risk in Kenya .

Duties

● Leading the dealing room in trading review, trading strategy formulation and individual dealer budget focus performance on a daily basis.

● Monitoring and updating on the Reuters screen both the forex and cash markets prices for the bank.

● Driving dealer calls to over 100 clients daily and monitoring conversion capacity for all calls made.

● Collecting and compiling market intelligence information for the head of treasury.

● Enforcing dealing model code and ensuring adherence to the trading best standards as per bank policy.

● Appraising the head of treasury on the daily dealing room performance.

● Making cash and securities investments in adherence to regulatory standards, liquidity management and set counterparty limits.

● Preparing the monthly management ALCO and securities investment portfolio report for the head of treasury.

● Classification of securities held by the bank and revaluing the tradable securities as per market.

● Cross selling securities to the banks clients and other financial institutions as a primary dealer.

● Representing the head of treasury in the different dealers’ social forums and activities.

Achievements

• Won primary dealers award twice.
• Introduced swaps as a funding alternative and security for counterparties who didn’t have established money markets with us which boosted the Bank’s investment spectrum.
• Successfully lobbied for the introduction of forwards that had been hitherto seen as risky to be accepted by the bank after ensuring credit limits for the clients were set up and hedging them with reverse forwards in the interbank.

Duties

● Drive forex sales i.e. conduct customer calls, push the staff to meet their sales targets.

● Overall in charge of branch international operations.

● Preparing branch operational reports for presentation to head office i.e. BS 100,product growth analysis, GL/PL monitoring reports, NPA and Liquidity exposure, credit sectorial deployment

● Inspection, assessment and drafting large forex borrower’s proposals for further consideration by branch head and head office credit committee.

● IT support to branch for day end and routine work before migration to core banking software and afterward main contact personnel for help desk on IT branch issues

● Authorizing heavy cash deposits, looked after the bills department

● In Charge of branch forex transactions

Achievements

• Served from time to time as acting branch head or joint manager at branch
• Selected by head office to assist in reconciling bank’s clearing settlement account that had inconsistencies for over one year and successfully resolved it with central bank reimbursing Bank ugx 1bn.
• Providing bank wide Finacle operational support for foreign exchange related operation postings due to successful participation in the mapping of banks forex asset and liability related processes to Finacle core banking solution in Bandra, Mumbai- India 2007.

Duties

● Posting of duly passed forex cash vouchers.

● Data entry of various instruments in computer system and books.

● Scrolling vouchers/receiving pay in slips, cheques, drafts and other instruments.

● Tallying of scroll sheets with respective accounts

● Receiving, paying, remitting, counting, and tallying of forex cash.

● Receiving and paying forex cash from and to customers, properly accounting for it, and issuing proper acknowledgement

● Paying duly authorized forex related cash vouchers/ cheques after getting them passed by proper authorities and proper scrutiny.

● Updating passbooks, balancing of books, and reconciling the accounts in the international bureau of the branch.

● Typing of letters, spreadsheets and all other jobs on the computer.

● Marketing of new and existing forex products and services hence mobilizing business for the bank.

● Carry out customer care and provide timely solutions to complaints by customers

● Any other duties as assigned by superiors.

Achievements

• Managed to grasp entire branch cash, credit operations in six months of joining hence posted to international bureau in recognition of this achievement.
• Improved the entire cash operations after suggesting discarding of token coins for customer recognition on payment in exchange for passbooks. This reduced lines and saved reconciliation time at end of day.