Executive Head of Treasury and Funding

Job Description

Role purpose:

To lead and optimise the organisation’s treasury, funding, liquidity, financial risk management, and banking strategy by safeguarding financial stability, securing cost-efficient funding structures, protecting customer trust funds, and ensuring full regulatory compliance while supporting strategic growth objectives.

Key accountabilities and decision ownership:

1. Liquidity & Cash Flow Strategy

• Define and execute short-, medium-, and long-term liquidity strategy across Vodacom and Vodacash.
• Ensure adequate funding for operational, capital expenditure, and working capital requirements.
• Optimise liquidity ratios and cash positioning to maintain regulatory and internal policy compliance.
• Oversee cash forecasting, stress testing, and liquidity contingency planning.
• Own decisions relating to liquidity buffers and funding allocation.

2. Strategic Funding & Debt Management

• Structure and negotiate overdraft facilities, term loans, revolving credit facilities, and intercompany funding.
• Optimise cost of funding and manage interest rate exposure.
• Lead banking negotiations to secure improved pricing and terms.
• Ensure funding structures comply with local regulations and group treasury policies.

3. Financial Risk Management (FX, Interest Rate & Counterparty Risk)

• Manage foreign exchange exposure in line with local market limitations and central bank regulations
• Monitor and mitigate counterparty bank risk across all financial institutions.
• Implement hedging, natural offset strategies, and balance sheet risk mitigation.
• Manage local guarantees, insurance structures, and financial risk assessments.
• Provide executive reporting on financial risk exposure and mitigation plans.

4. M-Pesa Trust & Regulatory Treasury Oversight

• Oversee Trust governance, reconciliation controls, and regulatory reporting to the Central Bank (BCC).
• Ensure full compliance with local banking.
• Strengthen internal controls to prevent fraud, leakage, or regulatory breaches
• Own trust interest optimisation and partner bank allocation strategy.

5. Banking & Stakeholder Management

• Lead strategic banking partnerships (local and international banks).
• Manage relationships with Central Bank, auditors, tax authorities, and financial institutions.
• Drive treasury transformation and process optimisation.
• Represent treasury at executive committees and board meetings.
• Provide strategic advisory support to CFO and MD on capital allocation and financial resilience.

Job Related Skill:

• Advanced treasury strategy and funding structuring expertise.
• Strong financial modelling and cash flow forecasting capability.
• Executive-level negotiation and stakeholder management.
• Risk assessment and internal control design.
• High analytical acumen with strong decision-making under uncertainty.

Job Knowledge:

• Deep knowledge of Central Bank regulations and local financial market constraints.
• Strong understanding of Vodafone/Vodacom Treasury Policy frameworks.
• Expertise in mobile money trust structures and e-money regulations.
• IFRS, OHADA, and regulatory accounting knowledge.
• Strong understanding of financial markets, interest rate environment, and macroeconomic drivers in DRC.

Job Experience:

• 10+ years progressive treasury experience, with executive exposure.
• Proven experience in liquidity optimisation and funding restructuring.
• Experience managing multi-bank environments and complex regulatory landscapes.
• Demonstrated success in negotiating large-scale facilities and improving funding terms.
• Experience presenting to board and executive committees.

Must have technical / professional qualifications:

• Bachelor’s degree in Finance, Economics, Accounting, or related field.
• Master’s degree (MBA in Finance or Leadership preferred).
• Professional certification (ACT, CFA, ACCA, CIMA) advantageous.

Key performance indicators:

• Liquidity ratio maintained within approved thresholds (monthly compliance target: 100%).
• Reduction in weighted average cost of funding (% improvement YoY).
• Zero regulatory breaches relating to treasury or trust management.
• Improvement in treasury efficiency metrics (bank charges reduction & interest optimisation).
• FX risk exposure maintained within approved tolerance levels..