NEHREEN SUMAR

• Overall Treasury department management
• Asset/Liability net funds management (ALM) strategy and investing decisions aligned to the bank’s cashflows/policy
• Liquidity management to mitigate inherent liquidity risk, interest rate and market risk Reporting to Executive Director/CEO on Treasury portfolios, Asset Liability maturity gaps and liquidity management strategies, decisions taken and execution at treasury team
• ALCO Deputy Chairperson and coordinator
• Responsible for ALCO meetings, preparation of ALCO agenda, ALCO pack and conducting the ALCO meeting
• Coordination of matters arising from ALCO meetings and ensuring executions of action points by relevant teams
• Developed ALCO TORS document for corporate governance
• Monitoring and reporting to ALCO the COF, YOA and NIMs currency wise and overall, in conjunction with the Finance department
• Formulating strategies at ALCO to align with the bank’s overall strategy and market dynamics following the local interest rate movements, SOFR and global interest rates BRMC reporting and presentation of Treasury portfolios updates at quarterly Board Risk Management Committee meetings
• Computation of appropriate deposit rates for foreign currency deposits to include the CRR cost for break-even point, in order to obtain the optimal FCY deposit rate for profitability
• What-if Scenario analysis and results to drive informed decisions with regards to the Assets and Liabilities pricing
• Formulation of the credit risk-based pricing model for loans Monitoring bank-wide C/D ratios and implementation of internal limits for control purposes
• Implementing and dealing in treasury products that are new to CIB bank and have benefitted the bank such as FX swaps, Forwards and implemented a business model for FX swap categorization and monthly valuations
• Initiate internal interbank counterparty limits, annual review with Credit dept to seek approval from ALCO, BCC and Board approvals, and ensure dealers adherence to Counterparty and other Treasury dealing limits
• Formulating and reviewing Treasury dealing and investment policies in line with market developments and establishing various risk controls
• Lead the implementation of the Kenya Foreign Exchange code and achieved 100% compliance within the CBK stipulated deadline of 31Dec2023
• Developed monitoring and control blotter systems for daily Treasury reports from Dealers for MM, FX, and FI
• Training and development of dealers/junior dealers in Treasury
• Income generation on all Money market, Forex and Fixed Income streams
• Government securities portfolio, Eurobond portfolio initiation and investment growth and management, along with implementation of risk limits
• Decisions and guidance of team on the CRR cycle management as per CBK prudential guidelines and regulations
• Providing business/branch teams with Treasury related solutions
• Co-ordinating with head office teams at CIB Egypt on Treasury, ALM Risk and building synergies for seamless workflows between the institutions
• EXCO member Executive Credit Committee (ECC) member Treasurers’ forum participant and attending Treasurers meetings Leading the bank teams into new market developments and transitions such as CSD-Dhow project by CBK, CBK Digital currency seminars, Kenya Foreign exchange code implementation etc.
• Oversaw all aspects of cash flow planning, ensuring timely availability of funds for business needs while minimizing borrowing costs.
• Implemented treasury best practices, ensuring alignment with overall corporate governance standards.
• Played an instrumental role in major M&A activities as well as divestitures, providing expert advice on transaction structuring and financing options.
• Collaborated cross-functionally with other departments to support strategic decision-making related to corporate finance activities.

• Interbank trading on Reuters dealing system FXT, Bloomberg, and CITI-Velocity. Carrying out swaps/forward transactions and pricing.
• Acting Head of Treasury in the absence of Head of Treasury and daily reporting to MD/ED regarding treasury activities and investments as per requirements and being involved in decision making.
• Preparing the annual budget for the department and meeting with the team to discuss suitable strategies. Yearly income generated by the Treasury was Kes 2.20B in total.
• In-charge for monitoring and booking of floating long-term loans in the Finacle Treasury system.
• Monitoring and maintenance of intraday and overnight open positions within the stipulated dealing limits, with an aim to maximize profitability.
• Daily authorizing of Forex deals in the Finacle treasury system and guiding dealers/branches to rectify any errors made while posting.
• Utilizing Forex broker services, such as ICAP, providing guidance on market movements to junior dealers on Forex rates, preparing monthly FX volume reports, and monitoring monthly variances. Asset/Liability net funds management of the bank's books, lending/borrowing in the money market, investing surplus funds in REPO with CBK, and investing funds in Treasury Bills and Treasury Bonds.
• Secondary market bond trading, as per requirements. Cash flow management and funding of nostro and DFCC accounts. Maintaining CRR average balance as per CBK regulatory requirement.
• Handled Finacle system training and testing, designed reports for automation, and implemented the Finacle Treasury system setup. Authored the Treasury manual for the bank with detailed Treasury policies and SOPs. This manual is still in use currently at Prime Bank.
• Supervised day-to-day operations to meet performance, quality and service expectations.
• Developed strong working relationships with staff, fostering a positive work environment.
• Collaborated with the management team to develop strategic plans for business growth and improvement.

• -Interbank trading on Reuters dealing system 3000xtra Carrying out Swaps/Forward transactions including sourcing and pricing Utilizing Forex broker services such as ICAP Monitoring and maintenance of intraday and overnight open positions within the stipulated dealing limits with an aim to maximize profitability Analysing Fundamentals and Technicals to take suitable positions in major currencies Forex dealing and guidance on rates movements to branches Preparation and circulation of Treasury Bulletin to corporate customers Preparing monthly FX volume reports Engage in Islamic Financial market transactions and evaluate investment opportunities in the money market Maintaining CRR average balance as per CBK requirement
• Operating RTGS/KEPSS screen Reporting the daily treasury activities and profit/loss to senior management Monitoring and reconciling of Currency positions Part of the initial team during start-up of the bank and implemented the systems and procedures in the Treasury department Front office and Treasury back-office operations
• Secretary to Assets and Liabilities Committee (ALCO)
• Collaborated with management to develop strategies for optimizing dealer performance and improving overall operational efficiency.
• Enhanced customer satisfaction by providing personalized assistance and tailored recommendations.

• Forex dealing and booking of forex deals, processing SWIFT and foreign inward/outward remittances, processing FCY cheques for collection, fixed and call deposits for clients and fund managers, issuing withholding tax certificates, bankers cheques, and FCY drafts posting.

• - Lending/Borrowing in the money market, Forex Interbank dealing, sending FX rates to branches daily, investing funds in Treasury Bills and Treasury Bonds, investing surplus funds in REPO with CBK, maintaining T-Bill and T-Bond portfolios, operating RTGS, and daily/monthly reporting of Forex Profit and Loss.

Duties carried out in Treasury Back Office Operations:

- Operating SWIFT transfers for clients and branches,

- Sending payments via KEPSS, all forex payments to nostros by SWIFT.

- Inputting Letters of Credit and Standby Letters of Credit in SWIFT.

- Nostro and CBK account reconciliations

- Posting Deal Entries in the Banking System.

Duties carried out in the Finance department:

-Creating all Returns for Central Bank of Kenya as per the Prudential Guidelines, i.e., CBK-BSM, Liquidity, Profit and Loss Statement, Capital Adequacy ratios, etc.

-Monthly management reports on variances from budget and analysis of large variances.

-Monthly report on the cost of funds, yield on advances, and net interest margin.

-Fixed assets schedules and depreciation application on a monthly basis.

-Compiling the budget for the whole bank on a yearly basis.

Secretary to the Assets and Liabilities Committee (ALCO)

Duties carried out in the Bank Operations department:

-Opening of Fixed/Call Deposits and daily renewals of maturing fixed deposits.

-Issuing Banker's cheques for clients and daily Banker's cheque reconciliation.

-Handling account opening for the branch.