Liabilities Manager

About the Role

A reputable Non‑Bank Financial Institution invites applications for the role of Liabilities Manager responsible for steering the organisation’s liability growth strategy. This position will focus on driving consistent deposit expansion, enhancing funding stability, increasing customer acquisition, and maintaining profitability. The role oversees the entire liability portfolio, including Fixed Deposits, Savings Accounts, and potential new liability products, while managing a dedicated team.

Key Responsibilities

• Champion digital transformation initiatives within the liabilities function.
• Represent the liabilities perspective in Asset and Liability Committee meetings, contributing to funding and liquidity planning.
• Collaborate with Finance to optimize funding strategies and liquidity management.
• Handle special projects assigned by senior management, including the CEO.
• Draft and execute comprehensive liability business strategies aligned with organizational goals, including annual, quarterly, and monthly business plans and budgets.
• Drive achievement of overall liability portfolio targets, focusing on improving funding base and deposit mix.
• Identify and exploit new markets to increase deposits across customer segments.
• Lead growth and management of Fixed Deposit and Savings portfolios, targeting higher low-cost deposits and optimal savings account ratios.
• Manage sustainable growth while ensuring portfolio quality and profitability.
• Build and lead an effective Liability Team, monitor sales performance, and implement campaigns to meet deposit targets.
• Identify and develop new business across retail, SME, corporate, and institutional clients.
• Lead innovation by designing and enhancing liability products, responding to market demands through competitive offerings.
• Conduct market and competitor analysis to inform product development.
• Maintain strong relationships with customers across segments, ensuring high service standards and customer retention.
• Recommend competitive pricing strategies to optimize cost of funds and funding stability.
• Prepare and monitor budgets, forecasts, and actual performances.
• Recruit, mentor, and develop team members, setting clear performance goals and conducting regular reviews.
• Ensure compliance with regulatory frameworks including Bank of Zambia rules, AML/CFT policies, KYC standards, and internal controls.
• Address audit findings promptly and ensure corrective action implementation.
• Provide regular performance reports to executive management.

Candidate Requirements

• Bachelor's degree in Finance, Economics, Actuarial Science, or Business Administration; preference for candidates with a Master’s degree.
• 3 to 7 years’ experience in treasury, retail banking, risk management, or Asset Liability Management within a financial institution.
• Minimum 3 years in a managerial role within a similar function.
• Advanced quantitative analysis and financial modeling skills with familiarity in Liability Portfolio Management and related regulations.
• Experience with balance sheet structuring, ALM policy formulation, capital optimization, and ALCO interactions.
• In-depth understanding of micro-finance products, funding frameworks, interest rate risk, and liquidity management principles.
• Ability to apply data and modeling tools to balance strategic risk and revenue objectives.
• Effective negotiation, communication, and presentation capabilities.

Application Details

Interested applicants should submit their applications by 14th August 2026. Only shortlisted candidates will be contacted. TopFloor Limited is committed to equal opportunity employment and does not levy any fees for recruitment.