Job Description
To be responsible for executing the trading book mandate as delegated by the head of trading and the treasurer, ensuring:
1. The generation of trading income from trading in FX, Bonds and Equities, as is permitted under the dealer mandate, with the objective of achieving income and business unit growth objectives;
2. Making market to the FX and Bond interbank markets, as appropriate;
3. The provision of pricing to sales dealers in order to facilitate client business;
4. Ensuring that that all risks are managed under the respective portfolios according to the dealing mandate and the respective policies and procedures (adherence to market risk limits, credit risk limits, tenor limits).
Duties and Responsibilities
• Developing and executing trading strategies in line with the Treasury strategy, trading strategy, and the dealer mandate
• Anticipating market developments and identifying trade opportunities with risk-adjusted superior returns
• Ensuring that the daily transactions and trading activities conform to the set business unit goals and objectives
• Focusing on revenue, business development, relationships with counterparties and the regulator, and growing the trading franchise
• Working closely with the trading desk and Sales to support the roll out of Risk Management Products (RMP’s)
• Taking into account the cost of funding in all trading decisions
• Keeping up to date with market intelligence and market movements and regularly updating the treasurer, the sales team, and the broader treasury team
• Generating a daily flash P&L by the cut-off time as advised by the Trading Manager
• Establishing excellent working relationships with bank counterparties and the regulator (as is appropriate)
• Giving input to the head of trading in respect of the annual planning and review of trading STP, RAF and MTP budgets
• Giving input on the dealer mandate
• Reviewing and signing off on daily risk and P&L reports
• Actively managing one’s own technical and soft skills development
• Researching, identifying and proposing training solutions to senior management for one’s own development
Qualifications and Experience
• Bachelor’s degree in Banking and Finance, Actuarial Science or equivalent
• ACI Dealing Certificate
• Understanding of the policies, procedures and ethical requirements of a Treasury environment
• Performance Imperatives:
o delivering results;
o being aware of market trends;
o achieving high standards & best practise;
o understanding of the Treasury Business Model
• Good Money Management skills;
• Understanding of treasury operational processes and controls
Excel competency
• Understanding of the mathematic of pricing for FX and Money Markets
• Understanding of political and economic activity and the impacts on exchange rates and interest rates
• 3-5 years’ experience related experience
• Market Making experience
• Trading experience
• In-depth trading knowledge / experience of local market Rates and FX products
How to Apply
Candidates who meet the above criteria should submit their CVs indicating on the subject the position being applied for and preferred location to the email below not later than 13 December 2024:
rolinkfinance@gmail.com
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