Manage the liquid asset portfolio optimally for high yield whilst maintaining other bank regulatory metrics. Deliver high-standard work and be comfortable with change. Tactical trading in money market instruments to deliver performance vs budgets, identify and address risk and maximize opportunities. Build on the organizations trading by formulating options or hedging strategies. Optimize funding mix and funding cost while ensuring risk and liquidity levels are aligned with the overall strategy of the bank.
Qualifications
Minimum Requirements
- Honours in Finance or Similar
- CFA/FRM (Ideal)
- ACI Dealing Certificate/ ACI operations certificate (preferably BCom or similar)
- FAIS RE5 and or RE1
- At least 10 years of experience Trading in international markets
- Good MS Office skills
- Advanced Excel
- General understanding of a banks balance sheet, Regulations relating to Banks, Basel Framework, FAIS, Accounting Standards relating to hedge accounting, and other regulatory developments.
- Strong analytical skills and high attention to detail
- Data analytics using excel and other tools.
- People management experience
- Strong understanding of prudential requirements for banks
- Creative and lateral thinking as well as an intellectually curious mind
- Ability to structure complex tasks in a goal-oriented way and deliver innovative solutions under tight timelines.
- Identify developments in products and maintains business relationship with stakeholders.
- Full understanding of local and international market dynamics.
- Knowledgeable of various Global Markets products in Rates/Credit and
- Commodities including other derivatives that can be used to achieve targets without exposing the Bank to unnecessary risk.
- Good MS Office skills
- Advanced Excel
CUSTOMER CENTRICITY
Focus on client service in building bank balance sheet
- A keen interest in supporting business development and contributing to the commercial success of the bank through client service.
- Manage the day-to-day operations with due cognisance of:
- Levels & quality of service delivery as experienced by internal & external stakeholders.
- Responsiveness: Speed of responses, reaction time, going the extra mile, turnaround time
- Degree of customer satisfaction
- Prepare and present strategic papers to Risk and other high-level committees.
- Recommend improvements in systems where necessary.
- Project manage the implementation of the new systems if adopted.
- Complete assigned work efficiently and in an organized manner within an established time frame.
- Complete objectives and see tasks through to the end while taking into consideration current responsibilities and workload.
- Keep records of all work done and can easily provide information required.
- Maintain detailed written performance documentation that needs no explanation.
- Work according to documented policy and procedure to ensure that all necessary documents are in place and clients information and transactions are correct
- Contribution to teamwork ensuring accountability, delivery, knowledge sharing and effectiveness of the area.
- Ongoing query management and escalation if necessary
- Manage the risks of trading money markets products while making a profit.
- Recommend products based on international currency markets.
- Conduct research on the financial markets.
- Analyse market activity and monitor market trends.
- Monitor trading activities and transactions of other traders.
- Keep up to date with interest rate movements and currency fluctuations internationally through daily studying of country and international economic indicators, etc.
- Maintain deal record and accurately and timeously perform calculations on daily P/L.
- Update relevant systems and ensure hedging takes place where risks are identified.
- Assist FX desk in daily management of the Banks Net
- Open Position (NOP) within regulatory and internal limits.
- Perform other related duties as assigned.
