Trader, FX & ALM/FI
Full time @Bank of Africa posted 12 hours ago in Finance Shortlist Email JobJob Detail
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Job ID 69025
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Career Level Officer
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Experience 4 Years
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Gender Both
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Industry Administration
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Qualifications Degree Bachelor
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Job Type Full time
Job Description
To execute transactions and strategies in the foreign exchange, money markets, asset liability management and fixed income trading with banks and other counterparties
- Develop insights into the local, regional and global financial markets for informed trading and advisory to the bank on financial markets and economic developments
- Price foreign exchange, money markets and fixed income transactions with banks and other counterparties optimally, efficiently and profitably
- Build and maintain strong counterparty relationships to drive transaction volumes and be a go-to desk for financial markets transactions
- Undertake trading strategy innovation and product development
- Share insights and guidance to the Treasury sales team on market dynamics, pricing, strategy and market opportunities
- Ensure efficient and robust end-to-end execution of foreign exchange, money markets and fixed income trading activities, working in partnership with Operations and Risk to ensure seamless processing
- Review funding and placement requirements for optimal utilization of bank funds, while undertaking effective nostro management
- Keep abreast of the securities market developments, including key trends in primary auctions and secondary market trading
- Ensure compliance to all regulatory and internal trading, treasury, and balance sheet management ratios and limits
- Work with the Head of Treasury to prepare the monthly Assets and Liabilities Committee (ALCO) reports, and undertake a continuous and dynamic balance sheet management approach
- Engage institutional and individual investors for business development in fixed income, money markets, and foreign exchange transactions
- FX trading turnover and income
- Fixed income trading turnover and income
- Money market turnover and income
- Securities investment income
- Hedging solutions distribution
- Growth of trading counterparties
- Compliance to all key treasury, balance sheet management, and risk limits
- Treasury audit and risk issues resolution
- Robust liquidity management
- ALCO process and report preparation, quality and timeliness
- Education: Bachelor’s degree in a finance-related field. ACI Dealing Certificate required. A post-graduate qualification in a finance-related field will be an advantage.
- Experience: A minimum of 1 year Treasury experience
- Technical Skills: Understanding of treasury and financial markets environment and products; knowledge of the financial industry and the economic environment.
Soft Skills: Strategic thinker with problem-solving and decision-making capabilities; good communication, interpersonal and stakeholder management skills; ability to interact with other and execute in a fast-paced, dynamic environment
- Strategic Vision: Ability to develop and communicate a clear vision.
- Adaptability: Comfortable navigating a fast-paced, evolving environment with competing priorities.
- Innovative Thinking: Strong ability to think creatively and leverage technology to solve business challenges.
- Data-Driven Decision-Making: Skilled in using data analytics to inform decisions and track progress.
- Collaboration: Strong interpersonal skills and ability to work across diverse teams and stakeholders.
- Change Leadership: Proven capability to lead cultural and organizational change to foster innovation and agility.
- Customer Focus: Demonstrated commitment to enhancing customer experience
- Risk Management: Deep understanding of risks associated with treasury and implementing effective controls.
Application Procedure
- Click “Apply to this Job” Green Button
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- Scroll below the job Description
- Apply with the Application instructions provided.
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