Primary Purpose 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 organization's 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.
Minimum Requirements Qualifications Honours in Finance or SimilarCFA/FRM (Ideal)ACI Dealing Certificate/ ACI operations certificate (preferably BCom or similar)FAIS RE5 and or RE1Experience At least 10 years of experience Trading in international marketsGood MS Office skillsAdvanced ExcelKNOWLEDGE, SKILLS AND ABILITIES REQUIRED General understanding of a bank's 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 detailData analytics using excel and other tools.People management experienceStrong understanding of prudential requirements for banksCreative and lateral thinking as well as an intellectually curious mindAbility to structure complex tasks in a goal-oriented way and deliver innovative solutions under tight timelines.Identify developments in products and maintain business relationships 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.Duties and Responsibilities include but not limited to: CUSTOMER CENTRICITY 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 timeDegree of customer satisfactionOPERATIONAL EXCELLENCE 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 client's information and transactions are correctContribution to teamwork ensuring accountability, delivery, knowledge sharing and effectiveness of the area.Ongoing query management and escalation if necessaryFINANCIAL MANAGEMENT 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 Bank's Net Open Position (NOP) within regulatory and internal limits.Perform other related duties as assigned.This position is advertised in line with our commitment to Employment Equity.
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