Job Purpose: 

Daily dealing activity in accordance with the agreed strategy and monitoring, funding, placing and Investing of Bank’s Liquid Assets and Liabilities as well as assist the Forex & Money Markets (MM) desk in the development of the bank’s liquidity and funding portfolios.

Key Responsibilities

Business Profitability

The dealer should be able to deal all MM instruments within the approved limits and at appropriate market rates.

To assist in the continued development of multi-currency funding, investment and hedging activity.

To balance the daily cash position ensuring all surplus funds are appropriately invested or any deficit is funded accordingly at reasonable rates.

Liquidity Management

To determine appropriate daily funding levels (bids) in accordance with agreed strategy and borrowing appetite of the bank and project funding position for a week ahead.

Fund the bank’s nostro accounts, central bank account and always ensure there are sufficient funds to meet all the client’s needs at any time.

To accurately input all transactions on the Treasury Management System (Cash Projection and Cash Reserve Ratio [CRR] projections) on a timely basis.

Prudently manage the CRR a/c

Customer Engagement

To produce daily Front Office reports on a timely basis.

To produce a daily schedule of upcoming funding and liquidity maturities.

To develop and produce management information on the performance of the liquidity or funding portfolios.

To assist the Treasury Manager in researching additional investment or funding instruments.

Dealer is proxy to the Spot trader and bond trader

Internal Business Processes

To ensure that all transactions are undertaken in accordance with Bank policy and within policy limits at all times.

Ensure compliance with statutory, regulatory and bank policy in relation to individual dealing activity

Ensuring sensitive and confidential data is managed appropriately at all times, encrypted and password protected as directed by policies

Ensuring potential or actual breaches of IT and information security policies and procedures are escalated immediately

Knowledge; Skills and Experience required for this Role

Business graduate from an accredited University with a Finance Major or any other related discipline.

In-depth knowledge of money markets and financial instruments.

Good understanding of macro-economic indicators and their practical implications on money market.

Ability to communicate at all levels.

Professional qualifications in ACCA/CPA/CFA/ ACI dealing certificate also desirable

Proficiency in Microsoft Office Suite.

Competencies required for this Role

Knowledge/experience of FX contracts, debt capital markets, securitization, covered bonds, asset & liability management techniques, IAS 39.

Able to contribute innovative ideas to improve the performance of the Treasury function and to assist in core business development and meet targets.

Have good communication skills to cultivate & develop a long relationship with clients.

Ability to cooperate with fellow employees and work closely as a team player within the department, marketing department, customer service and treasury back-office.

Good time management & multi-tasking skills.

Ability to handle pressure & stress of market volatility during trading, excessive workload and extra responsibilities.

Good analytical skills and problem solving skills.

Thorough understanding of the Forex  procedures and practice and the ability to interact with all levels of management and staff

Excellent negotiating and interpersonal skills.

Must have excellent leadership, organizational, and planning skills