Corporate Dealer

Company Details
Industry: Banking
Description: The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and … The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Bank's Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Stock Exchange (NSE) View more View less
Job Details
Job Type: Full Time
Workplace Type: On-site
Qualification: Diploma
Job Experience: Mandatory
Job Location: Nairobi County, Kenya
Closing Date: Undisclosed
Salary: Undisclosed
Other Pay: Benefits
Job Category: Banking
Job Description

The Role

Specifically, the successful jobholder will be required to: 

  • Develop and nurture strong relationships with corporate clients to understand their financial objectives, risk tolerance, and treasury requirements.
  • Collaborate with clients to assess their exposure to foreign exchange risk, interest rate risk, and other market uncertainties.
  • Provide expert advice and customized solutions to help clients achieve their financial goals.
  • Execute foreign exchange transactions, including spot, forward, and options contracts, to help clients manage currency risk associated with international trade and investment.
  • Provide guidance on hedging strategies, and other risk management tools to mitigate financial exposure.
  • Work closely with the trading desk to ensure accurate and timely execution of transactions.
  • Monitor global financial markets, economic indicators, and geopolitical developments to provide clients with relevant market insights.
  • Analyze market trends and currency movements to identify opportunities for clients to optimize their treasury management strategies.
  • Prepare and deliver presentations or reports on market outlook and potential implications for clients.
  • Develop a deep understanding of various financial instruments, including foreign exchange, interest rate derivatives, money market instruments, and structured products.
  • Stay updated with regulatory changes, compliance requirements, and industry best practices affecting corporate treasury services.
  • Assess and manage the risk associated with client transactions, ensuring alignment with the institution’s risk management policies and regulatory guidelines.
  • Maintain a high level of compliance and adherence to FX Global code in all dealings and transactions.
  • Provide clients with accurate information about the risks and benefits of different financial products.
  • Collaborate with internal teams, such as risk management, compliance, operations, branch network to ensure seamless execution and delivery of treasury solutions.
  • Liaise with Corporate and Institutional Banking Division business teams to understand client needs and preferences, as well as to identify cross-selling opportunities.

Skills, Competencies and Experience

The successful candidate will be required to have the following skills and competencies:

  • A minimum 4 years proven experience in corporate relationship management, foreign exchange, or related financial roles.
  • A Bachelor’s degree in a business-related field.
  • ACI Dealing Certification.
  • A good understanding of macroeconomics and current economic trends
  • Knowledge of risk management covering operational risk, market risk and credit risk
  • Integrity, professionalism, and compliance consciousness.
  • Exceptional communication and negotiation skills to interact effectively with clients and internal stakeholders
  • Confident decision-making and problem-solving capabilities.
  • Strong analytical prowess.
  • Leadership acumen.
  • Demonstrates extensive experience and strong expertise in derivative products
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