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  • Posted: Nov 11, 2016
    Deadline: Nov 23, 2016
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    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...
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    Fixed Income And Money Market Trader

    Responsibilities for the Fixed Income And Money Market Trader Job

     

    • Manage the bank’s daily cash and clearing operations in all Central Bank of Kenya accounts for both local and domestic foreign currency accounts.
    • Undertake money market funding activities to ensure that the bank’s accounts in Kenya and overseas are adequately funded to meet the banks daily obligations and settlements.
    • Manage the RTGS payment system & control real time payments to ensure customer satisfaction & compliance with RTGS rules by the Central Bank local clearing accounts, intraday liquidity facility (ILF) and Domestic Foreign currency (DFCC) accounts and East Africa Payments accounts.
    • Engage in money market dealing with the permitted instruments including, Treasury Bills and Bonds, Repurchase agreements, Horizontal repos and vertical repo’s and other approved tools as per the investment policy while adhering to approved counter party limits as per existing procedure.
    • Manage the risks generated in trading, by working within the established parameters and rules appropriate to the trading product.
    • Network with internal customers & external market counterparts, in order to solicit customers’ feedback, gain market intelligence, benchmark trading techniques, and enhance the Bank’s profile in the market.
    • Contribute to building the bank’s reputation in the international and local markets through personally demonstrating high level of professionalism at all times.
    • Negotiate and price customer deposits in conjunction with the major liability relationship centers and branches with the view to control the overall cost of funds.

     

    Fixed Income And Money Market Trader Job Experience

     

    • A Bachelor’s degree in a Business related field with at least 4 year experience in banking, two of which must be in direct foreign exchange & money market trading and treasury operations.
    • Certified Foreign Exchange and Money Market Dealer (ACI).
    • Good understanding of micro and macroeconomics to interpret likely currency and interest rate trends both locally and on the international markets.
    • Knowledge of local and international market events and their likely impact on currency and interest rates.
    • Excellent analytical and numerical skills twinned with an active and avid interest in finance & trading.
    • Excellent negotiation and decision making skills as well as be an excellent communicator with the ability to set and meet stretched targets and deadlines.
    • Good understanding of the CBK and Banking prudential guidelines and their implications on the organization.

    Method of Application

    If you are confident that you fit the role and person profile and you are keen to add value to your career then please forward your application enclosing detailed Curriculum Vitae to jobs@co-opbank.co.ke indicating the job reference number HAC/CBD/2016 by 23rd November, 2016. We are an equal opportunity employer.

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