Dealer: Trading Desk at NCBA Group

JOB PURPOSE STATEMENT

Under the guidance of the chief dealer, you will assist in the implementation of the Global Market trading strategy in line with the NCBA Bank Global Markets Trading strategy and requirements. You will undertake proprietary trading in the permitted asset classes, as well as manage currency and interest rate positions that the bank holds. You will be managing risk, liquidity and exposure and you will support and manage all aspects of the trading desk. You will be responsible for handling and understanding risks associated with Treasury products such as FX Spot, Forwards & Swaps, FX Options, Non Deliverable Forwards, Rates trading and any other structured product within the approved risk appetite and portfolio standards. The role should contribute to the organization through better pricing and risk management while providing an information service to the Group.

Key Accountabilities (Duties and Responsibilities)

Perspective % Weighting (to add up to 100%) Output

Financial (65%)

• Under guidance of the chief dealer, responsible for the Global Markets FX trading income target.
• Execute the laid down Trading strategy plan that is coherent the overall bank strategy within the approved risk appetite and portfolio standards.
• Generate revenue for the bank through trading Vanilla and approved Structured Products
• Buy and sell currencies to profit from anticipated market movements, while keeping within authorized trading limits.
• Manage quality of portfolio of Trading products by improving current products and developing new ones to ensure the Bank’s dynamic responsiveness to the needs of targeted market segments
• Make prices in relevant products both to sales team for onward transmission to clients and to other interbank counterparties.

Internal business processes (10%)

• Monitor and analyse the currency market and economic data to anticipate market movements, minimize trade losses.
• Comply with requirements of all relevant risk management policies; the Bank’s Credit Policy, Central Bank of Kenya guidelines and appropriate provisions of the Banking Act in respect of Treasury operations.
• Ensure strategic execution of Trading Activities within the agreed Risk Appetite and Portfolio Standards through appropriate engagement in the various committees as required.
• Seek to optimize revenue from Group trading activities.
• Timely and accurate input of all the deals concluded in the dealing system, and ensure deal information sent to the back office is in the required format.
• Assist in the department’s regular activities in the absence of other dealers.
• Effectively and collaboratively identify, escalate and resolve risk and compliance matters.
• Engage with all audit report findings, relevant to the Trading business and ensure feedback is acted upon.
• Liaise with Refinitiv and other service providers to ensure smooth operation of dealing resources

Customer (20%)

• Work closely with sales team and provide market color, views and intelligence to help them assess market conditions.
• Enhance the Bank’s image and profile in the regional markets and establish NCBA as a name player in the respective local debt markets and up-tier the Bank’s market presence.
• Ensure speedy and positive response to all requests from customers for a specific transaction, or for more general advice, or introduction to a more appropriate contact within the bank, whether or not the request is from the specifically allocated group of customers.
• Maintaining contact with key players in the industry and gathering information that is likely to affect financial markets.
• Ensure all relevant parties are kept abreast of key market developments.

Learning and growth (5%)

• Take up development programs to ensure continuous enhancement of competences of the members of the team, including self.
• Attend all scheduled trainings and complete all elearning modules.

JOB SPECIFICATIONS

Academic:

• University degree or equivalent

Professional:

• ACI Certification

Desired work experience:

• Min 4 years banking experience and min 3 years progressive experience in a busy treasury environment.
• A sound background and knowledge of banking with particular emphasis on Foreign exchange products and money market products.

JOB COMPETENCIES

Technical Skills

• Excellent understanding of Financial Markets products.
• Experience trading all permitted products under FX, MM and their derivatives
• Understand market drivers, market moves, and the numbers behind it all, as well as cross-asset implications
• Ability to determine appropriate product/pricing strategies.
• Good knowledge of operational and system user requirements for financial products

Interpersonal skills

• Personable and confident with the ability to converse professionally with clients
• Positive attitude and work ethic
• Ability to work independently and in a team environment
• Possess resiliency to work in a challenging and changing, highvolume, fast paced environment
• Ability to think globally, creatively, and to be innovative
• Maintain a sense of urgency and ability to execute quickly and efficiently
• Effective written/verbal communication skills