FX Trader at Ecobank Kenya

KEY RESPONSIBILITIES

POSITION MANAGEMENT

• To ensure that the Group’s approved NOP and regulatory NOPs are adhered to.
• To ensure trading is restricted to approved currencies, tenor and products
• Ensure that trading is professionally conducted
• Ensure Stopped loss and profit taking levels are adhered to.
• Develop platform to build client relations and coordinate customer relationships in the Inter-bank market.
• To establish and maintain regular contacts with customers and regulators. 
• Identification of trading opportunities, both in-country and regionally.
• Identification of area as well as in-country competitive threats and market opportunities, to feed into overall trading strategy.
• To set up revenue streams by introducing products such as Proprietary FX Trading.
• To monitor business performance on an on-going basis vis-à-vis budget and take pro-active measures to achieve it.
• To ensure that necessary steps are taken to address regulatory and internal control guidelines. 
• Identification of area as well as in-country competitive threats and market opportunities, to feed into overall trading strategy.
• To set up revenue streams by introducing products such as Proprietary FX Trading.
• To monitor business performance on an on-going basis vis-à-vis budget and take pro-active measures to achieve it.
• To ensure that necessary steps are taken to address regulatory and internal control guidelines.

FINANCIAL MANAGEMENT

• Delivery of Country Trading budget.
• To provide direction and migrate best practices

COMPLIANCE TO BANK & LOCAL REGULATIONS

• To ensure complete adherence to all of ECOBANK’s compliance and regulatory requirements.
• To maintain high standards in terms of compliance and internal process ensuring complete adequacy to Audit requirements.
• To ensure the business meets its obligation in terms of client appropriateness and suitability of product supply.
• To maintain good relationship with regulators.
• To keep abreast of the changes in the business and regulatory environment.

EDUCATION & EXPERIENCE

• An ACI dealing certificate is a MUST based on CBK regulation
• Master's degree in Finance, Economy or Business Administration
• Master' degree from Engineering School
• Master's degree from Business School
• Strong knowledge of customer engagement and lead concretization
• Ease of personal communications and attention to detail is a must

COMPLEXITY & JUDGEMENT

• FX and Money Market rate management in order to secure the optimum spreads without loss of business.
• To be able to analyse and interpret market news with a view to provide quality service and inputs to clients and other business units.
• To be able to analyse market trends and information and take steps to further grow business.
• To exert sound judgement as to expand customer base within appropriate regulatory and KYC environment.
• Multi-cultural and diverse people environment.