Head of Trading - East Africa at Citi

Markets East Africa is aspiring to be, and be recognized as the unmatched and most integrated Markets platform across the region using all our global competitive advantage to the full.

The Trading Desk Head is a senior level position responsible for managing the desk of Traders, and ensuring revenue goals are met. The overall objective of this role is to develop and implement a business plan that achieves targets set by the Regional Head of the business, while managing risk and ensuring controls are maintained.

Job Purpose:

• Responsible for managing Trading across the East Africa Cluster. This includes market making to the client franchise and management of the related market risks.
• Trade in the local and international FX markets with the objective of building consistent FX trading revenues within approved limits.
• Pricing and management of changing liquidity conditions.
• Manage FX exposures within approved Market Risk and counterparty limits.
• Provide high quality customer execution and service for all FX transaction
• Build the business to generate FX revenues of $ 25mm per year on a consistent basis.
• Trade ideas origination.
• Ensure that all the transactions are executed and booked within regulations and Citi policy
• Manage links into the local and London FX sales teams and clients
• Manage links into the London Hub FX team

Knowledge/Experience:

• More than Ten years work experience in a similar bank environment.
• Solid and profitable track record in a similar environment
• Client focused with existing client relationships in East Africa.(Offshore clients a distinct advantage)

Skills:

• Strong analytical understanding of the FX, Fixed Income and Money Markets globally and in East Africa
• Ability to adapt to market changes
• Strong economic and finance background
• Strong technical analysis background
• Ability to take risk
• Strong team player and ability to integrate
• Ability to engage and discuss markets events with clients

Qualifications:

• Economics ,Business ,Financial or other analytical/quantitative fields e.g. mathematics, engineering, sciences degree

Competencies:

• Results oriented
• Sound business judgment
• Integrity
• Ability to consistently work in a highly pressurized team
• Flexibility
• Customer focus
• Performance and execution driven
• Team player
• Respect and balance
• Accountability and ownership
• Respect for Compliance & Controls
• Commitment to learning

Specific Responsibilities:

Daily

• General oversight over the Trading business across East Africa
• Market making to the local FX sales team
• Daily commentary to the trading and sales desk.
• Idea origination
• Join client and internal chat rooms (within policy guidelines)
• Daily position and P&L reconciliation

Weekly/Monthly

• Joint client calling with Sales
• Participation and contribution in Markets calls
• Participation and contribution in Cluster and Regional Traders meetings