Senior Dealer-Trading at SBM Bank

Job Purpose:

Reporting to the Head of Trading in the Financial Markets Division, the job incumbent will be responsible to trade in different asset classes including FX, Rates, Credit and Commodities in order to generate revenue for the Bank, within the limits of the risk management policy of the bank and regulatory limits as set by the Central Bank.

Key Responsibilities:

• Perform proprietary trading in various different asset classes and derivatives
• Market Maker in giving pricing to various interbank and financial institutional clients on FX Derivatives and structured products
• Manage profit and loss of the Bank’s currency portfolio, via the use of FX spot, forward and options
• Actively trade the interest rates in major currencies
• Carry out product development and structuring
• Identify and quantify risk associated with any derivatives product bank undertakes to trade
• Use advanced technical and fundamental analysis to establish proprietary trading positions with a view to generate profits
• Recommend ideas and design potential strategies related to trading of different asset classes
• Provide market and trading feedback to Sales Team and clients
• Monitor and review transactions to verify accuracy and ensure that they are in conformance with the Bank’s limits as well as Central Bank guidelines and limits
• Manage relationships with Interbank counterparties, both local and international
• Carry out training dealers of Financial Markets Division
• Perform any other-related duties as may be required

Qualifications, Experience & Skills:

• Graduate/Professional Qualification in Finance/Mathematics/Financial Markets and/or any other relevant field
• At least 7 years of relevant experience
• Postgraduate qualification/MBA in a relevant field will constitute a definite advantage
• ACI Qualification will be an added advantage
• Proven track record with relevant credit assessment abilities and use of derivatives
• Target oriented, practical, and committed for developing the business
• Excellent analytical, strategy & business planning skills
• Strong leadership & people development capabilities
• Excellent organisational, communication, interpersonal skills
• Solution provider and proactive attitude
• Self-motivated and able to work in a dynamic environment

Closing: Thursday, 22nd September 2022.