Senior FX Trader at Absa Bank Limited

To provide specialist advice & support in area of specialisation; enabling the provision of sound pricing and execution of trades, maximising assets and minimising financial risk.

Job Description

Purpose of the role:

To be accountable for FX and FX FWDS trading, focusing on executing the separate and distinct mandates as they relate to the Trading Book Portfolio. Ensuring that all risks are managed under the separate portfolios in line with the respective dealing mandates and the respective policies and procedures, with special focus being placed on the management of the Investment portfolio, funding and liquidity and trading income.

Main Accountabilities & Time Split:

Markets:

To be accountable for the Markets function, focusing on executing all FX and FX-Swap Trading, as may be relevant, whilst achieving income and business unit growth objectives.

Ensuring the traders undertake the following:

The generation of FX Trading and FX FWDS in line with the overall objectives and aspirations of the Markets business. The provision of pricing to the Interbank market and to the Sales dealers.

Ensuring that that all risks are managed under the respective portfolios according to the dealing mandate and the respective policies and procedures (adherence to market risk limits, credit risk limits, tenor limits).

Trading – 70%

Key actions to include:

• Executing trading strategies in line with the overall Markets strategy, the Absa Africa trading strategy, and the trading mandate
• Anticipating market developments and identifying trade opportunities with risk-adjusted superior returns
• Ensuring that the daily transactions and trading activities conform to the set business unit goals and objectives
• Working closely with the Africa trading desk and Africa Sales to support the roll out of Risk Management Products (RMP’s)
•  Keeping up to date with market intelligence and market movements and regularly updating the treasurer, the sales team, and the broader treasury team
• Generating a daily flash P&L by the cut-off time as advised by Absa Africa Trading
• Establishing excellent working relationships with bank counterparties and the regulator (as is appropriate