Jobs at CDL Human Resource

Job Purpose Statement

• Responsible for Forex Sales and trading.
• Execution of the bank’s foreign exchange business strategy by foreign exchange dealings with designated clients to achieve the foreign exchange income.
• Achieve Forex income budget allocated on a yearly basis.
• Foreign exchange exposure adherence as per the Bank’s policies and regulatory compliance.
• Collaborate with Corporate and Retail business teams to close forex transactions.
• Assist with growth of Forex clientele and Forex volumes at the bank.
• Co-ordinate all forex related activities in the department.
• Assist with all other treasury functions as required.

Key Responsibilities

Financial

• Achieve Forex income budget allocated on a yearly basis.
• Grow forex sales transactions and volumes in conjunction with the Business teams
• Optimize Forex profitability
• Effectively manage the foreign exchange risks arising out of exposures for all traded currencies in the department.
• Propose product development to enhance forex income and volumes

Customer

• Ensure seamless and timely service to all forex customers.
• Designated client calls and visits in conjunction with Business teams to ascertain each clients Forex requirements, patterns and plans.
• Collaborate with Corporate and Retail business teams to close forex transactions.
• Initiate and develop new customer pipeline in line with the New to bank customers strategy.
• Actively market bank products to new and existing clientele.
• Maintain and enhance client relations and Treasury Inter bank relations.

Internal Business Process

• Local and foreign market news dissemination.
• Ensuring that Forex Board rates and website rates are updated on time.
• Ensuring timely booking of all Forex transactions, and accurate posting by the Branch/Operations back-office teams.
• Daily FX reporting to Head of Treasury.
• Client visit call report submission to Head of Treasury.
• Adhering to internal Treasury policy guidelines, protocols, procedures and limits.
• Ensure strict adherence to the Kenya FX Code and risk control guidelines.

Functional responsibilities

• Reporting to Head of Treasury all Forex desk activities.
• Adhering and working within allocated dealing limits.
• Provide ongoing training to RMs, branch staff and business teams as well as monitoring Business teams performance on Forex income.
• Teamwork and multi-tasking with the Treasury dealers’ team.

Requirements

Job Specification

• Professional qualifications in a business-related field.
• Minimum of 4 years’ experience in a Bank Treasury on Forex dealing.
• ACI Dealing Certificate or Professional Qualification in Banking related disciplines would be an added advantage.
• Proficiency in Microsoft Office Suite, data analytics
• Reuters Refinitiv and FXT trading platform knowledge and experience.
• Experience in Money Market, Fixed Income Trading and other Treasury functions will be an added advantage.
• Comprehensive understanding of foreign currency trading dynamics.
• Good understanding of the Global and the Kenyan markets.
• Strong customer negotiation and retention skills.
• Strong Sales and trading management skills.
• Strong knowledge of Treasury products.
• Good Customer Service / Relationship Management.
• Strong negotiation skills.
• Oral & Written communication and research skills.
• Financial and Analytical mindset
• Profit income-oriented mindset

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OPERATIONAL RISK

• Embed the Operational Risk Management Framework and associated policies and procedures within all units of the bank.
• Planning, scheduling, and conducting Risk and Control Self-Assessment (RCSA) and control testing for business and support functions, products, and projects.
• Maintain risk registers for risk entities, ensuring that ownership, action plans are clear, and the progress of action plans is being made in accordance with the remediation plan.
• Review Key Risk Indicators (KRIs) in liaison with the risk entities and escalate any KRI breaches.
• Review new products and processes in line with the new product procedures and as necessary conduct Post Implementation Reviews (PIRs).
• Conduct ORM bank wide risk assessments.
• Periodic training program on various risks that the bank faces to embed knowledge of policies and procedures and a robust risk culture across the business.
• Local and International Regulatory Reporting including but not limited to the Central Banks of Kenya and Egypt.

BUSINESS CONTINUITY

• Manage the Business Continuity Management program working closely with the various departments and risk teams.
• Ensure annual Business Impact Analysis and Risk Assessments are carried out for all departments and documented BCPs are in place and updated in line with the bank’s BCM Policy, Prudential Guidelines and International best practice.
• Schedule, coordinate and execute Business Continuity and Disaster Recovery annual tests for critical business processes and systems and document test results including lessons learnt and maintain a central repository for all tests. Coordinate follow up on actions arising from lessons learnt to their logical conclusion.
• Periodically update the bank’s business continuity / crisis management plan, facilitate simulation exercises as stipulated in the BCM policy and support committee accordingly during disruption events.
• Periodic Training of staff on BCP processes and standards.
• Conduct BCM risk assessment for key bank projects as well as oversee any BCM projects.
• Ensure Business Continuity Policy and Procedures are updated regularly to align to emerging Risks and/or changes in the operating environment, the bank’s Strategy, and best practices.
• Any other official duty that relates to Business Continuity Management may be allocated by management from time to time.

Requirements

Education

• Holds a bachelor’s degree in Business, Accounts, Finance, Computer Science, Information Systems or a related field.
• Risk certification (ORM, ISO 22301, CISA) is an added advantage.
• Master’s degree is an added advantage.

Experience

• At least two (2) years of relevant experience in Operational Risk / Enterprise Risk Management and Business Continuity Management.
  Experience in Audit / Compliance / Disaster Recovery and Operational Resilience is a plus.
• Excellent understanding of bank products, processes and systems that support them.
• Computer literacy: use of Ms Word, Excel, Access, PowerPoint, Internet and email.