• Take part in our Job Search Survey 2019. Get Started »
  • Job Vacancy at NIC Bank

  • Posted on: 9 August, 2018 Deadline: 17 August, 2018
  • View Jobs in Banking / Financial Services View All Jobs at NIC Bank Kenya
  • Subscribe to free job alerts
  • If you have not been getting our emails, check your Spam folder folder on Yahoo or Promotions tab on Gmail; mark us as Not Spam and add us to your contact list. Learn how to

    NIC Bank, whose full name is National Industrial Credit Bank, is a commercial bank in Kenya, the largest economy in the East African Community.

    Trading & Corporate Dealer


    Responsible to

    Head of Trading & Corporate sales

    Closing Date

    17th August 2018

    Purpose of the Position:

    Treasury is the financial heartbeat of the Bank, and therefore, the function ensures prudential and statutory-mandated management of the Banks’ Foreign exchange and Interest Rate risks.




    • Revenue Generation through Proprietary Trading
      • Proprietary trading in foreign currencies within the given parameters.
      • Drive Market making in USDKES and other currencies where applicable
      • To maintain exchange positions for the bank within the given parameters and ensure profitable covering of open merchant positions in the interbank markets.
      • Product development to hedge against exposure created by customer transactions e.g. spot, forward and swaps.
      • Keep track of exchange and interest rate movements in local and international markets while managing the bank’s position in accordance with the market trends.
      • Servicing currency requirements for NIC corporate clients and ensuring maximum returns from these relationships.
      • Maintaining contact with key players in the industry and gathering information that is likely to affect financial markets.
      • Provide competitive quotes to the FX sales team and cover client flows
      • Liaise with other subsidiaries on maximization of group trading income
      • Effective and timely reports to ALCO on foreign exchange trends and forecasts.
    • Treasury Sales
      • Identifying, targeting and marketing new FX customers with aim of growing our FX revenues.
      • Managing the NIC corporate portfolio and ensuring maximum returns from these relationships.
      • Providing innovative solutions to existing and potential customers to increase the wallet size.
      • Preparation and circulation of daily treasury bulletins and dissemination of any other market information or research material that is beneficial to relevant parties.
      • Cross-sell the banks products by introducing new names to any of the other business sections.
    • Operational management
      • Constant and effective monitoring of the banks foreign currency exposure to ensure internal and CBK policy limits are adhered to.
      • Accuracy of records, appropriate application of products and correctness of P&L position.
      • Positions and profit reconciliations in liaison with back office departments
      • Timely follow up on all reconciliation items
      • Timely renewal of Interbank & Customer Limits.
      • Liaise with Reuters and other service providers to ensure smooth operation of dealing resources.

    Direct Reports: _0_Staff

    Job Specifications (Ideal):

    Academic Qualifications:

    Bachelors degree in Economics or Business related field

    Professional Qualifications:

    ACI dealing Certificate

    Work Experience:

    • 3 years progressive experience in a busy Treasury environment.
    • Thorough understanding of the local and international financial services industry.
    • General banking experience.

    Skills Required:

    Technical skills

    • Financial analysis Skills: Ability to analyse market information and provide structured solutions.
    • Analytical business and investment appraisal Skills: Able to provide advice and cause/effect evaluation to support business decision making.
    • Technology Skills: High level of computer literacy.
    • Industry knowledge: Knowledge of foreign exchange markets and trends of major currencies.

    Personal attributes

    • Goal driven and results oriented: Enjoys being measured, and judged by financial and other performance targets.
    • Personal Ethics: Has a strong service ethic and demonstrates integrity in work and business contacts.
    • Communication Skills: strong evaluation, communication and reporting skills.
    • Interpersonal Skills: Builds relationships and networks easily with ability to interact with key contacts in finance sector.
    • Work balance: Ability to balance opposing business requirements as well as long and short term requirements independently.

    Working Relationships:


    • Across the organisation at all levels.
    • Director of Treasury, Chief Dealer and Head of Trading for any delegated duties


    • Competitors/Other leading Institutions – Market intelligence. To keep up with any developments in the Banking industry.
    • Regional and cross country- to ensure sharing of best practices across the organisation.
    • Service Providers – for provision and service of the tools of our trade. (Reuters)
    • Professional bodies. ACI –The Financial Markets Association of Kenya.

    Method of Application

    Interested and qualified candidates should send their applications and updated CV to hr_recruit@nicgroup.com, clearly indicating the role applied for on the subject bar not later than 17th August 2018.

    Contribute and learn from our job search data insights. Take our job search survey today.
  • ❮ Back to All Jobs
  • Know more about NIC Bank KenyaSimilar Jobs
  • Search for jobs by keyword
  • Job Openings at Barclays Bank
  • Program Associate at Village Capital
  • Senior Relationship Manager at Credit Bank Limited
  • Officer - Monitoring Applications at I&M Bank
  • Operations Audit at KCB Bank
  • Sales Team Leaders at Platinum Credit Limited
  • Macroeconomic Modelling Analyst at Equity Bank Limited
  • Summer Internship at Blue Haven Initiative
Advertise your training programs and courses on MyJobMag
  • Filter Jobs
  • County | Search by region instead




    Also include jobs without defined experience

    Job Title

Display your company or industry jobs on your website or blog Get Started
  « 1 Recently Viewed Job
Send your application through

Yahoomail Gmail Hotmail