Reporting to the Director – Treasury Division, this position is responsible for formulating and driving FX Trading strategies, profitability, maintain relevant market share in collaboration with the other units within Treasury, other businesses, subsidiaries and will interact with other enabling functions of the Bank. The Head of FX Trading plays a pivotal role in driving overall treasury strategy to grow income from FX solutions to customers through pricing guidance, trading in FX Spot, Swaps, Forwards, and other derivative products as per approved limits in line with ALCO guidelines. This strategic leadership position involves developing and implementing effective strategies to grow traded volumes, counterparty relationships and manage key stakeholder partnerships- internal and external. The Head of FX Trading will lead and develop a team of FX traders with capabilities to meet partner needs and drive achievement of performance targets.
Key Responsibilities
- Develop and execute strategies for all FX trading activities in line with overall treasury business strategy.
- Proactively manage proprietary trading activities in G10 currencies, structured products, Swaps, Forwards, Options, among other treasury products.
- Proactively manage USDKES trading activities profitably including market making in the interbank market.
- Retain and grow existing offshore, local, and regional counterparts for growth in traded volumes in USDKES, regional currencies, G10 currencies and other products.
- Collaborate with subsidiaries by providing support to cover their FX needs through proactive collaborations.
- Drive cross- selling initiatives through optimal pricing and appropriate spreads, give ideas on existing and new products to existing and new clients to support growth in FX business.
- Develop and maintain strategic partnerships with internal and external stakeholders and maintain good liaison with regulators on market development issues.
- Provide leadership, coach, train, mentor and motivate the Trading team to ensure high level performance, team growth and development is achieved.
- Provide input to the ALM team on funding and fixed income trading strategies.
- Update internal teams and clients on industry, global and local macro-economic happenings, regulatory changes to ensure that opportunities are optimized.
- Risk Management – Ensure risks are appropriately managed and compliance with Bank’s policies, procedures, and regulatory requirements is achieved.
- Management of provision of relevant MIS to other internal departments.
The Person
For the above position, the successful applicant should have the following:
- A University degree in Business, Finance, Economics, or its equivalent from a recognized institution.
- Professional qualification in CPA, ACCA, CFA, ACI Dealing Certificate will be an added advantage.
- Master’s degree in finance or business-related field field from a recognized institution is an added advantage.
- 10 years’ experience in FX Trading.
- 8 years’ experience in Treasury Sales or Fixed income Trading.
- Excellent Financial Analysis and Performance Management
- 8 years’ Experience in Treasury Operations.
- Excellent Decision-making skills.
- Excellent interpersonal skills and a strong team player.
- Highly motivated individual that exhibits the Bank’s core values of Closer, Connected and Courageous.
The above position is a demanding role for which the Bank will provide a competitive remuneration package to the successful candidate. If you believe you can clearly demonstrate your abilities to meet the criteria given above, please log in to our Recruitment portal and submit your application with a detailed CV.
To be considered your application must be received by Wednesday 13th March 2024
Qualified candidates with disability are encouraged to apply.
Only short-listed candidates will be contacted.
