| LOCATION
SUBJECT |
LAGOS
DESCRIPTION |
| Purpose/Job Dimension |
The job holder will manage the Assets and Liabilities, internal generation, and cash flows from maturing assets for maximum return on a current and forward basis consistent with the bank’s risk policies/appetite. |
| Key Roles and
Responsibilities
|
- Develop and execute strategies for profitable trading and positioning within acceptable risk criteria.
- Performs market research, analyses market conditions and works with clients to learn their financial goals.
- Ensure Bank maintains an active presence and maximizing opportunities in the FX market.
- Responsible for managing daily trading to ensure timely execution of the orders and confirming that they are in compliance with regulatory policies.
- Manage foreign currency trading positions and liquidity funding.
- Hedge against exchange and interest rate risks using derivative products.
- Trade in the Two-way quote market.
- Engage in arbitrage trading in the Investors and Exporters Window.
- Prepare foreign currency blotter and net open position report.
- Identifies and leverages opportunities by developing innovative trading ideas and making entry into new markets.
- Collate bids for CBN Special Secondary Market Intervention Sales (SMIS).
- Coordinate Retail and Corporate foreign currency sales.
- Take adequate position on FX trading within the pre-determined trading limits.
- Provide structures around the funding needs and excess liquidity of the various subsidiaries after considering carefully the various financial regulations peculiar to their geographies.
- Review frequently, the financial position of the subsidiaries to determine their liquidity levels and ensure optimal profitability of investment proposals.
- Drive the banks execution of structured deals and products that involved Repos and Cross Currency swaps after a careful assessment of the impact on the balance sheet structure and liquidity.
- Local & Foreign Currency Balance Sheet Analysis and a careful review of the movements in the relevant regulatory & internal ratios.
- Gaps & Cash flow Analysis, Balance Sheet Simulation Reports & other Ad hoc Executive summaries that may be required from time to time.
- Maintain close relationship with counterparties and regulatory authorities.
- Cross sale of the bank’s product to the Treasury customer base.
- Execute and provide efficient pricing on SWAPS, Futures, forward contract on behalf of the bank.
|
| Required Skills and Competencies |
- Strong analytical, numeracy and mathematical ability
- Meticulous record keeping
- Excellent communication and interpersonal skills
|
| Experience and Qualifications |
- Bachelor’s degree in Finance, or Business-related field. An MBA is an added advantage.
- A minimum of 7 years banking experience with at least 4 years in Treasury/FX trading.
- Excellent knowledge of Asset and Liability Management, Treasury Operations, Currency Trading Operations, Financial Analysis, Foreign Banking Operations, Risks in Foreign Exchange Transactions, Management Information Systems and Basic Accounting
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