Job Description
KNOWLEDGE, SKILLS & EXPERIENCE REQUIRED
- Minimum 5 years trading knowledge of fixed income and foreign exchange products.
- Minimum ACI Certification. Any other related certification an added advantage
- Willingness to take measured risks.
- Proficiency for evaluating market conditions & responding quickly, proactively and positively.
- Good knowledge of foreign exchange guidelines, banking practices & local banking system
- Good analytical & decision-making skills.
- Ability to market & establish new relationships.
KEY RESULT AREAS
Customer Management
- Responsibility for the development, preparation, implementation and delivery of Trading strategic plan, working in close liaison with Director, Markets
- Identification of customer opportunities, in both FX and FI markets and grow the bank’s market share through growth of a robust and active trading counterparty list.
- Coordination of interbank trading relationships, corporate investors and issuers.
- External communication on trading related issues with Bank of Ghana, Ghana Stock Exchange and others as authorized.
- Identification of competitive threats and market opportunities, to feed into the Bank’s Trading strategy.
- Contribute to build and manage strategic partnerships with Financial Institutional clients as the bank seeks to grow its FI distribution business in Ghana.
- Work with Financial Markets Sales, to drive the growth of the bank’s FI sales business via increased wallet share of existing relationship, customer base expansion/new client acquisition, and driving the onboarding of new clients in the relevant segment.
- Manage relationships (internal/external) with Portfolio managers and other relevant officials of target clients in various FI sales client segments in a bid to meet client needs.
- Grow and manage relationships with offshore GHS Portfolio investors.
- Ensure that the bank’s policies and relevant credit limits are always adhered to.
- Act as the primary point of contact in ensuring the preparation and appropriate circulation of suitable market updates.
- Closing new to market FI and FX deals
- Develop and roll out new FI products and undertake market development activities.
Financial Management
- Fixed Income and FX Trading budget responsibility.
Corporate Governance
- AML and client appropriateness – To ensure the business meets its obligations on the prevention of money laundering under the Group Policy and Standards and under local laws and regulations.
- Good relationship with regulators with ability to contribute & where possible influence policy formulation. Keep abreast of all the changes in the global environment and give the regulators a good feel of our strategy & what we’re trying to achieve.
- To ensure adherence to proper conduct and professional behavior and adherence to relevant market codes of conduct for traders.
Risk Management
- Implementation of Risk & Control systems and processes (including compliance)
- Implementation of Trading & Revenue strategies within the confines of the approved Risk & Management limits
- Close Management of PV01 and NOP limits for maximum profitability
COMMUNICATIONS AND WORKING RELATIONSHIPS
Internal
- Head, FM Sales
- Head, ALM
- Business Units
- Treasury Operations
- Risk, Finance, & Other Support
External
- Interbank Counterparties
- Local Regulators
- Financial Institutions
Contributes to
- The formulation, development, preparation, implementation, and delivery of the Trading Strategic plan and revenue objectives.
- Risk Management of the trading activities within agreed parameters
Complexity / Judgement
Continuous judgment is needed with regards to the movement in external economic factors and their impact on the trading position taken.