FX Trader at Co-operative Bank of Kenya
- Published date: January 8, 2024
- Category: Administrative & Office
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- Location: Nairobi, Nairobi
- Jop type:
- Salary: Ksh Not mentioned
- Company name: Jobs in Kenya
Job Description
Reference number: FXD/FSD/2024
The role
The successful jobholder will be expected to:
- Develop, document and implement the Trading Unit strategy based on fundamental and technical analysis in liaison with Head of Trading Desk.
- Manage the bank’s FX position while monitoring statutory and internal limits.
- Carry out market survey and intelligence to establish market expectations on trends for key currency pairs.
- Trade in Foreign Exchange to achieve budget foreign exchange revenue.
- Meet customer needs on all currency transactions
- Manage all Inter-Bank Foreign Exchange trading unit activities ensuring all procedures and policies are followed.
- Actively contribute to improvements in quality/efficiency of treasury products delivery processes.
- Handle position and profit reconciliations in liaison with Middle Office, Market Risk, finance and back office departments.
- Support the training program of Trainee & Junior dealers in the unit
Qualifications, Skills & Attributes
The successful jobholder will be required to possess the following qualifications:
- A Bachelor’s degree in any Business related field, mathematics, or engineering
- At least four (4) years of general banking experience, with at least a minimum of 2 years in direct foreign exchange and money market trading and treasury operations
- Be a Certified Foreign Exchange and Money Market Dealer (ACI) and in possession of ACI dealing certification.
- Good knowledge of risk management and its application to financial markets.
- Thorough knowledge of the end-to-end processes of Treasury products and services.
- Experience in using FX trading platforms.
- Analytical skills and excellent flair for numbers.
- Good negotiation skills and an Excellent Team Player.
- Good understanding of micro and macroeconomics to interpret likely currency and interest rate trends both locally and on international markets.
- Knowledge of Local and international market events and their likely impact on currency and interest rates
Method of Application
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