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Trader Global Markets (Dealer) job at NCBA Bank | Apply Now

Are you looking for Bank Jobs in Uganda 2024? If yes, then you might be interested in Trader Global Markets (Dealer) job at NCBA Bank

Kampala, Uganda

Full-time

Deadline: 

April 28, 2024 at 2:00:00 PM

About the Organisation

On 6th December 2018, it was announced that NIC Bank, an institution with a rich history of retail banking; and CBA Bank, a forerunner of innovation in the banking space, would be merging to form a new bank with unmatched strength, expertise and regional reach.

The new NCBA has harnessed the power of both NIC and CBA to create a bank that brings together the best of both worlds — from cutting-edge mobile banking to good old-fashioned relationship management; from scalable business banking to financial services that grow as your business does; from the best-in-class choice of products to investment solutions tailored to your specific needs.

Job Title

Trader Global Markets (Dealer) job at NCBA Bank

Job Description

To undertake proprietary trading in the permitted asset classes, as well as management of currency and interest rate positions that the bank holds.

The position holder will be responsible for independently handling and understanding risks associated with Treasury products such as FX Spot, Forwards & Swaps, FX Options, Non Deliverable Forwards, Rates trading and any other structured product within the approved risk appetite and portfolio standards.

The role should contribute to the organization through better pricing and risk management while providing an information service to the Group.

Duties and Responsibilities

Financial (55)

  • Responsible for the achievement of Global Markets Trading income targets as per set Budget objectives

  • Execute the laid down Trading strategy plan that is coherent the overall bank strategy within the approved risk appetite and portfolio standards.

  • Optimization of income through profitable sales of Foreign Exchange and other Treasury products to Corporate, IB and Retail clients.

  • Ensure revenue growth for the bank through cross selling of other bank products to meet financial targets as set by the bank.


Internal business processes(25)

  • Comply with requirements of all relevant risk management policies; the Bank’s Credit Policy, Bank of Uganda guidelines and appropriate provisions of the Banking Act in respect of Treasury operations

  • Ensure strategic execution of Trading Activities within the agreed Risk Appetite and Portfolio Standards through appropriate engagement in the various committees as required.

  • Preparation of Global markets daily and monthly reports; Alco and business reports

  • Effectively and collaboratively identify, escalate and resolve risk and compliance matters.

  • Engage with all audit report findings, relevant to the Trading business and ensure feedback is acted upon.

  • Grow the bank’s treasury portfolio by ensuring retention and acquisition of trading counterparties.

  • Seek to optimize revenue from bank trading activities.

  • Carry out fixed income trading activities for the FVPL book and advice on interest rate forecasts based on economic indicators.

  • Timely and accurate input of all the deals concluded in the dealing system, and ensure deal information sent to the back office is in the required format.

  • Provide timely and continuous product training to all RMs, branch staff and other business units across the bank.

  • Assist in the department’s regular activities in the absence of other dealers.


Customer (10)

  • Manage quality of portfolio of Trading products by improving current products and developing new ones to ensure the Bank’s dynamic responsiveness to the needs of targeted market segments.

  • Make prices in relevant products both to sales team for onward transmission to clients and other interbank counterparties.

  • Liaise with sales team on market movements and give appropriate advices so as to help add value to our clients.

  • Ensure all relevant parties (vertically and horizontally) are kept abreast of key market developments.

  • Prepare and deliver informative and objective market intelligence to customers via research, bulletins and face to face interface.

  • Ensure utilization of the E-channels.

  • Daily preparation of counter rates and distribution to relevant parties as well as posting on website.


Learning and growth (10)

  • Take up development programs to ensure continuous enhancement of competences of the members of the team, including self.

  • Attend all scheduled trainings and complete all e-learning modules.

Qualifications and Competencies

Academic:

  • University degree or equivalent


Professional:

  • ACI Certification


Desired work experience:

  • Minimum 3 years progressive experience in a busy Treasury environment.

  • A sound background and knowledge of banking with particular emphasis on Foreign exchange products and money market products.

Enroll for CPA Uganda Course

How to Apply

APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.

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