Rand Merchant Bank

Banking + 2 more

Fixed Income and Foreign Exchange Dealer

Job details

Contract Type

Description

Qualifications and Experience

  • Minimum of a 2nd class degree in a relevant course

  • At least 7 years of trading experience with a thorough knowledge of and experience in foreign exchange in Nigeria, fixed income markets, and structuring would be an advantage.


Responsibilities
  • The successful candidate will be responsible for the following:

  • Transact foreign exchange and fixed income trades on the bank’s own account in the knowledge of customer-based transaction flows and in anticipation of future changes in the market, making use of associated products where relevant to the trading product

  • Provide a product trading service to markets customer segment sales staff to meet customer needs at competitive prices

  • Contribute to building the bank’s reputation in the local and international market through personally always demonstrating a high level of professionalism, developing mutually beneficial working relationships with counterparties, internal stakeholders, clients, regulators etc.

  • Manage the transaction-based risks generated in trading, by working within the established parameters and rules appropriate to the trading product (trading limits, hedging, mark-to-market, delegated authority, etc)

  • Adopt a sales approach if and where appropriate, for all counterparties where their relationship to RMB is essentially that of a customer.

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