Fixed Income Securities Dealer at CITIBANK

Ref No: 18059541
Location: Lagos
Job Category: Trading
Schedule: Full-time

Job Purpose

• To actively trade in the inter-bank Treasury Bills and Bonds market on behalf of the Bank with the primary objective of enhancing revenues accruing to the Bank from trading and positioning in the Treasury Bills and Bonds market whilst adhering to limits.
• To coordinate trading activities and strategies in trading securities, bonds, treasury bills and repos.

Job Background/Context

• Daily risk taking and accurate position taking considering micro and macro-economic issues, interest rates and inflation. Look to expand customer business in conjunction with the Sales Team while using market information to ensure the set revenue target is met.
• Responsibilities also include ensuring that all regulatory requirements as a Primary Dealer Market Maker (PDMM) are met, market share on both primary and secondary markets and other qualitative regulations.

Key Responsibilities

• Primary responsibility for risk taking on Bonds and Treasury Bills, maintaining the trading blotter and managing positions.
• Daily position management and seeking for opportunities in the interbank market for outright and repos.
• Daily monitoring of trading limits, DV01, aggregate volume limits, tenor limits, value at risk limits and management action triggers.
• Point of contact with the key regulators, Debt Management office, Central Bank of Nigeria and associated settlement agencies, CSCS.
• Expected to track and collate fixed income securities data to support research and analytics as required by the bank.
• Coordinate fixed income securities trade with sales team.
• Support any mark to market trading initiative that may arise from time to time.

Qualifications
Knowledge/Experience:

• Prior work experience in Treasury and/or knowledge of fixed income securities
• Minimum of 4 to 5 years post qualification experience

Skills:

• Candidates must be confident, articulate, quick thinking and numeric.
• Must display high energy levels and drive
• Must display an affinity for risk taking
• Must be highly motivated and have a very competitive nature.
• Must be versatile enough to trade other products e.g. FX, money markets etc.

Qualifications:

• A B.Sc/ BA degree.
• An MBA will be an added advantage.
• Added advantage for candidates possessing relevant professional qualification e.g. CFA (Certified Financial Analyst)