FX Trader at Standard Chartered Bank

Job ID: 445158
Location: Nigeria - SCB

Job Description
Purpose: To trade in the Foreign Exchange markets for a designated product range, (Spot and Forward foreign exchange) pricing transactions and managing short-term positions, in order to maximize trading profits at acceptable risk.

Key Roles & Responsibilities

•     Provide a product trading service to GM customer segment sale staff, to meet customer needs at competitive prices.
•     Contribute to building the bank’s reputation in the local and international foreign exchange market through personally demonstrating a high level of professionalism at all times, and through developing mutually beneficial working relationships with agents, advisors, counter-parties etc.
•     Transact foreign exchange trades on the banks 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.
•     Manage the transaction-based risks generated in trading, by working within the established parameters and rules appropriate to the trading product (trading limits, stop loss, hedging, mark-to- market etc.)
•     Dealing with branches or branch related foreign exchange deals and monitors the dealing position.
•     Adopt a ‘sales’ approach if and where appropriate, in the case of smaller counter-parties, where their relationship to SCB is essentially that of a customer.
•     To relieve other Dealers as necessary to ensure smooth functioning of the Dealing Room.
•     Share relevant market, customer and counter-party intelligence with colleagues in the SCB network in order that the group derives maximum benefit from its networking potential.
•     Obtain maximum business benefit from using the Information Technology systems available for effecting and recording transactions.
•     Interact with the back office staff in order to acquire the knowledge needed for job performance.
•     Ensure you remain alert to the risk of money laundering and assist in the Bank's efforts in combating it by adhering to the key principles in relation to:' identifying your customer, knowing your customer, reporting suspicions, safeguarding records and not disclosing suspicions to customers.

Qualifications & Skills

•     Minimum of a 2nd Class degree in a relevant course
•     Sound knowledge of Economics is required in order to be able to interpret data and make appropriate trading decisions.
•     Should be computer literate.
•     Good mathematical and analytical skills with ability to make speedy and accurate decisions under pressure.
•     Good interpersonal and communication skills, must be a team player.
•     Knowledge of Central Bank of Nigeria’s exchange control regulations