Chief Dealer, Treasury (Banking) at Westfield Consulting

The job holder will manage the Assets and Liabilities, internal generation, and cash flows from maturing assets for maximum return on a current and forward basis consistent with the bank’s risk policies/appetite.

Key Roles and Responsibilities

• Develop and execute strategies for profitable trading and positioning within acceptable risk criteria.
• Performs market research, analyses market conditions and works with clients to learn their financial goals.
• Ensure Bank maintains an active presence and maximizing opportunities in the FX market.
• Responsible for managing daily trading to ensure timely execution of the orders and confirming that they are in compliance with regulatory policies.
• Manage foreign currency trading positions and liquidity funding.
• Hedge against exchange and interest rate risks using derivative products.
• Trade in the Two-way quote market.
• Engage in arbitrage trading in the Investors and Exporters Window.
• Prepare foreign currency blotter and net open position report.
• Identifies and leverages opportunities by developing innovative trading ideas and making entry into new markets.
• Collate bids for CBN Special Secondary Market Intervention Sales (SMIS).
• Coordinate Retail and Corporate foreign currency sales.
• Take adequate position on FX trading within the pre-determined trading limits.
• Provide structures around the funding needs and excess liquidity of the various subsidiaries after considering carefully the various financial regulations peculiar to their geographies.
• Review frequently, the financial position of the subsidiaries to determine their liquidity levels and ensure optimal profitability of investment proposals.
• Drive the banks execution of structured deals and products that involved Repos and Cross Currency swaps after a careful assessment of the impact on the balance sheet structure and liquidity.
• Local & Foreign Currency Balance Sheet Analysis and a careful review of the movements in the relevant regulatory & internal ratios.
• Gaps & Cash flow Analysis, Balance Sheet Simulation Reports & other Ad hoc Executive summaries that may be required from time to time.
• Maintain close relationship with counterparties and regulatory authorities.
• Cross sale of the bank’s product to the Treasury customer base.
• Execute and provide efficient pricing on SWAPS, Futures, forward contract on behalf of the bank.

Required Skills and Competencies    

• Strong analytical, numeracy and mathematical ability
• Meticulous record keeping
• Excellent communication and interpersonal skills

Experience and Qualifications    

• Bachelor’s degree in Finance, or Business-related field. An MBA is an added advantage.
• A minimum of 7 years banking experience with at least 4 years in Treasury/FX trading.
• Excellent knowledge of Asset and Liability Management, Treasury Operations, Currency Trading Operations, Financial Analysis, Foreign Banking Operations, Risks in Foreign Exchange Transactions, Management Information Systems and Basic Accounting