Chief Dealer - Treasury (Banking) at Westfield Consulting

Purpose / Job Dimension

• 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.

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

Required Skills and Competencies:

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