Group Manager, Trading at Ecobank Nigeria

JOB PURPOSE

• Working within the Group Treasury & FICC business of the Bank, the Group Manager, Trading will play a critical leadership role in managing and optimizing trading activities within the organization.
• This position involves overseeing the execution of trading strategies, managing market risks, and ensuring compliance with regulatory guidelines.
• He/she will work collaboratively with cross-functional teams to contribute to the overall success and financial well-being of Ecobank.

JOB CONTEXT

• This role reports to the Group Head, Treasury & Head FICC and oversees all Trading activities across the Group (affiliates and entities – where applicable).
• He/she will be responsible for leading and managing the bank's trading activities across all asset classes, including foreign exchange, fixed income, and derivatives.
• The incumbent will work closely with a team of traders to develop and implement trading strategies, execute trades, and manage risk exposure.
• The incumbent will also be responsible for overseeing the bank's trading infrastructure and ensuring that it meets all regulatory requirements.

KEY RESPONSIBILITIES

Trading Strategy and Execution

• Develop and implement effective trading strategies aligned with the bank's risk appetite and financial objectives.
• Execute trades in various financial instruments, including but not limited to currencies, fixed income, and derivatives.

Risk Management

• Assess and manage market risks associated with trading activities.
• Implement risk mitigation strategies and ensure compliance with risk management policies and procedures.

Market Analysis and Research

• Stay abreast of global and regional market trends, economic indicators, and geopolitical events.
• Conduct thorough market research to inform trading decisions and identify emerging opportunities.

Regulatory Compliance

• Ensure adherence to relevant regulatory requirements and reporting standards.
• Collaborate with compliance and legal teams to address regulatory concerns and implement necessary changes.

Stakeholder Collaboration

• Collaborate with internal stakeholders, including Risk Management, Finance, and Operations, to align trading activities with overall business strategies.
• Build and maintain relationships with external partners, brokers, and counterparties.

Team Leadership

• Provide strong leadership to the trading team, fostering a culture of excellence, collaboration, and continuous improvement.
• Develop and mentor team members, promoting skill development and career growth.

Performance Monitoring and Reporting

• Develop and implement key performance indicators (KPIs) to measure the success of trading strategies.
• Provide regular reports to senior management on trading performance, risk exposure, and compliance metrics.

Technology Integration

• Stay informed about advancements in trading technologies and recommend upgrades or implementations to enhance efficiency and effectiveness.

QUALIFICATIONS & EXPERIENCE

• Bachelor's degree in Finance, Economics, or a related field. MBA or relevant postgraduate qualification is a plus.
• 10 years of progressive experience in trading within the financial industry, with a focus on global markets.
• Strong understanding of financial instruments, market dynamics, and risk management principles.
• Proven leadership experience, with the ability to inspire and manage a high-performing team.

COMPETENCIES & BEHAVIOURS

• Results-oriented with a focus on achieving measurable outcomes.
• Flexibility/adaptability to change.
• Strong analytical and organizational skills.
• Excellent analytical and decision-making skills, with the ability to thrive in a dynamic and fast-paced environment.