Vacancy title:
Treasury Dealer

Jobs at:
China Commercial Bank

Deadline of this Job:
20th September 2018

Duty Station:
Dar es Salaam, Tanzania

Summary
Date Posted: 6th August 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

About the Company

Introduction Founded in 2013, China Commercial Bank is a full-service bank with offices in Dar es Salaam Tanzania. The bank currently operates in Dar es Salaam with one initial branch, but with aggressive plans of expanding nationwide, regionally across Africa, China and the rest of the world. We provide a wide spectrum of corporate, SME and retail banking solutions to meet the needs of our customers. China Commercial Bank specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. The bank also offers an extensive portfolio of value-added solutions for customers, capital markets, global treasury management, transaction banking and other online services.

JOB DETAILS:

Objective of the position

To maximize the banks’ profits through;

• Effective management of liquidity of the bank.

• Effective management of deposits and investments in the balance sheet,

• Trading in foreign exchange and domestic money markets (interbank, customers and branches).

• Responsible for promoting, controlling and coordinating the Bank’s international and domestic Global Markets business to maximize profitability and improve/maintain the Banks image as a proficient operator.

Key responsibilities

• Market Knowledge (economic fundamentals)

• Develop interbank counterparty list in order to enhance access to liquidity

• In-depth knowledge of Dealing Systems and functions

• Need to keep up to date with current financial market developments, including economical & political, both local and international

• Self-development and acquiring knowledge of all Treasury Products traded in the local market

Manage & Execute trading book/Managing & trading risk

• Borrow from or lend to other Financial Institutions within approved limits as set by the Bank.

• Construct rates and volumes for Treasury Bills, Bonds, and other Govt. Stock tenders.

• Manage all exposures within approved limits.

• Managing the banks overall currency positions within the prescribed limits and thresholds.

• Monitor interest rate risk, bank’s liquidity, liquid asset portfolio and deposit mismatch

• Responsible for foreign exchange flow trading and daily trading of customer-based foreign exchange positions within limits to maximize profits

• To ensure the bank is correctly funded at all times and at the most cost-effective rates to maintain maximum interest turn.Trading of money market instruments – Treasury bills and bonds, commercial paper, corporate bonds, etc.

Client interface/sales (Deal execution, relationships, client margins)

• Business Development and networking internally and externally
• Ensure excellent service to customers via branch and Corporate relationship managers
• Execute ALM requirements based on the liquidity position within the framework of ALCO policies.
• Managing and educating our clients in the correct manner of dealing, in both the foreign exchange and domestic markets.
• Need to make decisions on foreign exchange and money market rates and margins quoted to clients via branch and Corporate relationship managers.
• To assist with the effective marketing of treasury products and services with a view to increasing our market share and customer base.
• To maintain counterparty exposure within agreed limits thereby ensuring the Bank is not exposed to unnecessary risk.
• To maintain the statutory liquidity requirements for the Bank and maximize the return.
• To swiftly quote accurate, competitive and cost effective rates, in the Foreign Exchange and Domestic Money Markets – interbank and customers, thereby maximizing profitability.

People Management

• Monitor and oversee team activities.
• Constantly motivate & develop the dealing team, encouraging effective team work
• Build strong team relations with other teams in the Bank; Branch, Corporate, Back office operations, Risk, Audit, etc.

Management

• To be instrumental in setting the annual budgets in conjunction with the Management Team and thereafter achieving the profit targets set by the Head of Finance & Treasury and Bank’s budget.
• To maintain the highest degree of professionalism and dealing ethics.
• Taking informed calculated risks within the foreign exchange and domestic market, within the prescribed dealing limits, with a view of generating additional profits.
• Being up to date with financial, economic and political circumstances and to apply the analysis of this information to existing positions or to create new positions_._
• Preparation of monthly management reports for the purpose of ALCo/EXCo and Board reporting.

Qualifications & experience

• A tertiary qualification with a bachelor degree in Accounts, Finance or any related business degree.
• ACI Dealing certification
• A good appreciation and knowledge of Risk Management, covering Operational Risk, Market Risk and Credit Risk.
• A good understanding of macroeconomics and current economic trends.
• A good working knowledge of Bloomberg and Reuters dealing systems
• ALCO Management.
• Excellent working knowledge of foreign exchange and money markets, and an intermediate understanding of other treasury products.
• Must have past experience and ability of quoting prices to interbank customers, corporate and retail customers.
• The individual must have the interest and motivation to gain an understanding of the local conditions, as well as the other different cultures.
• Treasury and banking background and of at least 5 years’ experience in Forex and Money Market trading.
• Understanding of the Tanzanian Banking and Financial Institutions Act, and in particular Liquid Asset Requirements. The role holder will have good appreciation of other laws and pronouncements relevant to banking.

Personal attributes

• Always on the lookout for new opportunities of generating income.
• Excellent interpersonal skills
• Excellent negotiation skills
• Excellent time management skills
• Proficient in MS Office (Excel, Word, PowerPoint)
• Self-motivated, and initiative to work with minimal supervision
• Strong command of English, spoken and written
• Strong interpersonal and communication skills (verbal and written).
• The individual must have the interest and motivation to gain or enhance an understanding of the local conditions, as well as the many different cultures.
• The individual must maintain the highest degree of professionalism and dealing ethics.
• The individual should be innovative and in possession of excellent presentation and people management skills.
• Self-motivated with the ability to take initiative and work effectively under pressure Special liaison
• In a highly specialized sophisticated market, the jobholder is the main liaison between the customers and the bank.
• The position requires the incumbent to make decisions, sometimes involving millions of Dollars, on the spur of the moment, which if not based on sound judgment, could expose the Bank to substantial exchange/interest losses

Special liaison

• In a highly specialized sophisticated market, the jobholder is the main liaison between the customers and the bank.
• The position requires the incumbent to make decisions, sometimes involving millions of Dollars, on the spur of the moment, which if not based on sound judgment, c

CCB seeks to hire a Treasury Dealer to assist in maximizing the banks’ profits