Consolidated Bank Forex Dealer Job

Consolidated Bank Forex Dealer Job

Consolidated Bank is Kenya’s SME bank of choice that provides flexible financial solutions that support our customers in achieving success.
The Bank is well positioned, with presence in majority of the country’s business hubs to continually offer pleasant and convenient services.
We seek to recruit a qualified, experienced, competent and highly motivated individual for the following open vacancy:

Forex Dealer

Overall Purpose: Reporting to the Head of Treasury the successful candidate will be responsible for generating revenue through active trading and management of the various treasury products while mitigating underlying risks, to ensure growth of the bank’s forex business on a sustainable basis.

Key Responsibilities

• Pricing of clients’ currency transactions as requested by the Corporate dealer.
• Identifying and employ the most appropriate currency trading strategy for the bank.
• Manage FX exposure and maintain bank balances on deposit in foreign banks to ensure funding for foreign exchange position settlement.
• Negotiate prices for purchase and sale based on demand, supply, and stability of currency.
• Refer to international bank market rate to determine foreign exchange rates.
• Establish local rates based upon international bank rates, size of transaction involved, stability of market, and bank’s balances available to fund customer requirements.
• Monitor FX positions and cover exposures and funding requirements as per the bank’s policies.
• Monitor international bank market rates to determine foreign exchange rates for the retail business.
• Keep up to date with market information and monitoring trends in currency pairings.
• Assist the Back Office department with settlement queries as required.
• Prepare reports as and when required.

Minimum Qualifications and Experience

• A Degree in Commerce, Finance, Banking or other related subject.
• Be a member of ACI Kenya
• Four years treasury expertise in analysis and trading in various forex market instruments
• Experience in foreign exchange interbank trading.
• Expertise in use of Bloomberg, Reuters and/or other dealing platforms,
• A Sound knowledge of business at both corporate and industry level, along with a firm understanding of economic principles, financial markets and instruments.
• Possession of an ACI dealing certificate will be an added advantage.

How to Apply

Interested and suitably qualified individuals should forward their applications, enclosing copies of their academic and professional certificates, detailed CV indicating work experience, daytime contacts and addresses of 3 professionally relevant referees to reach the undersigned by Friday, 22nd May 2015.

Applications should be addressed to:
The Head of Human Resources
Consolidated Bank of Kenya Ltd
P.O. Box 51133 – 00200
Nairobi

Consolidated Bank is an equal opportunity employer.
Only successful candidates will be contacted.