Senior Dealer: Money Market
3 months ago
**Job End Date**
- 09 October 2024**Job Purpose**
- To proactively identify funding (placement, distribution, and trading opportunities) within the Money Market industry from the Corporate client base and ensure adherence to the JIBAR code of conduct with regards to deal execution. To implement the Asset Liability committee (ALCO) funding strategy to meet the relevant regulatory requirements (LCR, NSFR, LTFR etc.) and ensure that the bank is appropriately funded.**Responsibilities**:
- Management and culture:
- Create a client service culture
- Protect the integrity of the bank’s funding curve
- Raise cash/liquidity for the bank by engaging the bank’s institutional clients
- Ensure a pro-active and co-ordinated approach to enable the team to consistently deliver great client experience and maximise value for Nedbank CIB
- Encourage innovative idea generation
- Support the achievement of business strategy, objectives, and values by reviewing Nedbank and business unit plans and ensure that delivered systems, processes, services, and solutions are aligned
- Client and Sales:
- Build sound professional relationships with clients by organising/tailoring client networking functions and signature events, as well as arranging roadshows for synthesis and funding countrywide
- Develop trusting internal relationships by communicating with internal stakeholders e.g., informing them of current and expected cashflows, market intelligence, pricing, hedging and client specific information and obtain buy-in for developing new and/or enhanced processes
- Establish and maintain collaborative relationships with industry stakeholders through network building and communication
- Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and add value to Nedbank and client
- Obtain Management Information System (MIS) data for decision making by generating reports and spreadsheets to manage risk, credit exposures, limits, regulatory, compliance and other requirements.
- ALCO Strategies:
- Ensure implementation of ALCO strategies
- Assist the bank in obtaining SPT2.0 commercial funding market share target over the next 3 years
- Ensure that funding raised does not negatively impact internal LCR metrics
- Development:
- Uplift the skills of the funding and liquidity team by mentoring and training others.
- Ensure all personal development plan activities are completed within specified timeframe
- Share knowledge and industry trends with team during formal and informal interactions
- Essential Qualifications - NQF Level- Advanced Diplomas/National 1st Degrees
- Preferred Qualification- Relevant honours degree- Preferred Certifications- ACI Dealing certificate and/or SAIFM- Minimum Experience Level- At least 3 years experience in Money Markets, with working knowledge on interest rate hedging, derivatives and fixed income in a dealing room environment.**Technical / Professional Knowledge**
- Change management
- Communication Strategies
- Data analysis
- Industry trends
- Principles of project management
- Research methodology
- Cluster Specific Operational Knowledge
- Business Acumen
- Governance, risk and controls
- Conduit Placement
- Behavioural Competencies- Customer Focus
- Decision Making
- Initiating Action
- Advancing Sales Discussions
- High-Impact Communication
- Sales Negotiation
**Employment Equity Statement**
- Preference will be given to individuals from underrepresented groups- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_
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