Money Market Trader

7 days ago

Johannesburg, South Africa FirstRand Full time

About us, purpose, experience and qualifications

**about us**:
**purpose**:

- To execute daily treasury operations with a focus on money market instruments to optimise funding mix and funding cost while ensuring risk and liquidity levels are aligned with the overall strategy of the bank.**experience and qualifications**:

- Relevant Business Science Postgraduate Degree in Finance, Economics, Accounting, Engineering or Maths
- Relevant MBA or Masters in Business Science, Finance, Economics, Accounting, Engineering or Maths
- 3 to 5 years product, finance, or trading money markets experience in a financial industry environment, of which 1 to 2 years ideally at a junior specialist level
- Knowledge Required
- Bloomberg, Murex and Excel
- Market Analysis
- Competencies
- Analytical Thinking
- Judgement and Decision-making
- Negotiation and consensus building
- Resilience and Stress Management
- Verbal and Written Communication
- Business Insight and Risk Awareness
- Commercial and Financial Acumen
- Consulting and Advising
- Mathematical Acumen
- Organisational Awareness
- Customer Focus**additional requirements**:
**responsibilities**:

- Collaborate closely with relevant business units and FNB product houses as per strategy to identify revenue opportunities
- Drive opportunities for revenue growth and cost reduction such as adoption of digital and other self service options across client base
- Ensure full understanding of customer needs to deliver a quality service
- Ensure customer service solutions are aligned to the business operational plan; Organisational values and service standards
- Communicate how customer service solution will be implemented and secures buy-in
- Ensure product knowledge and advice is technically accurate and provide customers with relevant information to keep them informed of products and service options
- Esnure resolution of customer queries and complaints timeously and ownership of issues
- Analyse customer feedback to help improve customer service
- Propose ideas to improve customer service
- Conduct Treasury Bills, Call trades, NCD’s, FRN, Prime linkers and other short term interest rate products as part of the desk mandate
- Liaise with the Risk team in designing trade architecture, trading policies and procedures, as well as trading record keeping
- Develop business relationships with counterparties and investors to maximise credit lines from the market
- Prepare periodic analysis of the desks cash flows, assets, and liabilities as well as market developments
- Contribute to plans for growing the funding base and other businesses of the bank
- Perform various compliance-related tasks to ensure the Trading desk remains compliant with policies, procedures, and regulations
- Act as the project-lead for all trading processes initiatives, working with systems technology, risk, and other peers, to drive initiatives to completion
- Understand all Money market and Fixed income instruments to optimise cross sell ability within the related trading desk
- Liaise with various banks and institutional clients on money markets
- Monitor and project daily cash positions and execute money market transactions to ensure the funding mix and funding cost are in line with the bank's strategies and liquidity and interest rate risks are within pre-set risk
- Ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability
- Ensure implementation of relevant policies, governance and practice standards across the business
- Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements
- Ensure compliance is adopted in terms of systems and procedures as laid out by organisation and review in response to audit findigns and changes
- Develops an understanding of risks and risk management approaches
- Implement and provide input into the development of governance and compliance procedures and processes within area of specialisation and identify risks
- Educates others and makes suggestions for improvements
- Networks and participates in specialist risk forums where required
- Implement, monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountability
- Ensure the development, alignment, mapping and implementation of end-to-end processes aligned to the customer journey map
- Research, enable and consult on improvements and opportunities to harness technology and platform enablement
- Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancy
- Monitor customer feedback reports and align processes to maximise efficiencies

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