Specialist: Trader
1 day ago
Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary
Take complete responsibility of the trader function for Portfolio Management team within CIB Global Markets. Bachelor’s degree with ideally post-graduate qualification/s in Investments/Portfolio Management/
Economics/Accounting/Alternative Investments/Risk Management (eg. SAIFM and CFA)3 to 5 years Investment Banking experience in similar role
**Job Description**:
Execution:
Primary execution in accordance with all policies, procedures and Economic Funding Plan
Secondary execution on beta protection and alpha generation activities
Interaction across Product, Coverage, PM and Treasury across CIB
Booking of transactions that facilitate accounting and ongoing deal management and most importantly taking into account complete understanding of deal economics and approvals / checklists (including CPs)
Input to Credit Reviews based on ongoing deal management
Execute subsidy on a deal level against policy
Position Monitoring:
Trader P&L interrogation at a position and portfolio level
Complete understanding on ongoing management and interrogation of key risk measures ie. DGs, LGDs, RWA, Limits, Utilisation and reported/recorded data against the underlying portfolio exposures
Monitoring and full understanding of the drivers for Market Risk measures such as, NOP, PV01, CS01, Bid/Offer & Price Testing and initiate any remedial activity
Management Information:
Provide MI on a deal level, built up to a portfolio view in terms of Risk and P&L
Review sustainable forecasting and agree/negotiate on future budgeting
Stakeholder engagement
Contribute effectively, efficiently and professionally on all product related activities with all stakeholders within Absa Group while assessing opportunities to develop new products.
Effectively communicate developments within areas of activity to all relevant internal and external stakeholders.
Develop and maintain good working relationships with internal and external business partners
Education
Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_
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