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Head of Trading at NBC Bank Limited

AJIRA LEO
National Bank of Commerce
Jobs in Tanzania 2024: New Job Vacancies at National Bank of Commerce (NBC) 2024

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National Bank of Commerce (NBC) Jobs 2024

Head of Trading
Head of Trading at NBC Bank Limited May 2024
locations Head Office NBC
time type Full time
job requisition id R-15964737
NBC
is the oldest serving bank in Tanzania with over five decades of
experience. We offer a range of retail, business, corporate and
investment banking, wealth management products and services.

Job Summary
To be accountable for the Trading and
related functions, focusing on executing all FX, FI, Rates Other, XVA
and Credit trading, as may be relevant, whilst achieving income and
business unit growth objectives.

Ensuring the traders undertake the following:
1. The generation of trading income with the objective of achieving income and business unit growth objectives.
2. The provision of pricing to the interbank market and to the sales dealers.
3.
Ensuring that that all risks are managed under the respective
portfolios according to the dealing mandate and the respective policies
and procedures (adherence to market risk limits, credit risk limits,
tenor limits, etc).
3. Implement annual trading strategy and develop local trading business

Job Description​
KEY RESPONSIBILITIES AND DELIVERABLES
TRADING – 70%
Key actions include:

  • Developing
    and executing trading strategies in line with the NBC Markets strategy,
    the ARO Markets strategy, and the trading mandates
  • Approving the execution of trading strategies
  • Anticipating market developments and identifying trade opportunities with risk-adjusted superior returns
  • Ensuring that the daily transactions and trading activities conform to the set business unit goals and objectives
  • Working closely with the Africa trading desk and Africa Sales to support the roll out of new products and asset classes
  • Reviewing
    and evaluating the performance of individual traders based on business
    development, income, relationships with counterparties and the
    Regulator, and efforts in growing the trading franchise
  • Keeping
    up to date with market intelligence and market movements and regularly
    updating the Head of Markets, the sales team, the Balance Sheet
    Management team and the broader Treasury & Markets team
  • Generating a daily flash P&L by the cut-off time as advised by the policies, standards and guidelines
  • Establishing excellent working relationships with bank counterparties and the Regulator (as is appropriate)

RISK MANAGEMENT – 20%

Key actions Include:

  • Driving the annual planning and review of trading budget
  • Giving
    input on and approving dealer mandates for further approval by the Head
    of Treasury & Markets prior to submission to risk
  • Reviewing daily risk and P&L reports
  • Ensuring adherence to limits – both internal and external as well as compliance with all Regulations, Policies and Standards

PERSONAL AND TEAM DEVELOPMENT – 10%

Key actions to include:

  • Actively managing one’s own and the team’s technical and soft skills development
  • Researching, identifying and proposing training solutions to senior management for one’s own and for the team’s development

Read Also:

KEY QUALIFICATIONS AND EXPERIENCE REQUIRED
Essential:

  • 3-5 years’ worth of related experience
  • ACI Dealing Certificate or Equivalent
  • Trading experience
  • Market Making experience

Preferred:

  • Management experience
  • In-depth trading knowledge / experience of Rates, FX & RMP products
  • ACSI

Qualifications

  • Analytical
    Thinking – Advanced (Meets all of the requirements), Bachelor`s Degrees
    and Advanced Diplomas – Business, Commerce and Management Studies,
    Decisiveness (Meets all of the requirements), Digital familiarity (Meets
    all of the requirements), Entrepreneurial thinking (Meets all of the
    requirements), Experience in a similar environment at management level,
    Investment Management (Meets all of the requirements), Openness to
    change (Meets some of the requirements and would need further
    development)

Deadline: 2024-05-31.

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