Foreign Exchange Trader Job at KCB Bank
Reporting to the Head of Trading, the Foreign Exchange Trader will trade in the Inter-Bank Trading in SPOT, SWAP and forward FOREX instruments in order to generate income from FX Trading.
- Drive foreign currency trading in major currencies- proprietary trading.
- Drive Market making in USDKES and other currencies where applicable.
- Provide competitive quotes to the FX sales team and cover client flows.
- Counter party Limit exposure management.
- Ensure Technical analysis for profitable position taking.
- Build and maintain productive and strategic relations with counter parties, regulators customers, Sales, ALM, Traders and stakeholders to drive the development and delivery of business solutions and revenue growth for the portfolio.
- Interpretation of market fundamentals for proper positioning of the spot, swaps and forward books.
- Gather market intelligence and offer advisory to the other desks on global and regional markets.
- Ensure accurate bookings and trade confirmations.
- Positions and profit reconciliations in liaison with market risk, finance and back office departments.
- Liaise with other subsidiaries on maximization of group trading income
- Ensure compliance to the Bank’s policies, procedures, limits and regulatory requirements.
- Bachelor’s Degree in any Business related field from an Institution recognised by Commission of Higher Education
- Certified Foreign Exchange and Money Market Dealer (ACI).
- Master’s Degree in Business related field will be an added advantage.
- A Bachelor’s degree preferably in a business related field or Mathematics.
- Possession of ACI dealing certification
- At least Five (5) years’ experience in busy Dealing room and must have:
- Experience in client quoting, market making and managing Spot, Swaps.
- Experience in using FX trading platforms.
- Thorough understanding of local and global market regulations applicable to foreign exchange.
- Good understanding of various limits that apply to FX Trading and knowledge of risk management and its application to financial markets.
- Thorough Knowledge of the end-to-end processes of Treasury products and services
- Should have excellent high quality interpersonal, communication and negotiation skills with the ability to network and strong business relations.
- Should be innovative in identifying develop and harnessing new and existing opportunities for hedging/trading to maximize business revenue.
- Analytical skills and excellent flair for numbers.
How to Apply
The above position is a demanding role for which the Bank will provide a competitive remuneration package to the successful candidate. If you believe you can clearly demonstrate your abilities to meet the criteria given above, please log in to our Recruitment Portal and submit your application with a detailed CV.
To be considered your application must be received by Tuesday, 18th December 2018
Qualified candidates with disability are encouraged to apply.
Only short listed candidates will be contacted
NB: In the event that you are invited to interview for any position, we will require that you provide us with the following documents:
- National I.D.
- KRA Pin Card
- Birth Certificate of self
- Passport Photo (White Background)
- NSSF Card
- NHIF Card
- Police Clearance Certificate (less than 5 Months old)
- Academic and Professional certificates, including official transcripts
- Certificates of Service from previous employers as applicable