FX Trader at Co-operative Bank of Kenya

Reference number: FXD/FSD/2024

The role

The successful jobholder will be expected to:

• Develop, document and implement the  Trading Unit strategy  based on fundamental and technical analysis in liaison with Head of Trading Desk.
• Manage the bank’s FX position while monitoring statutory and internal limits.
• Carry out market survey and intelligence to establish market expectations on trends for key currency pairs.
• Trade in Foreign Exchange to achieve budget foreign exchange revenue.
• Meet customer needs on all currency transactions
• Manage all Inter-Bank Foreign Exchange trading unit activities ensuring all procedures and policies are followed.
• Actively contribute to improvements in quality/efficiency of treasury products delivery processes.
• Handle position and profit reconciliations in liaison with Middle Office, Market Risk, finance and back office departments.
• Support the training program of Trainee & Junior dealers in the unit

Qualifications, Skills & Attributes

The successful jobholder will be required to possess the following qualifications:

• A Bachelor’s degree in any Business related field, mathematics, or engineering
• At least four (4) years of general banking experience, with at least a minimum of 2 years in direct foreign exchange and money market trading and treasury operations
• Be a Certified Foreign Exchange and Money Market Dealer (ACI) and in possession of ACI dealing certification.
• Good knowledge of risk management and its application to financial markets.
• Thorough knowledge of the end-to-end processes of Treasury products and services.
• Experience in using FX trading platforms.
• Analytical skills and excellent flair for numbers.
• Good negotiation skills and an Excellent Team Player.
• Good understanding of micro and macroeconomics to interpret likely currency and interest rate trends both locally and on international markets.
• Knowledge of Local and international market events and their likely impact on currency and interest rates