SBM Bank Senior Officer - Money Markets Jobs in Kenya

SBM Bank Senior Officer - Money Markets Jobs in Kenya

Job Summary:

The job holder is responsible to manage short term liquidity of the Bank and maintain the Bank’s cash reserve ratio on a daily and monthly basis as per Central Bank of Kenya guidelines and to fulfil the funding requirements of the Bank.

Key Responsibilities:

The dealer should be able to deal all MM instruments within the approved limits and at appropriate market rates.

Ensure Cash reserve ratio is at the stipulated rates on a daily basis and at the end of every cycle in keeping within regulatory requirements.

To determine appropriate daily funding levels (bids) in accordance with agreed strategy and borrowing appetite of the bank and project funding position for a week ahead. In addition, balance the daily cash position ensuring all surplus funds are appropriately invested

Fund the bank’s nostro accounts, central bank account and always ensure there are sufficient funds to meet all the client’s needs at any time.

To accurately input all transactions on the Treasury Management System (Cash Projection and CRR projections) on a timely basis.

To produce daily Front Office reports on a timely basis.

To ensure that all transactions are undertaken in accordance with Bank policy and within policy limits at all times.

To balance the daily cash position ensuring all surplus funds are appropriately invested or any deficit is funded accordingly at reasonable rates.

To produce a daily schedule of upcoming funding and liquidity maturities.

To develop and produce management information on the performance of the liquidity or funding portfolios.

Ensure compliance with statutory, regulatory and bank policy in relation to individual dealing activity

To assist the Treasurer in researching additional investment or funding instruments.

To assist in the continued development of multi-currency funding, investment and hedging activity.

Ensuring sensitive and confidential data is managed appropriately at all times, encrypted and password protected as directed by policies

Ensuring potential or actual breaches of IT and information security policies and procedures are escalated immediately

Promote brand awareness through meetings with CBK and other counterparty Money Market teams.

Dealer is proxy to the Spot trader and bond trader

Academic and Professional Qualifications:

Bachelor’s Degree in a relevant field from an accredited University with a Finance Major or any other related discipline.

Professional qualifications in ACCA/CPA/CFA/ ACI dealing certificate also desirable

Proficiency in Microsoft Office Suite.

Work Experience:

Minimum of (1) year relevant experience for degree holders and (2) years relevant experience for diploma holders.

Skills and Competencies:

In-depth knowledge of money markets and financial instruments.

Good understanding of macro-economic indicators and their practical implications on money market.

Ability to communicate at all levels.

Knowledge/experience of FX contracts, debt capital markets, securitization, covered bonds, asset & liability management techniques, IAS 39.

Able to contribute innovative ideas to improve the performance of the Treasury function and to assist in core business development and meet targets.

Ability to cooperate with fellow employees and work closely as a team player within the department, marketing department, customer service and treasury back-office.

Good time management & multi-tasking skills.

Ability to handle pressure & stress of market volatility during trading, excessive workload and extra responsibilities.

Good analytical skills and problem solving skills.

Excellent negotiating and interpersonal skills.

How to Apply

For more information and job application details, see; SBM Bank Senior Officer - Money Markets Jobs in Kenya

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