Job Purpose Statement
Responsible for Forex Sales and trading.
Execution of the bank’s foreign exchange business strategy by foreign exchange dealings with designated clients to achieve the foreign exchange income.
Achieve Forex income budget allocated on a yearly basis.
Foreign exchange exposure adherence as per the Bank’s policies and regulatory compliance.
Collaborate with Corporate and Retail business teams to close forex transactions.
Assist with growth of Forex clientele and Forex volumes at the bank.
Co-ordinate all forex related activities in the department.
Assist with all other treasury functions as required.
Key Responsibilities
Financial
Achieve Forex income budget allocated on a yearly basis.
Grow forex sales transactions and volumes in conjunction with the Business teams
Optimize Forex profitability
Effectively manage the foreign exchange risks arising out of exposures for all traded currencies in the department.
Propose product development to enhance forex income and volumes
Customer
Ensure seamless and timely service to all forex customers.
Designated client calls and visits in conjunction with Business teams to ascertain each clients Forex requirements, patterns and plans.
Collaborate with Corporate and Retail business teams to close forex transactions.
Initiate and develop new customer pipeline in line with the New to bank customers strategy.
Actively market bank products to new and existing clientele.
Maintain and enhance client relations and Treasury Inter bank relations.
Internal Business Process
Local and foreign market news dissemination.
Ensuring that Forex Board rates and website rates are updated on time.
Ensuring timely booking of all Forex transactions, and accurate posting by the Branch/Operations back-office teams.
Daily FX reporting to Head of Treasury.
Client visit call report submission to Head of Treasury.
Adhering to internal Treasury policy guidelines, protocols, procedures and limits.
Ensure strict adherence to the Kenya FX Code and risk control guidelines.
Functional responsibilities
Reporting to Head of Treasury all Forex desk activities.
Adhering and working within allocated dealing limits.
Provide ongoing training to RMs, branch staff and business teams as well as monitoring Business teams performance on Forex income.
Teamwork and multi-tasking with the Treasury dealers’ team.
Requirements
Job Specification
Professional qualifications in a business-related field.
Minimum of 4 years’ experience in a Bank Treasury on Forex dealing.
ACI Dealing Certificate or Professional Qualification in Banking related disciplines would be an added advantage.
Proficiency in Microsoft Office Suite, data analytics
Reuters Refinitiv and FXT trading platform knowledge and experience.
Experience in Money Market, Fixed Income Trading and other Treasury functions will be an added advantage.
Comprehensive understanding of foreign currency trading dynamics.
Good understanding of the Global and the Kenyan markets.
Strong customer negotiation and retention skills.
Strong Sales and trading management skills.
Strong knowledge of Treasury products.
Good Customer Service / Relationship Management.
Strong negotiation skills.
Oral & Written communication and research skills.
Financial and Analytical mindset
Profit income-oriented mindset
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