Jobs Kenya

Develop, drive and deliver the East African Foreign Exchange business plan
Responsible for the management and governance of the strategic agenda for FX Trading East Africa
Work with respective product heads and businesses in supporting SCB’s overall strategy in East Africa
To efficiently manage the Foreign Currency Liquidity of the Bank.
To support the CIB, C&PB and RC businesses in increasing client turnover through a combination of pricing, quality of advise and marketing strategies.
Key Roles and Responsibilities
Strategy Set the strategic direction of and oversee management of performance across FX Trading East Africa
Develop FX Trading East Africa specific strategies which maximize shareholder value and are aligned to and in furtherance of the overall strategic direction of Financial Markets
Work with Product Heads to identify the initiatives to grow the FX business in East Africa
Align strategic plan and the shorter term business objectives with the availability of liquidity, capital and credit in line with the liquidity risk management approach for each country in East Africa.
Business Accountable for setting achievable FX Trading East Africa performance targets relating to revenue and costs.
Manage the implementation of FX Trading East Africa specific strategies and ensure that performance objectives and revenue goals are met and RWA targets managed.
Build stronger and deeper relationships with clients and government regulators by bridging silos across the other Products and Segments.
Enhance the Bank’s image and profile in the regional markets and establish SCB as a “name” player in the respective local debt markets and up-tier SCB’s market presence.
Active performance monitoring – spot areas of underperformance and take corrective action
Drive new product migration and implementation as necessary
Utilise Country MIS to drive results.
Ensure effective Balance Sheet management, liquidity and RWA across the East Africa region.
Together with the regional Head of FM, be accountable for operational Risk losses on the FX Trading East Africa.
Processes Accountable for establishing and maintaining frameworks to ensure FX Trading East Africa business processes are efficient, appropriate and compliant with all internal and external regulations.
Accountable for effective management of operational risks within FX Trading East Africa.
People and Talent Provide effective leadership to the East Africa businesses (jointly with product heads)
Build transparent and collaborative culture in which FX Trading East Africa’s incentives are based on support of Client Income with specific performance metrics on the Bank’s values.
Lead and reinforce strategic change and ensure the organization structure and people programs are aligned and geared towards the overall strategic direction of the FX Trading business in the region.
Provide leadership, mentoring and coaching to FX Trading East Africa team in order to ensure they are highly engaged and performing to their potential
Sponsor and develop role model best-practice people management in the areas of resourcing, talent development, performance management, learning and development.
Champion and act as a role model of the Group’s values and culture in the region.
Identification and selection of key critical hires and deployment of appropriate talents across FX Trading East Africa, to deliver the strategy, with a commitment to diversity and inclusion.
Risk Management Embed operational risk management and reporting as an integral part of the business process.
Ensure that adequate and appropriate systems and controls are in place to comply with Group and Business policies, procedures, standards and codes.
Monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to Risk Committees.
Ensure strategic execution of Trading Activities remains within the agreed Risk Appetite and Portfolio Standards through appropriate engagement in the various committees as required.
Accountable for FX Trading risk management and responsible for proposing Country (E.A) Portfolio Standards.
Achieve growth in a safe and well-controlled manner and on an end-to-end basis – incorporating infrastructure requirements and ensure that they are fit-for-growth.
Accountable for all escalation from FX Trading to FM Regional Head, Regional Business COO, Regional Segment and Product Heads or to other stakeholders in senior management, risk or control functions as appropriate.
Remain alert to the risk of money laundering and assist in the Bank’ efforts in combating it by adhering to the key principles in relation to: identifying and knowing our customers, reporting suspicions, safeguarding records and not disclosing suspicions to customers. Ensure to undertake training aimed at combating money laundering.”
Governance Promote an environment where compliance with internal control functions and the external regulatory framework is a central priority of the business
Establish, maintain and supervise the framework to ensure business functions under my area of responsibility comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the FM Code of Conduct
Manage the implementation of FX Trading East Africa specific strategies and ensure that performance objectives and long term economic profit (EP) goals are met
Ensure the overall targets relating to budget are cascaded to teams with appropriate product targets and performance delivery on targets is proactively managed
Engage with all audit report findings, relevant to the FX Trading business in the region and ensure feedback is acted upon.
Accountable for all escalation from FX Trading to Regional Head of FM and country and regional governance committees or to other stakeholders in senior management, risk or control functions as appropriate
Qualifications and Skills
5 -10 substantial experiences in the banking industry and financial markets, including demonstrated success in a similar role.
ACI certification is a must.
The incumbent should posses a sound knowledge of economics and should be able to apply it while interpreting data.
Extensive experience in Dealing and in Back office Operations. Computer skills are essential.
Must possess sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi cultural awareness and sensitivity
Ability to manage geographically dispersed and highly varied customer and product base
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