Junior Trader - First National Bank

purpose

To generate income for the bank by providing a platform for clients to execute their required trades in the market efficiently. To monitor the Spot, Forward & Trade exposure with local and international banks, trading in foreign exchange and domestic Money Markets (interbank, customers and branches) and assisting the Chief Dealer in achieving/performing his/her duties.

responsibilities

• Consider fixed income/commodity/currency pricing requests from clients and construct a price which is suitable to buy and sell while strictly adhering to limits and monitoring market exposures on a daily basis.
• Approve daily profit and loss from accounts department; resolve any outstanding issues speedily.
• Manage customer portfolios by maintaining and growing turnover.

• Maintain the highest degree of professionalism and dealing ethics at all times.
• Build an in-depth knowledge of the client by staying abreast of changes within the customers business with a view of creating new business opportunities. Manage good relationship with other price makers in the market.
• Manage client maturity profile on bond futures by assisting with funding positions to the latest most liquid expiry month. Forecast and monitor liquidity profile.
• Manage cash and unencumbered asset positions and optimize liquid asset portfolio.
• Manage funding requirements in line with limits provided by risk department and group treasury.
• Keep abreast of market developments and proactively keep clients up to date with current market conditions.
• Understand and manage credit exposure to clients, together with how this equates to pricing.
• Manage the threat from competitors and outsourcing companies to retain customers and turnover/profitability.
• Manage and price money market deals for various clients.
• Have a good working knowledge of all vanilla derivative products.
• Continuously assess own performance; keep abreast of learning opportunities and changing trends in your business environment, seek timely and clear feedback and request training where appropriate.

experience and qualifications

• Minimum BCom or equivalent graduate degree as well as RPE and JSE qualification; Financial and/or Mathematical Degree advantageous.
• ACI accredited.
• Minimum 3-4 years working experience; Minimum 1-2 years trading-related experience.