Ecobank Banking Jobs in Ghana
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To execute and manage trading activities in fixed income and foreign exchange markets, ensuring optimal profitability, risk management, and compliance with regulatory and internal policies.
JOB CONTEXT
The role supports the bank’s liquidity, investment, and market-making objectives .
Key Duties And Responsibilities
- Take adequate positions for Fixed Income and FX products within pre-defined trading limits.
- Assist the Head, Trading in the management of the FI/FX positions of the Bank
- Implement trading strategy for profitable trading and positioning at acceptable risk levels
- Drive Trading activities towards attainment of financial targets.
- increase new products and initiatives in the marketplace with the objective of improving profitability.
- Assist in developing and marketing new Treasury/Financial Products of the Bank
- Position Ecobank as a market maker in available fixed income and FX products
- Monitor positions of the Treasury Sales Unit and cover the positions intraday and at the end of each trading day
- Determine Forward Forex Rates & SWAP points to assist in trading Forward Foreign Exchange Contracts/FX SWAP transactions
- Negotiate and execute Foreign Exchange transactions for the Bank
- To continually monitor market information and react to its impact on trading activities
- Ensure compliance with departmental policies/procedures
- Keep abreast with Bank of Ghana net open position requirements and adherence to them, and address all Bank of Ghana and Internal Audit issues
- Write reports on Treasury operations periodically
- Monitor market trends, economic indicators and geo-political developments
- Provide inputs to the preparation of annual budget for the Treasury Department
- Any other duties that may from time to time be assigned by the Head,-Trading.
- Identify relevant trading opportunities on the market for execution.
- Price and quote available instruments and FX for profitable trading and to ensure that the bank is positioned as a market maker in these instruments.
- Closely follow MATs (Market Access Triggers) when hit and report to Head, Trading for prompt action plan.
- Ensure compliance with role holder trading limits.
- Provide input for the preparation of the Trading unit budget
- Monitor business performance on an ongoing basis vis-å-vis budget and take proactive measures to achieve it.
- Ensure that necessary steps are taken to address regulatory and internal control guidelines.
- Identifying profitable commercial papers on the market for investment.
- Build models for valuing fixed-income securities
- Adhere to Stop losses/gains as defined in the Price Risk Limits.
- Develop links with local pension fund managers, brokers and bank traders
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FINANCIAL MANAGEMENT
- Meet Trading Unit budget
- Assist in meeting the Treasury Sales budget
Complaince To Ecobank & Other Local Regulations
- To ensure complete adherence to all ECOBANK’s compliance and regulatory requirements.
- To maintain high standards in terms of compliance and internal process ensuring complete adequacy to Audit requirements.
- To maintain good relationship with regulators.
- To keep abreast of the changes in the business and regulatory environment.
- To ensure adherence to proper conduct and professional behaviour.
Primary Relationships
INTERNAL CONTACTS
- Head, Global Markets
- Head, Trading
- All Traders, Treasury Sales Officer and Liquidity managers
- Branches and businesses
EXTERNAL CONTACTS
- Dealers of other Banks / Financial Institutions
- Local regulators
- Securities Industry Practitioners
Competency And Skill Requirements
- In depth knowledge of the FI and FX products.
- Should be fully conversant with all operational aspects of the Treasury department.
- Ability to work as a team player
- Good analytical and decision-making skills.
- Ability to take quick decisions, ability to be reactive.
- Ability to work quickly and accurately under pressure.
- Mathematics and computer skills are required.
- Confident
- Intuitive
COMPLEXITY AND JUDGEMENT
- Should be able to react quickly to any opportunity and take immediate steps to convert it into deals.
- Should be able to advise the Head, Trading on an ongoing basis about market conditions and trends so that appropriate strategies are put in place.
- Freedom of decision-making. Should be able to fully operate within trading and counterparty limits put in place.
- Should be able to adjust trading margins quoted with the objective of securing the overall business.
- Multi-cultural and diverse people environment.
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