The successful jobholder will be expected to develop, document, and implement the Trading Unit strategy based on fundamental and technical analysis in liaison with the Head of the Trading Desk. The role involves managing the bank’s Foreign Exchange (FX) position, monitoring statutory and internal limits, and carrying out market intelligence to establish market expectations on trends for key currency pairs. The primary goal is to trade in Foreign Exchange to achieve budgeted revenue targets while meeting customer needs for all currency transactions.
Key Responsibilities
Develop, document and implement the Trading Unit strategy based on fundamental and technical analysis in liaison with Head of Trading Desk.
Manage the bank’s FX position while monitoring statutory and internal limits.
Carry out market survey and intelligence to establish market expectations on trends for key currency pairs.
Trade in Foreign Exchange to achieve budget foreign exchange revenue.
Meet customer needs on all currency transactions.
Manage all Inter-Bank Foreign Exchange trading unit activities ensuring all procedures and policies are followed.
Actively contribute to improvements in quality/efficiency of treasury products delivery processes.
Handle position and profit reconciliations in liaison with Middle Office, Market Risk, Finance and Back Office departments.
Qualifications, Skills & Attributes
A Bachelor’s degree in any Business related field, mathematics or engineering.
At least four (4) years of general banking experience, with at least a minimum of 2 years in direct foreign exchange and money market trading and treasury operations.
Must be a Certified Foreign Exchange and Money market Dealer (ACI) and in possession of ACI dealing certification.
Good knowledge of risk management and its application to financial markets.
Thorough knowledge of the end-to-end processes of Treasury products and services.
Experience in using FX trading platforms.
Analytical skills and an excellent flair for numbers.
Good negotiation skills and an excellent team player.
Good understanding of micro and macroeconomics to interpret likely currency and interest rate trends both locally and on international markets.
Knowledge of local and international market events and their likely impact on currency and interest rates.
How to Apply
Interested and qualified candidates should apply online through the Co-operative Bank of Kenya official website. Visit www.co-opbank.co.ke or use the application portal link provided: Apply Here.
