The Co-operative Bank of Kenya is seeking a Money Market Dealer to manage the bank's daily liquidity positions and execute various money market transactions to optimize funding. The successful candidate will be responsible for balancing Nostro and central bank accounts, investing surplus funds, and maintaining strategic relationships with interbank counterparties while ensuring strict adherence to regulatory standards.
Key Responsibilities
Manage daily liquidity positions, including balancing Nostro and central bank accounts.
Invest surplus funds and source funding via overnight deals, repos, Treasury Bills, and bonds.
Support funding requirements during liquidity shortfalls.
Execute money market, fixed income, and repo transactions within approved limits to meet targets.
Implement Treasury strategies across products and customer segments.
Monitor market conditions and interest rate movements.
Prepare treasury blotters, liquidity reports, and provide timely market updates.
Maintain strong relationships with interbank counterparties to secure competitive rates.
Keep internal stakeholders informed on prevailing market rates.
Ensure compliance with central bank regulations, internal policies, AML requirements, and market conduct standards.
Support Asset Liability Management (ALM) through funding mix optimization and interest rate risk management.
Contribute to balance sheet optimization initiatives.
Skills, Competencies, and Experience
A Bachelor’s degree in a business-related field.
ACI dealing certification is mandatory.
Treasury experience for a period of not less than 3 years.
Market knowledge of local and international events that will impact the movements of currencies and interest rates.
Strong analytical skills to understand various pronouncements by Central Bank and Government directives touching on the financial markets.
Quick decision-making and ability to work within a stressful environment with minimal supervision.
Ability to interpret various sources of data and collate the same into presentations from an economic and financial viewpoint.
Excellent communication skills both written and spoken and sound knowledge of macro-economic issues.
How to Apply
Interested and qualified candidates should apply online via the Co-operative Bank of Kenya recruitment portal by visiting the provided link: Apply Here. Alternatively, visit the official website at www.co-opbank.co.ke.
How to Apply
Interested and qualified candidates should apply online via the Co-operative Bank of Kenya recruitment portal by visiting the provided link: Apply Here. Alternatively, visit the official website at www.co-opbank.co.ke to submit your application.
