TREASURY OFFICER ( DEALER) – 1 POSITION (HEAD OFFICE) DAR ES SALAAM

Azania Bank Ltd is among the promising local Banks that has been able to harness its growth potential by enhancing its client base through enhanced customer outreach and innovative products and services. These developments have in turn been creating employment opportunities. As for now, there exist vacancies at Head Office and branches for Tanzanians who are interested in joining well motivated workforce. the job vacancies are as follows:-

3. TREASURY OFFICER ( DEALER) – 1 POSITION (HEAD OFFICE) DAR ES SALAAM
Tasks and Responsibilities.
• Gather information and prepare multi currency market report and propose an appropriate currency and interest rates for the Bank
• Determine and advise management on the Bank’s daily cash and liquidity position
• Provide input into the monthly, quarterly and annual Treasury business plan
• Deal in interbank foreign exchange market, money markets and investment in Government securities as per internal guidelines
• Process and release all deal tickets relating to FX and MM transactions to the Back office
• Prepare daily, weekly and monthly trade reports
• To ensure cash and investments are well done in order to maximize income and minimize costs in line with Bank’s ALM policy
• Follow up the short-term funding requirements for bridge-financing and market presence purposes
• Initiate and develop new financial products to grow treasury income. This involves ensuring that working capital and cash resources are managed in a manner to optimize the returns whilst ensuring that funding is available to meet the operating and business requirements of the bank.
• Design daily, weekly and monthly cash flow projection of the Bank
• Analyze the currency and interest rate risks of the Bank
• Structure derivative products for risk management
• Currency exposure management - proactively maintain FX positions through daily monitoring of the Bank’s FX exposures to minimize the impact on the trading result and balance sheet of the bank from currency rate fluctuations
• Execute swap transactions to hedge Azania Bank Ltd currency and interest exposure
• Hedge the risks arising from foreign currency flows and transactions
• Maintain and ensure proper utilization of all Nostro accounts and explore prudent avenues of investing the idle cash.
• Follow up the Forex Open Position to be in the required regulatory levels and advise Management on active resolution of exceptional items.
• Cultivate and maintain working relationships with banks and counterparties to ensure proactive and comprehensive coverage across various markets and products;
• Prepare daily, weekly and monthly management reports on liquidity and rate outlook
• Inform and provide recommendations to the Treasury Manager of significant developments, emerging opportunities and challenges in areas of responsibility; and
• Identify Treasury business opportunities and recommend actions to be taken.

Qualification, Work experience and Competences
• A Bachelor’s degree in Finance, Accounting or Economics from a recognized University; Professional qualifications such as CPA, ACCA, CFA or MBA/Finance will be an added advantage; Must have work experience of minimum of 2 years in a commercial bank, with at least one year in Treasury operations; deep knowledge of Treasury operations at front office.
• Self-initiative and decisive, Attentive to detail, High standard of integrity, Ability to formulate and execute business strategies, Good communication and interpersonal skills.
General Information
Shortlisted candidates will be required to meet all costs associated with their attendance to the interviews. Please note also that successful candidates will be required to meet their relocation costs to duty stations.

Mode of Application
Azania Bank Limited is an equal Opportunity Employer. Applications must be attached with detailed resume, Copies of relevant certificates, names and addresses of at least two referees. Please provide telephone numbers and e-mail addresses of referees. The deadline for submission of applications is two weeks after the appearance of this advert.

Please note that only shortlisted candidates will be contacted.
Please apply in confidence to: MANAGING DIRECTOR,
AZANIA BANK LIMITED,
MAWASILIANO TOWERS,
SAM NUJOMA ROAD
P. O. BOX 32089
DAR ES SALAAM.
Tel No.: 2412025/26/27,
Fax No.: 2412028