HEAD OF TRADING - National Bank of Commerce (NBC)

Reporting to: Head of Treasury
Dar es salaam
Job Level:VP

Job Purpose:
To be accountable for the Treasury Trading team, focusing on executing the mandate ofTrading Book Portfolios.
Ensure that all risks are managed under the portfolio in line with the dealing mandates and the relevant policies and procedures

Outputs:
Developing and executing trading strategies in line' with the
Treasury strategy, the NBC Tanzania trading strategy, and the trading mandate.
Approving execution of trading strategies
Anticipating market development and identifying trade opportunities with risk-adjusted superior returns
Ensuring that the daily transactions and trading activities conform to the set business unit goals and objectives
Working closely with the trading desk and sales to support the roll out of Risk Management Products (RMP's)
Reviewing and evaluating the performance of individual traders based on business development, income, relationships with counterparties and the regulator, and efforts in growing the trading franchise
Keeping up to date with market intelligence and market movements and regularly updating the treasurer, the sales team, and the broader treasury team
Generating a daily flash PGL by the cut off time as advised by
NBC Tanzania
Establishing excellent working relationships with bank counterparties and the regulator (as is appropriate)
Risk Management and reporting 20%
Outputs to deliver this accountability:
Driving the annual planning and review of trading STP, RAF, and MTP budgets
Giving input on and approving dealer mandates for further approval by the head of treasury prior to .submission to risk
Reviewing daily risk and eGL reports
Personal development 10%
Outputs to deliver this accountability:
Actively managing one's own and the team's technical and soft skills development
Researching, identifying and proposing training solutions to senior management for one's own and for the teams development
Perform all other duties reasonably assigned'
Formal Learning Required
A Bachelor degree
Computer literacy
Preferred Qualifications
ACI Dealing Certificate
Experience Required
3-5 years related experience.

Preferred experience
Market Making experience
Management experience
Trading experience
In- depth trading knowledge/ experience of local market rates and FX products
Knowledge, Expertise and Experience
Understanding of the policies, procedures and ethical
Requirements of a Treasury environment
Leadership skills
Good money management skills
Understanding of treasury operational processes and controls
Excel competency
Understanding of mathematics of pricing for FX and

Money markets
Understanding of political and economic activity and the impacts on exchange rates and interest rates

APPLICATION INSTRUCTIONS:

NBC IS AN EQUAL OPPORTUNITY EMPLOYER
Applicants are invited to submit their CV's, copies of certificates,
2 referees and their contacts to;
Grace Mgondah Casmir
Senior Human Resources Business Partner
National Bank of Commerce (NBC)
7th Floor, NBC House
P.O. Box 1863
Dar es Salaam