RECRUITMENT AT NATIONAL BANK OF COMMERCE , 12/18/2015

NATIONAL BANK OF COMMERCE (NBC)
VACANT

Job Title: Head of Trading
Job Grade: VP
Reporting to: Head of Treasury & Markets
Location: Head Office, Dar es Salaam

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

Trading
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 sup port 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
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 PGL reports

Personal development
Outputs to deliver this accountability:
• Actively managing one's own and the team's technical and soft skills development
• Researching, identifying and proposinq training solutions to senior management for one's own and for the teams development .
• Perform all other duties reasonably assigned

Education Experience Required
• 3-5 years related experience.
• A Bachelor degree.
• Market making experience
• Management experience
• Trading experience
• In- depth trading knowledge! experience of local market rates and FX products .
• ACI dealing Certificate
• Computer literacy

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 mathematic of pricing for FX and Money markets
• Understanding of political and economic activity and the impacts on exchange rates and interest rates

Remuneration
Attractive salary including performance based bonus on achieving targets and overall business performance

NBC IS AN EQUAL OPPORTUNITY EMPLOYER
Applicants are invited to submit their O/s, copies of certificates; 2 referees and their contacts to;
Priscilya Othman
Resourcing Lead
National Bank of Commerce (NBC)
Email: Priscilya.Othman@nbctz.com

If you are not contacted by NBC within thirty (30) days after the closing date, you should consider your application as unsuccessful. Please send all applications before 30th December, 2015
Source: Daily News 17th December, 2015