Our client is one of the banks in the market. They are looking for an Assistant Manager Treasury for their Nairobi branch. The Treasury Assistant Manager will be reporting to the Head of Treasury. H/She will be responsible for:
- Forex Sales and trading.
- Execution of the bank’s foreign exchange business strategy by foreign exchange dealings with designated clients to achieve the foreign exchange income.
- Achieve Forex income budget allocated on a yearly basis.
- Foreign exchange exposure adherence as per Bank’s policies and regulatory compliance.
- Collaborate with Corporate and Retail business teams to close forex transactions.
- Assist with growth of Forex clientele and Forex volumes at the bank.
- Co-ordinate all forex related activities in the department.
- Assist with all other treasury functions as required.
Key Responsibilities:
Financial
- Achieve Forex income budget allocated on a yearly basis
- Grow forex sales transactions and volumes in conjunction with the Business teams
- Optimise Forex profitability
- Effectively manage the foreign exchange risks arising out of exposures for all traded currencies in the department.
- Propose product development to enhance forex income and volumes
Customer
- Ensure seamless and timely service to all forex customers.
- Designated client calls and visits in conjunction with Business teams to ascertain each clients Forex requirements, patterns and plans.
- Collaborate with Corporate and Retail business teams to close forex transactions.
- Initiate and develop new customer pipeline in line with the New to bank customers strategy.
- Actively market bank products to new and existing clientele.
- Maintain and enhance client relations and Treasury Interbank relations.
Internal Business Process
- Local and foreign market news dissemination.
- Ensuring that Forex Board rates and website rates are updated on time.
- Ensuring timely booking of all Forex transactions, and accurate posting by the Branch/Operations back-office teams.
- Daily FX reporting to Head of Treasury.
- Client visit call report submission to Head of Treasury.
- Adhering to internal Treasury policy guidelines, protocols, procedures and limits.
- Ensure strict adherence to the Kenya FX Code and risk control guidelines.
Functional responsibilities
- Reporting to Head of Treasury all Forex desk activities and Treasury deal execution reports.
- Adhering and working within allocated dealing limits.
- Provide ongoing training to RM’s, branch staff and business teams as well as monitoring Business teams performance on Forex income.
- Teamwork and multi-tasking with the Treasury dealers’ team.
Key Performance Indicators
- To deliver on the Forex income target and Treasury financial targets and other KPIs as set out in the individual Scorecard/ performance contract.
- Full compliance with Market Risk Management requirements as applicable.
- Zero tolerance for Treasury fraud.
- Zero tolerance for poor customer service to internal and external customers.
- Zero tolerance for regulatory penalties associated with foreign exchange exposures and transactions.
- Increase in Forex sales volumes and forex clientele
- Champion with Retail/Corporate business teams with managing their Forex client requirements.
- Team-lead for Treasury dealers. Personal learning to develop into management roles.
Job Specification
Academic
- Professional qualifications in a business-related field.
- ACI Dealing Certificate or Professional Qualification in Banking related disciplines would be an added advantage.
Professional Qualifications & Experience
- Proficiency in Microsoft Office Suite, data analytics
- Reuters Refinitiv and FXT trading platform knowledge and experience.
- Minimum of 4 years’ experience in a Bank Treasury and Forex dealing.
- Experience in Money Market, Fixed Income Trading and other Treasury functions.
Job Competencies: Technical & Behavioral Competence
- Comprehensive understanding of foreign currency trading dynamics.
- Good understanding of the Global and the Kenyan markets.
- Strong customer negotiation and retention skills.
- Strong Sales and trading management skills.
- Strong knowledge of Treasury products.
- Learning and growth attitude suitable for promotion into leadership role.
- Good Customer Service / Relationship Management.
- Strong negotiation skills.
- Oral & Written communication and research skills.
- Financial and Analytical mindset
- Profit income-oriented mindset
Remuneration/Benefits:
A competitive salary is on offer, based on skills, qualifications and experience.
To apply, please send your updated CV in word format to info@epafrica.co.ke. Kindly indicate the role you are applying for in the subject line of the email. Please note that only short-listed candidates will be contacted.