Senior FX Trader
To provide specialist advice & support in area of specialisation; enabling the provision of sound pricing and execution of trades, maximising assets and minimising financial risk.
Purpose of the role:
To be accountable for FX and FX FWDS trading, focusing on executing the separate and distinct mandates as they relate to the Trading Book Portfolio. Ensuring that all risks are managed under the separate portfolios in line with the respective dealing mandates and the respective policies and procedures, with special focus being placed on the management of the Investment portfolio, funding and liquidity and trading income.
Main Accountabilities & Time Split:
To be accountable for the Markets function, focusing on executing all FX and FX-Swap Trading, as may be relevant, whilst achieving income and business unit growth objectives.
Ensuring the traders undertake the following:
The generation of FX Trading and FX FWDS in line with the overall objectives and aspirations of the Markets business. The provision of pricing to the Interbank market and to the Sales dealers.
Ensuring that that all risks are managed under the respective portfolios according to the dealing mandate and the respective policies and procedures (adherence to market risk limits, credit risk limits, tenor limits).
Trading – 70%
Key actions to include:
Executing trading strategies in line with the overall Markets strategy, the Absa Africa trading strategy, and the trading mandate
Anticipating market developments 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 Africa trading desk and Africa Sales to support the roll out of Risk Management Products (RMP’s)
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 P&L by the cut-off time as advised by Absa Africa Trading
Establishing excellent working relationships with bank counterparties and the regulator (as is appropriate
MODE OF APPLICATION
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About Absa Bank Limited
Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of Africa’s major financial services providers offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. The Group was formed through combining Absa Group Limited and Barclays’ African operations on 31 July 2013. Reflecting the enlarged group’s pan-African focus, the Group's name changed from Absa Group Limited, to Barclays Africa Group Limited on 2 August 2013. Registered head offices are in South Africa and the Group has majority stakes in banks in Botswana, Ghana,Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group has representative offices in Namibia and Nigeria, as well as bancassurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges.Barclays Bank PLC has operations in Egypt and Zimbabwe, which are part of the African business and continue to be run by Barclays Africa Group’s management