Co-operative Bank Hiring Head of Trading

Are you an experienced leader with a passion for driving revenue and shaping strategic financial initiatives? Do you excel in dynamic environments where your expertise in treasury management, risk assessment, and market analysis can make a significant impact? If so, we have an exciting opportunity for you.
Join our dynamic team as the Head of Trading, where you’ll lead the Foreign Exchange functions, develop and implement trading strategies, and play a crucial role in income generation. As a key leadership position reporting to the Treasurer, you’ll have the opportunity to shape unit strategies, manage trading activities, and contribute to the bank’s overall success.

The role

The successful jobholder will be expected to:

  • Develop, document, and implement Treasury trading strategies based on fundamental and technical analysis, in collaboration with the Treasurer.
  • Conduct market surveys and gather intelligence to anticipate trends in key currency pairs.
  • Execute Foreign Exchange trades to achieve budgeted revenue targets.
  • Oversee Inter-Bank Foreign Exchange trading unit activities, ensuring adherence to procedures and policies.
  • Manage the bank’s currency positions to meet revenue goals within established limits.
  • Support training programs for junior dealers within the unit.
  • Manage transfer pricing between the sales and trading desks.
  • Contribute actively to enhancing the efficiency and quality of treasury product delivery processes.

Qualifications, Skills & Attributes

The successful jobholder will be required to possess the following qualifications:

  • A Bachelor’s degree in a Business-related field, mathematics, or engineering. A Master’s Degree in a Business-related field is preferred.
    ACI dealing certificate.
  • A minimum of seven years of experience in Treasury and treasury operations, including three years in a senior role.
  • A thorough understanding of CBK and Banking Acts, with knowledge of their implications.
  • Familiarity with Prudential Guidelines and their impact on Treasury management.
  • Comprehensive knowledge of Treasury functions, including Back-Office processing.
  • Expertise in Treasury products like foreign exchange, money markets, derivatives, and fixed income.
  • A strong grasp of risk management principles.
  • Ability to network effectively with internal and external stakeholders and maintain a good relationship with regulators on market related issues.

How to apply:

If you’re a strategic thinker with a passion for trading and leadership, we invite you to apply for this challenging and rewarding role. Be part of a team that values innovation, integrity, and excellence in financial services. Apply today to make an impact in the world of trading and finance. Please submit your resume and a cover letter outlining your relevant experience and why you’re passionate about this role to [email protected] indicating the job reference number HT/FSD/2024 by 8th May 2024.
We are an equal opportunity employer.

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