Chief Dealer - Nigeria at Antal International

Responsibilities:

• Responsible for management of the asset-liability position of the bank by funding the Bank’s book in the safest and most cost-effective manner.
• Managing net foreign exchange exposure by hedging forex risk.
• Trading on Major currency as propriety trading.
• Managing forex and money market on behalf of the bank in accordance with overall objectives and the regulatory framework so as to earn adequate dealing profits.
• Identifies and managing the funding needs in local currency/foreign currency based on requirements and implementing optimal funding strategies.
• Ensure optimal utilization of excess funds by placement/investment with financial institutions as per approvals and guidelines of the management.
• Generate forex and large deposit business for the bank by identifying profitable opportunities and directing resources to ensure maximum efficiency.
• Negotiate rates for placement of funds and sourcing of funds. Advise the branches /offices about exchange/interest rates to be quoted to customers.
• Ensure that all stipulated ratios such as lending Ratio/NOP, liquidity ratios and reserve requirements are maintained as per internal/CBN limits.
• Liaise with investment brokers, banks & financial institutions and regulatory authorities for managing the Treasury activities efficiently.
• Ensure accurate and timely reporting as required by the management, auditors, branches and CBN
• Coordinate with corporates and financial institutions to ensure that all documentation such as ISDA’s is executed to ensure uninterrupted business exchange.
• Identify the training and development needs of Treasury in conjunction with Training Department and ensure that staff is adequately skilled to undertake future business requirements of the Bank.
• Visits Treasury clients regularly and initiate new relationships thereby enhancing customer base.
• Managing and forecasting Asset and Liability mismatch as per tenor buckets stipulated by CBN
• Review and update Treasury manual as per CBN guide lines.
• Strengthen relationship with Ministry of Finance, Pension Funds and major customers.
• Approve interest rates on FDs/CALLs/CUAs, STL /long term interest rates for corporate/retail clients.
• Marketing Treasury products to existing and prospective customers and institutions as per strategic plan and ensure the budgets of the department are achieved.
• Periodic review of Treasury limits to counter parties based on reciprocity and diversification of risk.
• Ensure to address and close all audit (internal & CBN) comments.
• Managing the dealing room staff to ensure maximum productivity.
• Introduce new structures and products based on customer and regulatory requirements.
• Draft policies and procedures regarding conduct of dealing room activities

Minimum Education Qualifications

• MBA/Chartered Accountant/CFA or equivalent qualifications
• 5 Credits including English and Mathematics in either SSCE, WAEC or O’ Level certificate.

Previous Work Experience Requirements:     

• 8 Years relevant experience in Banking.                                                           

Other Requirements

• Analytical thinking based on available information and effective decision-making abilities.
• Must possess strong relationship management traits and risk management abilities.
• Very good understanding of treasury products and settlement procedures.
• Must possess strong I.T. Skills.
• Ability to manage and mentor the existing staff and impart knowledge to further enhance skills.