Corporate Dealer Wanted At Cooperative Bank

The Corporate Dealer is a pivotal role within the Bank, responsible for managing and executing foreign exchange and treasury transactions for corporate clients. This role plays a critical part in providing clients with strategic insights, risk management solutions, and efficient execution of financial transactions to meet their corporate treasury needs. Reporting to the Head of Treasury and Market Unit (TMU), the Corporate Dealer will play an important role in ensuring the efficient and effective delivery of a comprehensive range of treasury products and services.
The Corporate Dealer role serves a key link between the Bank’s corporate clients and financial markets. The aim is to help our clients navigate complex financial landscapes and make informed decisions to manage their treasury and foreign exchange risks effectively. By combining financial expertise with client-centric approaches, the role contributes significantly to the financial well-being of corporate clients and the Bank’s success.

The Role

Specifically, the successful jobholder will be required to:

• Develop and nurture strong relationships with corporate clients to understand their financial objectives, risk tolerance, and treasury requirements.
• Collaborate with clients to assess their exposure to foreign exchange risk, interest rate risk, and other market uncertainties.
• Provide expert advice and customized solutions to help clients achieve their financial goals.
• Execute foreign exchange transactions, including spot, forward, and options contracts, to help clients manage currency risk associated with international trade and investment.
• Provide guidance on hedging strategies, and other risk management tools to mitigate financial exposure.
• Work closely with the trading desk to ensure accurate and timely execution of transactions.
• Monitor global financial markets, economic indicators, and geopolitical developments to provide clients with relevant market insights.
• Analyze market trends and currency movements to identify opportunities for clients to optimize their treasury management strategies.
• Prepare and deliver presentations or reports on market outlook and potential implications for clients.
• Develop a deep understanding of various financial instruments, including foreign exchange, interest rate derivatives, money market instruments, and structured products.
• Stay updated with regulatory changes, compliance requirements, and industry best practices affecting corporate treasury services.
• Assess and manage the risk associated with client transactions, ensuring alignment with the institution’s risk management policies and regulatory guidelines.
• Maintain a high level of compliance and adherence to FX Global code in all dealings and transactions.
• Provide clients with accurate information about the risks and benefits of different financial products.
• Collaborate with internal teams, such as risk management, compliance, operations, branch network to ensure seamless execution and delivery of treasury solutions.
• Liaise with Corporate and Institutional Banking Division business teams to understand client needs and preferences, as well as to identify cross-selling opportunities.

Skills, Competencies and Experience

The successful candidate will be required to have the following skills and competencies:

• A minimum 4 years proven experience in corporate relationship management, foreign exchange, or related financial roles.
• A Bachelor’s degree in a business-related field.
• ACI Dealing Certification.
• A good understanding of macroeconomics and current economic trends
• Knowledge of risk management covering operational risk, market risk and credit risk
• Integrity, professionalism, and compliance consciousness.
• Exceptional communication and negotiation skills to interact effectively with clients and internal stakeholders
• Confident decision-making and problem-solving capabilities.
• Strong analytical prowess.
• Leadership acumen.
• Good knowledge of derivative products.

How to apply:

If you are confident that you fit the role and person profile and you are keen to add value to your career then please forward your application enclosing detailed Curriculum Vitae to jobs@co-opbank.co.ke indicating the job reference number CD/FSD/2023 by 19th October 2023.

We are an equal opportunity employer.

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