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27 Oct 2023

NBK Dealer, Trading Desk at KCB Bank Kenya

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Job Description

Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya – incorporated with effect from January 1, 2016 – and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan.

Responsibilities

  • Manage pricing & spot rate given to all units for the department to ensure deals are profitably booked.
  • Manage the bank FX positions generated by the Retail and Corporate transactions and ensure profitable covering of all transactions affecting the Bank’s currency positions and revenue targets are met within prescribed limits.
  • Trade in Foreign Exchange to achieve budget for foreign exchange revenue.
  • Product development to hedge against exposure created by customer transactions e.g. spot, forward and swaps.
  • Servicing currency requirements for Retail and Corporate clients and ensuring maximum returns from these relationships.
  • Keep track of FX and interest rate movements in local and international   markets   while   managing   the bank’s position in accordance with the market trends.
  • Implement the Treasury trading strategy on all currency pairs traded based on fundamental and technical analysis in liaison with the Head of Treasury.
  • Carry out market survey and intelligence to establish market expectations on trends for key currency pairs.
  • Provide competitive quotes to the FX customers and cover client flows.
  • Maintaining contact with key players in the industry and gathering information that is likely to affect financial markets.
  • Actively contribute to improvements in quality/efficiency of treasury products delivery processes
  • Carrying out market survey and intelligence to establish forex opportunities.
  • Manage all Inter-Bank Foreign Exchange trading unit activities ensuring all procedures and policies are followed.
  • Maintain exchange positions for the bank within the given parameters and ensure profitable covering of open FX positions in the interbank markets.

Method of Application

Submit your CV and Application on Company Website : Click Here

Closing Date : 15 November. 2023




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