Job Description:
Our Client is a pre-eminent Merchant Bank owned by reputable corporate and private investors. The Bank has its headquarters in Lagos, Nigeria with a focus on high-end financial products and services to select clientele in targeted sectors of the economy. Our operations cover Corporate Banking, Private Banking, Investment Banking, Asset & Wealth Management, Treasury & Global Markets, and Securities Trading.
In alignment with the Bank group's growth strategy, highly motivated employees are essential to our organization's sustainable success, hence, we are seeking recruitment of motivated and competent talents to critical positions in the Bank.
Job Objectives
- To deploy and invest the deposit liabilities, internal generation, and cash flows from maturing assets for maximum return on a current and forward basis consistent with the bank's risk policies/appetite.
Duties & Responsibilities
- Develop and execute treasury strategies and treasury related financial plans that are in line with the Banks business plan.
- Performs market research, analyzes market conditions and works with clients to learn their financial goals.
- Oversee and manage the treasury function (FX, Securities, MM, liquidity, etc.) ensuring compliance with internal limits and regulatory requirements.
- Helps clients meet their financial goals by accurately identifying and purchasing the best fixed-income products for them.
- Responsible for managing daily trading to ensure timely execution of the orders and confirming that they are in compliance with regulatory policies.
- Documents information on each trade, while ensuring that all documents and account records are up to date.
- Provides clients with guidance on their transactions and on the risks they are taking.
- Identifies and leverages opportunities by developing innovative trading ideas and making entry into new markets.
- Monitor holdings to ensure investment style and constraints meet with client's needs.
- When there are funds surplus to requirements, checks the inventory of financial instruments with a view to purchasing instruments compliant with GMBs investment policy.
- Recommends and purchases short, medium, or long-term money market instruments in accordance with GMBs investment policy.
- Monitor relevant market and/or regulatory trends that may impact the Bank and develop solutions or strategies to mitigate potential risks.
- Carry out review of SLA Manuals to ensure applicable regulatory laws are incorporated
- Any other duties as assigned the Treasurer.
Education Requirement
- Bachelors degree in Finance, Accounting, Economics, or a related field
- 7+ years of senior Treasury banking experience
- A track record of strong analytical and decision-making skills,
- Experience in Derivatives (i.e. Interest rate swaps, Forwards)
- Proficiency in MS Office with advanced Excel skills
Key Competencies
Knowledge
- Performance Management to optimize own and team's productivity.
- Knowledge and effective application of all relevant banking policies, processes, procedures, and guidelines to consistently achieve required compliance standards or benchmarks.
Skills/Competencies
- Good written and oral communication skills
- Attention to details
- Strong analytical skills
- Leadership to nurture and sustain employee satisfaction, and manage change.
- Organization development to effectively structure the department for optimal performance.
- Sound understanding of banking operations and systems.
- Strong internal and external customer focus.
Applications close on August 3, 2022.