Currency Trader at United Bank for Africa (UBA)



  2020-07-02
  Unspecified

United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.

We are recruiting to fill the position below:

Job Title: Currency Trader

Location: Nigeria

Responsibilities

  • Monitor global currency markets for price movements.
  • Monitor and analyse developments in the external environment and their implications on third currencies to facilitate trading decisions.
  • Seal and cover trades at competitive prices for African subsidiaries, local banks and internal customers (Treasury Sales).
  • Reconcile trades booked with platform blotter to ensure accuracy of information captured.
  • Build and Maintain Relationships
  • Build trust relationship with African subsidiaries, local banks and internal customers (Treasury Sales).
  • Generate Daily Settlement for back-office (Treasury Ops FCY) by end of day for settlement
  • Daily generation of trade blotter for submission to Market Risk/Internal Control/ Finance.
  • Evaluate technical analysis (charts) to identify trading opportunities.
  • Ensure compliance with approved trade size and daily acceptable loss limits.

Preferred Competencies:

  • Prepare EOM blotter and income statement for signoff by the Group Treasurer, Internal Control and Performance Management.
  • Conduct market intelligence into third currencies activities and provide market commentary and views for the Treasury newsletter .
  • Manage relationships in accordance with policies, procedures and legal requirements.
  • Review Master Agreements with foreign and local banks for adequacy of content.
  • Liaise with other market participants; and implement market development initiatives.

Report Generation:

  • Generate reports for relevant stakeholders
  • Generate Daily Settlement for Liquidity Management by end of day for funding

Let\'s



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