Job Vacancies at SBM Bank

Job Purpose: 

Daily dealing activity in accordance with the agreed strategy and monitoring, funding, placing and Investing of Bank’s Liquid Assets and Liabilities as well as assist the Forex & Money Markets (MM) desk in the development of the bank’s liquidity and funding portfolios.

Key Responsibilities

Business Profitability

• The dealer should be able to deal all MM instruments within the approved limits and at appropriate market rates.
• To assist in the continued development of multi-currency funding, investment and hedging activity.
• To balance the daily cash position ensuring all surplus funds are appropriately invested or any deficit is funded accordingly at reasonable rates.

Liquidity Management

• To determine appropriate daily funding levels (bids) in accordance with agreed strategy and borrowing appetite of the bank and project funding position for a week ahead.
• Fund the bank’s nostro accounts, central bank account and always ensure there are sufficient funds to meet all the client’s needs at any time.
• To accurately input all transactions on the Treasury Management System (Cash Projection and Cash Reserve Ratio [CRR] projections) on a timely basis.
• Prudently manage the CRR a/c

Customer Engagement

• To produce daily Front Office reports on a timely basis.
• To produce a daily schedule of upcoming funding and liquidity maturities.
• To develop and produce management information on the performance of the liquidity or funding portfolios.
• To assist the Treasury Manager in researching additional investment or funding instruments.
• Dealer is proxy to the Spot trader and bond trader

Internal Business Processes

• To ensure that all transactions are undertaken in accordance with Bank policy and within policy limits at all times.
• Ensure compliance with statutory, regulatory and bank policy in relation to individual dealing activity
• Ensuring sensitive and confidential data is managed appropriately at all times, encrypted and password protected as directed by policies
• Ensuring potential or actual breaches of IT and information security policies and procedures are escalated immediately

Knowledge; Skills and Experience required for this Role

• Business graduate from an accredited University with a Finance Major or any other related discipline.
• In-depth knowledge of money markets and financial instruments.
• Good understanding of macro-economic indicators and their practical implications on money market.
• Ability to communicate at all levels.
• Professional qualifications in ACCA/CPA/CFA/ ACI dealing certificate also desirable
• Proficiency in Microsoft Office Suite.

Competencies required for this Role

• Knowledge/experience of FX contracts, debt capital markets, securitization, covered bonds, asset & liability management techniques, IAS 39.
• Able to contribute innovative ideas to improve the performance of the Treasury function and to assist in core business development and meet targets.
• Have good communication skills to cultivate & develop a long relationship with clients.
• Ability to cooperate with fellow employees and work closely as a team player within the department, marketing department, customer service and treasury back-office.
• Good time management & multi-tasking skills.
• Ability to handle pressure & stress of market volatility during trading, excessive workload and extra responsibilities.
• Good analytical skills and problem solving skills.
• Thorough understanding of the Forex  procedures and practice and the ability to interact with all levels of management and staff
• Excellent negotiating and interpersonal skills.
• Must have excellent leadership, organizational, and planning skills

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Job Purpose:

The position will generate treasury revenue from asset & liability management processes through strategic positioning of assets and liabilities whilst effectively managing liquidity and interest rate risks

Key Responsibilities

• Maximize in investment of excess cash and trading of Government Securities for the bank 
• Assist in cash flow forecasting process for the group as part of liquidity management and carry out liquidity scenario analysis. 
• Ensure Asset Liability Management (ALM) strategies are executed and monitored for optimal revenue
• Provide Asset Liability Committee (ALCO) with investments proposals and substantive documents on market trends touching on interest rates. 
• Ensure that all types of liquidity risks within the bank are captured and appropriately managed ensuring that the bank meets regulatory liquidity requirements. 
• Understand business lending pipelines and provide appropriate funding solutions at optimal pricing.
• Add value to the Funds Transfer Pricing process and advice transfer rates to various stakeholders on monthly basis or otherwise as per policy. 
• Assist Market Risk in the planning of ALCO meetings focusing on strategic ALM concerns. 
• Manage efficiency and profitability of liquid asset portfolio, advising on yields and amounts.
• Monitor market conditions and explore hedging opportunities for the various books and prepare the investment and divestment proposals 
• Advice on liability planning, pricing, and market trends 
• The role will be a proxy to the Forex (FX) and Money market Desks

Customers of this Position

• All Departments in the Bank

Knowledge; Skills and Experience required for this Role

• Business graduate from an accredited University with a Finance, Mathematics or Economics Major
• Comprehensive understanding of Money Market, FX market, Fixed Income and assets and liabilities of a bank.
• Good understanding of dynamics of financial markets and local / regional regulatory environment.
• MBA in Finance or CFA would be an added advantage

Competencies required for this Role

• Dynamic, analytical and self-driven individual with the ability to work under pressure.
• A passion for performance, team play and achievement in a competitive and dynamic environment
• Hardworking, strategically minded individual with excellent communication, analytical and interpersonal skills.
• Thorough understanding of the Money markets/Forex procedures and practice and the ability to interact with all levels of management and staff
• Must have initiative to learn beyond scope of duty.

Funds management

• Source funding for Bank’s cash position, when required
• Ensure that we have sufficient assets to cover our liquid asset requirement
• Ensure Knowledge of ALM and at least attend one ALCO meeting a quarter
• Ensure knowledge of local regulatory pertaining to treasury and compliance of the same
• Provide backup for the Money Market Dealer and FX dealer.

 Accountability

• Delegated Authority;
• Management of the Bank’s Assets and Liabilities