JOB SUMMARY:

The job holder is responsible to manage short term liquidity of the Bank and maintain the Bank’s cash reserve ratio on a daily and monthly basis as per Central Bank of Kenya guidelines and to fulfil the funding requirements of the Bank.

KEY RESPONSIBILITIES:

• The dealer should be able to deal all MM instruments within the approved limits and at appropriate market rates.
• Ensure Cash reserve ratio is at the stipulated rates on a daily basis and at the end of every cycle in keeping within regulatory requirements.
• 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. In addition, balance the daily cash position ensuring all surplus funds are appropriately invested
• 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 CRR projections) on a timely basis. 
• To produce daily Front Office reports on a timely basis.
• To ensure that all transactions are undertaken in accordance with Bank policy and within policy limits at all times.
• To balance the daily cash position ensuring all surplus funds are appropriately invested or any deficit is funded accordingly at reasonable rates.
• 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.
• Ensure compliance with statutory, regulatory and bank policy in relation to individual dealing activity
• To assist the Treasurer in researching additional investment or funding instruments. 
• To assist in the continued development of multi-currency funding, investment and hedging 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 
• Promote brand awareness through meetings with CBK and other counterparty Money Market teams. 
• Dealer is proxy to the Spot trader and bond trader

KEY RELATIONSHIPS:

Customers of this Position

• All Departments in the Bank

QUALIFICATIONS & EXPERIENCE:

Academic and Professional Qualifications:

•  Bachelor’s Degree in a relevant field from an accredited University with a Finance Major or any other related discipline.
• Professional qualifications in ACCA/CPA/CFA/ ACI dealing certificate also desirable
• Proficiency in Microsoft Office Suite.

Work Experience:

• Minimum of (1) year relevant experience for degree holders and (2) years relevant experience for diploma holders.

Skills and Competencies:

•  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.
• 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.
• 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.
• Excellent negotiating and interpersonal skills.

Accountability and Delegated Authority:

• Management of the Money Market