Senior Market Making Manager - 00051941
Primary Location
:EG-CairoJob Type
:Permanent
Posting Range:24/08/2011 - 23/09/2011
Description
Market Making:• Ensure continuous adherence to Central Bank position limit and FX trading policies.
• To manage BBE's face-to-market interbank activity with the Egyptian local markets as well as international banks. Provide live and efficient prices to the treasury product sales desk in order to optimize client transactions. Interbank trading - to leverage the interbank FX book to consistently offer the best prices to customers in the market in order to get maximum cross-sell.
• Support in the production of low-risk fee income from the sale of treasury products to customers (Corporate, SME and Retail).
• Drive a successful and proactive relationship with the CBE - support Barclays' franchise through a close and productive relationship with the regulator. The CBE has daily contact with Barclays Treasury Market Making Desk.
FCY ALM:-
• To effectively manage the Banks' cash flow.
• To assist in the development of the ALM business process in Barclays Egypt.
• To advise functions of the inherent financial risks in their business and provide solutions.
• To assist in incorporating ALM expertise in planning exercise.
• To work in conjunction with product specialist to understand the implications of products strategies for country balance sheets.
• Review customer complaints, record it and take all the reasonable steps to resolve the complaint in the eyes of our customers
• To prepare monthly updates submitted to the group.
• Resource for Treasury desks that require treading support.
Main accountabilities and approximate time split
Accountability: to effectively manage the Banks' cash flow 30%
• Reconcile, on a daily basis, the statements received from our nostros with the our cash flow system/excel sheet.
• Investigate any major discrepancies to ensure non-occurrence.
• Manage the concentration limits effectively to prevent any breach in set limits.
• Invest excess liquidity with the highest yield possible to insure maximum possible returns for the Bank.
FX Spot pricing / dealing: 30%
• Interbank/Professional Markets: prompt pricing to approved interbank players within prescribed CBE pricing guidelines.
• Maintain personal/professional relationship with key market players in the Egyptian professional markets.
FX Forwards pricing / dealing: 15%
• Customer sales: pricing on BAU treasury products, FX spot/forwards. Proactive market-based pricing for choice/sensitive customers to capture new flows.
Support Treasury Product Sales Desk: 25%
• Distribution of list FX rates to branch network. Promptly revise pricing through the course of the day to optimize profitability of BBE.
Qualifications
Technical skills / Competencies:• Negotiation skills.
• Strong writing skills
• Strong communication skills.
• Pricing and understanding of treasury products accounting.
• Unique understanding of the Egypt interbank market, CBE regulations, policies and CBE disposition towards interbank market.
• Understanding of accounting of FX revenues including monthly revaluation processes.
• Wallet-sizing sales strategies. Proficient in leveraging RMs/branches to widen cross-sell scope.
• Excellent understanding of ALM and treasury strategies
• Demonstrated ability to think in a proactive and forward manner to identify possible future impacts of foreseen trends and developments (What could the future look like)
• Excellent understanding of capital, capital ratios and regulatory requirements.
• Strong financial background and knowledge of economics
• Knowledge of retail, corporate and capital markets products.
Knowledge, Expertise and Experience:
• Treasury product skills - interest rate and foreign exchange and basic derivative. Must have the ability to explain these concepts in layman's terms to clients.
• Conceptual grasp of macro/micro economics, Central Bank policy instruments and drivers of government economic polices.
• Knowledge of treasury and banking systems.
• Fluent in Microsoft office programs (excel, word, power point,access etc).
• Demonstrated experience in being able to create a proactive forward based strategic interpretation of trends and developments and capture into a rationalized commentary and plan
• Clear ability to handle several tasks concurrently.
• Resourcefulness in obtaining information to assist in business decisions.
• Strong ability to work in collaboration wit others across a business to obtain a consensus outcome.
• Good background knowledge of the financial services industry, familiarity with its drives etc.
• Well networked in the ALM filed in order to tap into industry practices.
• Experience of presenting research at the most senior levels of organizations (CEO, CFO).
• Commitment to delivery in agreed time frames.
• Background in treasury / financial risk.
• University degree if no relevant professional qualification.
Experience & Qualifications
Essential
• University degree if no relevant professional qualification
• Minimum seven years relevant experience (treasury, risk, ALM)
Preferred: Finance degree
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