Junior Trader - First National Bank

purpose
To generate income for the bank by providing a platform for clients to execute their required trades in the market efficiently. To monitor the Spot, Forward & Trade exposure with local and international banks, trading in foreign exchange and domestic Money Markets (interbank, customers and branches) and assisting the Chief Dealer in achieving/performing his/her duties.
responsibilities
Consider fixed income/commodity/currency pricing requests from clients and construct a price which is suitable to buy and sell while strictly adhering to limits and monitoring market exposures on a daily basis.
Approve daily profit and loss from accounts department; resolve any outstanding issues speedily.
Manage customer portfolios by maintaining and growing turnover.

Maintain the highest degree of professionalism and dealing ethics at all times.
Build an in-depth knowledge of the client by staying abreast of changes within the customers business with a view of creating new business opportunities. Manage good relationship with other price makers in the market.
Manage client maturity profile on bond futures by assisting with funding positions to the latest most liquid expiry month. Forecast and monitor liquidity profile.
Manage cash and unencumbered asset positions and optimize liquid asset portfolio.
Manage funding requirements in line with limits provided by risk department and group treasury.
Keep abreast of market developments and proactively keep clients up to date with current market conditions.
Understand and manage credit exposure to clients, together with how this equates to pricing.
Manage the threat from competitors and outsourcing companies to retain customers and turnover/profitability.
Manage and price money market deals for various clients.
Have a good working knowledge of all vanilla derivative products.
Continuously assess own performance; keep abreast of learning opportunities and changing trends in your business environment, seek timely and clear feedback and request training where appropriate.

experience and qualifications
Minimum BCom or equivalent graduate degree as well as RPE and JSE qualification; Financial and/or Mathematical Degree advantageous.
ACI accredited.
Minimum 3-4 years working experience; Minimum 1-2 years trading-related experience.

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