Treasury Dealer - European Bank

Michael Page (UK); City Of London; On-site; GBP 50,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Dealer to join their newly structured team. This exciting role involves actively trading various financial products, maintaining detailed accounts of investor activities, and ensuring compliance with regulatory standards. The successful candidate will collaborate closely with the Senior Dealer and Group Head of Treasury to manage liquidity and funding requirements while identifying new funding sources. With a strong emphasis on communication and IT skills, this position offers a unique opportunity to contribute to a dynamic team in a reputable banking environment. Enjoy generous perks including additional holiday, health care, and professional development support.

Benefits

25 days holiday per annum

Birthday off

Bank holidays

Gym subsidy

Cycle to Work Scheme

Season Ticket Loan

Professional studies coverage

Extra unpaid leave

Group Life Assurance

Private Health Care

Qualifications

• Prior experience in trading CDs and ECPs is essential.
• Excellent communication skills required for presentations.

Responsibilities

• Trade in products like Loans, Deposits, and FX Spot.
• Ensure compliance with regulatory standards and internal procedures.

Skills

Trading Certificate of Deposits (CDs)

Trading Commercial Papers (ECPs)

Communication Skills

Solution-oriented Mindset

Strong IT Skills

Tools

Bloomberg

MS Office

Job description

About Our Client

We are working with a well-established UK Branch of a European Bank with a Fitch A+ Rating who are recruiting a Senior Dealer and a Dealer into a newly structured team of two.

Job Description

1. Reporting line to the new Senior Treasury Dealer.
2. Actively trade and deal in products such as Loans and Deposits, CDs, ECP, FX Spot and Forward, OIS, and IRS (particularly CDs/CPs).
3. Maintain a detailed account of investor and counterparty activities to identify trading opportunities.
4. Execute transactions professionally and in compliance with regulatory standards, including Bank of England and FCA regulations.
5. Produce ALCO papers to provide an update on market conditions and investor appetite.
6. Support the Senior Dealer and Group Head of Treasury to manage liquidity and daily funding requirements.
7. Partner with the Group Treasury team on pricing strategies and overall funding plans.
8. Identify new funding sources by engaging with different funding channels and counterparties.
9. Ensure compliance with internal procedures, including CDD, AML/CTF, FATCA, MIFID II, and Code of Conduct.
10. Maintain strong relationships with the branch's Risk and Compliance department to ensure adherence to policies.

The Successful Applicant

1. Prior experience in trading Certificate of Deposits (CDs) and Commercial Papers (ECPs).
2. Excellent communication skills, with the ability to present to ALCO.
3. Experience within a Treasury Sales department or dealing room.
4. Strong IT skills, particularly with Bloomberg and other trading platforms, as well as MS Office.
5. Self-starter with a solution-oriented mindset, focused on timely execution.

What's on Offer

1. 25 days holiday per annum + Birthday off + bank holidays.
2. All staff must take 10 consecutive days off per annum (2 weeks).
3. 3 Days per Week in Office (City of London).
4. Employee contributes a minimum of 5% of basic salary to pension, with employer contributing 10%, through salary sacrifice.
5. Group Life Assurance of 4 times basic annual salary, starting from Day 1.
6. Private Health Care, with option to add a partner and children.
7. Dental Scheme available through (taxable benefit).
8. Gym subsidy for staff who belong to a gym.
9. Cycle to Work Scheme and Season Ticket Loan available after probation.
10. Eligible for an extra 5 days unpaid leave per annum.
11. Branch covers professional studies and exams relevant to the role, with study days and exam days off.