Treasury Dealer - European Bank

TN United Kingdom; London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Dealer to join a newly structured Treasury Dealing function. This role offers the chance to actively trade various financial products while ensuring compliance with regulatory standards. The successful candidate will work closely with the Senior Dealer and Group Head of Treasury to manage liquidity and funding strategies, as well as identify new funding sources. With a strong emphasis on communication and IT skills, this position provides an exciting opportunity to contribute to a dynamic team in the heart of London. Enjoy a competitive benefits package, including generous holiday allowances and professional development support.

Benefits

25 days holiday per annum

Birthday off

Bank holidays

Pension contributions

Group Life Assurance

Private Health Care

Dental Scheme

Gym subsidy

Cycle to Work Scheme

Professional studies coverage

Qualifications

• Prior experience in trading CDs and ECPs is crucial.
• Excellent communication skills for presenting to ALCO are essential.

Responsibilities

• Trade in products such as Loans, Deposits, and FX Spot.
• Maintain compliance with regulatory standards including FCA regulations.
• Partner with Group Treasury on pricing strategies and funding plans.

Skills

Trading Certificate of Deposits (CDs)

Trading Commercial Papers (ECPs)

Excellent communication skills

Strong IT skills

Solution-oriented mindset

Tools

Bloomberg

MS Office

Job description

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• Chance to mould the newly structured Treasury Dealing function.
• Focusing on under 12-month funding and diversifying funding strategies.

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

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

The Successful Applicant

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

What's on Offer

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