Treasury Dealer - UK

Antal International Network; United Kingdom; On-site; Confidential; Full time

Job summary

A leading financial institution in the UK is looking for a Treasury Dealer to manage daily cash balances and execute money market trades. The ideal candidate will have in-depth money market knowledge, relevant certifications, and experience in a financial services environment. This role demands excellent analytical skills and the ability to maintain client relationships while ensuring compliance with financial regulations. Competitive salary offered.

Benefits

Competitive salary

Other benefits

Qualifications

• In-depth knowledge of money markets and FX brokerage functions.
• Proven experience in financial services with Treasury products.
• Knowledge of cash management and banking processes.

Responsibilities

• Manage daily cash balances and monitor the money market.
• Execute money market and FX brokerage trades.
• Maintain and develop client relationships.

Skills

Knowledge of money markets

Experience in FX brokerage

Excellent numerical skills

Advanced IT skills

KYC Knowledge

Education

University degree in Finance or related field

ACI Dealing certification

CTP certification

Job description

Salary: Competitive Salary + Other Benefits

Role Purpose

Reporting directly to the Head of Treasurer, the Treasury (Money Market) Dealer is responsible for:

• Managing daily cash balances, surplus cash and monitoring the money market to maximise revenue opportunities for the Bank.
• Prepare and send daily MM rate sheet to Financial Institutions.
• Prepare and send daily MM rate sheet to EMDO clients.
• Prepare and send daily Market Update to Bank subsidiaries.
• Pricing of all money market deals based on rate guide as agreed with the Head of Treasury
• Assisting the Head of Treasury in implementing ALCO (ALM) strategy.
• Managing and maintaining client relationships with key market contacts, pursuing new leads and developing business with the current client base and strengthening existing relationships
• Ensuring transactions are executed in an efficient and compliant manner, including confirmation, settlement and accurate recording of all treasury deals.
• Keep up to date on the international financial, economic, political and social trends and market developments; assess their possible effects on FX and interest rates; and advise Head of Treasury on business recommendations.
• Monitoring the economic environment and developments in the financial market to:
  • seek out new business opportunities
  • identify new, profitable lines of business which fit with the Bank’s business strategy and to meet business objectives.
  • Execute the chosen trading strategies identified by Head of Treasury
  • Maintaining, developing and enhancing the Front Office processes, procedures and controls in line with the regulatory framework in place.
  • Acts as First Line of Defence in the risk management framework to anticipate, identify and manage potential market, credit and operational risks.
  • Ensure KYC process is carried out effectively before business is undertaken and transactions processed with any new clients.
  • Ensure adherence to existing limits before business is undertaken and transactions processed with any new clients.
  • Carrying out FX transactions to maximise revenue generation opportunities within the Bnk risk framework and regulatory limits.
  • Act as back-up to Fixed Income dealer during busy days or period(s) of absence of the Fixed Income dealer.
  • Act as back-up to FX dealer during busy days or period(s) of absence of the FX dealer.
  • Pricing of all incoming MFX requests from all clients
  • Produce numerous daily/weekly/monthly blotters and spreadsheets for analysis and reporting purposes.
  • Provide continuous assistance to other areas of the Bank

Experience

Technical

• In-depth knowledge and experience of money markets, and FX Brokerage business/ function
• Experience of Fixed Income dealing or brokering in the international markets
• Proven Experience in a Financial Services (treasury or banking) environment with exposure to the Treasury Products and emerging market currencies (mainly African)
• Proven knowledge of the dynamics of the money market business and the factors influencing interest rate movements
• Advanced IT skills including Word, Excel and PowerPoint.
• Knowledge of cash management, the finance market and banking processes
• KYC Knowledge

General

• General experience and background for successful execution of the role
• Money market trading experience in a UK-based financial institution
• Excellent numerical and analytical skills
• Flexibility to serve as temporary back up to Fixed Income and FX dealer during period(s) of absence

Qualifications/Education/Training

University degree or equivalent in Finance, Accounting, Business or Economics

• ACI Dealing certification
• CTP certification

Market Knowledge

Awareness and understanding of the wider business, economic and market environment in which the Bank operates:

• Knowledge of the competitive environment and reach of the Bank – countries, customers and competitors
• Focus on competitor offerings
• Knowledge of Customer needs
• Wider banking and regulatory knowledge

Trade Execution Ability

Awareness of basic Treasury trade execution platforms and process:

• Ability to execute money market, FX and fixed income brokerage trades via voice, mail, Bloomberg, Refinitiv and other web-based platforms
• Awareness of treasury money market and FX products such as spot, outright forward and swaps
• Awareness and understanding of trade execution and settlement terms

Business Strategy & Business Model

Awareness and understanding of the Bank’s business strategy:

• Execute transactions which support the Bank’s strategy and operate in line with the business model
• Monitor income from money market, FX and fixed income activities against budget and institute appropriate/corrective actions when faced with negative variances

Identify, assess, monitor, control and mitigate risks to the Bank:

• Ensure transactions captured are within agreed bank risk limits and exposures tolerance levels; compliant with client controls and credit policy
• Processes and controls are in place to effectively control the transaction lifecycle, including reconciliations and analysis
• Trade within Risk Limits for counterparty and credit risk
• Knowledge of the potential Financial Crime/AML/Risks inherent in the Bank’s markets
• Ongoing AML/KYC training is up to date and tested

Governance Oversight & Controls

Assess the effectiveness of the Bank’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, to oversee changes in these areas:

• Awareness and understanding of Treasury governance, oversight and controls.
• Business continuity plan tested and maintained from a Treasury perspective.
• Ensure KYC is carried out prior to transacting with new clients.
• Understanding of the Board approved Risk Appetite Statement.

Regulatory Framework & Requirements

Awareness and understanding of the regulatory framework in which the Bank operates and the regulatory requirements and expectations:

• Book deals within risk limits and exposures tolerance levels.
• Awareness of the regulatory environment the Bank operates in.
• Review regulatory reports to ensure treasury is compliant with regulations and take corrective action where necessary.
• Maintain awareness of current KYC regulations and international AML rules, ensuring KYC due diligence and annual reviews are conducted.
• Comply with FCA and PRA conduct rules.

Regulatory Conduct Rules

• Acts with Integrity, due skill, care and diligence.
• Is open and cooperative with the Regulators.
• Pays due regard to customers interests and treats them fairly.