Senior Trader: FX

Nedbank Group; Johannesburg; On-site; ZAR 1,500,000 - 2,700,000; Full time

Job summary

Nedbank in Johannesburg seeks a senior Global Markets professional to lead trading risk and market making in SA and Africa FX derivatives, driving profitability while maintaining stringent risk controls.

You will apply advanced quantitative analysis, manage key stakeholders, and contribute to pricing environments and regulatory compliance to support growth and market integrity.

Qualifications

• Postgraduate degree in Mathematics or Statistics.
• Applicable market and regulatory qualifications (RPE, ACI, JSE Traders Exam) preferred/required.
• Minimum 3 years’ experience in Global Markets market making and trading risk on SA and Africa FX derivative products.
• Experience with non-linear FX products and multi-curve pricing environments.

Responsibilities

• Develop, engage, and execute strategy to ensure team profitability and risk-aligned budgets.
• Achieve budgets by franchise trading and effective risk management.
• Monitor market trends and engage with stakeholders on competitor activity.
• Grow profitability by streamlining processes and cross-selling bespoke products.
• Build relationships with stakeholders to deliver on client value proposition.
• Participate in industry forums to contribute to market evolution and standards.
• Ensure adherence to market, credit, operational and reputational risk limits and guidelines.
• Meet business and regulatory requirements.
• Optimize trading processes for current and new regions.

Skills

Quantitative analysis

Risk management

Stakeholder management

Presentation skills

Decision making

Education

Postgraduate degree in Mathematics or Statistics

Tools

MS Office

Pricing systems

Job description

To drive sustainable revenue growth and profitability through franchise trading and market-making activities, while providing transparent and liquid markets that strengthen NCIB Markets’ profile, client franchise, and market presence. The role is responsible for managing risk within approved limits and regulatory requirements, contributing to business growth through trading, system, and risk initiatives.

Job Responsibilities

• Develop, engage, and execute strategy and business achievement to ensure team profitability in line with agreed budget.
• Achieve budgets by franchise trading and effective management of risk.
• Monitor market trends by researching and engaging with stakeholders on competitor activity.
• Grow profitability by streamlining processes, providing bespoke products and solutions, retaining clients, and encouraging cross selling.
• Build relationships with all necessary stakeholders to deliver on the client value proposition.
• Participate in industry forums to contribute to evolution of the market and market standards.
• Ensure adherence to all market, credit, operational and reputational risk limits, and guidelines.
• Meet business and legislative requirements.
• Ensure trading process optimisation for the current and new regions.

Preferred Qualification

Post graduate degree in Mathematics or Statistics

Preferred Certifications

Applicable market and regulatory qualifications (RPE, ACI, JSE Traders Exam).

While preferred at appointment, these certifications must be obtained and maintained where required for the effective fulfilment of role responsibilities and regulatory compliance.

Minimum Experience Level

3 years’ experience in Global Markets market making and trading risk on SA and Africa FX derivative products.

Type of Exposure

• Experience in complex FX non-linear products and markets
• Strong understanding of non-linear risk management
• Experience in multi-curve pricing environments
• Strong quantitative and qualitative analytical skills
• Ability to identify market trends and opportunities
• Experience in risk identification and mitigation
• Effective stakeholder management and relationship building
• Ability to influence and secure stakeholder buy-in
• Strong problem-solving and innovation capability
• Experience preparing and delivering presentations

Technical / Professional Knowledge

• Business Acumen
• Principles of financial management
• Relevant financial market knowledge
• Relevant regulatory knowledge
• Knowledge and analysis of industry trends
• Research methodology
• Financial product knowledge
• Relevant economic knowledge
• Relevant software and systems knowledge
• MS Office
• Building Customer Loyalty
• Earning Trust
• Communication
• Decision Making
• Work Standards
• Managing Work
• Technical/Professional Knowledge and Skills

Employment Equity Statement

Preference will be given to individuals from underrepresented groups

Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP16).