The Associate - Market Making work
jointly with the Senior Market Making Dealer to provide appropriate pricing for
all treasury products to sales team, recording of all purchases and sales of
foreign currencies effected by Sales & Market Making desk in the Daily
Blotter.
KEY RESPONSIBILITIES:
·
Update
FX position transferred (blotter) by sales Team to maximize exchange gains
without compromising risk of exchange loss within prudential limit approved by
ALCO & Board.
·
Prepare/Ensure
correctness of daily foreign exchange rate.
·
Ensure
that daily indicative Exchange rates are updated on intranet and Web Site.
·
Ensure
that Revaluation rates are sent to Treasury Back office in a timely accurate
manner.
·
Keep
abreast of market developments, trends and strategies for opportunities on the
FX market.
·
Perform
technical and fundamental analysis to track trading opportunities.
·
Assist
Money Market Dealer to update Cash Flow and Nostro.
·
Ensure
open FX exposure is within prudential limit set by Bank of Mauritius, Bank’s
ALCO and Board.
·
Ensure
that all interbank foreign exchange dealings are correctly input/flown into
system.
·
Develop
and maintain good working relations with regulatory and non-regulatory
financial institutions.
·
Reconciliation
of Daily manual Blotter with system.
·
Ensure
adherence to internal policies of the bank as well as external policies from
regulators.
·
Monitor
compliance with both external regulations and the FX policy with respect to the
foreign exchange management processes of the Bank.
·
Prepare
Exposure summary sheet on daily basis for onwards submission to Head of Market
Making or Senior Market Making dealer.
·
Promptly
report any deviation to Acting Head of Treasury.
PREREQUISITES:
· Degree
in Banking or Finance from a recognized university OR an alternative qualification
from a recognized university/professional body in a field of study relevant to
the scope of work OR any other qualifications, acceptable to the Bank.
·
An
ACI certificate is mandatory or expected within the next 6 months.
·
Candidate
should have a minimum of 1-year experience in the Treasury function in banking
environment.
·
In
depth knowledge of treasury products.
·
Good
understanding of Regulatory guidelines with regards to foreign exchange market.
SKILLS:
·
Problem
Solving and Analysis.
·
Communications
Skills.
·
Interpersonal
Style.
·
Governance.
·
Personal
Organizsation.
