FX Trader At Standard Chartered Bank Nigeria
We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group’s people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.
We are recruiting for the position of:
Job ID: 445158
Location: Nigeria – SCB
Purpose: To trade in the Foreign Exchange markets for a designated product range, (Spot and Forward foreign exchange) pricing transactions and managing short-term positions, in order to maximize trading profits at acceptable risk.
Key Roles & Responsibilities
- Provide a product trading service to GM customer segment sale staff, to meet customer needs at competitive prices.
- Contribute to building the bank’s reputation in the local and international foreign exchange market through personally demonstrating a high level of professionalism at all times, and through developing mutually beneficial working relationships with agents, advisors, counter-parties etc.
- Transact foreign exchange trades on the banks own account, in the knowledge of customer-based transaction flows, and in anticipation of future changes in the market, making use of associated products where relevant to the trading product.
- Manage the transaction-based risks generated in trading, by working within the established parameters and rules appropriate to the trading product (trading limits, stop loss, hedging, mark-to- market etc.)
- Dealing with branches or branch related foreign exchange deals and monitors the dealing position.
- Adopt a ‘sales’ approach if and where appropriate, in the case of smaller counter-parties, where their relationship to SCB is essentially that of a customer.
- To relieve other Dealers as necessary to ensure smooth functioning of the Dealing Room.
- Share relevant market, customer and counter-party intelligence with colleagues in the SCB network in order that the group derives maximum benefit from its networking potential.
- Obtain maximum business benefit from using the Information Technology systems available for effecting and recording transactions.
- Interact with the back office staff in order to acquire the knowledge needed for job performance.
- Ensure you remain alert to the risk of money laundering and assist in the Bank’s efforts in combating it by adhering to the key principles in relation to:’ identifying your customer, knowing your customer, reporting suspicions, safeguarding records and not disclosing suspicions to customers.
Qualifications & Skills
- Minimum of a 2nd Class degree in a relevant course
- Sound knowledge of Economics is required in order to be able to interpret data and make appropriate trading decisions.
- Should be computer literate.
- Good mathematical and analytical skills with ability to make speedy and accurate decisions under pressure.
- Good interpersonal and communication skills, must be a team player.
- Knowledge of Central Bank of Nigeria’s exchange control regulations.