The
Nairobi Securities Exchange (NSE) is a company licensed by the Capital Markets
Authority (CMA) to facilitate the trading of financial products through the
provision of a trading platform for listed securities.
In
line with this, the NSE is seeking to recruit a qualified, dynamic, self -
motivated and results - oriented individual to fill the following position:
Treasury
Accountant
Overall
Purpose: Reporting
to the Manager, Finance, the position holder will manage NSE liquidity and
third party funds including seeking the best investments for these funds.
He/
she will have a primary responsibility to support the derivatives team in
managing liquidity arising from trading on a daily basis.
Key
Duties and Responsibilities
- Managing
funds arising from trading on a daily basis particularly from the
derivatives market;
- Investing
such funds in the most ideal investment vehicle;
- Production
and provision of appropriate treasury related reports and guidelines;
- Review
of daily settlement reports against clearing member reports;
- Daily
settlement of balances with clearing members;
- Initiation
of funds transfer instructions & internal/ inter-account/inter-bank
transfers;
- Negotiating
best returns in investment of margin funds, following up on maturity of
the same and computing interest to be credited to respective clearing
members;
- Creating
a portfolio of investments for short and longer term funds;
- Reporting
periodically on the performance of investments made;
- Liaison
and managing relations between NSE clearing members bankers for all
treasury related queries and correspondences; and
- Managing
the liquidity position of the NSE and making relevant recommendations.
Minimum Qualifications
- Bachelor’s
degree in Finance, Accounting or any other related field;
- Professional
qualification needed;
- Proficiency
in use of Microsoft Excel, word, power point;
- Minimum
4 (four) years working experience in banking, treasury management or
branch operations function will be an advantage.
Desired
- Ability
to work with minimal supervision;
- Excellent
analytical skills and customer orientation;
- Ability
to plan and follow through and be accountable & responsible.
Risk Analyst, Derivatives
Overall Purpose: This position will report to the Director,
Derivatives Market and will be responsible for the management of risk as
pertaining to the derivatives market.
Responsibilities
1. Carry out risk and internal
controls examinations and include reviews of the following areas:
- Ensuring adequacy of resources and systems used
for risk management; and compensation or other incentives that may
adversely impact independence;
- Market risk in exchange trading, clearing and
settlement activities and firm assets, including VAR (value at risk),
economic models (margin methodologies), scenario analyses, stress testing,
and daily back testing;
- Funding, liquidity and credit risks, including
counterparty credit risk across all products and businesses, credit
limits, pricing models, valuation, guarantees, collateral, margin, and
settlement and legal risks;
- Operational risks, including segregation of
duties; checks and balances; protection of client funds and securities;
controls to prevent identity thefts, phishing attacks, and inappropriate
release of sensitive customer information; operating systems; management
information systems; management reporting; front and back office
operations; security; and contingency planning and disaster recovery;
- Utilize system infrastructure and control
framework knowledge to recognize and challenge potential infrastructure
efficiencies and control gaps, and proactively partner with own colleagues
and other teams in the development of both infrastructure and control
improvements and major enhancement projects, including comparing and
evaluating multiple courses of action and selecting and implementing the
most appropriate resolution for the business; and
- Ensure that new products and activities are
assimilated into the risk management system in a timely and appropriate
manner.
2. Risk & Control Operations - supports
the firm by ensuring the integrity of books and records, assessing regulatory
requirements, and interfacing with regulators frequently;
3. Ensure a well-documented system of
internal controls designed to manage material risk exposures which will enable
the Exchange management to identify, analyse, and manage the risks inherent in
the firm’s business activities with a view to safeguarding the organisational
physical and IS assets and preventing significant losses;
4. Provide the Exchange with critical
control indicators that assess economic, regulatory, and operational risks,
while providing oversight of the Operations Division Risk Framework;
Minimum requirements
- Bachelor’s Degree in analytical science or
financial related subject;
- Appropriate professional qualification -
professional training/ certification in information systems audit will be
an added advantage;
- Minimum 4 (four) years relevant professional
experience in market risk management gained from an organization with a
strong internal control framework, preferably financial institutions;
- Robust analytical, organizational and
interpersonal skills;
- General knowledge of cash and derivative
markets;
- High attention to detail, accuracy and risk
awareness;
- Strong risk & quantitative analysis, organizational
and interpersonal skills; and
- A dynamic self-starter with ability to
prioritize and to work independently as well as in a team.
Desired:
- Exposure to the financial services industry is
essential, preferably in cash or derivatives markets;
- Working knowledge of varied systems and
information systems audit will also be a plus;
- Familiar to internationally driven standards
relating to financial market infrastructures; and
- An appreciation of global risks and their
impact on local economic dynamics
How to Apply
Applications should be sent to the address below by close of business on Friday, 4th September 2015.
Applications should be sent to the address below by close of business on Friday, 4th September 2015.
The Chief Executive
Nairobi Securities Exchange Limited
The Exchange, 55 Westlands Road
P. O. Box 43633-00100
Nairobi
Nairobi Securities Exchange Limited
The Exchange, 55 Westlands Road
P. O. Box 43633-00100
Nairobi
Email: recruitment@nse.co.ke
Dropping Zone No. 243 Revlon Professional Plaza, 2nd Floor
Only shortlisted applicants will be contacted.