Co-operative Bank of Kenya
Head – Money Markets & Fixed
Income
Are you a highly experienced
leader with a wealth of knowledge on financial markets?
You have good grasp of the
technical aspects around money markets and fixed income instruments, you are
well informed, highly regarded with high integrity and a keen interest to dive
into leadership within the Treasury sector.
Reporting to the Treasurer,
the job holder will be responsible for Money Market plans, strategies, policies
and activities aimed at enhancing Liquidity Management, Asset Liability
Management as well as Money Market and Fixed Income functions.
The job holder will also work
closely with the Treasurer to ensure achievement of overall Treasury and bank’s
objectives and targets.
The Role
The Role
Specifically, the successful
jobholder will be required to:
- Manage the
bank’s financial risks resulting from interest rate exposures, mismatch in
assets and liabilities (maturity risk) and Liquidity risk and also prepare
cash flow forecasts, gaps analysis for the bank’s overall assets and
Liabilities Management.
- Oversee the
Management of Liquidity both in the local Clearing accounts as well as the
Nostro accounts to ensure that the bank meets its payments obligations
without incurring extra unwarranted costs in penalties and overdraft
charges.
- Oversee
dealing/Inter-Bank activity relating to interbank borrowing and lending
and other related functions in line and within the limits put in place.
- Manage the
Treasury investment portfolio and invest in surplus funds in Treasury
Bills, Bonds and other suitable instruments/securities as recommended in
the investment.
- Trade in
government securities and other allowed securities as per the investment
policy to achieve set revenue targets.
- Manage the
bank’s cost of funds (liability pricing and funding) by monthly advising
deposit rates and Transfer pricing Rate
- Take an active
part in deposit mobilization to enable the bank to grow its deposits while
maintaining cost of funds at desired levels by scanning the market and
macroeconomic indicators for appropriate pricing.
- Manage
relations with stakeholders in the money markets including dealers,
Central Bank, Brokers, Fund Managers, amongst others.
- Drive the ALM
function and support decision with good market knowledge and networks.
- Facilitate the
preparation of the Treasury originated ALCO agenda items.
- Support staff
development, coaching and mentoring and maintain high ethical standards
for the department.
- Develop products
tailor made to suit clients’ needs, changing market trends and balance
sheet.
Skills, Competencies and
Experience
The successful candidate will
be required to have the following skills and competencies:
- A Bachelor’s
Degree in a Business related field and an ACI dealing certificate.
- A minimum of 5
years’ experience in a busy dealing room, 3 of which should be in active
trading in Money markets and Fixed Income position.
- Good
understanding of Asset / Liabilities Management, Liquidity Management and
risk Management in Financial markets.
- Experience in
using Dealing/trading platforms E.g. Reuters and Bloomberg.
- Knowledge of
various Treasury products as well as end to end processing of Money
markets and fixed income products.
- Good report
writing and presentation skills.
- High integrity,
strong analytical skills, results oriented with leadership and negotiation
skills.
How to apply:
If you are confident that you
fit the role and person profile and you are keen to add value to your career
then please forward your application enclosing detailed Curriculum Vitae to jobs@co-opbank.co.ke indicating the job reference number
HMM/TD/2016 by 22nd December, 2016.We are an equal opportunity employer.
