Dealer: Centralised Funding at Nedbank

Job Purpose

• Responsible for assisting with the management of the bank’s foreign currency liquidity strategy. This entails ensuring sufficiency of hard currency liquidity daily, actively managing the bank’s liquidity mismatch profile and resultant profitability, trading the market risks across the portfolio as well optimising returns on the Foreign Currency High Quality Liquid Asset portfolio. This role requires effective communication with stakeholders, strong analytical capabilities, adeptness in data visualisation and an understanding of foreign currency money market products, interest rate derivatives, FX derivatives and FX spot markets.

Job Responsibilities

• Assist in developing and maintaining robust liquidity forecasting models to anticipate liquidity movements. Analyse trends in bank funding, market conditions, and regulatory changes to anticipate liquidity needs and ensure compliance with internal and external requirements.
• Manage daily foreign currency liquidity positions, ensuring sufficiency of Nedbank’s hard currency liquidity across the Johannesburg and London Balance Sheets.
• Assist with managing and maintaining the Foreign Currency Funds Transfer Pricing process. Develop and execute pricing strategies, based on in-depth analysis and current market trends, factoring in the bank’s liquidity position, ALCO strategies and tactical initiatives.
• Assist with managing the cross-currency basis risk, interest rate risk and foreign exchange risk across the portfolios using interest rate derivatives, foreign exchange derivatives and foreign exchange spot markets.
• Identify, assess, and manage liquidity risks associated with the bank's banking book and strategy. Help develop and implement risk management strategies and controls to mitigate these risks.
• Stay abreast of market developments to ensure pricing strategies remain competitive and aligned with the bank’s goals.
• Develop Management Information System (MIS) data for decision making by generating reports and analysis to manage risk; credit exposures; limits; regulatory; compliance and other requirements.
• Develop trusting internal relationships by communicating with internal stakeholders e.g., informing them on current and expected Cashflows; market intelligence; pricing; hedging and client specific information and obtain buy-in for developing new and/or enhanced processes.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g., staff surveys etc.)
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Contribute to making the department a great place to work through teambuilding activities; communication; improving how we do things to become more efficient / profitable.
• Adhere to risk standards by complying with regulations; mandates; limits; policies and procedures.
• Uplift the skills of the funding and liquidity team by mentoring and training others
• Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge and industry trends with team during formal and informal interaction.
• Understand and embrace the Nedbank vision and values, leading by example

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

•  B Comm Honours or equivalent

Essential Certifications

• FSB Regulatory Examinations (RE 1) or ACI Dealing certificate and FAIS requirements

Minimum Experience Level

• 2 years’ experience in treasury funding portfolio management or similar
• Strong analytical abilities with experience in financial modelling
• Proficiency in data visualisation tools and techniques

Technical / Professional Knowledge

• Data analysis
• Industry trends
• Microsoft Office
• Relevant regulatory knowledge
• Research methodology
• Cluster Specific Operational Knowledge
• Business Acumen
• Governance, risk and controls
• ALCO Strategy
• Mathematical Skills

Behavioural Competencies

• Decision Making
• Driving for results
• Building Trusting Relationships
• High-Impact Communication
• Managing Work
• Technical/Professional Knowledge and Skills