Dealer: FX Acquisition at Nedbank

Job Purpose

• To proactively identify money market sales and funding opportunities to optimise net interest income (NII) for treasury and identified stakeholders and to ensure a reliable source of funding for Nedbank as directed by ALCO and Balance Sheet Management to meet the strategic objectives of the Nedbank Group.

Job Responsibilities

• Understanding of liquidity risk management frameworks, policies, and procedures in line with regulatory requirements and industry best practices.
• Monitor daily liquidity positions, including cash flow projections, funding needs, and contingency plans.
• Prepare regular reports for senior management, highlighting key liquidity metrics, risk exposures, and recommended actions.
• The use of AI and Power BI to build and maintain dashboards for reporting purposes.
• Build and maintain sound relationships and internal clients.
• Develop trusting/professional internal relationships with management and team to smooth the flow of work through open communication and teamwork.
• Develop collaborative relationships with consultants/suppliers.
• Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
• Stay abreast of developments in field of expertise, ensuring personal and professional growth.
• Understand and embrace the Nedbank vision and values, leading by example.
• Seek opportunities to improve business processes and systems.
• Ensure conduit placements. Trade money market instruments by having an interest rate view, taking positions and managing the associated risks accordingly. Retain existing clients and grow new book.
• Review the trades for the day and position on the portfolio.
• Generate portfolio management reports as required by audit Ensure rates are in line with tiers and client groups and that they comply with the SARB.
• Manage defined risk/s in the focus area. Manage risk categories at targeted levels driven by internal and external guidelines, policies, procedures and rules.
• Ensure compliance requirements, controls and trading limits are consistently met in the defined focus area.
• Manage interest rates and change timeously to optimise NII. Communicate all relevant information to Head of Sales and CFD timeously, monthly or as it arises.
• Obtain MIS data for decision making. Share information and establish strategies. Maintain client information.
• Activate business deals and obtain information.
• Adhere to risk standards. Support the achievement of the business strategy, objectives and values. Share knowledge and industry trends with team.
• Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• B Comm Honours Finance, Statistics or Economics

Minimum Experience Level

• 2 years’ experience in treasury funding portfolio management

Type of Industry exposure

• Knowledge of Foreign Exchange markets
• Ability to interact with clients
• Knowledge of Global Trade Products and channels
• FX hedging (vanilla FX & FXD), Commodities, and Interest Rate hedging products

Technical / Professional Knowledge

• Data analysis
• Governance, Risk and Controls
• Industry trends
• Microsoft Office
• Principles of financial management
• Principles of project management
• Relevant regulatory knowledge
• Decision-making process
• Business Acumen
• Environmental Awareness

Behavioural Competencies

• Earning Trust
• Continuous Learning
• Collaborating
• Customer Focus
• Work Standards
• Advancing Sales Discussions
• High-Impact Communication