Dealer - JHB at FirstRand Group

FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!

Are you someone who can:

• Contribute insights into the establishment of Group Treasury’s funding curves
• Surveillance of money market screen to ensure pricing is in line with Group Treasury’s funding strategy, liquidity position and appetite
• Ensure that the money market screens adhere to statutory requirements set by the SARB as prescribed in the Jibar Code of Conduct
• Work to the spirit of the OTC market conduct
• Act as custodian of all FirstRand pricing screens
• Provide quantitative support to money market dealers on the pricing of secondary market trades
• Provide internal clients with funding solutions to the benefit of their franchises or client business
• Distribute the daily internal funding rate sets to all the franchises
• Pricing of all internal funding and the booking of those transactions into the systems.
• Post trade management of those transactions to ensure settlement thereof and risk transference of interest rate risk to the designated risk management function within treasury
• Analyse and report on PNL and risk movements across all the funding and liquidity portfolios managed by the desk
• Build and maintain professional working relationships with all stakeholders
• Initiate meetings with key stakeholders to track progress, manage expectations and ensure stakeholders’ requirements are delivered
• Preserves relationships despite airing conflicting views and seeks mutual gains when addressing conflicts.
• Act promptly to resolve problems, queries and complaints
• Demonstrates pride in the organisation’s brand, services and products by consistently delivering on the brands promise.

You will be an ideal candidate if you:

• Have completed a BSc Degree with Mathematics, Investment management, financial mathematics or equivalent financial degree
• Have appropriate experience within a treasury, dealing or market making environment advantageous.
• Have experience within a market risk management discipline an advantage
• Have relevant quantitative analysis and experience

You will have access to:

• Challenging work in a complex and exciting environment
• Opportunities to innovate and create efficiencies.
• Opportunity to price and trade money market products with all local banks
• Opportunity to obtain RPE accreditation