Senior Dealer: Money Market at Nedbank

Job Purpose

To proactively identify funding (placement, distribution, and trading opportunities) within the Money Market industry from the Corporate client base and ensure adherence to the JIBAR code of conduct with regards to deal execution. To implement the Asset Liability committee (ALCO) funding strategy to meet the relevant regulatory requirements (LCR, NSFR, LTFR etc.) and ensure that the bank is appropriately funded.

Job Responsibilities

Management and Culture:

• Create a client service culture  
• Protect the integrity of the bank’s funding curve
• Raise cash/liquidity for the bank by engaging the bank’s institutional clients
• Ensure a pro-active and co-ordinated approach to enable the team to consistently deliver great client experience and maximise value for Nedbank CIB
• Encourage innovative idea generation
• Support the achievement of business strategy, objectives, and values by reviewing Nedbank and business unit plans and ensure that delivered systems, processes, services, and solutions are aligned

Client and Sales:

• Build sound professional relationships with clients by organising/tailoring client networking functions and signature events, as well as arranging roadshows for synthesis and funding countrywide
• Attend to client’s requests through open communication via telephone, email, and Bloomberg messenger
• Develop trusting internal relationships by communicating with internal stakeholders e.g., informing them of current and expected cashflows, market intelligence, pricing, hedging and client specific information and obtain buy-in for developing new and/or enhanced processes
• Establish and maintain collaborative relationships with industry stakeholders through network building and communication
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and add value to Nedbank and client
• Obtain Management Information System (MIS) data for decision making by generating reports and spreadsheets to manage risk, credit exposures, limits, regulatory, compliance and other requirements.

ALCO Strategies:

• Ensure implementation of ALCO strategies 
• Assist the bank in obtaining SPT2.0 commercial funding market share target over the next 3 years
• Ensure that funding raised does not negatively impact internal LCR metrics

Development:

• 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 interactions

Type of Exposure

• Working with a group to identify solutions to a problem/team player
• Creating and implementing client plans
• Analysing situations or data that requires an in depth evaluation of multiple factors
• Measuring client satisfaction and working with clients to solve client problems
• Pricing of financial/money market instruments
• Financial markets
• Developing ways to minimize risks
• Sharing information in different ways to increase stakeholder understanding
• Brainstorming ways of improving a product or situation
• Challenging the status quo with a view of improving the environment or people’s understanding
• Building and maintaining effective relationships with internal and exernal stakeholders
• Communicating complex information
• Identifying trends
• Conducting gap analysis

Essential Qualifications

• Relevant bachelors degree

Preferred Qualifications

• Relevant honours degree

Preferred Certifications

• ACI Dealing certificate and/or SAIFM

Minimum Experience Level

• At least 3 years experience in Money Markets covering Corporate clients