Treasury Markets Dealer at Standard Chartered Bank

RESPONSIBILITIES

Strategy

• Assist with managing the Bank’s liquidity position (ZAR account and all NOSTRO accounts) and money market trading activities to ensure that the structural integrity of the Balance Sheet remains well protected. 
• Prudent management of intraday liquidity position of the country, including the day-to-day compliance with Group Policies and Guidelines, Local Regulatory requirements, local payment system and intraday liquidity requirements.
• Flag any potential breaches ahead of time to the Head of Treasury Markets for guidance on the way forward/engage Group Treasury and Market Risk for temp limit requests where appropriate. 
• Manage multiple treasury risks including liquidity risk, market access risk, maturity concentration risk and interest rate risk across of the Bank as stipulated in Group Treasury and Market Risk reports.
• Ensure the Bank is adequately funded and has a funding strategy to meet planned asset/liabilities growth within other SCB businesses and unanticipated contingencies.
• Deploy excess liquidity in Treasury Markets approved investment instruments (e.g., Treasury Bills) to boost returns in a prudent manner.

Business

• Circulate FTP rates to Finance and internal stakeholders on a daily basis and work with them in solving any problems arising from the FTP methodology.
• Ensure all bookings are completed as guided by code of conduct, policies and procedures.
• Make recommendations to the Head of Treasury Markets on deposit taking initiatives.
• Contribute to building the Bank’s reputation in the international market through personally demonstrating a high level of professionalism at all times, and through developing mutually beneficial working relationships with agents, advisors, counterparties etc.
• Manage the transaction-based risks generated in trading, by working within the established parameters and rules appropriate to the trading product (trading limits, stop loss, hedging mark-to-market, etc.)

Processes

• Ensure adherence to all internal and external regulations.
• To embed Operational Risk monitoring as an integral part of the business process. Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management and Operational Risk Management Assurance.
• Comply with Departmental Operating Instructions

Risk Management

• Ensure execution of trading activities remains within the agreed Risk Appetite and Portfolio Standards.
• Comply with the requirements of the Group AML Policy and Procedures, in particular-comply with local legal and regulatory requirements. 
• Ensure you remain alert to the risk of Money Laundering and assist in the Bank’s efforts in combating it by adhering to the key principles in relation to: Identifying your Customer, Knowing Your Customer, Reporting Suspicious Transactions, Safeguarding Records.
• Adhere to the key principles of knowing our customers, identification and verification.
• Adhere to Group and Local record retention requirements.
• Attend all scheduled training on money laundering and complete related e-learning modules.
• Observe the Group Sanctions policy and support the implementation of prevailing sanctions. 
• Maintain up to date knowledge of economic conditions and market trends, on which to base informed dialogue with stakeholders.
• Ensure competitive pricing and adhere to hard margin structures to maximise products profitability. Ensure adherence to Central Bank pricing regulations. 

Governance

• Promote an environment where compliance with internal control functions and the external regulatory framework is a central priority of the business.
• Comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the FM Code of Conduct.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the South Africa Treasury Markets team to achieve the outcomes set out in the Bank’s Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

Internal

• Treasury Markets Desk Heads & Dealers operating within Country
• Regional Head of Treasury-Risk and Treasury-Risk staff in country
• Country ALCO members
• Financial Markets Operations staff
• Heads of businesses and RMs within country
• Financial Markets heads and Heads of Treasury-Markets in the region
• Treasury-Markets PGC members and Heads of Treasury-Markets in Group hubs
• Financial Markets Sales
• FX Trading 

External

• Treasurers and Dealers of other local Banks and financial institutions
• Money brokers 
• Regulatory bodies

Other Responsibilities

• Embed Here for good and Group’s brand and values in the South Africa Treasury Markets team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

QUALIFICATIONS

• A university degree in a relevant field / finance/Investment Management or equivalent plus at least 2 years’ dealing experience in money market / FX environment / interest rate environment.
• To confidently perform these duties an extensive working knowledge of the Money Market and other Treasury products is required.
• The individual must be able to work quickly and accurately under pressure
• The individual must have ability for clear expression and communication both written and oral. 
• Good marketing/selling skills.
• A sound knowledge of general Banking is also required to be able to discuss the Bank and company affairs confidently and portray a professional image of the Bank.
• Should be able to use the key economic indicators to explain product features and benefits.
• Good aptitude for figures and, computer skills essential.
• Good interpersonal skills.

Role Specific Technical Competencies

• Financial Products and Markets
• Governance, Regulation and Risk Management – Risk and Control
• Governance, Regulation and Risk Management – Corporate Governance
• Effective Communications
• Finance and Accounting
• Financial Analysis
• Influencing Through Expertise
• Knowledge of Organization
• Liquidity Management
• Resolution Planning
• Capital Management