| Ecobank Ghana is looking for a fixed income or foreign exchange trader who will help facilitate the progress of the institution.
JOB PURPOSE |
| To execute and manage trading activities in fixed income and foreign exchange markets, ensuring optimal profitability, risk management, and compliance with regulatory and internal policies. |
| JOB CONTEXT |
| The role supports the bank’s liquidity, investment, and market-making objectives. |
| KEY DUTIES AND RESPONSIBILITIES |
- Take adequate positions for Fixed Income and FX products within pre-defined trading limits.
- Assist the Head, Trading in the management of the FI/FX positions of the Bank
- Implement trading strategy for profitable trading and positioning at acceptable risk levels
- Drive Trading activities towards attainment of financial targets.
- increase new products and initiatives in the marketplace with the objective of improving profitability.
- Assist in developing and marketing new Treasury/Financial Products of the Bank
- Position Ecobank as a market maker in available fixed income and FX products
- Monitor positions of the Treasury Sales Unit and cover the positions intraday and at the end of each trading day
- Determine Forward Forex Rates & SWAP points to assist in trading Forward Foreign Exchange Contracts/FX SWAP transactions
- Negotiate and execute Foreign Exchange transactions for the Bank
- To continually monitor market information and react to its impact on trading activities
- Ensure compliance with departmental policies/procedures
- Keep abreast with Bank of Ghana net open position requirements and adherence to them, and address all Bank of Ghana and Internal Audit issues
- Write reports on Treasury operations periodically
- Monitor market trends, economic indicators and geo-political developments
- Provide inputs to the preparation of annual budget for the Treasury Department
- Any other duties that may from time to time be assigned by the Head,-Trading.
- Identify relevant trading opportunities on the market for execution.
- Price and quote available instruments and FX for profitable trading and to ensure that the bank is positioned as a market maker in these instruments.
- Closely follow MATs (Market Access Triggers) when hit and report to Head, Trading for prompt action plan.
- Ensure compliance with role holder trading limits.
- Provide input for the preparation of Trading unit budget
- Monitor business performance on an ongoing basis vis-å-vis budget and take proactive measures to achieve it.
- Ensure that necessary steps are taken to address regulatory and internal control guidelines.
- Identifying profitable commercial papers on the market for investment.
- Build models for valuing fixed income securities
- Adhere to Stop losses / gains as defined in the Price Risk Limits.
- Develop links with local pension fund managers, brokers and bank traders
CHECK
FINANCIAL MANAGEMENT
- Meet Trading Unit budget
- Assist in meeting the Treasury Sales budget
COMPLAINCE TO ECOBANK & OTHER LOCAL REGULATIONS
- To ensure complete adherence to all ECOBANK’s compliance and regulatory requirements.
- To maintain high standards in terms of compliance and internal process ensuring complete adequacy to Audit requirements.
- To maintain good relationship with regulators.
- To keep abreast of the changes in the business and regulatory environment.
- To ensure adherence to proper conduct and professional behaviour.
PRIMARY RELATIONSHIPS
INTERNAL CONTACTS
- Head, Global Markets
- Head, Trading
- All Traders, Treasury Sales Officer and Liquidity managers
- Branches and businesses
EXTERNAL CONTACTS
- Dealers of other Banks / Financial Institutions
- Local regulators
- Securities Industry Practitioners
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| COMPETENCY AND SKILL REQUIREMENTS |
- In depth knowledge of the FI and FX products.
- Should be fully conversant with all operational aspects of the Treasury department.
- Ability to work as a team player
- Good analytical and decision-making skills.
- Ability to take quick decisions, ability to be reactive.
- Ability to work quickly and accurately under pressure.
- Mathematics and computer skills are required.
- Confident
- Intuitive
COMPLEXITY AND JUDGEMENT
- Should be able to react quickly to any opportunity and take immediate steps to convert it into deals.
- Should be able to advise the Head, Trading on an ongoing basis about market conditions and trends so that appropriate strategies are put in place.
- Freedom of decision making. Should be able to fully operate within trading and counterparty limits put in place.
- Should be able to adjust trading margins quoted with the objective of securing the overall business.
- Multi-cultural and diverse people environment.
How To Apply for the Ecobank Opportunity
Kindly Click Here To Apply
Deadline for Application is November 20, 2025 |
