Dealer, Trading Desk

National Bank of Kenya (NBK), established in 1960, is a financial institution based in Nairobi, Kenya. It operates within the banking and financial services sector, providing a range of financial products and services.

The Dealer, Trading Desk position at National Bank of Kenya is a full-time role based at the Head Office within the Treasury Division. The successful candidate will be responsible for contributing to the bank's financial growth by actively trading and managing treasury products, specifically focusing on foreign exchange. This involves generating FX income, managing the bank's various financial risks, and securing funding through diverse FX products. The role is crucial for ensuring profitable operations and strategic financial management within the bank's treasury department.

1. Manage the pricing and spot rates provided to all units to ensure profitable deal booking.
2. Oversee the bank's FX positions generated by retail and corporate transactions, ensuring profitable covering of all transactions affecting currency positions and meeting revenue targets within set limits.
3. Engage in foreign exchange trading to achieve the budgeted foreign exchange revenue.
4. Develop products like spot, forward, and swaps to hedge against exposure from customer transactions.
5. Fulfill currency requirements for retail and corporate clients, maximizing returns from these relationships.
6. Monitor FX and interest rate movements in local and international markets, managing the bank's position according to market trends.
7. Implement the Treasury trading strategy for all currency pairs based on fundamental and technical analysis, in collaboration with the Head of Treasury.
8. Conduct market surveys and intelligence to understand market expectations, maintaining contact with key industry players to gather information impacting financial markets.
9. Contribute actively to improving the quality and efficiency of treasury product delivery processes.
10. Perform market surveys and intelligence to identify forex opportunities.
11. Manage all Inter-Bank Foreign Exchange trading unit activities, ensuring adherence to all procedures and policies.
12. Maintain the bank's exchange positions within specified parameters and ensure profitable covering of open FX positions in interbank markets.

1. Bachelor’s Degree, preferably in Business, Statistics, Computer Science, or a related field.
2. A Master’s degree in any field is an added advantage.
3. Possession of an ACI Dealing Certification.
4. At least seven (7) years of experience in an active Treasury environment, with comprehensive knowledge of end-to-end processes for Treasury products and services.
5. Thorough understanding of all Treasury products, including foreign exchange, money markets, derivatives, and fixed income.
6. Commercial awareness and a deep understanding of local and global market regulations applicable to foreign exchange.
7. Good understanding of micro and macroeconomics to interpret likely interest rate trends in both local and international markets.
8. Self-motivated with the ability to prioritize tasks, meet deadlines, and manage changing priorities effectively.
9. Willingness to work occasionally outside of normal business hours.
10. A results-oriented individual who thrives in a fast-paced environment.
11. Strong strategic, analytical, and problem-solving skills.
12. Excellent verbal and written communication and negotiation skills.
13. Experience using Treasury Electronic dealing systems such as Refinitiv EIKON/FXT and Bloomberg.
14. Good working relationship with Electronic FX Brokers.
15. Experience handling the KEPPS system and its working environment.
16. Ability to network with the Central Bank and other interbank players.
17. Ability to work under pressure and demonstrate multitasking capabilities.
18. Excellent presentation and report writing skills.
19. Ability to build collaborative relationships and work effectively as a team player.