Vacancy - Forex Trader Needed At Standard Chartered Bank Nigeria

Forex Trader Needed At Standard Chartered Bank Nigeria

Standard Chartered Bank Nigeria is Recruiting... Forex Trader Needed At Standard Chartered Bank - Lagos

Job Title: FX Trader
Job ID: 445158
Location: Lagos

Purpose: To trade in the Foreign Exchange markets for a designated product range, (Spot and Forward foreign exchange) pricing transactions and managing short-term positions, in order to maximize trading profits at acceptable risk.

  

Key Roles & Responsibilities

  

► Provide a product trading service to GM customer segment sale staff, to meet customer needs at competitive prices.

► Contribute to building the bank’s reputation in the local and international foreign exchange market through personally demonstrating a high level of professionalism at all times, and through developing mutually beneficial working relationships with agents, advisors, counter-parties etc.

► Transact foreign exchange trades on the banks own account, in the knowledge of customer-based transaction flows, and in anticipation of future changes in the market, making use of associated products where relevant to the trading product.

► 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.)

► Dealing with branches or branch related foreign exchange deals and monitors the dealing position.

► Adopt a ‘sales’ approach if and where appropriate, in the case of smaller counter-parties, where their relationship to SCB is essentially that of a customer.

► To relieve other Dealers as necessary to ensure smooth functioning of the Dealing Room.

► Share relevant market, customer and counter-party intelligence with colleagues in the SCB network in order that the group derives maximum benefit from its networking potential.

► Obtain maximum business benefit from using the Information Technology systems available for effecting and recording transactions.

► Interact with the back office staff in order to acquire the knowledge needed for job performance.

► 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 suspicions, safeguarding records and not disclosing suspicions to customers.

  

THE Qualifications & Skills

  

► Minimum of a 2nd Class degree in a relevant course

► Sound knowledge of Economics is required in order to be able to interpret data and make appropriate trading decisions.

► Should be computer literate.

► Good mathematical and analytical skills with ability to make speedy and accurate decisions under pressure.

► Good interpersonal and communication skills, must be a team player.

► Knowledge of Central Bank of Nigeria’s exchange control regulations.

How To Apply

Interested candidates should

Click HERE To Apply Online

Application Deadline Date

22nd August, 2014.