Treasury FX Trader at DTB Bank Tanzania

Actively market FX Spot, FX forwards, and derivatives in the interbank market and enhance the business turnover along with the desk’s income.

Duties

• Ensure FX volume targets and income are achieved by collaborating closely with the sales team to close transactions.
• Manage the risks of trading in foreign exchange markets, ensuring all trades are conducted within established limits.
• Initiate and maintain relationships with counterparties both local and international to ensure continual business and revenue growth.
• Monitor the Daily Net Open Position (NOP) to ensure that the positions of all currencies remain within the limits approved by the Board, BRMC, and ALCO.
• Collect relevant information that may impact market trends, the Bank, and the overall economy through market analysis and research.
• Continuously evaluate the Bank’s exposure to currency fluctuations and develop strategies to manage and mitigate foreign exchange risk on a daily basis.

Requirements

• Bachelor’s degree in Economics, Commerce, Banking and finance, or a related field of study.
• ACI dealing certificate is required.

Work Experience At least four years as a senior dealer in foreign exchange and/or money markets, with a thorough understanding of the local and international financial services industry, knowledge of foreign exchange markets, and trends of major currencies.

Personal Attributes

• Strong service ethic.
• A structured approach to dealing with complex and variable work environments in an independent manner.
• Strong evaluation, communication, and reporting skills.