United Bank for Africa Recruitment for Currency Trader

United Bank for Africa Plc (UBA) is one of Africa's leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.

We are recruiting to fill the position below:

Job Position: Currency Trader

Job Location: Nigeria

Responsibilities

• Reconcile trades booked with platform blotter to ensure accuracy of information captured.
• Build and Maintain Relationships
• Monitor global currency markets for price movements.
• Monitor and analyse developments in the external environment and their implications on third currencies to facilitate trading decisions.
• Evaluate technical analysis (charts) to identify trading opportunities.
• Ensure compliance with approved trade size and daily acceptable loss limits.
• Seal and cover trades at competitive prices for African subsidiaries, local banks and internal customers (Treasury Sales).
• Build trust relationship with African subsidiaries, local banks and internal customers (Treasury Sales).
• Generate Daily Settlement for back-office (Treasury Ops FCY) by end of day for settlement
• Daily generation of trade blotter for submission to Market Risk/Internal Control/ Finance.

Preferred Competencies:

• Prepare EOM blotter and income statement for signoff by the Group Treasurer, Internal Control and Performance Management.
• Conduct market intelligence into third currencies activities and provide market commentary and views for the Treasury newsletter .
• Manage relationships in accordance with policies, procedures and legal requirements.
• Review Master Agreements with foreign and local banks for adequacy of content.
• Liaise with other market participants; and implement market development initiatives.

Report Generation:

• Generate reports for relevant stakeholders
• Generate Daily Settlement for Liquidity Management by end of day for funding