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Associate – Market Making

The Associate - Market Making work jointly with the Senior Market Making Dealer to provide appropriate pricing for all treasury products to sales team, recording of all purchases and sales of foreign currencies effected by Sales & Market Making desk in the Daily Blotter. 

Main duties



  • Update FX position transferred (blotter) by sales Team to maximize exchange gains without compromising risk of exchange loss within prudential limit approved by ALCO & Board.
  • Prepare/Ensure correctness of daily foreign exchange rate.
  • Ensure that daily indicative Exchange rates are updated on intranet and Web Site.
  • Ensure that Revaluation rates are sent to Treasury Back office in a timely accurate manner.
  • Keep abreast of market developments, trends and strategies for opportunities on the FX market.
  • Perform technical and fundamental analysis to track trading opportunities.
  • Assist Money Market Dealer to update Cash Flow and Nostro.
  • Ensure open FX exposure is within prudential limit set by Bank of Mauritius, Bank’s ALCO and Board.
  • Ensure that all interbank foreign exchange dealings are correctly input/flown into system.
  • Develop and maintain good working relations with regulatory and non-regulatory financial institutions.
  • Reconciliation of Daily manual Blotter with system.
  • Ensure adherence to internal policies of the bank as well as external policies from regulators.
  • Monitor compliance with both external regulations and the FX policy with respect to the foreign exchange management processes of the Bank.
  • Prepare Exposure summary sheet on daily basis for onwards submission to Head of Market Making or Senior Market Making dealer.
  • Promptly report any deviation to Acting Head of Treasury.


Prerequisites



  • Degree in Banking or Finance from a recognized university OR an alternative qualification from a recognized university/professional body in a field of study relevant to the scope of work OR any other qualifications, acceptable to the Bank.
  • An ACI certificate is mandatory or expected within the next 6 months.
  • Candidate should have a minimum of 1-year experience in the Treasury function in banking environment.
  • In depth knowledge of treasury products.
  • Good understanding of Regulatory guidelines with regards to foreign exchange market.


Skills



  • Problem Solving and Analysis.
  • Communications Skills.
  • Interpersonal Style.
  • Governance.
  • Personal Organisation.
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