Thursday, January 01, 2015

Head of Trading

Position:   Head of Trading
Company: National Bank of Commerce (NBC)

Reporting to: Head of Treasury
Dar es salaam
Job Level:VP

Job Purpose:To be accountable for the Treasury Trading team, focusing on executing the mandate of Trading Book Portfolios.
Ensure that all risks are managed under the portfolio in line with the dealing mandates and the relevant policies and procedures


  • Developing and executing trading strategies in line' with the
  • Treasury strategy, the NBC Tanzania trading strategy, and the trading mandate.
  • Approving execution of trading strategies
  • Anticipating market development and identifying trade opportunities with risk-adjusted superior returns
  • Ensuring that the daily transactions and trading activities conform to the set business unit goals and objectives
  • Working closely with the trading desk and sales to support the roll out of Risk Management Products (RMP's)
  • Reviewing and evaluating the performance of individual traders based on business development, income, relationships with counter parties and the regulator, and efforts in growing the trading franchise
  • Keeping up to date with market intelligence and market movements and regularly updating the treasurer, the sales team, and the broader treasury team
  • Generating a daily flash PGL by the cut off time as advised by NBC Tanzania
  • Establishing excellent working relationships with bank counter parties and the regulator (as is appropriate)
Risk Management and reporting 20%
  • Outputs to deliver this accountability:
  • Driving the annual planning and review of trading STP, RAF, and MTP budgets
  • Giving input on and approving dealer mandates for further approval by the head of treasury prior to .submission to risk
  • Reviewing daily risk and EGL reports
Personal development 10%
  • Outputs to deliver this accountability:
  • Actively managing one's own and the team's technical and soft skills development
  • Researching, identifying and proposing training solutions to senior management for one's own and for the teams development
  • Perform all other duties reasonably assigned'
Formal Learning Required
  • A Bachelor degree
  • Computer literacy
  • Preferred Qualifications
  • ACI Dealing Certificate
Experience Required
  • 3-5 years related experience.
Preferred experience
  • Market Making experience
  • Management experience
  • Trading experience
  • In- depth trading knowledge/ experience of local market rates and FX products
  • Knowledge, Expertise and Experience
  • Understanding of the policies, procedures and ethical
  • Requirements of a Treasury environment
  • Leadership skills
  • Good money management skills
  • Understanding of treasury operational processes and controls
  • Excel competency
  • Understanding of mathematics of pricing for FX and
  • Money markets
  • Understanding of political and economic activity and the impacts on exchange rates and interest rates

How To Apply:
Applicants are invited to submit their CV's, copies of certificates, 2 referees and their contacts to;

Human Resources Business Partner (Compliance Department)
National Bank of Commerce (NBC)
7th Floor, NBC House          
P,O. Box 1863
Dar es Salaam

Fax no: +255222113749

If you are not contacted by NBC within thirty (30) days after the closing date, you should consider your application as unsuccessful.

Please send all applications before 12th, January 2015