Zambia National Commercial Bank (ZANACO)
Zambia National Commercial Bank (ZANACO)
Posted Job
almost 4 years ago

Head Trading X1

This listings application deadline has expired so it is probably out of date

View all jobs →

Zambia National Commercial Bank Plc (Zanaco) is inviting applications from suitably qualified and experienced individuals for the following job aimed at contributing to the Bank’s strategic vision, in the Commercial Divisionunder the Treasury Department to be based at Head Office:-

Job Purpose

• The Head Trading is responsible for the development and implementation of the Treasury trading strategy

• The role holder will play a key role in managing the dealing room with emphasis on trading and execution and will spearhead the market making function of Treasury.

Under the supervision of the Treasurer, the following are among the Job Key Responsibilities:-

• To provide critical input in the Bank’s overall Asset and Liability Management (ALM) strategy.

• To maximize foreign exchange and money market trading income through effective fundamental and technical market analysis.

• To effectively manage the Bank’s single and overall currency positions.

• To ensure that trading is done within stipulated limit requirements.

• To generate, identify, evaluate and make recommendations on overall Treasury strategy and business.

• To establish an operating rhythm driving the Bank’s Treasury trading proposition.

• To drive the trading strategy complementing all Treasury trading sales.

• To drive initiatives to stem balance sheet and income leakages.

• To drive Treasury product utilization across all client segments.

• To be accountable for all Treasury trading instruments and products financial KPI’s.

• To identify, manage and ensure the high value-at-stake initiatives from Treasury are realized.

• To proactively manage all interest rate risks associated with the gathering of liabilities and assets within the Bank operation where this is the direct responsibility of Treasury.

• To apply the transfer pricing policies of the Bank at all times.

• To ensure all financial and non-financial targets are met.

• To champion the ALM process and add value through efficient balance sheet management to the country ALM process as required within the guidelines set by the Bank.

• To ensure effective management of surplus and short funding positions to enhance liquidity and maximize returns.

• To manage the cost of deposits in accordance with the agreed Treasury Strategy.

• To manage all interest rate risks associated with gathering of liabilities and assets creation, where this is the direct responsibility of Treasury.

• To ensure that gathering of liabilities and assets is done within set guidelines and limits as set by the Bank and in adherence to regulatory requirements.

• To effectively trade the Bank’s currency positions to maximize profitability.

• To effectively trade Money Market Instruments to ensure strategic Asset & Liability alignment in accordance with overall ALM strategy.

• To identify pertinent performance and risk management issues.

• To effectively provide pricing to perform the market-making role in order to achieve price discovery.

• To ensure the right Asset/Liability portfolio mix in line with strategy.

• To manage liquidity mismatches via execution of strategy and manage maturity mismatches via execution of strategy.

• To review mark to market valuations on the securities portfolio in liaison with the Middle Office.

• To provide informed strategic decisions to effectively perform the daily forex and money markets trading.

• To anticipate stakeholder (Central Bank, Ministry of Finance, commerce bodies, Stock Exchange etc.) actions in order to formulate business planning.

• To develop and promote new Treasury Products and services as required by Treasury internal and external customers.

• To provide input into the Treasury Business Plan that encompasses and supports the Treasury vision.

• To execute defined servicing model for Forex Trading/Money Markets.

• To ensure that all regulatory requirements are met and that all internal policies and procedures are complied with.

Internal/External Contact

• External: Local Regulators on statutory matters; Financial Institutions

• Internal: All Divisions.

Qualifications and Experience

• Grade 12 Credit or above mandatory in Mathematics and English and any other three subjects.

• University Degree in relevant subject.

• MBA is an added advantage.

• Treasury Qualification such as ACI or ACT.

• At least five (5) years Treasury experience.

• Knowledge of the Banking/Treasury products, services and policies and/or other specialist knowledge required to undertake the role.

• A detailed knowledge and understanding of technical services provided by Service Delivery support of system platforms.

Job Core Competencies

• Verbal and written communication

• Networking/Liaison

• Persuading and selling

• Drive for results

• Analytical thinking

• Team work

• Analysis

• Monitoring

• Problem solving

• Conceptual thinking

• Strategic leadership

• Presentation and facilitation

How to apply

All applications MUST have an application/cover letter, copies of qualification certificates including Grade 12 and detailed curriculum vitae indicating the position being applied for in the subject line and should be sent by email to the link below:

Zambia National Commercial Bank (ZANACO) image
Zambia National Commercial Bank (ZANACO)
Lusaka
Personal banking
Agribusines and SME business banking
Corporate finance
Electronic payment systems
Investment
Loans
Zambia National Commercial Bank, commonly known as ZANACO provides personal and business banking, corporate finance, Visa payment systems, investment and loan facilities. ZANACO is the largest financial services provider in Zambia. ZANACO has partnered with Zampost to allow customers to deposit and withdraw funds from their accounts from anywhere in Zambia. The bank has a special interest in agribusiness and small and medium enterprises, offering SMEs payroll solutions.
You may be interested in...
Ogaz Zambia Ltd
Ogaz Zambia Ltd
Petroleum oil marketing
6kg LPG refill image
$7.94
Buy on Shopbwana
6kg LPG refill
Gas Cylinder
This 6kg gas cylinder is ideal for table top patio heaters and small portable BBQs, making it the perfect solution to fuel your summer. If you currently have an empty cylinder, then all you need is a gas refill. Simply exchange your empty bottle for your new cylinder upon delivery. If you don’t have an empty cylinder, you will need to purchase a new cylinder. Ogaz will give you a cylinder refill agreement for your purchase.
Ogaz Zambia Ltd
Ogaz Zambia Ltd
Petroleum oil marketing
Pump sales image
$1.41
Buy on Shopbwana
Pump sales
Gas Cylinder
Dynamax Distribution Ltd
Dynamax Distribution Ltd
Distribution and Merchandising
Fluorescent Ink Highlighter 4 Pack   Orange Yellow Pink & Green image
K37.30
Buy on Shopbwana
Was K57.40! Bold Bright non-fading highlighter pack that has a semi-transparent barrel to view ink level. The liquid flow design allows for continuous highlighting without loss of ink
Umoyo Natural Health
Umoyo Natural Health
Natural health
Vegan Health Rusks  High in Fibre Protein & Omega 3 image
K45
Buy on Shopbwana
Delicious high fibre rusks that are also high in protein.
Umoyo Natural Health
Umoyo Natural Health
Beauty, skincare and cosmetics
Black Castor Oil Body & Hair 100ml image
K150
Buy on Shopbwana
Hair & Skin Benefits: Replenishes, Rejuvenates, Nourishes. Ingredients: 100% Ricinus communis(castor) seed oil. Umoyo Black Castor Oil is pure and unrefined, retaining all the healing nutritive & healing properties, making it great for: Skin softening, Moisturizing, Massage oil, Hot oil treatment for dry damaged hair. Black Castor Oil works for all hair types and has amazing benefits. It will moisturize, thicken, strengthen and rapidly increase hair growth. It increases blood flow to the scalp, supplying valuable nutrients to hair follicles.
Ola Zambia image
Ola Zambia
Building materials
Solar and Renewable
+5
Lusaka
Established in January 2018, Ola Zambia is an online bulk shopping market place for an extensive range of products including building materials, sanitary ware, furniture, kitchen fittings, hotel supplies, electronic appliances, power tools, sports equipment, garden accessories, tents, marquees, solar power systems, generators to mention but a few. Retailers and individuals that require special goods imported for them can get in touch with this company. Their procurement team is able to source and deliver a wide selection of products from leading manufacturers and distributors at great prices.
Essential Skincare image
Essential Skincare
Hospitality supplies
Beauty, skincare and cosmetics
Mazabuka
Lusaka
Essential Skincare manufactures high quality organic skincare products and a spa range for salons and spas. The range is born out of a love for Africa, its nature and the desire to create skincare products that, without harming us or the environment, deliver maximum benefits to our skin through the careful blend of pure, natural and beautiful African plant extracts. Synthetic chemicals, cheap fillers, nasty additives and parabens have no place nourishing our skin. Currently available across Zambia and exported to South Africa, Malawi and Russia.
Katies Zambia image
Katies Zambia
Alcoholic beverages
Gift shops and Souvenirs
Toiletries and personal care
Ndola
A bespoke boutique store specialising in gifts, home décor, and many other interesting articles that are not easily found in Zambia. The Katies' range includes a shisha emporium, cigars, confectionery, health foods, natural body products, gift sets, sunglasses, watches, Zippo lighters and accessories, as well as wines, gins and alcoholic cocktail mixes. Katies Zambia continuously adds more products to their online store so keep checking back! If there is an item you've been looking for and it is not listed here, feel free to get in touch with them.
Taj Pamodzi Lusaka image
Taj Pamodzi Lusaka
Hotel
Fine dining restaurant
+4
Lusaka
Taj Pamodzi Lusaka is conveniently located just 22 km from the airport and 5 km from the city centre, offering quality 5 star hotel accommodation with 193 air-conditioned luxury rooms. The hotel has two restaurants, five meetings rooms, a large reception room ideal for weddings and galas, a squash court and a sparkling outdoor swimming pool. Relax in the spa and enjoy a fully equipped modern gym, with steam and sauna rooms - guests have complimentary access. Airport transfers available.
British Chamber of Commerce image
British Chamber of Commerce
International NGO
Lusaka
This chamber of commerce is an independent non-profit organisation that helps promote trade and commercial relations between Zambia and the United Kingdom. Set up in Zambia as a company limited by guarantee, the chamber seeks to play a major role in identifying and growing business opportunities locally and regionally. It collaborates with other business groups and fosters strong ties with regional counterparts. The British Chamber of Commerce in Zambia works with businesses of all sizes and sectors.