Zambia National Commercial Bank (ZANACO)
Zambia National Commercial Bank (ZANACO)
Posted Job
over 3 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This listings application deadline has expired so it is probably out of date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...
Umoyo Natural Health
Umoyo Natural Health
Beauty, skincare and cosmetics
Grapefruit Oil  Citrus Paradisi Organic Essential Oil 10ml  image
$11.63
Buy on Shopbwana
Grapefruit oil has a fresh citrus odour and can have a positive, uplifting effect on your mood. It is recommended as part of anti-cellulite blends because of its toning and astringent effects. Citrussy Grapefruit uplifts and detoxifies, beneficial for cellulite and water retention, and as an astringent for oily skin and hair.
Umoyo Natural Health
Umoyo Natural Health
Beauty, skincare and cosmetics
Lavender Lavandula Angustifolia Organic Essential Oil 10ml  image
$18.07
Buy on Shopbwana
This is the most popular and versatile oil in aromatherapy. It is a must for the first aid box - a good oil for irritating skin conditions where there is inflammation, burns, scarring etc. Lavender is also known for its relaxing and calming properties. It is known to relieve headaches and insomnia as well as benefit throat infections, colds and flu.
Umoyo Natural Health
Umoyo Natural Health
Beauty, skincare and cosmetics
Lemon Citrus Limon Organic Essential Oil 10ml  image
$6.73
Buy on Shopbwana
This lively oil with its refreshing citrus aroma is highly antiseptic making it useful in treating wounds and infections. It can also be used in the home to clean and deodorise.
Umoyo Natural Health
Umoyo Natural Health
Beauty, skincare and cosmetics
Grapeseed  Vitus Vinifera Organic Carrier Oil 100ml  image
$15.30
Buy on Shopbwana
Grapeseed oil is suitable for all skin types. Its virtual lack of aroma makes it an ideal base for essential oils. Extremely soothing and an excellent emollient, it is ideal for skins that do not absorb oils easily, as it is finer even than sweet almond, and therefore absorbs more quickly, leaving the skin feeling satiny soft. It does not aggravate acne and is purported to have regenerative and restructuring virtues due to its essential fatty acid content, which is important for skin and cell membranes. Its slightly astringent nature may also help tone the skin.
Umoyo Natural Health
Umoyo Natural Health
Beauty, skincare and cosmetics
Eucalyptus  Smithil Organic Essential Oil 10ml  image
$6.73
Buy on Shopbwana
This essential oil is very pleasant for use in massage blends and steam inhalations. It helps clear breathing passageways and can protect against colds. It can be a useful oil to relieve insect bites as well as muscular aches. It is a well-known oil for decongesting and thus can benefit cold and flu conditions.
Phil Auto Enterprises image
Phil Auto Enterprises
Second hand cars
Vehicle registration and compliance
+2
Lusaka
Phil Auto Enterprises offers a wide variety of top of the range second hand vehicles. Their collection consists of saloons, SUVs, pickups, vans and buses. With all vehicles undergoing rigorous dealer inspections as well as mechanical and electrical check-ups, this company ensures that it supplies the very best cars to its clients. To clients that qualify, Phil Auto offers flexible vehicle financing options - get in touch with their team for details. Vehicle registration and compliance services are also provided. Apart from supplying motor vehicles, Phil Auto also offers professional civil engineering, rehabilitation and maintenance works. This company conducts business with integrity, while providing an exceptional customer service.
GSY Construction Zambia Ltd image
GSY Construction Zambia Ltd
Mining enterprises
Commercial property
Lusaka
GSY Construction Zambia is offering for sale a beautiful piece of land on the left bank of the Zambezi River. The plot is also bordered by the Songwe River and the Chitumbwe River. This commercial property of 102.8230 Hectares is just 8 Kilometres from Livingstone Central Business District and not far from the famous Victoria Falls. It is ideal for a hotel, and a plan for such a development is available. Access to the area is via Kazungula Road. In addition this company is a mining enterprise registered with the Zambian International Trade & Investment Centre as well as the Zambia Extractive Industries Transparency Initiative Council. It is actively looking for suitable gold and copper mining companies to partner with.
Global Connect Travel Tours and Car Hire image
Global Connect Travel Tours and Car Hire
Tours
Car rentals
Tickets and Visas
Lusaka
Global Connect Travel Tours and Car Hire offers a wide range of tour packages. They specialise in creating and facilitating travel experiences that expand awareness, and give each person a true sense of the country and culture they are visiting. It offers a fleet of well maintained, air conditioned vehicles suitable for airport transfers and city transfers as well as safari vehicles. The dedicated travel and consultancy team are ready to offer quality and timely solutions.
Hamerkop Ventures
Property consultants
Haulage and Logistics
Software
Lusaka
UNDER CONSTRUCTION///Founded in 2014, Hamerkop Ventures is headquartered in Lusaka, Zambia with interests in real estate, logistics, and software solutions. They are bullish on the local economy and Africa's growth prospects and confident in taking big bets on the future. Guided by this belief, this company commits itself to meeting the needs of its clients with exceptional professionalism and the highest quality standards. Their industry experts will listen to your needs and offer solutions that will meet your requirement. Get in touch with Hamerkop Ventures and find out how they can help you today!
Vetlab image
Vetlab
Water and sanitation consultants
Food safety and standards
+2
Lusaka
To achieve optimal output from commercial animal production units, Vetlab offers a wide range of tests for monitoring the health of animals and the cleanliness of their environment. Tests include bacteriology, parasitology, water testing, analytical milk testing and feed nutritional testing. Other chemical, microbiological and diagnostic testing can also be carried out. Vetlab has a comprehensive range of lab consumables available for sale, and the company's highly skilled consultants provide food safety auditing and training services.