FX Dealer at Citibank Nigeria Limited
Citibank Nigeria Limited (CNL) was incorporated in Nigeria on May 2, 1984 and the oldest international bank in the country. It provides a wide range of financial products and services to corporate and commercial customers, financial institutions and public sector organizations. It offers deposit and loan products, global transaction services, cash management, sales and trading, corporate finance and investment banking products.
We are recruiting to fill the position beloww:
Job Title: FX Dealer
Job Req ID: 25894900
Location: Lagos, Nigeria
Job Overview
- The FX Dealer is an active market maker in the inter-bank FX market on behalf of the Bank and its customers with the primary objective of enhancing revenues accruing to the Bank from trading and market making whilst adhering to all Citi and regulatory limits
- The FX Dealer will focus on daily market making and accurate position taking considering micro and macro-economic issues, interest rates and inflation while looking to expand customer business in conjunction with the Sales Team while using market information to ensure the set revenue target is met.
- Responsibilities also include ensuring that all regulatory requirements as a Market maker in FX are met and providing support for both internal audits and regulatory examinations
Responsibilities
- Primary responsibility for risk taking on spot FX, forward, and swap transactions across major currency pairs with particular focus on USDNGN, XAF, XOF and CDF
- Timely response to client and sales team enquiries all through the trading day
- Daily position management and seeking for opportunities in the interbank market
- Collaborate efficiently with other trading and sales desks within Citi, to win and execute FX transactions for our clients.
- Support any mark to market trading initiative that may arise from time to time.
- Maintaining the trading blotter and managing positions
- Actively make markets to our clients by showing prices and axes as required
- Timely provision of relevant market information, trends and policy changes with colleagues and clients
Requirements
Educational Qualification:
- Candidates should possess a B.Sc/ BA Degree.
- An MBA will be an added advantage.
- Added advantage for candidates possessing relevant professional qualifications e.g. CFA (Certified
Experience:
- Prior work experience in Treasury and/or knowledge of the FX market
- Minimum of 8 years post-qualification experience
- Must be proficient in the usage of Bloomberg and other trading platforms.
- Should have a strong understanding of market trends, economic indicators and regulatory/policy environment.
How to Apply
Interested and qualified candidates should:
Click here to apply
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