Trader, Treasury Markets

Trader, Treasury Markets

About the Job

The Global Markets division of ICBCS offers sales, structuring, and trading expertise to our clients across a range of products, with particular strengths in Emerging Markets. The Global Markets division comprises of two core businesses, namely Commodities and Fixed Income and Currencies (FIC).

The Commodities business provides trading, sales, working capital solutions and structuring expertise through its Metals and Energy teams. The division's expertise extends to the management and financing of physical commodity inventories across these asset classes.

The FIC business offers a comprehensive set of foreign exchange, interest rates, credit, money markets, capital markets and structured financing products.

Our clients include financial institutions, corporations, governments, and institutional investors around the world.

What you'll be doing

The Treasury Markets Trader works within the Treasury Markets team for FIC and is primarily responsible for the bank's cash management, whilst assisting in the execution of deposit raising and deployment of surplus liquidity.

The role will be for a Certified Person and will be expected to comply with the regulatory conduct rules.

You'll be responsible for:

Cash management

• Manage the bank's cash management profile, ensuring all nostros are flat at close of business each day.
• Manage the bank's BoE profile, ensuring we remain compliant with required cash balances on a rolling 5 day basis
• Identify and execute short term cash deployment opportunities that produce the highest returns on surplus cash.
• Manage reverse repo portfolio, where surplus liquidity is deployed for an enhanced yield.

Interest Rate Risk in the Banking Book (IRRBB)

• Ensure that all IRRBB is centralised, appropriately measured and managed within Treasury Markets.
• Execute on hedging of IRRBB through appropriate derivatives.
• Manage IRRBB within approved limits and profit from risk taking.

Funding management

• Working closely with Corporate Treasury, ensuring the bank maintains its regulatory and internal liquidity limits.
• Collaborate with Sales in pricing for deposits across various currencies
• Book internal funding trades to GM desks and manage trade lifecycle

Financial Management

• Manage daily P&L reporting and understand key revenue drivers.

Stakeholder Management

• Develop and maintain effective relationships with colleagues - within other ICBCS business units and the wider ICBC Group, with authorized counterparties, brokers and other financial institutions to promote reciprocity.

What you'll need to be successful

We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch

• Experience with preference for Treasury and/or market execution related experience.
• Good knowledge of Rates and FX markets, in both cash and derivatives.
• Good understanding of BASEL 3 liquidity risk requirements (LCR & NSFR).
• Knowledge and application of relevant Global Market trading systems.
• Understanding of FCA rules and regulations or equivalent
• Finance / budget management
• Knowledge of emerging market

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What's in it for you?

• Financial market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working the option to work remotely up to two days per week, depending on the role.
• Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
• Community paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development a suite of opportunities to build the skills you need to excel in your role

If you're excited about becoming part of our team, get in touch. We'd love to hear from you

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.