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For Companies At a Glance
- Tasks: Manage cash balances and execute money market deals to maximise revenue for the Bank.
- Company: Join a leading UK bank with a strong reputation in financial services.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Be at the forefront of banking, influencing financial strategies and client relationships.
- Qualifications: Degree in Finance or related field; experience in money markets preferred.
- Other info: Dynamic work environment with a focus on innovation and risk management.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Job Title: Treasury Dealer – UK
Industry: Banking
Location: United Kingdom
Salary: Competitive Salary + Other Benefits
Role Purpose
Reporting directly to the Head of Treasury, the Treasury (Money Market) Dealer is responsible for:
- Managing daily cash balances, surplus cash and monitoring the money market to maximise revenue opportunities for the Bank.
- Prepare and send daily MM rate sheet to Financial Institutions.
- Prepare and send daily MM rate sheet to EMDO clients.
- Prepare and send daily Market Update to Bank subsidiaries.
- Pricing of all money market deals based on rate guide as agreed with the Head of Treasury
- Assisting the Head of Treasury in implementing ALCO (ALM) strategy.
- Managing and maintaining client relationships with key market contacts, pursuing new leads and developing business with the current client base and strengthening existing relationships
- Ensuring transactions are executed in an efficient and compliant manner, including confirmation, settlement and accurate recording of all treasury deals.
- Keep up to date on the international financial, economic, political and social trends and market developments; assess their possible effects on FX and interest rates; and advise Head of Treasury on business recommendations.
- Monitoring the economic environment and developments in the financial market to: seek out new business opportunities; identify new, profitable lines of business which fit with the Bank\’s business strategy and to meet business objectives.
- Execute the chosen trading strategies identified by Head of Treasury
- Maintaining, developing and enhancing the Front Office processes, procedures and controls in line with the regulatory framework in place.
- Acts as First Line of Defence in the risk management framework to anticipate, identify and manage potential market, credit and operational risks.
- Ensure KYC process is carried out effectively before business is undertaken and transactions processed with any new clients.
- Ensure adherence to existing limits before business is undertaken and transactions processed with any new clients.
- Carrying out FX transactions to maximise revenue generation opportunities within the Bank risk framework and regulatory limits.
- Act as back-up to Fixed Income dealer during busy days or period(s) of absence of the Fixed Income dealer.
- Act as back-up to FX dealer during busy days or period(s) of absence of the FX dealer.
- Pricing of all incoming MFX requests from all clients
- Produce numerous daily/weekly/monthly blotters and spreadsheets for analysis and reporting purposes.
- Provide continuous assistance to other areas of the Bank
Experience
Technical
- In-depth knowledge and experience of money markets, and FX Brokerage business/ function
- Experience of Fixed Income dealing or brokering in the international markets
- Proven Experience in a Financial Services (treasury or banking) environment with exposure to the Treasury Products and emerging market currencies (mainly African)
- Proven knowledge of the dynamics of the money market business and the factors influencing interest rate movements
- Advanced IT skills including Word, Excel and PowerPoint.
- Knowledge of cash management, the finance market and banking processes
- KYC Knowledge
General
- General experience and background for successful execution of the role
- Money market trading experience in a UK-based financial institution
- Excellent numerical and analytical skills
- Flexibility to serve as temporary back up to Fixed Income and FX dealer during period(s) of absence
Qualifications/Education/Training
Essential
Desirable
- University degree or equivalent in Finance, Accounting, Business or Economics
- ACI Dealing certification
- CTP certification
Key Competencies
Market Knowledge
- Awareness and understanding of the wider business, economic and market environment in which the Bank operates:
- Knowledge of the competitive environment and reach of the Bank – countries, customers and competitors
- Focus on competitor offerings
- Knowledge of Customer needs
- Wider banking and regulatory knowledge
Trade Execution Ability
Awareness of basic Treasury trade execution platforms and process:
- Ability to execute money market, FX and fixed income brokerage trades via voice, mail, Bloomberg, Refinitiv and other web-based platforms
- Awareness of treasury money market and FX products such as spot, outright forward and swaps
- Awareness and understanding of trade execution and settlement terms
Business Strategy & Business Model
Awareness and understanding of the Bank\’s business strategy:
- Execute transactions which support the Bank\’s strategy and operate in line with the business model
- Monitor income from money market, FX and fixed income activities against budget and institute appropriate/corrective actions when faced with negative variances
- Prompt customer service; customer first spirit
Risk Management & Control
Identify, assess, monitor, control and mitigate risks to the Bank:
- Ensure transactions captured are within agreed bank risk limits and exposures tolerance levels; compliant with client controls and credit policy
- Processes and controls are in place to effectively control the transaction lifecycle, including reconciliations and analysis
- Trade within Risk Limits for counterparty and credit risk
- Knowledge of the potential Financial Crime/AML/Risks inherent in the Bank\’s markets
- Ongoing AML/KYC training is up to date and tested
Governance Oversight & Controls
Assess the effectiveness of the Bank\’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, to oversee changes in these areas:
- Awareness and understanding of Treasury governance, oversight and controls.
- Business continuity plan tested and maintained from a Treasury perspective.
- Ensure KYC is carried out prior to transacting with new clients.
- Understanding of the Board approved Risk Appetite Statement.
Regulatory Framework & Requirements
Awareness and understanding of the regulatory framework in which the Bank operates and the regulatory requirements and expectations:
- Book deals within risk limits and exposures tolerance levels.
- Awareness of the regulatory environment the Bank operates in.
- Review regulatory reports to ensure treasury is compliant with regulations and take corrective action where necessary.
- Maintain awareness of current KYC regulations and international AML rules, ensuring KYC due diligence and annual reviews are conducted.
- Comply with FCA and PRA conduct rules.
Regulatory Conduct Rules
- Acts with Integrity, due skill, care and diligence.
- Is open and cooperative with the Regulators.
- Pays due regard to customers interests and treats them fairly.
- Observes market conduct standards.
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Treasury Dealer - UK employer: Antal
Contact Detail:
Antal Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury Dealer - UK
✨Tip Number 1
Network like a pro! Get out there and connect with people in the banking and treasury sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your market knowledge. Stay updated on current financial trends, especially those affecting money markets and FX. This will not only impress your interviewers but also show that you’re genuinely interested in the role.
✨Tip Number 3
Practice your trade execution skills! Whether it’s through mock interviews or simulations, being able to demonstrate your ability to execute money market and FX trades confidently can set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you land that Treasury Dealer role. Plus, applying directly shows your enthusiasm and commitment to joining our team.
We think you need these skills to ace Treasury Dealer - UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Treasury Dealer role. Highlight your experience in money markets and FX brokerage, and don’t forget to mention any relevant qualifications like your ACI Dealing certification.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re the perfect fit for this role. Share specific examples of how you've managed cash balances or executed trades, and show us your understanding of the banking landscape.
Show Off Your Analytical Skills: Since this role requires excellent numerical and analytical skills, make sure to include any relevant experiences where you’ve used these skills effectively. We want to see how you can contribute to our team!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you on our radar quickly!
How to prepare for a job interview at Antal
✨Know Your Money Markets
Make sure you brush up on your knowledge of money markets and FX brokerage. Be prepared to discuss recent trends and how they might impact the bank's strategies. Showing that you’re up-to-date will impress the interviewers.
✨Demonstrate Analytical Skills
Since this role requires excellent numerical and analytical skills, be ready to showcase your ability to analyse data. You might be asked to interpret a market report or provide insights based on hypothetical scenarios, so practice articulating your thought process.
✨Understand Risk Management
Familiarise yourself with risk management frameworks and how they apply to treasury operations. Be prepared to discuss how you would handle potential market risks and ensure compliance with KYC processes. This shows you take the role's responsibilities seriously.
✨Build Rapport with Interviewers
This position involves managing client relationships, so demonstrate your interpersonal skills during the interview. Engage with your interviewers, ask insightful questions, and show genuine interest in their experiences at the bank. A good rapport can set you apart from other candidates.
