At a Glance
- Tasks: Manage cash, execute trades, and optimise liquidity for the bank.
- Company: Join ICBC Standard Bank, a leading global financial markets and commodities bank.
- Benefits: Competitive pay, hybrid working, generous parental leave, and wellness support.
- Other info: Opportunities for professional growth and a supportive work culture.
- Why this job: Be part of a diverse team making impactful financial decisions.
- Qualifications: Experience in Treasury or market execution, with knowledge of Rates and FX markets.
The predicted salary is between 60000 - 80000 £ per year.
The Treasury Markets Trader works within the Treasury Markets within Global Markets 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 a Certified Person under the Senior Manager and Certified Person Regime and will be expected to comply with the regulatory conduct rules under the regime.
We're looking for the following skills and experience:
- Experience in a Treasury and/or market execution related role would be beneficial
- Good knowledge of Rates and FX markets, in both cash and derivatives
- Good understanding of BASEL 3 liquidity risk requirements (LCR & NSFR)
- Good understanding of Hedge Accounting
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 for clients
- Set daily pricing and assist in management of Certificate of Deposit and Medium-Term Note issuances
- Book internal funding trades to GM desks and manage trade lifecycle
Financial Management and Reporting
- 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
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 vision 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!
Trader, Treasury Markets in London employer: ICBC Standard Bank Plc
ICBC Standard Bank Plc (ICBCS) is an exceptional employer, offering a dynamic work environment in the heart of London where talented professionals can thrive. With a strong commitment to employee development, a diverse and inclusive culture, and comprehensive benefits including flexible working options and generous parental leave, ICBCS empowers its team members to grow their expertise while enjoying a fulfilling work-life balance. Join us to be part of a global network that values individuality and collaboration, ensuring everyone can succeed together.
StudySmarter Expert Advice🤫
We think this is how you could land Trader, Treasury Markets in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in Treasury Markets. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Rates and FX markets. Be ready to discuss how you’d manage cash profiles and handle liquidity risk. Show them you know your stuff!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values. Check out our website for roles that excite you and fit your skills. We want to see your application!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. It shows your enthusiasm and professionalism, which can make all the difference in landing that job.
We think you need these skills to ace Trader, Treasury Markets in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your knowledge of Rates, FX markets, and any relevant Treasury experience to catch our eye!
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for the Trader role. Share specific examples of your cash management experience and how you’ve navigated liquidity risk in the past.
Showcase Your Stakeholder Management Skills:We value collaboration! Mention any experiences where you've built effective relationships with colleagues or clients, especially in financial settings. It’ll show us you can thrive in our diverse team.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at ICBC Standard Bank Plc
✨Know Your Markets
Brush up on your knowledge of Rates and FX markets, especially in cash and derivatives. Be prepared to discuss recent trends and how they might impact cash management strategies.
✨Understand Regulatory Requirements
Familiarise yourself with BASEL 3 liquidity risk requirements, including LCR and NSFR. Being able to articulate how these regulations affect treasury operations will show your depth of understanding.
✨Cash Management Insights
Prepare to discuss your experience with cash management and how you would ensure all nostros are flat at the end of the day. Think of examples where you've identified and executed short-term cash deployment opportunities.
✨Stakeholder Engagement
Highlight your ability to build relationships with colleagues and external partners. Be ready to share examples of how you've collaborated with different teams to achieve common goals in a financial context.
