Join Rand Merchant Bank (RMB) as a Foreign Exchange Dealer
Location: Lagos
Employment Type: Full-Time
About Rand Merchant Bank (RMB)
Rand Merchant Bank (RMB), a distinguished arm of FirstRand Bank Limited, is a prominent player in Africa’s corporate and investment banking landscape. As part of one of the continent’s largest financial services groups, RMB excels in providing cutting-edge advisory, funding, trading, corporate banking, and principal investing solutions. Our commitment is to drive value and innovation for our clients, positioning ourselves as leaders in the financial sector.
Job Opening: Foreign Exchange Dealer
Are you an experienced trading professional with a passion for foreign exchange markets? RMB is on the lookout for a Foreign Exchange Dealer to join our Lagos team. In this role, you’ll engage in dynamic trading activities, manage substantial trading positions, and deliver exceptional service to corporate and institutional clients. Your expertise will be crucial in navigating market fluctuations and optimizing trading outcomes.
Key Responsibilities
- Execute Trades: Conduct foreign exchange transactions for RMB, including Spot, Forwards, and Swaps, while capitalizing on customer flows and market trends.
- Client Service: Provide a high-caliber trading service to market segment sales teams, ensuring client requirements are met with competitive pricing and professionalism.
- Market Representation: Enhance RMB’s reputation by demonstrating outstanding professionalism and fostering strong relationships with clients, regulators, and other key stakeholders.
- Risk Management: Monitor and manage trading risks, adhering to established guidelines such as trading limits, hedging strategies, and mark-to-market protocols.
- Sales Engagement: Apply a sales-focused approach when dealing with counterparties, enhancing their experience and relationship with RMB.
- Support Coordination: Collaborate with support teams to ensure efficient trade execution and settlement, while sharing valuable market insights internally.
- Compliance Vigilance: Uphold anti-money laundering principles, including customer identification, suspicion reporting, and safeguarding records.
- Client Insights: Stay updated on client business changes and market developments to identify new trading opportunities and keep clients informed.
- Networking & Events: Explore cross-sell opportunities within our client base and engage clients through RMB-hosted events and informal interactions.
- Professional Conduct: Maintain the highest standards of professionalism and ethical behavior in all trading activities.
Qualifications & Experience
- Education: Bachelor’s Degree with at least a 2nd Class Honours in a relevant field.
- Experience: 10-12 years of hands-on trading experience, with a deep understanding of Nigeria’s foreign exchange markets. Experience in fixed income markets and structuring is advantageous.
Essential Skills
- Strong interpersonal and communication skills.
- Proactive team player with proven leadership abilities.
- In-depth knowledge of Central Bank of Nigeria’s exchange control regulations and Debt Management Office guidelines.
- Ability to convey strategies and market views effectively.
- Capability to work under pressure while adhering to risk management guidelines.
Application Details
How to Apply:
If you’re ready to elevate your career with RMB, apply online here to seize this opportunity.
Application Closing Date: To Be Announced
Key Takeaways
- Role: Foreign Exchange Dealer
- Location: Lagos
- Responsibilities: Trading execution, client service, risk management, market engagement.
- Qualifications: Degree in relevant field, 10-12 years of trading experience.
Frequently Asked Questions (FAQs)
1. What does the Foreign Exchange Dealer role involve?
This position focuses on executing and managing foreign exchange trades, providing trading services to clients, and handling market and trading risks.
2. What qualifications are required for this position?
A Bachelor’s Degree with at least a 2nd Class Honours and 10-12 years of trading experience are required. Experience with foreign exchange and fixed income markets is a plus.
3. How do I apply for this position?
Interested candidates can click here to apply online to submit their applications.
4. Is there a specified closing date for applications?
The application closing date is not yet determined.
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