Scotiabank Nassau, The Bahamas
Jul 16, 2018Full Time
Job Title: Senior Trader- Scotiabank Caribbean Treasury Limited POSITION SUMMARY: Scotiabank has been the Caribbean’s leading financial institution for more than a century. Using its extensive branch network and integrated Caribbean wide banking platform, Scotiabank is well positioned to manage client banking needs in the region. Scotiabank Caribbean Treasury Limited (“SCTL”), located in Nassau, Bahamas, participates in international transactions including derivatives and fixed income products. The Sr. Trader serves as Senior Officer II in accordance with Central Bank governance requirements for regulated entities and is responsible for day-to-day operations and risk management of the Treasury Front Office operation encompassing balance sheet management, liquidity management, gap management, investments and foreign exchange where warranted. The incumbent contributes to the formulation of market strategies and the development of investment opportunities using a variety of instruments to drive portfolio performance. KEY ACCOUNTABILITIES FOR THIS ROLE: Actively manages the unit’s funding and liquidity activity to achieve an optimum funding position by: monitoring daily positions and proactively assessing the impact of deals on portfolio performance, profitability, liquidity and limits; Optimizing surplus liquidity by evaluating, recommending investments/trades based upon established investment parameters; Responsibility for product, pricing and structuring for funding/derivative deals. Responsibility for developing strong productive relationships to balance the needs of the units and those of SCTL for all customers, internal units/branches/subsidiaries of Scotiabank; Responsibility for Risk Management by ensuring all treasury activity is conducted in accordance with prevailing Treasury Risk Management policies and practices as defined by approved Limit Control Sheets (LCS) and Position Authorities (Dealer letters). Effecting appropriate hedging trades to rebalance portfolio risk; ensuring transactions and positions remain within established limits; and escalating potential limit violations and exceptions together with planned corrective action to the MD/Regional Treasurer/Trade Floor Risk Management; Contributing to the continued evolution and improvement of the quality/content/ relevance of existing reporting and initiate changes as required. Ensuring adequate and accurate Management Information returns and reports, sufficient to satisfy the requirements of Senior Management/Board of Directors in a timely manner; along with maintaining a thorough knowledge of departmental activity, positions and limit usage, portfolios; Contributing to the performance and development of all supervised Front Office staff; EDUCATIONAL REQUIREMENTS: A postgraduate degree in Finance or related discipline, Chartered Financial Analyst (CFA) Preferred Minimum 5-10 years’ experience in a Treasury environment. FUNCTIONAL COMPETENCIES: Thorough knowledge of financial markets, products and trading activities gained through formal training and/or on-the-job experience. Excellent knowledge of money market products including swaps, futures, non-deliverable forwards and asset/liability management. Thorough understanding of local/regional/international financial markets, economic and business environment and the effects on portfolio performance. Strong interpersonal skills, professional judgment and tact in dealing with Board of Directors, Senior Executives, Global Treasury, regional/international trading desks, branches and units. Working knowledge of personal computers and spreadsheet programs Clear, concise communication skills (both verbal and written) for day-to-day communication in the English Qualified candidates should submit their CV.