Dealer, Money Market & Fixed Income Unit - KCB Job Vacancies

Dealer, Money Market & Fixed Income Unit - KCB Job Vacancies
HISTORICAL BACKGROUND
    * The history of KCB dates back to 1896 when its predecessor, the National Bank of India opened an outlet in Mombasa. Eight years later in 1904, the Bank extended its operations to Nairobi, which had become the Headquarters of the expanding railway line to Uganda.
    * The next major change in the Bank’s history came in 1958. Grindlays Bank merged with the National Bank of India to form the National and Grindlays Bank.
    * Upon independence the Government of Kenya acquired 60% shareholding in National & Grindlays Bank in an effort to bring banking closer to the majority of Kenyans.  In 1970, the Government   acquired 100% of the shares to take full control of the largest commercial bank in Kenya. National and Grindlays Bank was renamed Kenya Commercial Bank.
    * In 1972, Savings & Loan (K) Ltd was acquired to specialize in mortgage finance.
    * In 1997, another subsidiary, Kenya Commercial Bank (Tanzania) Limited was incorporated in Dar-es-Salaam, Tanzania to provide banking services and promote cross-border trading.  Since then, the subsidiary has 11 branches. 
    * In pursuit of its Vision: To be the preferred financial solutions provider in Africa with a global reach by 2013, in May 2006 KCB extended its operations to Southern Sudan to provide conventional banking services. The subsidiary has 11 branches .
    * The latest addition into the KCB Family came in November, 2007 with the opening of KCB Bank Uganda Limited which has 13 branches. In December 2008 KCB Rwanda began operations with one branch at Kigali. There are curently 9 branches spread out in the country.
    * The Government has over the years reduced its shareholding to 35% and more recently to 26.2% following the rights issue exercise in 2004, which raised KShs 2.45 billion in additional capital for the bank.
    * In the second Rights Issue exercise held in the year 2008, the Government further reduced its shareholding to 23.1% after raising additional capital for kshs 5.5billion.

    * The bank conducted the third Rights Issue exercise in 2010, in which the Government further reduced its shareholding to 17.74% after raising additonal capital of Kshs 12.5billion.
    * In 2010 S&L was merged with KCB providing access to mortgage finance through the bank's wide branch network.
 
Dealer, Money Market & Fixed Income Unit
Job Ref: TREASURY06/2010
The Position
Reporting to the Head, Money Market & Fixed Income Unit, the successful candidate will provide efficient and effective support for managing a profitable portfolio through market operation as per ALCO guidelines

Key Responsibilities
    * To ensure that Investment is made as per ALCO decisions
    * To satisfy our existing clients’ investment management needs and attract new clients through profitable market operations
    * To generate income for the Bank through target investments as per plan.
    * To ensure that the Bank complies with interest rate and liquidity mismatch risk guide lines of CBK and the Bank.
    * Ensure increase in income and volumes from customers through, offer of innovative solutions and profitable trading in Fixed Income Market.
    * Actively contribute to improvements in quality/efficiency of treasury products delivery process.
    * Actively identify and market clients with potential to grow revenues from sales of treasury products and services.
    * Assist in developing and maintaining client call and visit schedule and follow up on report action points.
    * Keeping customers informed on what is happening in the market and concluding deals with them.

The Person
In order to be considered for the above position, all applicants should have:-
    * A University degree from a recognized university in a relevant field, preferably with an MBA or other relevant postgraduate qualification.
    * At least 3 years general banking experience with at least a minimum of 2 years in a direct foreign exchange and money market trading and treasury operations in a dynamic dealing room
    * A good understanding of micro and macro economics to interpret likely currency and interest rate trends both locally and on the international markets
    * Good understanding of the CBK and Banking Acts and their implications on the organization.
    * Strong all round knowledge of all bank products in the bank is critical due to the level of contact the job holder has with the Bank’s high end customers
    * Comprehensive understanding of the Treasury function from end to end including the back office processing component
    * Comprehensive understanding of all Treasury products including foreign exchange, money markets, derivatives and fixed income
    * A strong understanding of risk management

The above position is a demanding role for which the bank will provide a competitive package for the successful candidate.

If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current position, remuneration level, e-mail and telephone contacts quoting the respective job title or ref no. in the subject field to recruitment@kcb.co.ke.

To be considered your application must be received by 21st October 2010.

Only short listed candidates will be contacted.