Repo Trader - Absa Bank

• Grow turnover and client-numbers, maintaining a market-leading market share and market dominance in repos and the various traded products. Maintain a market-leading repo desk in terms of pricing, execution, and market colour.
• Formulate and execute trading strategies—in line with the overarching Global Markets strategy—to achieve annual product revenue targets and create sustainable returns above cost of equity.
• Provide timely and competitive pricing of traded products to the Sales teams to support the institutional client franchise.
• Foster a strong relationship with market participants and industry regulators.
• Collaborate with internal and external stakeholders to create value and achieve business goals.
• Play a leading role in local market development efforts relating to repos and other short term interest rate products.
• Ensure timely updates of all relevant marks and curves to ensure consistent accuracy in the fair values of financial assets on the bank’s books.
• Manage funding for entire trading desk. Manage the liquidity of fixed-income books.
• Actively market-make all trading desk products as required.
• Independently produce high-quality monthly macro updates, daily market colour, and other ad hoc analyses and research papers.
• Ensure that all documentations are completed on time and to the required standard. Be the custodian of the existing standard master agreements and the agreement negotiation process with new counterparties.

• Apply the highest standards of controls and risk management practices and behaviours. Sustain a culture of proactive risk awareness and control environment improvement.
• Manage the various risks associated with the trading book (market risk, counterparty risk, operational risk, liquidity risk, etc.)
• Operate within and proactively manage all regulatory and internal trading risk limits (dealer mandate, credit risk, market risk, etc.), recording no breaches.
• Adhere to all regulations and codes of conduct relating to trading activities, recording no regulatory sanctions.
• Adhere to all applicable Absa frameworks, policies, and procedures, demonstrating sound judgement and responsible risk management, and when required, highlight breaches and request dispensations & waivers on a timely basis.

• Meet all periodic reporting requirements (regulatory and internal).
• Maintain constant contact with key stakeholders (PCG, PTS, Treasury, CRT, IPV, etc.) to ensure income is appropriately realized and reported.
• Continuously improve efficiency and effectiveness in how tasks and processes are completed on the trading desk.
• Serve as a trusted teammate providing guidance to junior interns and temporal staff.
• Any other duties that will be assigned from time to time by the Head of Trading.

• Degree to honours level
• Any experience in banking and finance preferred

• High analytical capability and demonstrable strength in logical reasoning and critical thinking.
• High curiosity and meticulousness.
• Quick thinker who is not afraid to act decisively. Ability to use own initiative and take decisions with confidence within mandate. Ability to timeously synthesize large amounts of data, draw out and effectively communicate critical insights for decision-making.
• High level of professionalism, ethical and moral code. Advocate for high standards and industry best practice.
• Commercial awareness. Effective and timely strategy formulation and executing.
• Deep understanding of economics and finance principles and markets concepts. Ability to independently conduct research to produce high-quality market colour.
• First-class verbal and written communication; ability to interact with highly sophisticated investors/traders, as well as high-value clients and bank executives.
• Digitally literate, possessing curiosity and comfortable with early adoption.
• High learning agility. Embracer of change. Open-minded to new information and pivoting when necessary.
• Team-oriented and innovative. An effective collaborator with passion and commitment.

• Intermediate understanding of banking and financial markets.
• Good understanding of Absa Bank Ghana’s strategy and objectives.
• Intermediate understanding of external environment (economic, legal, political, and regulatory) and its business impact.
• Good understanding of common financial markets products.
• Good understanding of the regulations and ethical issues relating to financial markets.

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