Trader, Treasury Markets (m|f|x) London

The Global Markets division of ICBCS offers sales, structuring, and trading expertise to our clients across a range of products, with particular strengths in emerging markets. The Global Markets division comprises two core businesses: Commodities and Fixed Income and Currencies (FIC).

The Commodities business provides trading, sales, working capital solutions, and structuring expertise through its Metals and Energy teams. The division’s expertise extends to the management and financing of physical commodity inventories across these asset classes.

Tasks

The FIC business offers a comprehensive range of foreign exchange, interest rate, credit, money market, capital market, and structured financing products.

The Treasury Markets Trader works within the Treasury Markets division of Global Markets and is primarily responsible for the bank’s cash management, while assisting in the execution of deposit raising and the 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.

Profile / Your qualification / Your personality

• Experience in a treasury and/or market execution-related role would be beneficial
• Good knowledge of rates and FX markets, including both cash and derivatives.
• Good understanding of Basel III liquidity risk requirements (LCR & NSFR).
• Good understanding of hedge accounting.

Cash management

• Manage the bank’s cash management profile, ensuring all nostro accounts are balanced at the 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 generate the highest returns on surplus cash.
• Manage the reverse repo portfolio, where surplus liquidity is deployed to generate an enhanced yield.

Interest Rate Risk in the Banking Book (IRRBB)

• Ensure that all IRRBB is centralized, appropriately measured, and managed within Treasury Markets.
• Execute hedging of IRRBB using appropriate derivatives.
• Manage IRRBB within approved limits and profit from risk-taking.

Funding Management

• Work closely with Corporate Treasury to ensure the bank maintains its regulatory and internal liquidity limits.
• Collaborate with Sales on pricing for client deposits across various currencies.
• Set daily pricing and assist in managing Certificate of Deposit and Medium-Term Note issuances
• Post internal funding trades to GM desks and manage the 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 broader ICBC Group, as well as with authorized counterparties, brokers, and other financial institutions—to foster mutual cooperation.

Application

We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch.

Share this offer on LinkedIn →

Location

20 Gresham Street, GB-EC2V 7JE London