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 of two core businesses, namely 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.

The FIC business offers a comprehensive set of foreign exchange, interest rates, credit, money markets, capital markets and structured financing products.

Our clients include financial institutions, corporations, governments, and institutional investors around the world.

The Treasury Markets Trader works within the Treasury Markets team for FIC and is primarily responsible for the bank’s cash management, whilst assisting in the execution of deposit raising and deployment of surplus liquidity.

The role will be for a Certified Person and will be expected to comply with the regulatory conduct rules.

Tasks

Cash management

• Manage the bank’s cash management profile, ensuring all nostros are flat at 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 produce the highest returns on surplus cash.
• Manage reverse repo portfolio, where surplus liquidity is deployed for an enhanced yield.

Interest Rate Risk in the Banking Book (IRRBB)

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

Funding management

• Working closely with Corporate Treasury, ensuring the bank maintains its regulatory and internal liquidity limits.
• Collaborate with Sales in pricing for deposits across various currencies
• Book internal funding trades to GM desks and manage trade lifecycle

Financial Management

• 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 wider ICBC Group, with authorized counterparties, brokers and other financial institutions to promote reciprocity.

Profile / Your qualification / Your personality

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

• Experience with preference for Treasury and/or market execution related experience.
• Good knowledge of Rates and FX markets, in both cash and derivatives.
• Good understanding of BASEL 3 liquidity risk requirements (LCR & NSFR).
• Knowledge and application of relevant Global Market trading systems.
• Understanding of FCA rules and regulations or equivalent
• Finance / budget management
• Knowledge of emerging market

Contact

Location

20 Gresham Street, UK-EC2V 7JE London