Group Manager, Trading at Ecobank Nigeria

Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS).

We are recruiting to fill the position below:

Job Title: Group Manager, Trading

Location: Lagos
Employment Type: Full-time
Reports to: Group Head, Treasury and Head Fixed Income, Currencies & Commodities (FICC)

Job Purpose

• Working within the Group Treasury & FICC business of the Bank, the Group Manager, Trading will play a critical leadership role in managing and optimizing trading activities within the organization.
• This position involves overseeing the execution of trading strategies, managing market risks, and ensuring compliance with regulatory guidelines.
• He/she will work collaboratively with cross-functional teams to contribute to the overall success and financial well-being of Ecobank.

Job Context

• This role reports to the Group Head, Treasury & Head FICC and oversees all Trading activities across the Group (affiliates and entities - where applicable).
• He/she will be responsible for leading and managing the bank's trading activities across all asset classes, including foreign exchange, fixed income, and derivatives.
• The incumbent will work closely with a team of traders to develop and implement trading strategies, execute trades, and manage risk exposure.
• The incumbent will also be responsible for overseeing the bank's trading infrastructure and ensuring that it meets all regulatory requirements.

Key Responsibilities
Trading Strategy and Execution:

• Develop and implement effective trading strategies aligned with the bank's risk appetite and financial objectives.
• Execute trades in various financial instruments, including but not limited to currencies, fixed income, and derivatives.

Risk Management:

• Assess and manage market risks associated with trading activities.
• Implement risk mitigation strategies and ensure compliance with risk management policies and procedures.

Market Analysis and Research:

• Stay abreast of global and regional market trends, economic indicators, and geopolitical events.
• Conduct thorough market research to inform trading decisions and identify emerging opportunities.

Regulatory Compliance:

• Ensure adherence to relevant regulatory requirements and reporting standards.
• Collaborate with compliance and legal teams to address regulatory concerns and implement necessary changes.

Stakeholder Collaboration:

• Collaborate with internal stakeholders, including Risk Management, Finance, and Operations, to align trading activities with overall business strategies.
• Build and maintain relationships with external partners, brokers, and counterparties.

Team Leadership:

• Provide strong leadership to the trading team, fostering a culture of excellence, collaboration, and continuous improvement.
• Develop and mentor team members, promoting skill development and career growth.

Performance Monitoring and Reporting:

• Develop and implement key performance indicators (KPIs) to measure the success of trading strategies.
• Provide regular reports to senior management on trading performance, risk exposure, and compliance metrics.

Technology Integration:

• Stay informed about advancements in trading technologies and recommend upgrades or implementations to enhance efficiency and effectiveness.

Qualifications & Experience

• Bachelor's Degree in Finance, Economics, or a related field. MBA or relevant postgraduate qualification is a plus.
• 10 years of progressive experience in trading within the financial industry, with a focus on global markets.
• Strong understanding of financial instruments, market dynamics, and risk management principles.
• Proven leadership experience, with the ability to inspire and manage a high-performing team.

Competencies & Behaviours:

• Results-oriented with a focus on achieving measurable outcomes.
• Flexibility/adaptability to change.
• Strong analytical and organizational skills.
• Excellent analytical and decision-making skills, with the ability to thrive in a dynamic and fast-paced environment.

Application Closing Date
19th December, 2023.