Responsibilities:
- To conduct money market / FX trades for the bank’s funding positions of all currencies, and ensure full compliance with all relevant policies and procedures.
- To manage the overall liquidity with money market, certificates of deposit, medium term notes, interest rate derivatives such as IRS and CCS and foreign exchange swap transactions.
- To monitor closely the currency-pair swap points and its interest rates movement on a daily basis. Conduct arbitrage positions where applicable with the aim to lower the overall cost of funding for the branch.
- To manage gap position using overnight and term borrowings and placements and ensure strict adherence to all relevant policies and procedures.
- To manage the cash flow positions of the banking book and ensure that its liquidity is always well maintained and adequately provided.
- To fund the DBU book for SGD assets and observe strictly the relevant statutory requirements.
- To monitor and ensure that all the nostro and vostro accounts are adequately funded and guard against nostro account overdraft incident and minimize excess funds in vostro account.
- To adhere strictly to the power of attorney and the stipulated dealer authorization limits.
- To actively source for funding channels for the branch with lowering cost of funding objectives.
- To comply fully with relevant local and Head Office financial markets’ rules and regulations.
- To establish and maintain cordial interbank counterparty dealing relationship and adhere to financial market regulatory and practices (FMRP) when interacting with them.
Requirements:
- Degree in Economics, Business, Finance, Mathematics and relevant qualifications
- Minimum 2.5 years of money market or foreign exchange working experience in a financial institution.
- Mature with good communication skills and must be able to work independently
