Treasury Dealer
| Job title: |
Treasury Dealer |
| Sector: |
Information Technology |
| Salary: |
£24,000 - £35,000 |
| Reference number: |
BR119342 |
| Contract type: |
Permanent |
| Job validation: |
Randstad Job Advertisment |
job description
Our client a High Street financial organisation is looking to appoint an experienced Treasury Dealer for their Leeds Head Office to undertake daily dealing activity in accordance with agreed strategy and assist the Treasury Manager in the development of the Society’s liquidity & wholesale funding portfolios.
Job duties include:
· Authorised dealer in all approved money market and hedging instruments.
· To determine appropriate daily funding levels (bids) in accordance with agreed strategy and borrowing appetite.
· To distribute agreed funding levels to all interested parties (brokers, investors etc)
· To accurately input all transactions on the Treasury Management System on a timely basis.
· To ensure that all transactions are undertaken in accordance with Board policy and within policy limits at all times.
· To balance the daily cash position ensuring all surplus funds are appropriately invested or any deficit is funded accordingly.
· To provide backup support for the dealing of derivatives.
· To produce the daily Front Office dealing diary on a timely basis.
· To produce a weekly schedule of upcoming wholesale funding and liquidity maturities.
· To develop and produce management information on the performance of the liquidity or wholesale funding portfolios.
· Ensure compliance with statutory, regulatory and board policy in relation to individual dealing activity
· To assist the Assistant Treasury Manager in researching additional investment or funding instruments.
· To assist in the continued development of multi-currency funding, investment and hedging activity.
· Ensuring sensitive and confidential data is managed appropriately at all times, encrypted and password protected as directed by policies
· Ensuring potential or actual breaches of IT and information security policies and procedures are escalated immediately
Experience Required
· At least 3 years experience in a similar role within a dealing function of a bank/ building society or retail financial services institution
· In -depth knowledge of UK money markets and financial instruments.
· Good understanding of macro-economic indicators and their practical implications on UK money markets.
· Proven track record of dealing in wholesale funding borrowing instruments e.g. time deposits, CD’s, CP, MTN’s etc
· Proven track record of dealing in fixed income investments e.g. time deposits, CDs, gilts, t-bills etc.
· Ability to communicate at all levels
· A good understanding of Microsoft Excel.
Desirable Experience
· Knowledge/experience of FX contracts, debt capital markets, securitisation, covered bonds, asset & liability management techniques, IAS 39.
· Able to contribute innovative ideas to improve the performance of the Treasury function and to assist in core business development.
· A Degree qualification in a numerate discipline.