Senior Trader: FX

Job Purpose

• To drive sustainable revenue growth and profitability through franchise trading and market-making activities, while providing transparent and liquid markets that strengthen NCIB Markets’ profile, client franchise, and market presence.
• The role is responsible for managing risk within approved limits and regulatory requirements, contributing to business growth through trading, system, and risk initiatives.

Job Responsibilities

• Develop, engage, and execute strategy and business achievement to ensure team profitability in line with agreed budget.
• Achieve budgets by franchise trading and effective management of risk.
• Monitor market trends by researching and engaging with stakeholders on competitor activity.
• Grow profitability by streamlining processes, providing bespoke products and solutions, retaining clients, and encouraging cross selling.
• Build relationships with all necessary stakeholders to deliver on the client value proposition.
• Participate in industry forums to contribute to evolution of the market and market standards.
• Ensure adherence to all market, credit, operational and reputational risk limits, and guidelines.
• Meet business and legislative requirements.
• Ensure trading process optimisation for the current and new regions.

Essential Qualifications

• Relevant S.T.E.M degree

Preferred Qualification

• Post graduate degree in Mathematics or Statistics

Preferred Certifications

• Applicable market and regulatory qualifications (RPE, ACI, JSE Traders Exam). 
• While preferred at appointment, these certifications must be obtained and maintained where required for the effective fulfilment of role responsibilities and regulatory compliance.

Minimum Experience Level

• 3 years’ experience in Global Markets market making and trading risk on SA and Africa FX derivative products.

Type of Exposure

• Experience in complex FX non-linear products and markets
• Expertise in FX derivative structuring
• Proven track record in monetising FX derivative flow
• Strong understanding of non-linear risk management
• Experience in multi-curve pricing environments
• Strong quantitative and qualitative analytical skills
• Ability to identify market trends and opportunities
• Experience in risk identification and mitigation
• Strong report-writing skills
• Effective stakeholder management and relationship building
• Ability to influence and secure stakeholder buy-in
• Strong problem-solving and innovation capability
• Experience preparing and delivering presentations

Technical / Professional Knowledge

• Business Acumen
• Principles of financial management
• Relevant financial market knowledge
• Relevant regulatory knowledge
• Knowledge and analysis of industry trends
• Research methodology
• Financial product knowledge
• Relevant economic knowledge
• Relevant software and systems knowledge
• MS Office

Behavioural Competencies

• Building Customer Loyalty
• Earning Trust
• Communication
• Collaborating
• Decision Making
• Work Standards
• Managing Work
• Technical/Professional Knowledge and Skills