Senior Investment Dealer

Key Accountabilities

Execution, time split 50%

Prepare dealing tickets to the intermediaries and ensure they are logged into the fund management system accurately and timeously.

Timely, accurate and competitive dealing with placement counterparties with view to maximizing returns to the organization while managing risk and tax efficiency.

Ensuring timely settlement of the trades with custody and in the Investment system.

Negotiating and closing investment opportunities with potential counterparties.

Implementation of investment decisions made by the Investment Committee in liaison with the investment manager.

Ensuring complete documentation/recording of trades/deals in compliance with internal procedures.

Liquidity Management, Market Intelligence and Strategy Support, time split 20%

Recommend rebalancing actions based on market developments and cash flow needs.

Monitor upcoming investment maturities/Roll-overs and informing investment managers/private wealth clients in a timely manner.

Monitor macroeconomic trends, interest rates, inflation, FX movements, and market sentiment.

Provide investment ideas, trading strategies, and market commentary to the Investment Committee.

Support asset allocation and tactical investment decisions.

Conducting weekly, monthly, and quarterly meetings with the investment team to review investment actions and guide future investment strategies.

Support client reporting and investment reviews where required.

Stakeholder Engagement, Risk Management and Compliance, time split 10%

Initiating and sustaining good relationships with investment counterparties including banks, brokers, custodians, and other market participants to ensure efficient exaction of deals.

Organize continuous and periodic review meetings with listed and unlisted institutions to facilitate investment management decision making.

Coordinate meetings with potential investment issuer

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa Policies and Policy Standards.

Understand and manage risks and risk events (incidents) relevant to the role.

Compliance with Service providers and counterparty SLAs.

Research Analysis, time split 10%

Develop counterparty review models and spearhead the reviews as per business policy.

Initiating and sustaining good relationship with investment brokers and issuers to ensure access to management and relevant decision-making information.

Support in maintaining all research databases always updated.

Leadership & Stakeholder Engagement, time split 10%

Mentor and supervise Junior Investment Dealers.

Ensure smooth interaction between dealing, front office, middle office and back-office operations.

Take charge of own growth and development needs through seeking on the Job training and enrolling in relevant in-house and external courses.

Work closely with the team leader and other team members to ensure world class customer service

Constantly seeking better ways of working by challenging the status quo and supporting an empowering climate within the team, sharing best practice, knowledge, experience and providing constructive feedback as required

Provide cover for team members as required.

Support implementation and adoption of change initiatives

Other Duties

Data steward

Investment Committee coordination

Limit Setting Committee coordination

Preferred Qualification

 A first degree in relevant subjects which may include Finance, Commerce, Actuarial Science etc.

Compliant with the CISI and ICIFA certification requirements.

Professional qualifications which may include CFA, CIFA, CPA, CISI, CAIA and/or other relevant professional qualifications in fund management will be an added advantage.

Preferred Experience

A minimum of five (5) years’ experience in Investment Analysis and Dealing or other relevant areas.

Experience in use of Investment Management and Research Systems.

Knowledge and Skills

Knowledge of the Kenya financial services industry, Capital Markets Authority (CMA) & Retirement Benefits Authority (RBA) Guidelines.

Knowledge of good practice in financial analysis and dealing and related activities including risk and governance frameworks.