Title:  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

Employment Equity Statement

Preference will be given to individuals from underrepresented groups