Corporate - Treasury Funding – Junior Liquidity Trader Analyst/Associate - Johannesburg

Job description

The Jo'burg Junior Treasury Trader will be responsible for working closely with the local Treasurer to manage the daily funding and liquidity needs in the branch, assist in ensuring that the branch meets the Prudential Regulatory Requirements including liquid asset requirement (LAR), local asset requirements, Real time Rand settlements and collateral needs and understanding of local ZAR currency controls. The Junior Trader will develop local market expertise, particularly in the money markets area and develop solid relationships with the wholesale market participants to ensure a diversified source of available funding. The Junior Trader will be expected to understand the local balance sheet and business and risk drivers as well as interface with London Funding on FTP and Country, Credit, Counterparty and Market Risk limits. The role will assist in preparing information for the local ALCO and funding related meetings with Regulators . The Junior Trader will engage as needed with Corporate Treasury, Credit/GCB, Treasury Services , GEM, Regulatory Reporting and Finance teams to ensure accurate execution of processes and procedures. Additionally, the Junior Trader may be involved in the local and global implementation of the Basel rules, specifically the Liquidity Coverage Ratio and may be asked to take on project work related to local stress-testing and ad hoc funding, liquidity and risk management projects. Key responsibilities include: ·Develop the skills to be an effective back up for the local Treasurer, understanding the funding flows , sourcing and deploying funds within set risk limits to square the book daily, ·Assist and execute funding trades , such as interbank trades, FX Forwards, T-bill purchases to manage the local requirements, adhering to internal risk and regulatory parameters ·Assist in the management of the Prudential Requirements and Real-time Rand Settlements, involves managing the related collateral needs ·Assist in marketing of the wholesale deposits including TDs to MNCs and managing the relationships with inter-bank participants. ·Support the local governance, including preparation and updates for the local ALCO and funding related regulatory meetings. ·Assist in preparation of daily market and local funding commentary and weekly management updates on local liquidity and Treasury activity ·Work closely with the Regulatory Reporting, Finance, Compliance, Liquidity Risk and Market Risk Management teams to develop our Treasury processes and regulatory reports in line with the evolving regulatory environment ·Assist in setting Funds Transfer Pricing and related policies locally ·Analyze balance sheet flows and trends, assessing impact on funding gap and liquidity risk ·Liaise closely with cash management, middle office and operations to ensure accuracy of information, proper controls and timely resolution of issues ·Handle special ad hoc situations and requests for analysis

Desired profile

Qualifications ·BA or BS degree ·Prefer some experience in financial services industry, preferably in Treasury role ·Strong analytical skills; excellent aptitude for numbers , attention to details, quick learner ·Understanding of money markets and local South African market ·Excel in a fast paced environment ·Ability to exercise good judgment and make decisions ·Strong written and verbal communication skills ·Outstanding presentation skills ·Strong teamwork ethic ·Ability to contribute to a strong control and risk culture ·Technical skills to include Excel, Powerpoint, Access ·Funding and Risk Management experience preferable Additional Qualifications desirable ·Real Time Settlement for Rand, EoD clearing, collateral management experience Reporting The junior trader reports to the Local Treasurer with additional oversight from the MENA and London Funding Desks on local and firmwide issues About J.P. Morgan's Corporate & Investment Bank J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com . JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.