Head of Market Making

Responsabilités clés

• Provide accurate and competitive pricing for treasury products and manage FX positions to maximize gains within prudential limits.
• Prepare and validate daily indicative exchange rates, ensuring timely dissemination to customers, internal teams, and digital platforms.
• Monitor global economic, political, and market conditions to forecast currency movements and identify trading opportunities.
• Execute trades electronically or via direct communication channels with efficiency and accuracy.
• Build and maintain strong relationships with wholesale and institutional clients to expand business opportunities.
• Develop and implement a comprehensive market-making strategy aligned with treasury objectives.
• Identify new opportunities in FX markets to diversify and grow revenue streams.
• Represent the institution in strategic discussions with regulators, counterparties, and institutional clients.
• Drive innovation in treasury products to maintain competitiveness in evolving markets.
• Ensure exposures remain within prudential and regulatory limits and oversee reconciliation of FX positions, Nostro accounts, and trading income.
• Strengthen treasury systems, operational controls, and risk management frameworks.
• Ensure robust liquidity management to support market-making activities and client demands.
• Collaborate with Risk and Compliance teams to continuously monitor and mitigate trading risks.
• Ensure adherence to internal policies and external regulatory requirements, monitoring dealer limits and FX policy guidelines.
• Compile and deliver accurate reports to management and regulators within deadlines, including daily FX market updates.
• Escalate deviations or irregularities promptly to senior leadership.
• Lead, coach, and motivate team members to achieve high performance and engagement.
• Promote professionalism, ethical conduct, and safe working practices while fostering continuous learning and collaboration.
• PREREQUISITES:
• Post Graduate — Degree in Banking or Finance from a recognized university OR an alternative qualification from a recognized university/professional body in a field of study relevant to the scope of work OR any other qualifications, acceptable to the Bank.
• An ACI certificate is mandatory or expected within the next 6 months.
• In-depth knowledge of the USD/MUR market and local regulation is mandatory.
• Ability to anticipate the impact of EUR/USD movements on the USD/MUR pair.
• Strong, established network of contacts with FX dealers across the local interbank market is essential.
• Minimum 10 years of experience in treasury, trading, or market-making with at least 5 years in a leadership role.
• Proven expertise in FX and fixed income markets with a strong track record of delivering results.
• Deep understanding of risk management frameworks and regulatory compliance.
• Strong communication and relationship management skills with regulators, counterparties, and institutional clients.
• SKILLS:
• Leadership and strategic vision.
• Problem Solving and analytical ability.
• Relationship Management with diverse stakeholders.
• Governance and financial control expertise.
• Strategic Thinking to align treasury strategies with organizational goals.
• Excellent interpersonal style, organizational skills, and adaptability in fast-paced environments.