Finance and Economics Management & Business Others
1 - 2 Years
Treasury Front Office Trader
Treasury Front Office Trader
Amsterdam – the Netherlands
Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.
For more information about Citco, please visit www.citco.com
About the Team & Business Line:
Citco Bank provides fully integrated transaction, deposit, foreign exchange and credit facilities to our Fund Services and Governance Services clients. Operating in strategic global centres Citco Bank provides access to best of breed process and technology.
The Treasury Front Office trader role within Citco Bank Nederland N.V. is to safeguard and manage the banks liquidity position and FX position. Trader will additionally perform investments in a prudent manner, meeting all regulatory requirements, to generate income and improve the banks returns as good as possible within preset policies, under normal and stressed siutations. In its role and expertise and service driven tasks, the trader will always look into improving processes, search for potential new opportunities while remaining risk aware.
You will be responsible for the (Intraday) Cash and liquidity risk management:
(Intraday) liquidity movements are measured and captured within the Treasury Cash Management tool by means of reporting and proprietary systems in which, current and future, liquidity cash flows are assessed. Management is performed to avoid any type of shortfall in any currency and enable (intraday) payments to take place, by leaving sufficient intraday balances and/or wire funds from/to any nostro account which requires any funding.
In times of need Treasury should be able to always acquire sufficient funding to meet its intraday objectives. Treasury Front Office therefore applies lines of defence to ensure its ability to honor such obligations.
Treasury actively manages its collateral positions. Its prudent liquidity management requires that CBN holds cash or sufficient assets eligible as collateral which can be easily converted into cash to withstand liquidity needs, margin requirements or any other type of collateral obligations (such as the mandatory Reserve Requirement of ECB).
You will invest the banks surplus cash position into the markets at best possible returns:
By means of placing deposits into the markets
By means of executing FX Swaps as a MM products to generate a better interest return.
By means of investing into longer-term products, such as ECP’s and Bonds.
Executes FX Swaps for CBN’s own investments portfolio as an arbitrage on longer-term products to generate a better return.
Always remain within the approved placement/exposure limits applicable for the financial counter parties/nostro and corporates.
You will be managing and servicing client deposits;
You will manages Treasury products and book prudently, always bearing in mind the Regulatory requirements the bank needs to adhere to, such as Large Exposure rule, Solvency Ratio levels and Leverage Ratio levels;
You will manage the bank’s FX risk by keeping the FX exposure within the banks limits:
By counter closing FX positions if required
By matching sizeable client FX requests on a back-to-back basis
You will manages client FX requests and client FX Swap requests (if needed);
You will reports data on a daily basis to bank management;
You will explores new opportunities and market possibilities;
Ad hoc tasks might arise from time to time.
You have a minimum of 3 years Treasury Management related work experience in a financial services institution, preferable in the banking sector, with a good understanding of banking, treasury and payments processes.
You display detailed knowledge of all applicable regulatory ratios and their management (Capital Adequacy, Leverage, LCR and NSFR), and how to structure a treasury portfolio to maximise yield whilst complying with said ratios.
You are proficient with Microsoft Excel up to macro level.
You are an analytical worker with strong knowledge of risk management and operational controls.
You are able to work under pressure and in stressed situations., both independently and as part of a wider team.
You pride yourself in being pro-active and result driven.
You have excellent communication skills (fluent English is a must).
Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.