Forex & Money Market Trader (f/m/d)

Field of activity

Treasury is responsible for cash management, funding as well as money market and capital market transactions and for the management of market price risks.The purpose of the job is the investment and funding of Clearstream Banking’s cash positions with the target tomaximise return while keeping funding costs at a minimum, managing liquidity efficiently and respecting regulatory requirements and limits set in the Investment and Liquidity Management Policy.

The Forex & Money Market Trader reports to the Head of Section Treasury Luxembourg / Singapore.

Tasks/responsibilities

 The key responsibilities are to:

• Invest end of day cash positions in approved Treasury instruments (reverse repo, fx swap, lending)
• Ensure the execution of transactions by negotiating the pricing with counterparties and execute the transaction in the market in accordance with current processes
• Monitor and manage Clearstream’s currency exposure
• Execute foreign exchange transactions on behalf of Clearstream and its customers, in response to customer requests
• Manage day to day funding operations
• Monitor intraday nostro cash balances and escalate unexpected balances issues
• Contribute to the development of strategies with the aim to enhance yield on CBL’s customer funds and manage interest rate risk
• Monitor and fix base interest rates applicable to customer cash accounts
• Provide cash services to selected customers
• Prepare management reports
• Support the assessment and implementation of new regulation
• Support the update of procedures and policies
• The Forex and Money Market Trader has the authority to invest customer funds and own funds within the limits set in the Treasury Policy. He also has the authority to enter into foreign exchange transactions in the name of the bank.

Qualifications/required skills

• University degree with an emphasis in finance
• Ideally 1-3 years of experience in bank, financial institution or bank Treasury or comparable experience in consulting of respective function
• Basic understanding of Treasury activities
• Basic knowledge of the market, credit, cash and operational risks, as well basic understanding of financial products (forex, money market, dealing services..)
• Good understanding of payment systems (Target2 etc)
• Understanding of CBL / CBF settlement systems will be cosidered as an advantage
• Computer modelling skills in Excel, Computer Modelling skills in MS Access are considered as an advantage
• Proficiency in written and oral English, knowledge of German and French is considered as an advantage
• Conceptual skills to support projects and work on concepts