Associate Dealer/Dealer, Reserve Funding | Market Operations & Development Department (MOD)

The Dealer, Reserve Funding acts as the main expert carrying out operations in the onshore foreign exchange market with his/her action having direct impact to the prevailing level of the Bank’s International Reserve position. The role demands quick thinking and ability to make split second decisions with limited information presented, as per the case with fast moving financial market movements. In addition, the role requires a candidate to be able to plan and analyse the best use of market strategies to achieve the Bank’s foreign currency funding objectives and level of International Reserves.

Operations 

• Managing the Bank’s liability book via effective use of various financial instruments, including deposits, swaps and issuances.
• To carry out required reporting of market operation and activities on a timely basis. 
   

Market Surveillance and Intelligence Gathering 

• Conduct market intelligence and surveillance on all aspects of the domestic FX market. 
• Conduct research and analysis of global financial conditions and FX market developments to assess their implication on reserve adequacy and foreign currency funding requirements. 
• Conduct research and analysis of funding market dynamics and reserve funding costs to support liability management strategies. 
• To carry out ad-hoc research and analysis on topics of interest surrounding the domestic FX market and International Reserves. 
   

Market Development Initiatives 

• To work on market development projects to improve market depth, including but not limited to, cross departmental collaboration on policy formulation and new market initiatives. 

QUALIFICATIONS 

Academic Qualifications: 

• Degree in accounting, economics, banking, finance, mathematics or related fields. Professional qualifications (eg PKMC, CFA, FRA, CAIA, etc) would be an added advantage. 
   

Experience: 

• Associate Dealer: Minimum 1 – 3-year(s) experience in financial and/or financial market related sectors
• Dealer: Minimum 4 years’ experience in financial and/or financial market related sectors 
   

PREVALENT & EMERGING SKILLS 
 

Market Operations 

• Prevalent: Quick thinking, ability to make split second decisions, risk management, costbenefit analysis. 
• Emerging: Use of models and advanced technological tools to inform on decision making. 
 

Market development, research and analysis 

• Prevalent: Proactive, curiosity, problem solving. 
• Emerging: Use of big data and data visualisation tools to further interpret larger and more complex data sources.