The Senior Dealer is responsible for executing and supporting domestic foreign exchange (FX) market operations in line with the Bank’s price stability objectives. The role involves real-time FX market monitoring, generation and dissemination of official exchange rates, market surveillance, data analysis, and other operational and administrative duties.

Strategic Responsibilities
1. Contribute as appropriate to the performance of domestic foreign exchange operations section, monetary operations division and to the overall achievement of the Bank’s strategic objectives.
2. Work collaboratively within the team to deliver assigned Key Result Areas (KRAs) and demonstrate the required professional and behavioural competencies.

Technical and Operational Responsibilities
1. Prepare, validate, and circulate official foreign exchange rates to internal Bank systems and publish them on the CBK website.
2. Conduct foreign exchange auctions for forex bureaus in collaboration with the Banking Department.
3. Execute foreign exchange market interventions on approved trading platforms to support exchange rate and price stability objectives.
4. Monitor interbank FX trading activity in real time across approved trading platforms.
5. Compile, analyze, and report daily FX interbank transaction data, including volumes, rates, and market trends.
6. Monitor and update the Trade-Weighted Exchange Rate (TWER) intraday using transaction data to assess market volatility.
7. Conduct continuous surveillance of domestic, regional, and global FX market developments and assess their impact on the domestic FX market.
8. Track significant pipeline FX transactions with potential market impact and provide guidance to mitigate exchange rate risks where necessary.
9. Compile and analyze daily preliminary and actual foreign exchange exposure data for commercial banks.
10. Assess compliance with prudential guidelines on Foreign Exchange Exposure Limits (CBK/PG/06) on both an intraday and end-of-day basis.
11. Prepare analytical reports on breaches of FX exposure limits and escalate findings to the Director – Financial Markets Department and the Bank Supervision Department.
12. Assess overall FX market liquidity conditions based on exposure and transaction data.
13. Prepare and circulate daily FX market reports to management.
14. Compile and analyze monthly gain/loss reports on foreign exchange sales to commercial banks and submit them to the Finance Department.
15. Accurately input interbank FX transactions into the Bank’s Accounting System (T24) and any other relevant systems.
16. Prepare payment vouchers and reconcile invoices related to FX trading system vendors.
17. Maintain accurate and up-to-date records and filing systems for the FX Operations office.

Other Responsibilities
1. Attend meetings with market participants and stakeholders as required.
2. Perform any other duties assigned by management that are consistent with the role.

At least three (3) years of relevant work experience.

1. Bachelor’s degree in accounting, Business, Finance, Mathematics, Statistics, Economics or Banking or similar field.

Technical Competencies
1. Financial market instruments.
2. Foreign exchange markets.
3. Financial markets emerging issues.ss
4. Financial markets: Money markets, Capital markets, and Derivatives.
5. Stakeholder Management.
6. Banking laws and regulations.
7. Central Banking Operations.

Behavioural/ General Competencies
1. Teamwork and collaboration.
2. Sound decision-making.
3. Emotional intelligence.
4. Independence and objectivity.
5. Professionalism.
6. Customer and stakeholder relationship management.
7. Integrity and honesty.
8. Strong verbal and written communication skills.
9. High attention to detail and accuracy.

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