Role Overview
The Manager for Local Currency Balance Sheet Management (LC BSM) will assist with the management of the Bank's local currency market FX, interest rate and liquidity risks, within the constraints of managing a mark-to-market book with P&L targets. They will specifically focus on the south-eastern Mediterranean (SEMED) currencies.
Background
The LC BSM Group is the nexus for the local currency operations of EBRD's Treasury. The desk has functional responsibility for the management of all financial risks to the Bank associated with the Banks local currency activities.
The core function of LC BSM is the management and provision of liquidity in support of the Banks local currency lending activities. Crucially this risk comprises both the market risks and the liquidity / cash management risks of the Bank. It is the function of the LC BSM desk to manage these risks, and where relevant run its own risk in pursuit of its P&L targets.
Key Responsibilities and Deliverables
The Manager, LC BSM will:
* Help manage and analyse the risks for SEMED currencies and prepare any daily and ad-hoc reports as required.
* Help manage risks for other local currencies as required. In the most liquid local currencies, particular focus is likely to be given to the risks associated with cash management so that the Manager can begin to understand the mechanics of their markets.
* Understand and learn about the investment strategies implemented on the desk.
* Help in the tracking of all relevant developments in SEMED and other LC markets. Key to success in this role is a strong awareness of local regulation and financial market developments.
* Help expanding the framework necessary to manage the local currency funding and lending books. This will imply negotiating legal agreements and seeking necessary approvals so that EBRD can be in a position to access domestic markets.
* Develop relationships internally to facilitate and improve business:
* Middle office trade amendments, internal bookings, and any minor market data issues
* Accounting P&L reconciliation and estimates
* Operations resolution of trade settlement issues, confirmations, and loan disbursements and fixings
* CRM begin to understand the needs of our clients and act as required in the provision of consistent pricing and execution
Job Details
| Date Posted: | 2014-11-24 |
| Job Location: | United Kingdom |
| Job Role: | Other |
| Company Industry: | Other |
Preferred Candidate
| Career Level: | Entry Level |
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Date Posted: November 24, 2014 at 10:48PM
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Manager, Local Currency Balance Sheet Management - EBRD
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