Associate Dealer/ Dealer, Interest Rate Management Unit (IRMU)

Role Purpose:

1. Manage interbank liquidity to ensure the overnight interbank interest rates trade around OPR.
2. Implement strategies for domestic open market operations to achieve the Bank’s monetary policy and financial stability objectives as well as ensure smooth and orderly functioning of the domestic conventional money market.
3. Conduct market surveillance and intelligence on interbank conventional money market activities.
4. Carry out research to keep up with global developments in monetary policy implementation and money market practices.
5. Develop the domestic conventional money market.
6. Develop and enhance internal and market system infrastructure to ensure operational efficiency and reliable data dissemination/publication.

Principal Accountabilities:

1. Perform liquidity forecasting and liquidity operations defined by the manager in the domestic conventional money market using approved policy tools (direct borrowings, BNIBs, BNMNs, standing facilities).
2. Use appropriate mix of policy tools to ensure overnight interbank interest rates trade around OPR while keeping the aggregate monetary policy cost within budget.
3. Develop new conventional money market instruments to ensure monetary policy operations remain effective and efficient.
4. Conduct market analysis and intelligence consistently on an ongoing basis to understand behaviors as well as identify emerging trends and developments in domestic conventional money market.
5. Conduct market surveillance to prevent and investigate abusive or manipulative practices in the domestic conventional money market.
6. Provide market feedback to internal stakeholders based on monitoring and analysis of the domestic conventional market as well as regular analysis on money market operations of other countries.
7. Prepare daily/periodic reports to Management on market activities.
8. Ensure data accuracy for published conventional money market related information.
9. Conduct feasibility studies, seek appropriate approval to implement and track the progress of any development initiatives for the domestic conventional money market.
10. Develop and maintain internal and market system infrastructure related to the desk’s operations, such as ISCAP, FINDUR, RENTAS and FAST (non-exhaustive list).
11. Improve the conventional money market desk’s operational efficiency and seek opportunities for cost savings.
12. Execute necessary legal documentation for borrowing and lending facility with approved counterparties.

Requirements:

1. Academic Qualifications: Degree or professional qualifications with an accounting, economics, banking, finance or other related educational background. A CFA holder would be an added advantage.
2. Experience: Minimum 2 years of working experience preferably in treasury operations and knowledge of international economics and financial markets.