Assistant Dealer
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Industry Insurance Founded 1968 Type Private Website https://cic.co.ke/ Address Reinsurance Plaza Mezzanine Floor, Aga Khan Walk
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About the Role
Reporting to the Dealer, the role holder will support in the day-to-day management of dealing desk. The primary focus for this position will be best execution of all investment trades and providing trading administrative support services.
Key Responsibilities:
- Updating the schedule of monthly primary bonds bids upon receiving instructions from the Portfolio Managers
- Liquidity management and updating the weekly bank deposit rates schedule as per negotiations with the banks as well as the daily liquidity sheet.
- Confirmation of bonds and equities pricing sent by other counterparties prior to confirmation of execution
- Preparation of the weekly trading reports for review by the Dealer/Senior Dealer prior to circulation
- Follow up of execution of all investment decisions with already identified counterparties in the market.
- Liaise with the Dealer/Senior Dealer to ensure all key risk indicators are adhering to internal limits and regulatory requirements;
- Gather current market intelligence information and circulate to the investment team to guide decision making
- Participate in weekly investment hurdles, monthly investment committee meetings and any other relevant meetings.
- Seeking guidance from the Dealer/Senior Dealer on negotiation for best investment deals within the set limits (counterparty and price) as guided by the investment policy.
- Assist the Dealer/Senior Dealer in planning cash flow for settlement of executed transactions and manage excess cash.
- Participate in ad hoc assignments as required.
- Relationship management with key stakeholders including administrators, banks, brokers, custodians, and other market participants to ensure efficiency within the dealing desk.
Who We’re Looking For
Essential Knowledge/Skills and Experience Required:
- Bachelor’s degree in Finance, Mathematics, or a related field.
- A Chartered Investment & Financial Analyst (CIFA) certified or actively pursuing CIFA qualifications.
- 1–3 years of experience in Investment Banking, dealing, or Asset Management.
- Proficiency in Bloomberg and data visualization tools is a significant advantage.
- Fluency in at least two asset classes (e.g. Equities and fixed income).