NBC Bank Job Vacancy, Markets: Sales Dealer
Markets: Sales Dealer
NBC Bank Tanzania
Dar es Salaam
National Bank of Commerce is the oldest serving bank in Tanzania with over five decades of experience
NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.
Job Summary
To execute the Markets Sales business strategy according to the Markets Strategy and Policies & Procedures, and in line with Group Values.
Job Description
Accountability: Markets Sales Dealing. Time split : 80%
Drive and manage revenue growth and to meet the sales budget
Lead on development of New Products, under the guidance of the Head of Markets Sales, actively participating in the implementation of the Markets Sales Strategy in line with Markets Sales country sales requirements.
Working closely with the Head of Markets sales to implement sales growth strategy across the portfolio which includes:
On-boarding relevant clients
Collaboration with stake holders in mapping and closure of deals
Working closely with the Head of markets sales to implement the Risk Management Products (RMP’s) roll out in country, which includes:
Assisting the NPA champion in ensuring that NPA approvals are obtained for markets product
Looking for opportunities to present RMP’s to clients and Closing RMP deals
Ensure that all branch FX transactions are advised and covered through the FX trading desk for efficient management of FX position
Acting as the primary point of contact for both internal (Corporate & RBB) and external Markets Sales clients, ensuring regular face-to-face engagement with the Corporate team to promote teamwork
Manage one’s Direct Dealing Mandate (DDM) client portfolio, to include:
Daily contact with DDM clients
Regular face-to-face interaction with DDM clients
Regular contact with principal Relationship Manager
Managing one’s allocated client portfolio and support the team in the management of the other client portfolios where needed
Under the direction of the Head of Markets Sales achieving a leading position in the chosen products, markets and segments by:
Spending at least 50% of one’s time meeting with existing and identified new clients
Giving superior customer service
Presenting the full NBC product set to clients whilst managing the product portfolio to suit client needs
Expanding the customer base to financial institutions and investors as is appropriate
Engaging with and delivering on Business Banking initiatives to grow the client base and the product distribution
Undertaking customer visits and joint customer visits with Corporate
Managing one’s client portfolio to generate strong growth and sustainable returns over the business cycle with special focus on Customer Service and Financial Performance
Assisting the Head of Markets Sales in achieving strategic and tactical objectives
Accountability: Reporting : Time split : 5%
Providing reporting on client growth, volume and profitability in one’s own portfolio
Updating client pipeline and tracking the same for closure.
Providing detailed Management Information to the Head of Markets Sales on the composition, performance and profitability of the client portfolios on a monthly basis
Assisting the Head of Markets Sales with any ad-hoc reporting requests
Accountability: Risk management. Time split : 10%
Maintaining a strong compliance culture
Adhering to all the policies and procedures of the bank
Ensuring that all deals are dealt within dealer limits (market risk limits, counterparty limits, dealer’s mandate)
Ensuring high quality of service to all clients (reputational risk)
Accountability: Personal Development. Time split : 10%
Actively managing one’s own technical and soft skills development in conjunction with the Head of Markets Sales
Researching, identifying and proposing training solutions for own development to the Head of Markets Sales
Maintain an up to-date knowledge of economic conditions and market trends, on which to base informed dialogue with customers concerning the market risks in their business.
Education and Experience Required
Bachelor’s degree
ACI Dealing Certificate
1-2+ years related experience
Knowledge & Skills: (Maximum of 6) Competencies: (Maximum of 8 competencies)
Knowledge of Markets products
Knowledge of Sales Techniques
Understanding of interest rate and foreign exchange markets
Understanding of interest rate risk, foreign exchange risk and credit risk
Understanding of the policies, procedures and ethical requirements of a Markets environment
Understanding of Markets back-office operations
Excel competency
Communication skills
Understanding of political and economic activity and the impact on economic trend and outlook
Qualifications
Bachelors Degree and Professional Qualifications – Business, Commerce and Management Studies, Commercial mindset – Junior (Meets all of the requirements), Customer Excellence – Service Delivery (Meets all of the requirements), Digital familiarity (Meets all of the requirements), Effective communication – Basic (Meets all of the requirements), Experience in a similar environment at junior specialist level, Openness to change (Meets some of the requirements and would need further development), Product and/or Service Knowledge (Meets all of the requirements), Sales Management (Meets all of the requirements)
How to Apply:
