Job Purpose:
The Specialist, Foreign Exchange and Money Market aim to contribute to the implementation of the Investment strategy's objectives of liquidity, FX exposure, return and risk by monitoring and executing transactions of the money market portfolios; providing research and analysis for money market and FX counterparty selection; conducting absolute and relative (to benchmarks) performance measurement and attribution.
Roles and Responsibilities
Key Accountabilities
- Implement the approved investment plan for money market allocation and FX exposure
- Suggest ideas for the development of investment strategies in the money market and FX portfolios.
- Comply with the investment policies, guidelines, and regulatory requirements.
- Execute FX (spot, forwards, and swaps) and money market (acceptances, deposits, and money market products) deals transactions.
- Participate in the analysis of global and regional money markets (short term interest rates) and FX, utilizing quantitative models and qualitative assessments to forecast market movements and capture market opportunities.
- Participate in the name selection process by analyzing the sovereign, credit, and counterparty risks through fundamental, absolute, and relative value models.
- Assist in monitoring the money market portfolios return and risk profile both on an absolute and relative basis (acceptances, deposits, and money market products) through reviewing liquidity and cash-flows of the money market portfolios and the gap of the ALM portfolio.
- Provide support in monitoring FX portfolios risk profiles (spot, forward, and swaps) through reviewing the valuation and performance and currency compositions and deviation with the SDR basket.
- Assist in the production, maintenance and reviewing of various reports including the dashboard to monitor the upgrade/downgrade status and market metrics of the money market holdings by rating agencies.
- Contribute to developing contingency plans to handle market volatility and other financial uncertainties in coordination with the Expert, Direct Investments.
- Suggest ideas leading to improvements to the policies and direct the implementation of procedures and controls covering the money market and FX area.
- Monitor the updates, developments, and amendments related to the IPMS to ensure compliance, quality, and accuracy of all the money market and FX transactions.
- Always comply with all the policies, processes, standard operating procedures and CFA code of ethics.
- Maintain solid relationships with global and regional banks and financial institutions to ensure a diversified source of counterparties for the strategic distribution of the money market and FX portfolios.
- Maintain continuous contact with banks and brokers to collect markets and economic analysis reports and timely financial markets intelligence.
- Contributes to building and managing effective business relationships with the member countries to enhance business cooperation, especially in areas related to deposit taking activities and fund management.
- Assist the Expert, Direct Investments in coordination with other AMF departments regarding topics concerning money market and FX portfolios, as well as various periodic reports.
- Suggest improvements to the division systems, processes and practices encapsulating industry best practices, changes in international financial standards and money market and FX markets.
- Provide Specialist (s), Money Markets and FX knowledge sharing and transfer to contribute to the enhancement of the money markets portfolios returns and ensure continuity of the business.
Job Qualifications and Requirements:
- A minimum of 5 years of experience in money market and FX management
- Bachelor's degree in finance, Business Administration, Investment Management, or Economics from a reputable university
- Professional qualification of CFA or equivalent. Professional dealing certificate is an advantage.
In addition to tax-exempt salaries, the AMF offers allowances and benefits that cover accommodation, furniture, tickets upon joining, as well as for annual leaves, and upon end of services, in addition to end of service gratuity the AMF contributes to the education fees of employees children subject to published policies and procedures, AMF also provides medical insurance for employees and their family members, as well as life and accident insurance for the employees themselves.
