With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
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Job Summary
The Head of FX Trading is responsible for leading the Foreign Exchange Trading Activities business, delivering sustainable revenue growth whilst maintaining strong risk and controlling environment. The role is accountable for managing the FX trading Book, market risk, liquidity, pricing, execution, regulatory, compliance and developing trading strategies aligned with the bank's overall Global Markets strategy. The incumbent is expected to support client franchise growth, mentor traders, and contribute to the overall leadership of Global Markets.Job Description
Key Accountabilities
Deliver annual FX trading revenue and profitability targets;
Lead and grow ASBA Mauritius domestic and regional FX franchise by enhancing market share and price competitiveness.
Manage the FX trading portfolio within the bank's approved Risk appetite, ensure optimal utilization of market risk limits whilst preserving capital
Identify and execute profitable trading opportunities across G 10 and African FX Markets to maximise sustainable risk adjusted returns;
Develop new revenue opportunities through product innovation, pricing capabilities and support in growing the client franchise;
Develop tactical and strategic trading views and identify opportunities arising from global market developments;
Formulate market positioning based on macro economic analysis;
Lead daily market strategy discussions and continuously review trading performance and trade effectiveness;
Lead and develop the FX Trading team and foster collaboration across Sales, Structuring, Treasury, PCG and Risk;
Partner with Sales and CIB Coverage team and support large and complex client transactions;
Provide market colour and strategic insights to key clients;
Ensure adherence to all internal policies and regulatory requirements;
Maintain robust first line risk ownership;
Share actionable market insights with senior management and assess market liquidity conditions;
Champion a culture of integrity, prudent risk taking, accountability and high performance across the FX trading Function.
Key Skills & Competencies
The successful candidate should demonstrate leadership, commercial acumen and strategic thinking with a proven track record of delivering sustainable trading revenue and risk adjusted returns.
The individual should have strong leadership capabilities, sound judgement, excellent stakeholder management skills and ability to build and lead a high performing trading team while maintaining highest standard of governance, conduct and risk management.
Qualifications
Bachelor Degree in Finance , Economics, Mathematics or related field
Master degree, MBA or CFA professional qualification would be an advantage
ACI dealing Certificate preferred
Preferred Experience
Minimum of 10 years in Global Markets with a minimum of 5 years on the FX trading desk.
Proven experience in market making and market risk management.
Strong experience trading G10 and domestic FX market.
Proven track record of delivering sustainable trading revenue while maintaining a robust risk and control environment.
Strong understanding of macroeconomic trends, monetary policy and their impact on the Global Markets.
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)Skills Required
- Bachelor's degree in Finance, Economics, Mathematics or related field
- Minimum of 10 years in Global Markets with a minimum of 5 years on the FX trading desk
- Proven experience in market making and market risk management
- Strong experience trading G10 and domestic FX markets
- Proven track record of delivering sustainable trading revenue while maintaining robust risk and control environment
- Strong understanding of macroeconomic trends and monetary policy impacts on markets
- Leadership, stakeholder management and team development experience
- Master's degree, MBA or CFA designation
- ACI Dealing Certificate
Absa Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Absa Group and has not been reviewed or approved by Absa Group.
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Healthcare Strength — Medical aid, group life, disability, and funeral cover are described as comprehensive, with features such as terminal‑illness advances and beneficiary grocery benefits. Wellness and assistance offerings support overall financial and personal wellbeing.
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Retirement Support — A pension fund and group retirement arrangements are positioned as core benefits within fixed remuneration. Retirement coverage is embedded alongside other protections as part of standard employment.
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Equity Value & Accessibility — Employee share‑ownership (eKhaya) and equity‑linked awards broaden wealth‑sharing, with dividends or cash‑equivalent participation in some markets. This provides longer‑term value beyond base pay.
Absa Group Insights
What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond. We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
