Manager Trading Operations Job Vacancy at CRDB Bank Plc

Leading trading operations across the EAC & SADC regions, overseeing a team dedicated to executing client orders efficiently, optimizing investment returns, and ensuring strict compliance with regulations in navigating the distinctive environment of the Dar es Salaam Stock Exchange.

• Manage a team of traders, providing coaching, mentoring, and performance evaluations.
• Develop and implement trading strategies aligned with client investment objectives and risk tolerance.
• Oversee all aspects of the order execution process, ensuring accuracy, timeliness, and best execution practices.
• Maintain strong relationships with clients, understanding their investment needs and providing them with tailored trading solutions.
• Monitor market trends, identify trading opportunities, and keep abreast of regulatory developments in EAC & SADC markets.
• Manage trading risks, ensuring compliance with internal risk management policies and DSE regulations.
• Contribute to the development and implementation of new trading technologies and platforms.
• Prepare trading reports and analyse trading activity to identify areas for improvement and submission to Back Office for payment.
• Liaise with other departments within the brokerage firm, such as research, compliance, and client services.
• Obtain clearance from Back office on the remittance of funds before buying securities for clients at the DSE and other markets (EAC& SADC).
• Identify all issues related to customer service recovery, including compensation of aggrieved clients and offer solutions.
• Other duties as may be prescribed by the Management.

Other Responsibilities:

• Assess clients’ financial goals and risk tolerance.
• Stay compliant with financial regulations and industry standards.
• Build and maintain strong client relationships.
• Ensure that clients are properly served, informed and comply with the regulatory requirements, bank policies and procedures.
• Ensure the Capital Markets business meets its obligations on the prevention of money laundering under the Bank Policy and Standards and under country laws and regulations.

Regulatory & Business Conduct:

• Ensure adherence to all internal and external regulations.
• Good relationship with regulators with ability to contribute & where possible influence policy formulation.

Talent Management:

• Identify, motivate and retain top talents.
• Build talents and teams for the Bank by creating a culture of meritocracy, transparency, and celebrating excellence, initiative and courage.
• Provides hands-on leadership, coaching, and development on all aspects needed to achieve successful performance including Custodial services management and customer retention.
• Monitors Capital market team performance provides appropriate mentorship, recognition and feedback.
• Set appropriate tone and expectation from the team and work in collaboration with risk and control partners.
• Lead through example and build the appropriate culture and values.

• Bachelor’s degree in finance, Economics, or a related field (MBA preferred).
• 3-5 years of experience in a similar role within a brokerage firm or investment bank.
• Completion of the Securities Investment and Trading Course issued by DSE Academy.
• Proven track record of success in managing trading operations and achieving profitability.
• In-depth knowledge of the Tanzanian capital market, including the DSE regulations and trading practices.
• Strong understanding of various asset classes traded on the DSE (equities, bonds, derivatives).
• Strong communication, interpersonal, and leadership skills.
• Proficiency in financial modelling and trading software (e.g., Bloomberg Terminal, Reuters Eikon).
• Familiarity with Tanzanian capital market regulations (CMSA) is a strong asset.
• Must be a Tanzanian citizen or possess a valid work permit for Tanzania.
• Excellent analytical and problem-solving skills.
• Relationship building and networking skill
• Strong communications and presentation skills

CRDB Bank is dedicated to upholding Sustainability and ESG practices and encourage applicants who share this commitment. The Bank also promotes an inclusive workplace, hence applications from women and individuals with disabilities are encouraged.

It is important to note that CRDB Bank does not charge any fees for the application or recruitment process, and any requests for payment should be disregarded as they do not represent the bank’s practices.

Only Shortlisted Candidates will be Contacted.