Treasury Dealer

NCBA Bank

Nairobifull time~KES 160k – 250k/mo3w ago

Quick Take

The Role

You will trade foreign exchange, money market instruments, and government securities on behalf of NCBA Bank, managing liquidity and executing client transactions daily from a dealing room in Nairobi.

You Need

At least 3 years of treasury or dealing room experience, Bloomberg Terminal proficiency, and a solid grasp of Kenya's interbank and capital markets are the core requirements.

You Get

This role offers an above-market salary of up to KES 250,000/month, the prestige of Kenya's largest banking groups, and direct exposure to high-stakes financial markets trading.

Job Description

•Role Overview

NCBA Bank, one of the largest financial institutions in Kenya, is looking to bring on board a skilled Treasury Dealer to join its dealing room team in Nairobi. This is a front-office role that sits at the heart of the bank's treasury operations, requiring a professional who is confident navigating fast-moving financial markets and managing risk effectively.

The successful candidate will take ownership of the bank's foreign exchange and money market trading book, executing transactions on behalf of both corporate and retail clients while actively managing the institution's short-term liquidity needs in the interbank market.

•Key Responsibilities

Execute FX spot and forward transactions on behalf of corporate and retail clients
Manage the bank's short-term liquidity position within the interbank market
Trade government securities and a range of other fixed income instruments
Continuously monitor both local and international market trends and communicate relevant insights to key stakeholders
Uphold full compliance with the Central Bank of Kenya's foreign exchange regulations at all times

•Required Skills & Experience

A minimum of 3 years of hands-on experience in a treasury or dealing room environment
Demonstrated proficiency in using the Bloomberg Terminal
Solid working knowledge of Kenya's money and capital markets
Possession of the ACI Dealing Certificate is considered an added advantage
CFA Level 1 qualification or a comparable certification is preferred

•Who Should Apply

This opportunity is best suited for a driven finance professional with a strong foundation in treasury operations and a genuine passion for financial markets. You should be comfortable making time-sensitive trading decisions, possess sharp analytical instincts, and have a thorough understanding of the regulatory framework governing foreign exchange in Kenya. Candidates who hold or are pursuing professional certifications such as the ACI Dealing Certificate or CFA will stand out in the selection process. If you thrive in a high-pressure dealing room environment and are eager to contribute to one of Kenya's premier banking institutions, this role is an excellent fit for you.

•How to Apply

Interested and qualified candidates are encouraged to apply for the Treasury Dealer position at NCBA Bank in Nairobi. Please submit your application through NCBA Bank's official careers portal or the job platform where this listing appears. Ensure your CV is up to date and highlights your treasury experience, relevant certifications, and familiarity with Bloomberg and Kenyan financial markets.

Requirements Breakdown

Must Have

3+ years of treasury or dealing room experience
Proficiency in Bloomberg Terminal
Strong understanding of Kenya's money and capital markets
Knowledge of CBK foreign exchange regulations and compliance requirements
Experience executing FX spot, forward, and fixed income transactions

Nice to Have

ACI Dealing Certificate
CFA Level 1 or equivalent qualification
Experience briefing senior stakeholders on market developments
Prior interbank market trading experience

Don't meet every requirement? Tailor your CV to close the gap →

Salary Context

Above market rate for a mid-level Treasury Dealer in Nairobi

Treasury Dealer salaries at mid-tier Kenyan banks typically range from KES 120,000 to KES 180,000 per month, making NCBA's upper band of KES 250,000 notably competitive and likely reflecting the book size managed and regulatory complexity involved. Pay in this field is heavily influenced by the size of the institution's trading book, certifications like the ACI Dealing Certificate, and whether the dealer manages both FX and fixed income desks.

About NCBA Bank

NCBA Bank is one of Kenya's largest and most prominent financial institutions, formed through the merger of NIC Bank and Commercial Bank of Africa in 2019, giving it a combined asset base exceeding KES 500 billion. The bank serves retail, corporate, and institutional clients across Kenya and several African markets, and is widely recognised as the banking partner behind M-Shwari, one of Africa's most successful mobile lending products. Working at NCBA offers exposure to large-scale treasury operations, a well-resourced dealing room, and the stability of a Tier 1 bank with a growing regional footprint.

Likely Interview Questions

1
Walk us through how you would manage the bank's short-term liquidity position if there is a sudden tightening in the interbank market.
2
How do you use Bloomberg Terminal to monitor FX rate movements and inform your trading decisions throughout the day?
3
Describe a time you executed a large FX forward transaction for a corporate client — what was your process for pricing, hedging, and managing the risk?
4
How do you ensure compliance with CBK foreign exchange regulations when executing transactions, and what documentation or reporting do you prioritise?
5
What is your read on current trends in Kenya's money market, and how would those trends influence your positioning on government securities right now?

Application Tips

Quantify your trading experience on your CV — mention the size of books managed, volumes traded, or specific instruments you covered (e.g. T-Bills, FX forwards, repos) to immediately signal relevance.
Highlight your Bloomberg Terminal proficiency explicitly, ideally with specific functions you use such as FX pricing screens, yield curve analysis, or news monitoring, as this is a non-negotiable tool for this role.
If you hold the ACI Dealing Certificate or CFA Level 1, place these prominently near the top of your CV — they are listed as advantages and will differentiate you from candidates who rely solely on experience.

Career Path

Roles that lead here

Treasury Operations Officer

Graduate Trainee / Analyst in Treasury or Capital Markets

YOU

Where this leads

Senior Treasury Dealer

Head of Treasury / Chief Dealer

Skills & Keywords

TreasuryFX TradingFixed IncomeBloombergMoney Markets

Honest Assessment

Green Flags

Salary range of KES 160,000–250,000 is transparently disclosed and sits above the typical market rate for this role in Nairobi.
NCBA Bank is a Tier 1 institution with a large, active treasury function, offering genuine exposure to significant trading volumes and institutional-grade market access.
The role spans multiple asset classes — FX, money markets, and fixed income — providing broad skill development rather than narrow specialisation.
The ACI Dealing Certificate and CFA are listed as advantages rather than hard requirements, making the role accessible to strong candidates still building their credentials.

Watch Out

The posting does not specify the size of the trading book or daily volumes, which makes it difficult to assess the true complexity and pressure level of the role before applying.
No mention of benefits, bonuses, or performance incentives — in dealing room roles where performance is highly measurable, the absence of any mention of variable pay may be worth clarifying at interview.

A Day in the Life

☀️

Your week starts early — by 7:30am you are at your Bloomberg Terminal reviewing overnight developments in global FX markets, USD/KES moves, and any CBK announcements before the Nairobi interbank market opens. Mid-morning is typically spent executing FX spot and forward deals for corporate clients, coordinating with the sales desk, and managing the bank's open positions within approved limits. By afternoon, you are monitoring the T-Bill and bond market, adjusting the fixed income book as needed, and preparing a brief market update for treasury management covering liquidity positions, rate movements, and any regulatory developments from CBK.

Frequently Asked Questions

What qualifications do I need to become a Treasury Dealer at NCBA Bank?

The role requires at least 3 years of treasury or dealing room experience and strong proficiency in Bloomberg Terminal, with knowledge of Kenya's money and capital markets. The ACI Dealing Certificate and CFA Level 1 are advantageous but not mandatory.

Is the Treasury Dealer role at NCBA Bank remote or office-based?

This role is based in Nairobi and is almost certainly fully office-based, as dealing room positions require real-time access to trading systems, Bloomberg terminals, and direct coordination with colleagues on live market activity.

How much does a Treasury Dealer earn at NCBA Bank?

NCBA Bank has posted a salary range of KES 160,000 to KES 250,000 per month for this role, which is above the typical market rate for Treasury Dealers at Kenyan banks and reflects the seniority and scope of the position.

What are the career growth opportunities after working as a Treasury Dealer at NCBA Bank?

Strong performers in this role can progress to Senior Treasury Dealer and ultimately to Head of Treasury or Chief Dealer, with NCBA's scale also offering potential exposure to regional treasury roles across its African operations.

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