To oversee daily Money Market operations by ensuring accurate processing, settlement, reconciliation and control of transactions, supporting front office activities and maintaining integrity of financial records, systems and accounts in line with governance and service standards.Hello Future Money Market Team Leader

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We are looking for a Money Market Team Leader who will oversee daily Money Market operations by ensuring accurate processing, settlement, reconciliation and control of transactions, supporting front office activities and maintaining integrity of financial records, systems and accounts in line with governance and service standards.

Job Summary

Type: full-time
Location: Windhoek
Category: Banking
Closing Date: 2026-07-23

Key Responsibilities

Oversee daily Money Market operational activities to ensure accurate and timely processing of transactions and settlements
Supervise and review transaction processing, settlements, and system updates to ensure compliance with procedures and controls
Control and monitor suspense accounts used for interbank settlement clearing to minimise interest exposure and reputational risk
Review and authorise Money Market deals across systems to ensure accurate position management and data integrity
Ensure the accuracy and completeness of databases capturing statistical deal information for both domestic and international transactions
Support front office dealers by providing system assistance and resolving operational issues across applicable platforms and related systems
Review and authorise manual journal entries to ensure accuracy, validity, and compliance with accounting standards
Oversee the preparation and issuance of confirmations and account statements to customers and counterparties while resolving related queries
Review daily operational reports, including batch proofs, general ledger balances, and control templates, to ensure accuracy and completeness
Supervise and review daily reconciliations, ensuring the timely identification, investigation, and resolution of variances
Control and monitor investment portfolios and settlement timelines to prevent delays, interest claims, and customer queries
Ensure general ledger balances are accurate and aligned with supporting systems and reconciliations
Oversee the safekeeping and custody of domestic assets and stock items, including script holdings
Ensure the delivery of investment certificates to clients in line with service standards and regulatory requirements
Provide guidance and support to team members to ensure adherence to processes, controls, and service level expectations
Escalate material operational risks, control breaches, or unresolved issues to management in line with governance frameworks

Requirements

Hold a Bachelor degree of Commerce, preferably in Financial Management, or a Diploma in Treasury Management
3 – 5 years Money Market or Investment related banking experience
1 – 2 years of Team Management Experience
Have a knowledge and understanding of Treasury Bills, Government Bonds, Negotiable Certificate of Deposits (NCD), Promissory Notes, Deposits, Loans, and Investment accounts
Be computer literate in Microsoft Excel, Word, Power Point and Outlook
Knowledge: Money Market instruments and settlements
Knowledge: General ledger management and reconciliations
Knowledge: Financial transaction processing and controls
Knowledge: Operational risk and compliance environments
Knowledge: Banking systems including settlement and payment platforms
Technical Skills: Money Market operations and settlements
Technical Skills: Reconciliations and suspense account management
Technical Skills: General ledger control and financial reporting
Technical Skills: SWIFT and settlement systems
Technical Skills: Operational risk and control procedures
Technical Skills: Financial systems and transaction processing
Technical Skills: Data validation and reporting

How to Apply

To apply, please visit: firstrand.wd3.myworkdayjobs.com

REF Code: R51467 | Job Code: R51467

About the Company

FNB Namibia stands as a leading financial services provider, deeply embedded within the country's economic landscape. As a key subsidiary of the FirstRand Group, it delivers a comprehensive suite of banking products and services tailored for individuals, businesses, and corporate clients across Namibia. From personal banking and innovative digital solutions to corporate finance and wealth management, FNB Namibia supports a wide array of financial needs. The bank maintains an extensive network of branches and ATMs, ensuring accessibility and service delivery from Windhoek to smaller towns. Committed to fostering economic growth and financial inclusion, FNB Namibia plays a vital role in the nation's development by empowering its customers and communities.

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Frequently Asked Questions

What qualifications and experience are typically required for a Money Market Team Leader role in Namibia?

Candidates usually need a Bachelor's degree in Finance, Economics, or Business Administration, along with a minimum of 5-7 years of experience in money market or treasury operations. ACI Dealing Certificates are highly valued, demonstrating specialized knowledge and adherence to global market best practices.

What are the common day-to-day responsibilities of a Money Market Team Leader at a bank in Namibia?

The role involves overseeing daily money market trading activities, managing the team's performance, and ensuring strict compliance with regulatory requirements. You would also be responsible for liquidity management, monitoring market risks, and fostering strong interbank relationships.

What is the typical work culture like for a leadership role in Namibian banking?

Namibian banking culture emphasizes professionalism, strict adherence to financial regulations, and a collaborative team environment. Leaders are expected to drive results, maintain high ethical standards, and effectively mentor and develop their teams.

What are the realistic career progression paths for a Money Market Team Leader in Namibia?

Successful team leaders often advance to Head of Treasury, Senior Dealer roles, or broader financial management positions within the bank or other financial institutions. Opportunities may also arise in risk management or investment banking within the Namibian financial sector.

What common benefits can one expect for a full-time Money Market Team Leader position in Namibia?

Typical benefits include comprehensive medical aid, a robust pension fund, and generous annual leave allocations, common for professional roles in the Namibian banking sector. Some packages may also include performance-based bonuses and other allowances.

How should one best apply for such a role in Namibia, and what do employers look for during the hiring process?

A strong application includes a detailed CV highlighting relevant money market and leadership experience, coupled with a cover letter demonstrating your understanding of the Namibian financial landscape. Employers seek candidates with strong analytical skills, proven team management capabilities, and a meticulous approach to compliance.