• 2.4.4.Interest rate arbitrage business – money market activity


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    Description of role

    Responsible for taking advantage of the differential money market rates in the market based on tenor and credit rating of counterparty.

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    Core skills

        
    • Knowledge of cut off times clearing times of various currencies
    • Knowledge of the various currency conventions used in the interest calculation
    • Develop network with brokers and banks to identify opportunities in arbitrage
    • Knowledge of the financial markets and be able to read moves of the central banks
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience

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    Industry knowledge

    • Sound Knowledge of Interbank Money Markets

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    Regulatory compliance of role

    • Knowledge of banking regulatory framework
    • AML laws and regulations
    • ACI Model Code