Gino, Junior Africa Trader, ABSA

Gino, Junior Africa Trader, ABSA

What degree did you study at university, Gino?

Master of Commerce in Risk Management of Financial Markets, at UCT.

Can you tell us why you chose this career? 

I enjoy working with numbers, as well as keeping up with global and African market developments. Also, I enjoy exploiting opportunities to add value across our markets and product-sets, while managing client and the bank’s risk. I thrive in a pressure environment and the responsibility that comes with the job.

What’s a typical day like in your job?

As a Junior Africa Trader, I’m responsible for market-make FX and fixed income products, across ABSA’s African-presence markets, including Egypt, Nigeria, Ghana, Kenya, Zambia and Uganda. My typical day starts around 7am, with my reading the news and preparing market commentary on the previous day’s events and movements. Also, I interact with brokers, clients and other banks all day regarding market movements and prices, as well as managing risk from branch-level to sales functions across SA (for example, facilitating an SA corporate who is looking to buy Kenyan shilling). I close the day around 6pm, with reporting on PnL for the day, closing final deals, and ensuring everything from an admin perspective is in order (for examples, that all trades are booked and risk is correct, trades have settled, and clients have had the daily colour).

What are the some of the highlights and challenges of your role?

Some highlights include effectively managing risk and adding value through being correctly positioned within the market. This has a direct impact on the bank’s PnL numbers. Some challenges include keeping up-to-date with market developments (politics, economics, and risk events, etc), then building a view on these and having events pans out in your favour.

How do you keep up to date with all the changes in your profession?

I stay updated via the main financial news vendors (for example, Bloomberg and Reuters), development agencies and, in relation for the African countries we deal in, their local news websites. Also, I’m in constant contact with ABSA’s traders in across the continent.

Thanks for sharing with us, Gino!