Job ID:
Port Moresby, NCD, Papua New Guinea
Banking & Financial services Jobs, Management / Executive Jobs
Job Views:
Job Description:
Join the Leading Bank of the South Pacific
Bank South Pacific (BSP) is a modern and energetic bank with the largest branch, rural and electronic banking networks in Papua New Guinea, Fiji, Solomon Islands, Cook Islands, Samoa, Tonga, Vanuatu and Cambodia. BSP is committed to providing the highest level of service combined with market leading financial solutions to our corporate and retail customers.
This position is based at Ravalien Haus – Harbour City (Port Moresby) and reports directly to the Head of Liquidity Management & Quality Assurance. The success candidate will be responsible to:
  • Manage PNG’s domestic & foreign currency liquidity positions (exposures) on a daily basis with a view to maximizing revenue within Market Risk Parameters, Prudential Guidelines & the Administrative & Operational Guidelines for the Foreign Exchange Market.
  • Manage BSP’s foreign currency risk positions to minimize market risk.
  • Actively engage with Government, Bank of Papua New Guinea, onshore/ offshore interbank market & Non-PNG Countries in a transactional & advisory capacity.
  • Actively engage with internal stakeholders in relation to liquidity, positions, exchange & interest rates and general global markets information flow

Key Deliverables:
Foreign Exchange;
  • managing PNG’s foreign exchange trading book positions,
  • calculation of foreign exchange rates of exchange settings & issuance of daily published rates of exchange,
  • pricing of interbank & non-PNG Countries foreign exchange transactions,
  • lodgement of foreign currency orders in the PNG foreign exchange interbank market,
  • dealings in the PNG foreign exchange interbank market,
  • dealings in the off-shore Interbank (including Non-PNG Countries) foreign exchange market, Money Market;
  • funding the Bank’s exchange settlement account,
  • funding the Bank’s consolidated foreign currency balance sheet,
  • completing PNG Government (including BPNG) bid forms in accordance with GALCO and/or Liquidity Committee directives,
  • pricing PGK & foreign currency money market transactions in line with GALCO directives,
  • money market dealings in the PNG interbank market,
Job Requirements:
Preferred Qualifications, Professional/Technical Skills & Experience:
  • University Degree in Business related discipline & / or AFMA or equivalent qualification relating to Financial Markets / Treasury
  • Adequate competency in Accounting knowledge.
  • Accurate, fast and pays attention to detail.
  • Ability to meet deadlines and deals positively with pressure.
  • Relevant Treasury Front Office experience.
  • A team player and can work well with people.
Salary offered will commensurate with skills and experience of successful candidate.
Forward your application to: Manager Recruitment | Bank South Pacific | P.O. Box 78, Port Moresby, NCD | Email: |
Full details of the position are available on our website. Only shortlisted applicants will be contacted for interviews
Applications close Tuesday, 20th August, 2019.

Alternately, you can apply via PNGJobseek using the following methods of application:
Email a single file (which includes updated CV and other required documents) to – put your mobile number, job advert number in the subject box of email. (For example, 70907200,66031)           *Need help call 70907200*. 
Click on the Apply Now button located at the top of this advert – you must have a CV registered with PNGJOBSEEK.
Ensure you are registered as a Jobseeker and have a CV linked to your account. Text Apply66031 to 16563 = 0.25t/application and follow prompts.