VACANCY ANNOUNCEMENT No. 034/2017
(Internal/External)
The vision of ECX is to become a leading and dynamic Exchange in Africa. ECX has a mission to provide a modern, efficient, transparent and reliable market platform to serve the national development goals through adaptation of technology, excellence in innovation and with integrity. ECX is a unique partnership of market actors, Members of the Exchange, and its main promoter, the Government of Ethiopia. ECX represents the future of Ethiopia, bringing integrity, security, and efficiency to the market. ECX would like to recruit motivated and qualified applicants for the following positions.
Position: Supervisor, Trading Center
Required No.: 2 (Two)
Duty Station: Nekemte and Humera
Availability: As soon as possible
JOB PURPOSE:- Manage the operations of the trading floor/room and the flow and execution of orders, including time management; ensure trading rules are followed; expeditiously handle any irregularities and coordinate the open outcry and e-trading bidding at the regional trading center.
SUMMARY OF MAJOR DUTIES AND RESPONSIBILITIES
· Manage the trading pit/room and the trading starting and ending time as well as announce remaining time reminder;
· Ensure only authorized trade Representatives are in the pit/room during the trading session;
· Prepare weekly trade session schedule and ensure properly posted;
· Ensure all traders positioned in their proper workstations corresponding to the token number they are provided randomly at e-trading platform;
· Ensure all traders are able to login before the session starts;
· Supervise Floor Marshals and certify order tickets are delivered to the back office in a timely manner;
· Make close follow up on the e-trading process to resolve any system related or other impediment facing traders;
· Ensure manipulations are not taking place in the trading pit/room between trade Representatives;
· Ensure the right commodity is being traded on a particular session;
· Manage the traffic flow of trade order tickets to the Data Assistants and ensures that all trades are being recorded in a timely manner;
· Ensure bids and offers are properly announced and placed in the market;
· Make sure correct prices are displayed;
· Make certain that no unauthorized communication devices are in the trading pit/room;
· Ensure match trades are conducted as per the rules and procedures
· Report any incidents occurred in the pit/room on daily basis as well as immediately
· Give witness on trade correction requests in relation to those material terms of contracts
· Prepare weekly trade session schedule and ensure properly posted
· Record bid and offer prices for most illiquid contracts at open outcry platform;
· Initiate request for the use of white board or other equivalent media when price ticker doesn’t function to display and implement upon approval;
· Initiate resources required for the trading pit/room and make request for any repair & maintenance or replacement;
· Contribute in designing and amendment of TRO procedure manual
· Ensure proper management of trade order tickets, traders jackets and lockers
· Manage performance evaluation of staffs under his/her supervision
. Perform other related tasks as assigned by the immediate supervisor.· MBA/BA in Management, Business Administration, or related field and 2/4 years of work experience in relevant field respectively.