Money Market Analyst Job Profile and Description

There are occasions when a company prepares cash payments for suppliers, indebtedness, payroll money or other cash disbursement requirements often ahead of their due dates.  These cash resources lay idle in a bank and can be invested within a period of time before they are used.  This can be anywhere from overnight money placements to 30-day floats and Financial Managers are quick to invest these cash for a short-term high yield money placement.  This, together with other money market instruments like short term deposits, treasury bills and foreign exchange swaps are looked into and analyzed by the Money Market Analyst, recommending options to the financial manager on which instrument to use for short-term investments.

Duties and Responsibilities

  • Conduct regular research on global and local money markets trends
  • Check out and provide analysis of treasury bills, short term time deposits and overnight placements, money funds, foreign exchange swaps, asset back securities, and municipal notes, among other money market instruments.
  • Prepare regular economic and market trending reports and recommendations to the Financial Investment Manager.
  • Gather data on stock and bond reports, economic forecasts from government financial and economic bureaus, securities manuals, financial statements and other financial publications to identify investment opportunities
  • Coordinate with local stock brokerages on money placements.

Skills and Specifications

  • Must be able to work with an eye for financial detail and computational accuracy considering that options for money market placements can be just a matter of fractional cents.
  • Must be able to comply with deadlines and work under pressure
  • Must be able to work with a team and have excellent interpersonal skills to interact with brokers, banks, investment houses and government financial agencies when assigned
  • Must have a thorough and updated knowledge of money market instruments, investment and risk management principle.

Education and Qualifications

The position requires a college degree in a business or accounting field with a strong bias in Banking, Accountancy, Financial Management and Business Administration.  A previous experience in investments and financing business is an asset.