Money Market Analyst Job Description

November 26, 20110 Comments

Money Market Analyst Job Profile and Description

The money market analyst is the one who needs to analyze and look into the matter of money market instruments such as short term deposits, treasury bills and foreign exchange swaps. He or she recommends the options to the financial manager on which instrument to use for the short term investments. As there are the occasions when a company prepares cash payments for suppliers, indebtedness, payroll money or other cash disbursement requirements often ahead of their due dates. The cash resources can be invested within a period of time before they are used and can be anywhere from oversight money placements to 30-day floats and Financial Managers.

Duties and Responsibilities

There are the following duties and responsibilities of a money market analyst which are expected to be fulfilled:

  • The money market analyst has the prime duty to conduct the regular research on global and local money markets trends.
  • He or she has to check out and analyze the 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.
  • He or she has to prepare the trend reports regularly of economic and market.
  • He or she has to recommend the reports to the Financial Investment Manager.
  • The analyst has to gather the related data on stock and bond reports.
  • He or she has to do the economic forecasting from government financial and economic bureaus, securities manuals, financial statements and other financial publications as well.
  • He or she always has to identify the investment opportunities if any to utilize them properly.
  • It is needed to maintain the coordination with the local stock brokerages on money placements.

Skills and Specifications

The required skills and specifications are as follows:

  • He or she should be able to handle the detail work.
  • He or she needs to have the tenacity to ensure mathematical accuracy in the work considering that options for money market placements can be just a matter of fractional cents.
  • He or she should have the team working skills to work with a team with the compliance with the deadlines and work under pressure.
  • The person must exhibit strong interpersonal skills to establish and maintain the effective working relationships with the brokers, banks, investment houses and government financial agencies.
  • He or she should have the team working skills to work with a team of loan officers as well as with client management officers.
  • The person needs to have a thorough and deep knowledge of the money market instruments, investment and risk management principle.

Education and Qualifications

·         The person needs to have a basic degree at the minimum in a business field with a strong bias in Banking, Financial Management and Business Administration.

·         It will be an added advantage for the person having a previous experience in investments and financing business.

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