Dealer, ALM - UAE National Only

at  Commercial Bank of Dubai

JOB PURPOSE:

Assist in the management of the day-to-day liquidity along with compliance with regulatory ratios under ALCO guidelines. Work closely with sales team / RMs to achieve FX revenue for the bank. Manage various Nostro balances within the credit risk limit to maximise the return on excess cash.

PRINCIPAL ACCOUNTABILITIES:

Have basic knowledge of treasury products, function, and operation.
Be the centre for provision of deposit prices and to reduce the cost of funds.
Ensure Eibor rate setting is done as per the guideline provided by the Central bank of the UAE and within agreed/approved CBD IRSG (Internal Rate Setting Guidelines).
Manage the bank’s nostro and clearing account by maintaining an adequate level of funds to adhere to the set minimum balance, ensure Nostro accounts are not overdrawn, and surplus funds are invested at best price.
Prudent day-to-day management of the liquidity position, opportunities for FX and arbitrage.
Assist Senior dealer in managing FX sales flow in proceeds to FX pricing and cover in the market.
Assist Head of Fixed Income in managing investment flow and market cover.
Maintain relationships with external counterparts, brokers, and other financial institutions to trading activities.
Ensure compliance with all relevant regulatory ratios and internal policies and procedures.
Stay updated with relevant financial market trends, regulatory requirements, and industry best practices to effectively manage risks and identify new opportunitie