Executive Director, Equity Derivatives at First Abu Dhabi Bank Pjsc

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

20 May, 26

Salary

0.0

Posted On

19 Feb, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Derivatives, Portfolio Management, Investment Strategy, Options, Futures, Volatility, Risk Management, Execution, Modelling, Pricing, Hedging, Overlay Strategies, Greeks Analytics, Scenario Testing, Stress Testing, Compliance

Industry

Banking

Description

Part of the Public Equity Investment Desk, the Equity Derivatives Portfolio Manager is responsible for managing, structuring, and executing the Bank’s investment strategies across global equity derivatives markets. The role focuses on generating absolute risk adjusted returns through the deployment of equity linked instruments including listed and OTC options, index and single stock futures, volatility structures, dispersion strategies, and hedging/overlay programs. The role requires active involvement in the entire investment process—idea generation, pricing, modelling, execution, risk management, and performance attribution—while interacting with both internal and external stakeholders to ensure strategic alignment, robust governance, and contribution to the Global Markets business performance. Key Accountabilities: • Assist the Head of Desk in developing investment strategy; building, managing, and maintaining efficient portfolios with the goal of delivering target risk adjusted returns. • Overlook the full investment process from idea generation to execution. • Liaise with all relevant stakeholders within and outside GM to ensure smooth process and adherence to the Bank’s policies and procedures. • Responsible for revenue generation and contribution to the unit and GM bottom line on a consistent basis. • Provide expert insight on key market trends, investment themes and reflect considerable domain expertise of investment strategies, portfolio theory, capital market dynamics and their potential impact on the portfolio. • Reflect proven ability to undertake detailed portfolio review, perform in depth risk assessment, capture market dislocations, and ensure successful execution of trades. • Ability to work in a cross functional setup, reflecting high commitment and ownership on assigned initiatives. • Reflect high integrity, professionalism, and business ethics in a multicultural environment. • Demonstrate sound judgment and effective communication skills, with proven ability to articulate, present concise information, and lead negotiations objectively. • Maintain strong understanding of existing and emerging regulatory developments and ensure compliance with internal and external regulations. • Manage and expand FAB’s Equity Derivatives portfolios, including volatility, convexity, dispersion, relative value and market neutral strategies. • Design, implement, and actively manage equity derivatives-based hedging and overlay strategies for the Public Equity Investment Desk. • Lead idea generation across derivatives structures by identifying volatility regime shifts, market dislocations, cross asset opportunities, and systematic QIS style exposures. Price, model, and structure derivative trades—both listed and OTC—using Greeks analytics, scenario testing, and stress testing frameworks. • Overlook trade execution quality and maintain high standards of best execution across global exchanges and OTC counterparties. • Manage portfolio level and trade level market risks including delta, gamma, vega, theta, correlation, and tail risk exposures. • Produce derivatives focused market commentary, portfolio updates, and trade rationales for senior management. • Perform detailed P&L attribution including volatility P&L, carry, realized, and mark to market components. • Ensure full compliance with FAB internal controls, ISDA/CSA frameworks, risk and model governance requirements, and all applicable regulatory rules. • Collaborate with Risk, Treasury, Operations, Compliance, Legal and other partners to ensure strong governance and operational excellence. • Contribute to development of quantitative tools, pricing models, scenario engines, and desk automation. • Mentor junior analysts and support capability building within the desk. • Monitor global markets continuously for catalysts, structural changes, and risks affecting derivatives pricing and hedging costs. • Contribute to Global Markets’ profitability and support achievement of annual performance targets. Minimum Qualification • 7–10 years of buy side or similar front office experience with direct involvement in equity derivatives or systematic/market neutral strategies. • Strong technical and analytical skills with expert level derivatives knowledge, particularly volatility, options pricing, and RV based structures. • Experience with market neutral and dispersion strategies. • Academic degree in finance, economics, engineering, mathematics, or quantitative discipline. • CMT or CFA preferred. Minimum Experience 10+ years cumulative experience in derivatives pricing, modelling, execution, overlays, and risk management. About Us: First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients. Life at FAB: Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization Career Development: FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development. Our Values: At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication. Join our team and be part of a journey to shape the future of banking.

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Responsibilities

The Equity Derivatives Portfolio Manager is responsible for managing, structuring, and executing investment strategies across global equity derivatives markets to generate absolute risk-adjusted returns using various equity-linked instruments. Key duties include overseeing the entire investment process from idea generation to execution, ensuring strategic alignment, robust governance, and contributing consistently to revenue generation and the Global Markets business bottom line.