Executive Director- FX & Rates Trading

at  bankfab

Abu Dhabi, أبو ظبي, United Arab Emirates -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate17 Jul, 2024Not Specified18 Apr, 20248 year(s) or aboveFinancial Markets,Interpersonal Skills,Financial Performance,Dm,RiskNoNo
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Description:

COMPANY DESCRIPTION

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together.

KEY ACCOUNTABILITIES:

  • Manage multi-product and cross-asset class risk. Deliver macro views, seek arbitrage and relative value opportunities alongside directional and strategic positioning to meet and surpass set budget. A global view across multiple products and asset classes to find value creating opportunities is essential to creating a diversified strategy. Enhance the FX&Rates desk (and Global Markets) in a wholistic manner for example, expanding product offerings, systematic and procedural improvements, mentoring/training of junior staff members.
  • Enhance the GM business by:
  • Produce market commentary where required;
  • Provide pricing to facilitate customer business if needed;
  • Accompany sales on customer visits, be available for customer calls.
  • Specific Accountability:
  • Responsible for adhering to assigned risk and stop loss limits;
  • Well developed risk management techniques are essential;
  • Focus on minimising draw-downs with sound capital management practices;
  • Responsible for meeting financial and business objectives set by the Head of FX & Rates Products;
  • Ensure compliance with all appropriate limits including counterparty limits;
  • Identify and analyze new product and currency opportunities;
  • Ensure swift and consistent pricing to all internal and external customers;
  • Expand counterparty awareness of our capabilities to attract new flows and limits;
  • Ensure learning framework in place for team members to develop with appropriate teaching schedule and courses;
  • Ensure new and existing curves, frameworks, systems development and processes are fit for purpose and are aligned with market best practise.

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MINIMUM QUALIFICATION:

  • Bachelor’s degree in Finance, Accounting, Economics, Commerce or any related discipline.

MINIMUM EXPERIENCE:

  • Minimum of 8 years experience within financial markets covering risk in related products. Currency base and products are fluid across DM and EM, including knowledge and experience in emerging/frontier markets to enhance value across the business;
  • Proven track record on managing risk effectively and delivering consistent financial performance;
  • Strong Microsoft office skills including VBA/Macro development – programming language a plus;
  • Strong interpersonal skills;
  • Strong analytical background;
  • Experience with Murex preferred;
  • Bloomberg User;
  • Self-starter which shows initiative in resolving front office issues across traded products.

Responsibilities:

FAB’s Global Markets division is a complex, multidisciplinary business which requires constant innovation to remain competitive. Within the GM group the FX&Rates desk is a multi currency, multi product desk which aims to facilitate customer flow in order to grow the FAB franchise. It requires active management to leverage this flow as well as to add alpha through directional positioning of the portfolio and covers both linear and non linear classes.


REQUIREMENT SUMMARY

Min:8.0Max:13.0 year(s)

Marketing/Advertising/Sales

Marketing / Advertising / MR / PR

Sales

Graduate

Finance accounting economics commerce or any related discipline

Proficient

1

Abu Dhabi, United Arab Emirates