Executive Director- FX & Rates Trading
Job details
FAB's Global Markets division is a complex, multidisciplinary business which requires constant innovation to remain competitive. The Trading & Investments team, which is a core function within the Global Markets Franchise, is a high-performing business and offers an extensive range of tailor-made and strategic solutions, products, and services to meet the needs of customers worldwide. This position will be based in the UAE, sitting within the Emerging Markets FX & Rates Trading team, as part of the wider Linear Trading team. Job Purpose: To assist with leading and managing GM's emerging market (non-GCC/G10) FX and rates activities, including overseeing structuring and execution of transactions, conducting risk and investment return analysis, and supporting colleagues and junior traders, in order to maximize profitability while minimizing risk exposure and ensuring compliance with internal policy and external regulators. Key Responsibilities & Accountabilities:
- Deliver the business strategy and manage/leverage customer flow to meet and surpass set budget.
- Enhance the desk (and Global Markets) in a holistic manner, for example, expanding product offerings, systematic and procedural improvements, mentoring/training of junior staff members.
- Support distribution avenues to enhance the business.
- Provide pricing to facilitate customer business and work with Sales colleagues in developing the client franchise.
- Accompany sales on customer visits and be available for customer calls.
- Work closely with quant teams in refining and calibrating pricing and valuation curves.
- Know and understand pricing constructs and modeling of relevant products.
- Ensure new and existing curves, frameworks, systems development, and processes are fit for purpose and aligned with market best practices.
- Produce market commentaries and trade recommendations where required.
- Work closely with Risk teams in adapting and expanding the relevant mandate according to opportunities and the risk appetite of FAB.
- Interact with internal colleagues to help develop synergies and spread knowledge.
- Participate in improving reliability and efficiency of reporting.
- Lead and mentor junior staff.
- Responsible for meeting financial and business objectives set by the Head.
- Ensure compliance with all appropriate limits including risk and counterparty limits.
- Identify and analyze new product and regional opportunities.
- Develop and implement risk mitigation strategies.
- Ensure swift and consistent pricing to all internal and external customers.
- Expand counterparty awareness of our capabilities to attract new flows and limits.
- Cultivate and maintain strong relationships with counterparties, brokers, and other market participants.
- Bachelor's degree in Finance, Accounting, Economics, Commerce, or related discipline.
- Minimum of 8 years relevant markets experience in similar positions.
- A strong understanding of EM FX & Rates products and global markets products.
- Strong market-making skills and well-developed risk management techniques are essential.
- Knowledge of relevant regulations and jurisdictions and compliance requirements.
- Proven track record on managing risk effectively and delivering consistent financial performance.
- Strong interpersonal skills.
- Strong analytical background & quantitative skills.
- Experience with Murex preferred.
- Bloomberg User.
- Self-starter who shows initiative and is able to problem solve & work with stakeholders confidently.
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