Executive Director, FX And Rate Trading

Job description

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

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, be available for customer calls

Work closely with quant teams in refining and calibrating pricing and valuation curves

Know and understand pricing constructs and modelling of relevant products

Ensure new and existing curves, frameworks, systems development and processes are fit for purpose and are aligned with market best practice

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

As assigned by line manager

Ensure compliance in line with group health & safety procedures & policies

Functions within the framework and boundaries of group policies as well as overall organizational and governance frameworks

Authorized to take decisions as per the approved authorization matrix

Has discretion to operate within the parameters laid down by the relevant head

Requirements & qualifications

Minimum degree in accounting, economics, banking or financial management or equivalent

Minimum of 8 years relevant markets experience in similar positions

A strong understanding of relevant 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 Microsoft Office skills including VBA/Macro development

Strong interpersonal skills

Strong analytical background & quantitative skills

Bloomberg user

Self-starter who shows initiative and is able to problem solve & work with stakeholders confidently

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 globally that rewards your hard work and dedication.

Join our team and be part of a journey to shape the future of banking.