Director - G10 FX & Rates Trader (Emiratized)

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 300,000 - 500,000; Full time

Job summary

A leading financial institution in the UAE seeks an experienced professional for their G10 FX & Rates trading desk. The successful candidate will manage FX and interest rate reporting, enhance product offerings, and provide market insights while adhering to strict risk management protocols. Ideal candidates will hold a finance degree and possess strong analytical skills, with experience in market-making and compliance.

Qualifications

• Minimum of 3 years in relevant markets experience required.
• Strong understanding of G10 FX & Rates products.
• Proven track record of managing risk effectively.

Responsibilities

• Manage FX and Interest Rate reporting to the Head of FX & Rates G10+Asia.
• Produce market commentary and trade recommendations.
• Responsible for adhering to assigned risk and stop loss limits.

Skills

Market-making skills

Risk management techniques

Strong analytical background

Quantitative skills

Interpersonal skills

Microsoft Office skills

VBA/Macro development

Education

Bachelor’s degree in finance

Master’s degree in finance (preferred)

Tools

Murex

Job description

Company Description

Join UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry.

Job Description

FAB’s Global Markets division is a complex, multidisciplinary business which requires constant innovation to remain competitive. Within the GM group the G10 FX&Rates trading desk is a multi-currency, multi product desk which aims to facilitate customer flow in order to grow the FAB franchise. It requires active price-making and management of foreign exchange and interest rate risk by leveraging client flows and producing alpha through directional positioning in linear products.

Key Accountabilities:

Manage FX and Interest Rate reporting into the Head of FX & Rates G10+Asia, with a specific focus on liquid G10 interest rate markets, including IRS, XCCY, Basis Swaps, Futures, Cash Treasuries, FX Spot, FX FWDS and an understanding of XVA factors. Deliver macro strategy and manage/leverage customer flow to meet and surpass set budget. Enhance the FX & Rates desk (and Global Markets) in a wholistic manner for example, expanding product offerings, systematic and procedural improvements.

Support distribution avenues to enhance the flow business:

• Produce market commentary and trade recommendations where required.
• 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 FX and interest rate products
• Responsible for adhering to assigned risk and stop loss limits.
• 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 new and existing curves, frameworks, systems development and processes are fit for purpose and are aligned with market best practice.

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Qualifications

• Bachelor’s degree in finance or related discipline, a master’s degree is preferred
• Minimum of 3 years in relevant markets experience in similar position
• A strong understanding of G10 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 Microsoft office skills including VBA/Macro development
• Strong interpersonal skills
• Strong analytical background & quantitative skills
• Experience with Murex preferred