Director, Metal Trader

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 200,000 - 320,000; Full time

Job summary

First Abu Dhabi Bank (FAB) is seeking a seasoned Commodity Trader with deep Base and Precious Metals expertise to manage client flow, generate P&L, and drive revenue for the Metals franchise. The role focuses on risk management, market making, and strong relationships with key clients and counterparties.

The successful candidate will leverage knowledge of metals markets, trading platforms, and risk controls to expand FAB’s market leadership in the UAE and globally, coordinating with sales and

Qualifications

• Minimum 7 years’ experience in commodity trading with strong base/precious metals focus.
• Strong knowledge of commodity markets, trading platforms, and systems.
• Proven track record in managing commodities risk.
• Ability to develop client relationships and open dialogue across desks.
• Team player with adaptability to new desk initiatives.
• Excellent communication with sales and counterparties.

Responsibilities

• Manage and leverage customer flow to deliver the assigned budget.
• Generate P&L with a detailed knowledge of base and precious metals markets.
• Enhance the Commodity desk capabilities and help growing the Metals franchise.
• Establish relationships with key clients and counterparties.
• Support distribution avenues to enhance the flow business.
• Price, Execute and Risk manage the client flow.
• Base & Precious Metals Derivatives Market Making.
• Warrants business development.
• Proven track record in running risk and implementing trading strategies in Metals.
• Manage risk position of the desk within the applicable limits and desk risk tolerance and monitor the risks in the global commodity book.
• Be accountable for the risk levels and limits set by desk head and be responsible for adding revenue streams to Commodities.
• Have continuous interaction with sales on trading/hedging ideas.
• Work with other international FAB centers capturing flow and pricing for new additional local customers business.
• Continually interface with desk head to ensure trading positions are reported daily and the long term requirements of FAB remains the target.
• Maintain and enhance market counterparty and customer perception of FAB as the number one institution for local banks and corporates to handle their commodity business hedging requirements.

Skills

Base metals

Precious metals

P&L management

Risk management

Client relationships

Job description

JOB SUMMARY / INTRODUCTION

The Commodity trading desk is providing commodity hedges and risk management solutions. The desk covers a wide product range, covering Energy, Carbon, Base and Precious Metals and Agriculture. The role seeks a Commodity trader with specifically strong experience in Base and Precious Metals. The candidate’s primary focus would be to manage and leverage customer flow to deliver the assigned budget, generate P&L with a detailed knowledge of base and precious metals markets, enhance the Commodity desk capabilities and help growing the Metals franchise, establish relationships with key clients and counterparties, and support distribution avenues to enhance the flow business.

KEY RESPONSIBILITIES

• Manage and leverage customer flow to deliver the assigned budget.
• Generate P&L with a detailed knowledge of base and precious metals markets.
• Enhance the Commodity desk capabilities and help growing the Metals franchise.
• Establish relationships with key clients and counterparties.
• Support distribution avenues to enhance the flow business.
• Price, Execute and Risk manage the client flow.
• Base & Precious Metals Derivatives Market Making.
• Warrants business development.
• Proven track record in running risk and implementing trading strategies in Metals.
• Manage risk position of the desk within the applicable limits and desk risk tolerance and monitor the risks in the global commodity book.
• Be accountable for the risk levels and limits set by desk head and be responsible for adding revenue streams to Commodities.
• Have continuous interaction with sales on trading/hedging ideas.
• Work with other international FAB centers capturing flow and pricing for new additional local customers business.
• Continually interface with desk head to ensure trading positions are reported daily and the long term requirements of FAB remains the target.
• Maintain and enhance market counterparty and customer perception of FAB as the number one institution for local banks and corporates to handle their commodity business hedging requirements.

REQUIREMENTS / QUALIFICATIONS

• Minimum 7 years’ experience in commodity trading with specifically strong experience in Base and Precious Metals.
• Strong knowledge of commodity markets, trading platforms and trading systems.
• Strong analytic background and eager to learn.
• Demonstrable track record of managing commodities risk.
• Promotes and encourages co-operation within the team and its stakeholders. Maintaining an open dialogue between desks.
• Anticipates customer needs and responds to requirements in a timely and efficient manner. Show's strength in building positive relationships with existing and new clients.
• Recognizes and demonstrates the ability to exploit new business avenues, generating additional flow for the unit up and beyond his remit.
• As a strong team player would show the ability to distribute important news to the room/network.
• Adapts to change and supports any new desk initiatives. Promotes new ways of working and remains of a confident and approachable nature.
• Has a comprehensive mastery of the key financial and commercial performance indicators of the strategic business unit.
• Shows great awareness in developing new products that have the potential to increase revenue and keep the bank at the forefront of changes.

Preferred / Beneficial

• Preference for candidates with a proven track record in running risk in Base and Precious Metals.

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.