Director, Non-Linear and Structured Credit Trading

Mashreq; United Arab Emirates; On-site; AED 350,000 - 650,000; Full time

Job summary

Mashreq Bank in the United Arab Emirates is seeking an experienced Derivatives Trader to support the Non-Linear and Structured Credit Trading desk in pricing, risk management and execution of complex products.

You will contribute to daily P&L, position management and client execution, monitor market conditions, and work with Risk, Product Control and Operations to ensure accurate bookings and governance.

Qualifications

• 6–9 years of experience in derivatives or structured-credit trading.
• Knowledge of FX and rate-derivative markets, pricing tools, and risk systems.
• Strong analytical, quantitative, and communication skills.
• Degree in Finance, Mathematics, or Engineering; CFA or FRM preferred.

Responsibilities

• Execute and manage positions in products such as FX and rate options, structured notes, and credit-linked instruments.
• Support the Head of Desk in maintaining portfolio hedges, risk metrics, and daily limit monitoring.
• Provide timely pricing to Sales and Structuring teams, ensuring competitive and compliant execution.
• Monitor market conditions, implied volatility, and spread movements to identify trading opportunities.
• Coordinate with Risk, Product Control, and Operations on trade bookings, reconciliations, and valuation checks.
• Assist in model validation, stress testing, and scenario analysis.
• Ensure adherence to internal policies, product governance standards, and regulatory frameworks.

Skills

Derivatives trading

Structured credit

FX and rate derivatives

Analytical skills

Communication skills

Education

Finance, Mathematics or Engineering degree

Tools

Pricing tools

Risk systems

Job description

Job Purpose

Support the Non-Linear and Structured Credit Trading desk in pricing, risk management, and execution of derivative and structured-credit products. Contribute to daily P&L performance, position management, and client execution activities.

Key Result Areas

• Execute and manage positions in products such as FX and rate options, structured notes, and credit-linked instruments.


• Support the Head of Desk in maintaining portfolio hedges, risk metrics, and daily limit monitoring.


• Provide timely pricing to Sales and Structuring teams, ensuring competitive and compliant execution.


• Monitor market conditions, implied volatility, and spread movements to identify trading opportunities.


• Coordinate with Risk, Product Control, and Operations on trade bookings, reconciliations, and valuation checks.


• Assist in model validation, stress testing, and scenario analysis.


• Ensure adherence to internal policies, product governance standards, and regulatory frameworks.

Knowledge, Skills & Experience:

• 6–9 years’ experience in derivatives or structured-credit trading.


• Knowledge of FX and rate-derivative markets, pricing tools, and risk systems.


• Strong analytical, quantitative, and communication skills.


• Degree in Finance, Mathematics, or Engineering; CFA or FRM preferred.