Executive Director FX And Rates Trading

First Abu Dhabi Bank (FAB); Abu Dhabi; On-site; AED 700,000 - 1,000,000; Full time

Job summary

First Abu Dhabi Bank (FAB) is seeking a senior professional to lead and manage its emerging market FX and rates activities. The role involves overseeing structuring and execution of transactions, conducting risk and return analysis, and mentoring junior traders to maximize profitability while maintaining regulatory compliance.

The candidate will collaborate with risk, quant, and sales teams to deliver pricing, market commentary, and client solutions, expanding product offerings and efficiency

Qualifications

• 8+ years in markets roles with focus on global markets products.
• Strong risk management and pricing experience in FX/rates desks.
• Proven track record delivering profitability and managing risk.

Responsibilities

• Lead and manage GM FX and rates activities; oversee structuring and execution.
• Mentor junior traders and collaborate with risk, quant, and sales teams.
• Develop pricing, curves, and strategies; provide market commentary and trade ideas.

Skills

FX

Rates

Risk management

Pricing

Quantitative skills

Education

Bachelor's in Finance or Economics

Tools

Bloomberg Terminal

Job description

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 wholistic 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 internal colleagues to help develop synergies and spread knowledges
• 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 UserSelf-starter which shows initiative and 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 worlds 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.