Executive Director, FX & Rates Trading

First Abu Dhabi Bank (FAB); Abu Dhabi; On-site; AED 1,000,000 - 1,300,000; Full time

Job summary

First Abu Dhabi Bank seeks a seasoned markets professional to lead emerging markets FX and rates activities, overseeing structuring and execution, and conducting risk and return analysis to maximise profitability while upholding policy and regulators.

You will drive strategy, pricing, and client flow, mentor juniors, and collaborate with Sales, Risk, and Quant teams to expand offerings and ensure compliant, timely pricing.

Qualifications

• Minimum degree in Accounting, Economics, Banking or Financial Management or equivalent.
• Minimum of 8 years relevant markets experience in similar positions.
• Strong understanding of relevant global markets products.
• Proven track record in risk management and delivering financial performance.
• Proficient with Bloomberg and VBA/Macro development.
• Excellent interpersonal and analytical skills.

Responsibilities

• Deliver the business strategy and manage/leverage customer flow to meet and surpass set budget.
• Lead and mentor junior staff and enhance desk capabilities with strategic improvements.
• Provide pricing and collaborate with Sales to develop the client franchise.
• Work with Risk to adapt mandate to opportunities and risk appetite of FAB.
• Develop and implement pricing curves, modelling, and ensure compliance with limits.
• Produce market commentaries and trade recommendations as required.
• Expand counterparty awareness and maintain relationships with brokers and market participants.

Skills

Market making

Risk management

Analytical skills

Interpersonal skills

VBA/Macro development

Bloomberg

Education

Bachelor's degree in Accounting, Economics, Banking or Financial Management

Tools

Bloomberg Terminal

Excel

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 User
• Self-starter which shows initiative and able to problem solve & work with stakeholders confidently