Head of Trading - Treasury & Global Markets (EVP)

Mashreq; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player seeks a Head of Trading to lead the Trading Desk within Treasury and Global Markets. This executive role involves executing trading strategies across FX, Rates, and Credit while managing risk exposure and ensuring compliance with regulatory mandates. The successful candidate will oversee proprietary trading, optimize capital efficiency, and enhance trading profitability. Join a dynamic team that values leadership and strategic decision-making in a high-pressure environment, where your expertise will shape the future of trading operations.

Qualifications

• 12-15 years of trading experience in FX, Rates, Credit, and Derivatives markets.
• Proven track record in proprietary and flow trading, balance sheet management.

Responsibilities

• Lead the Trading Desk, ensuring effective risk-taking and execution across asset classes.
• Manage trading positions and ensure compliance with market risk limits.

Skills

Trading Strategies

Risk Management

Market Analysis

Liquidity Management

Leadership

Education

Bachelor's in Finance

Master's in Finance

CFA

FRM

Job description

Head of Trading - Treasury & Global Markets (EVP)

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The Head of Trading is responsible for leading the Trading Desk within the Treasury and Global Markets, ensuring effective risk-taking, pricing, and execution across approved asset classes. The role oversees proprietary trading, flow trading, and market-making activities while ensuring compliance with internal Market Risk limits and regulatory mandates.

This position is responsible for :

• Executing trading strategies across FX, Rates, Credit, and Structured Products.
• Providing price discovery and liquidity to internal and external stakeholders.
• Managing risk exposure and market positioning within approved mandates.
• Ensuring best execution practices for Sales Desk orders and client-driven trades.
• Optimizing the bank’s capital efficiency and maximizing trading profitability.

The role reports to the Group Treasurer and works closely with Sales & Structuring, Global Funding, Principal Investments, and Risk Management teams.

Key Result Areas :

• Manage trading positions across approved asset classes, including FX, Interest Rate Derivatives, Credit & Structured Credit, and Commodities.
• Ensure market-making capabilities by providing liquidity and price discovery to internal and external stakeholders.
• Oversee proprietary trading, ensuring compliance with delegated risk limits and Group Treasurer approvals.
• Execute strategic and one-off trades as directed by Senior Management, ensuring all necessary approvals are in place.

Flow Trading & Sales Desk Coordination-

• Pass market prices to the Sales Desk when covering with external counterparties.
• Support the Sales Desk in price discovery, obtaining additional market quotes where needed.
• Resolve pricing disagreements through collaboration with the Head of Trading, Head of Sales, and Head of Business Support & Governance.
• Maintain transparent pricing and best execution standards to uphold client trust and enhance trading efficiency.

Liquidity, Risk & Balance Sheet Management-

• Manage market risk arising from trading activities, ensuring adherence to approved risk limits and VaR thresholds.
• Ensure active hedging of positions to optimize risk-adjusted returns and regulatory compliance.
• Execute trades for Structural FX risk, including balance sheet exposures such as dividends or capital investments.
• Align with Group ALCO mandates for funding and liquidity optimization.

P&L Attribution & Performance Monitoring-

• Ensure daily P&L attribution for all trading desks, with reports shared with MTCR and the Group Treasurer.
• Work with Treasury Finance to validate trading results and ensure accuracy in risk and performance measurement.
• Drive continuous improvements in trading models and analytics to enhance profitability.

Governance, Compliance & Regulatory Adherence-

• Ensure compliance with all internal policies, regulatory frameworks, and Market Risk limits.
• Collaborate with Risk, Compliance, and Treasury Finance to enforce governance controls.
• Review and refine trading processes to align with UAE Central Bank regulations and global best practices.
• Ensure all overseas branches and subsidiaries follow treasury governance structures, reporting to Group Treasurer via ALCO.

Leadership & Team Development-

• Lead, mentor, and develop the trading team, fostering a high-performance culture.
• Ensure traders operate within their approved mandates, maintaining discipline in execution and risk-taking.
• Drive knowledge-sharing across Treasury & Global Markets, enhancing collaboration with Sales, Structuring, and ALM teams.

Knowledge, Skills, & Experience :

• Bachelor’s degree in Finance, Economics, or related field (Master’s, CFA, or FRM preferred).
• 12–15 years of trading experience in FX, Rates, Credit, and Derivatives markets.
• Proven track record in proprietary and flow trading, balance sheet management, and liquidity optimization.
• Experience in treasury risk management, ALM, and regulatory compliance.
• Advanced market risk analysis & hedging expertise.
• Strong trading execution skills with deep market connectivity.
• Leadership and strategic decision-making in high-pressure trading environments.
• Expert knowledge of UAE and global financial regulations.

Seniority level: Executive

Employment type: Full-time

Job function: Other

Industries: Banking, Investment Banking, and Financial Services