Managing Director- Global Head of Linear Trading

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

An established industry player seeks a dynamic leader to spearhead Linear FX & Rates trading activities. This pivotal role involves managing a talented team, driving business growth, and ensuring effective risk management within a fast-paced environment. The ideal candidate will possess extensive experience in banking, particularly in FX and Rates, alongside strong leadership and quantitative skills. Join a forward-thinking institution committed to providing tailored financial solutions and enhancing customer experiences globally. This is an exciting opportunity to make a significant impact in the investment banking sector while advancing your career in a supportive and innovative setting.

Qualifications

• 15+ years in banking with 10+ years in managerial roles.
• Strong quantitative skills and FX & Rates understanding.

Responsibilities

• Lead and manage Linear FX & Rates trading activities.
• Oversee risk management and PnL generation.
• Motivate and develop staff for optimal performance.

Skills

Leadership

Risk Management

Quantitative Skills

Financial Analysis

FX and Rates Knowledge

Education

Bachelor’s Degree in Finance

Master’s Degree in Finance

Job description

Company Description

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, products, and services to provide a customised experience.

Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

Job Description

To lead and manage the Linear FX & Rates trading activities, voice and electronic, within the Global Markets function, identify new trading activities and strategies to cater to potential customer demand or market opportunity, maintaining the bank ahead of the curve, thus positioning it as the premier investment banking player.

The position will require the candidate to motivate and lead a significant team, will be responsible for the day-to-day management of the business activities and will also be tasked to grow the business in a rapidly changing environment.

The candidate will also be responsible for oversight of risk management, PnL generation, supervisory and trading activities within the linear FX and Rates space. The scope of activities and authority will be defined by trading limits and senior management oversight.

Key Responsibilities:

• Ensure effective cascading of the functional strategy into department business plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
• Manage the effective achievement of assigned objectives through the leadership of the Global Products department by setting individual objectives, managing performance, developing, and motivating staff to maximise sectional performance.
• Manage the preparation and recommend the relevant business budget and monitor financial performance.
• Manage and ensure effective implementation of the departmental policies, procedures, and controls covering all areas of assigned department activity.
• Oversee a team of linear traders covering various markets and timezones under the FX and Rates Linear umbrella.
• Provide correct and competitive pricing for requests to internal and external customers, trading specific linear FX and Rates products within the required product mandate, fixed limits, and required risk profile of the desk.
• Work with reliable risk monitoring of transactions with a view towards contributing towards desk profit targets and creating customer loyalty, including build-out of the franchise.

Qualifications

• Bachelor’s Degree in Finance or related discipline; a Master’s Degree is preferred.
• 15+ years’ relevant experience in the banking sector, with at least 10 years in similar positions of progressively increasing managerial responsibilities in a similar or related role.
• Experience level enables job holder to provide leadership to others regarding work-related systems, processes, and challenges.
• Experience of interpreting strategy and policy in order to set and deliver objectives within medium to long time frames.
• Strong quantitative skills and understanding of Global FX and Rates.

Additional Information

Headquartered in Abu Dhabi in Khalifa Business Park, the bank’s international network spans five continents, providing the global relationships, expertise, and financial strength to support local, regional, and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across countries in which the bank operates.