Executive Director, Head of Carbon Markets

Role Overview

Executive Director, Head of Carbon Markets at First Abu Dhabi Bank (FAB), based in Abu Dhabi. This senior role leads the development and expansion of FAB's Carbon Markets franchise across both Compliance and Voluntary Markets within the Commodity trading desk.

Role Purpose

To develop and grow FAB's Carbon Markets franchise by originating and trading environmental products, managing carbon risk and pricing, building regional and global client relationships, and generating P&L through detailed carbon market expertise while enhancing the Commodity desk's capabilities and supporting the UAE carbon ecosystem.

Key Responsibilities

Franchise Development & Strategy

• Develop FAB's Carbon Markets franchise across Compliance Markets and Voluntary Markets.
• Enhance Commodity desk capabilities and grow the Carbon franchise.
• Actively participate in UAE carbon ecosystems and working groups, representing FAB as appropriate.
• Drive the Carbon offsets origination initiative.
• Support distribution avenues to establish a carbon flow business.
• Continually interface with desk head to ensure trading positions are reported daily and FAB's long-term requirements remain the target.

Product Development & Offering

• Develop strong product offerings for FAB Regional and Global Clients.
• Price, execute, and risk manage all carbon products.
• Support pricing, risk management, and origination activity of carbon offsets.
• Work closely with the sales team creating solutions.
• Show great awareness in developing new products with potential to increase revenue and keep the bank at the forefront of market changes.

Client & Stakeholder Relationship Management

• Establish relationships with key clients and counterparties.
• Partner proactively with all sales teams and coverage teams to support and enhance client strategy and delivery.
• Anticipate customer needs and respond to requirements in a timely and efficient manner, demonstrating strength in building positive relationships with existing and new clients.
• Maintain and enhance market counterparty and customer perception of FAB as the number one institution for local banks and corporates to handle their commodity business hedging requirements.
• Work with other international FAB centers capturing flow and pricing for new additional local customer business.

Risk Management & Trading

• Trade, price, and risk manage all compliance programs (ETS).
• Manage risk position of the desk within applicable limits and desk risk tolerance.
• Monitor risks in the global commodity book.
• Demonstrate a demonstrable track record of managing commodities risk.
• Generate P&L with detailed knowledge of Carbon markets.
• Be accountable for risk levels and limits set by desk head.
• Be responsible for adding revenue streams to Commodities.

Cross-Functional Collaboration

• Work in coordination with FAB ESG team and other product groups (GCF and GTB) whenever collaboration is relevant.

Team Leadership & Culture

• Promote and encourage cooperation within the team and its stakeholders, maintaining open dialogue between desks.
• Recognize and demonstrate the ability to exploit new business avenues, generating additional flow for the unit up and beyond remit.
• As a strong team player, show the ability to distribute important news to the room and network.
• Adapt to change and support any new desk initiatives.
• Promote new ways of working and remain confident and approachable.

Qualifications & Experience

• Minimum 7 years' experience in commodity trading with specifically strong experience in Carbon.
• Demonstrable track record of managing commodities risk.
• Strong knowledge of commodity markets, trading platforms, and trading systems.

Skills & Competencies

• Strong analytic background and eager to learn.
• Comprehensive mastery of key financial and commercial performance indicators of the strategic business unit.
• Ability to anticipate customer needs and respond to requirements in a timely and efficient manner.
• Strong team player with ability to build positive relationships with existing and new clients.
• Ability to recognize and exploit new business avenues.
• Adaptability to change and support of new desk initiatives.
• Confident and approachable demeanor.