Executive Director, FX & Rates Trading

Role Overview

Executive Director, FX & Rates Trading at First Abu Dhabi Bank, responsible for leading and managing Global Markets' emerging market (non-GCC/G10) FX and rates activities.

Role Purpose

Lead and manage emerging market FX and rates trading activities, including structuring and execution of transactions, risk and investment return analysis, and mentoring of junior traders, to maximize profitability while minimizing risk exposure and ensuring compliance with internal policy and external regulators.

Key Responsibilities

Business Strategy & Financial Performance

• Deliver the business strategy and manage/leverage customer flow to meet and surpass set budget.
• Responsible for meeting financial and business objectives set by the Head.
• Identify and analyze new product and regional opportunities.

Trading & Client Management

• Provide pricing to facilitate customer business and work with Sales colleagues in developing the client franchise.
• Accompany sales on customer visits and be available for customer calls.
• 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.
• Support distribution avenues to enhance the business.

Product & Pricing Development

• Work closely with quant teams in refining and calibrating pricing and valuation curves.
• Know and understand pricing constructs and modelling of relevant products.
• Produce market commentaries and trade recommendations where required.

Operations & Systems

• Enhance the desk (and Global Markets) in a wholistic manner, for example expanding product offerings, systematic and procedural improvements, and mentoring/training of junior staff members.
• Ensure new and existing curves, frameworks, systems development and processes are fit for purpose and are aligned with market best practice.
• Participate in improving reliability and efficiency of reporting.

Risk Management & Compliance

• Work closely with Risk teams in adapting and expanding the relevant mandate according to opportunities and the risk appetite of FAB.
• Ensure compliance with all appropriate limits including risk and counterparty limits.
• Develop and implement risk mitigation strategies.
• 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.

Leadership & Development

• Lead and mentor junior staff.
• Interact with internal colleagues to help develop synergies and spread knowledge.

Governance & Authority

• Authorized to take decisions as per the approved authorization matrix.
• Has discretion to operate within the parameters laid down by the relevant Head.
• Perform other duties as assigned by line manager.

Qualifications & Experience

• 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.
• Proven track record on managing risk effectively and delivering consistent financial performance.
• Knowledge of relevant regulations and jurisdictions and compliance requirements.

Skills & Competencies

• Strong market-making skills and well-developed risk management techniques.
• Strong Microsoft Office skills including VBA/Macro development.
• Strong interpersonal skills.
• Strong analytical background and quantitative skills.
• Bloomberg User.
• Self-starter which shows initiative and able to problem solve and work with stakeholders confidently.