Senior Director - FX Options Trading

Organization Unit Purpose

The trading desk within Global Markets & Treasury takes proprietary positions within approved limits in various asset classes in order to achieve high returns to contribute the Group’s P&L. In addition to taking their own positions traders support internal business areas by providing expert knowledge of their asset class and by helping the structuring desk manufacture products for customers. Asset classes traded within the Trading Desk are, FX, Commodities, Credit – Structured and Flow, Rates & Non Linear Trading

Job Purpose

To complement the Rates and NL business generating yearly income of AED 200 Mio by managing the Non-Linear FX and rates flow business within approved limits. This role also allows the trader to manufacture products working with the Structuring team which in turn allows Corporate and Institutional Sales in particular (bank stakeholders as a whole), to expand the flow business from clients.

Take on market risk positions from internal desks (Sales) / provide hedging trade ideas for our own account and external clients.

Train junior members as appropriate.

Customer interaction as appropriate.

Provide efficient and competitive pricing.

Job Content

Trading profit to meet yearly Non-Linear budget (business level) target

Trading FX &Interest Rate Vol to achieve the budgeted target.

Support the Sales and Structuring, using appropriate communication skills. This support will range from market commentary, pricing and manufacturing products subject to market conditions.

Written and verbal communication to the desk members. Provide daily market updates/commentary at the appropriate market meetings.

Quote competitive and quick pricing when asked by Sales & Structuring desk

Contribute to the implementation of Calypso (GM&T’s IT Platform) to ensure Interest FX Derivatives can be maintained and priced effectively.

Attend meetings, test and UAT as appropriate. Take leading role in creating new FX related derivatives.

Effectively manage other Non-Linear traders using appropriate man-management skills. Focus on achieving the team budget.

Manage the team effectively and input into balance scorecards

Education

Post-graduate in banking, economics, finance, math or related business disciplines.

Experiences

8-10 years experience in IR trading with proven good track records

Knowledge & Skills

Ability to price non-linear products & manage the risk internally.

System implementation skills for non-linear products.

Technical and fundamental Knowledge of trading G7 & EM Markets

Exotic/Structured Product Knowledge

Calypso / Numerix systems

Bloomberg/Reuters

Natural leadership skills. Display an ability to work under pressure within approved trading limits.

Behavioral Competencies

Motivated self-starter who is well organized and able to manage a small team and work with limited supervision. Strong interpersonal and communication skills.

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