Dealer Derivatives

Job description / Role

Established as one of Bahrain’s top locally owned Banks; our client was set up over 60 years ago and now has over 500 employees. They have a major share of the domestic banking market. Our client is urgently looking for Dealer Derivatives a for their Bahrain Office.

Duties & Responsibilities:
- To conduct within authorized limits profitable off balance sheet money market transactions with the aim of generating profits.
- To effectively coordinate the derivatives needs for other business units.
- Work with the Money Market group to achieve the unit’s financial objectives.
- Trade money market derivatives, as authorized, to take advantage of short-term developments in interest rates.
- Work closely with other business units to identify their derivatives requirements.
- Work closely with other Treasury units to identify hedging needs.
- Execute gapping strategies in IRS as appropriate.
- Recommend off balance sheet strategies to take advantage of money market rate movements.
- Analyse and evaluate pertanent market data related to monetary and fiscal policies affecting the direction of interest rates in major markets.
- Monitor the various money market books performance and formulate strategies in how to minimizing loses during adverse movement by markets.
- Keep supervisor alert of any changes or possible changes in money market rates, line availability and any related development that could have an impact on overall activities.
- Use money market derivatives to hedge the Bank’s assets and liabilities exposures (with Head of Treasury approval).
- Perform other duties as required by supervisor.

Requirements

- 3 - 5 years relevant experience
- Relevant degree and certifications
- Good experience of derivatives and Money Market
- 5 years experience in the Banking industry
- Excellent communication skills
- Excellent written and verbal communication skills in Arabic & English

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering