Job closed
Ref: HP216-17
Job description / Role
Our client - A Leading Investment bank.
Job Purpose:
The role is responsible for maximizing the Foreign Exchange Income to the bank in accordance with Central Bank and internal regulations. This will involve the provision of pricing to customers through the corporate sales team and supporting them in customer marketing.
Job Accountabilities and Responsibilities
To be responsible for FX products across spot, forward and outright.
To be directly responsible for the assigned budget
Maximize Profit and Minimize risk within acceptability through; Market Making, Positioning and Trading within approved limits and policies and procedures.
Provide prices to corporate dealers, upon request, and meet with customers when requested.
Maintain deal record and P&L on a daily basis
Maintain close relationships with other Banks in order to support business in this area
Keep up-to-date with interest rate movements and currency fluctuations internationally through studying country economic indicators, etc.
To build key Bank relationships by meeting with Institutions within the UAE and receiving appropriate delegates from Banks that visit from abroad.
Maintain skill set by undertaking relevant training throughout year
To provide cover for Senior PMU Dealer and Senior MM Dealer in the absence of these staff
Dimensions of the Role
Produce the budgeted returns for the desk
Comply with internal and external regulatory requirements Central Banks
Provide interest rate pricing to corporate dealers
Requirements
Background and Experience
Individuals having a thorough knowledge of their product area and sectors including market liquidity and volatility, pricing plus trading/hedging strategies. Provide both technical and product support to senior staff. They will have the ability to handle all types of trading situations and are only confined by risk limitations.
Education level:
First degree in economics, commerce, business studies, or similar preferred
Good high school diploma minimum requirement PC literate.
Professional Qualifications:
Achieved or working towards Association COMBIS Institution [ACI] qualifications
Above average skills in numerical reasoning
Work Experience
5 years experience in Treasury of which 3 years experience in FX.
Specialist Skills/Competencies Required for the Role
Interpersonal skills; or the aptitude to develop them
Customer oriented; awareness of marketing concepts
Negotiating skills
Analytical; keeps up-to-date with developments in financial markets and foreign exchange
Report writing skills
Good command of the English language.
Ability to operate on a high-pressure environment.
About the Company
We at People Source Management have built our credentials in the area of HR consulting in the Banking & Financial, Real Estate sectors with clients of repute. People Source Management aims to expand its global network and invest in new people; operating systems; information technology; and quality. Buoyed up by the success of the two new verticals, BFSI and Real Estate, People Source Management plans to launch more such verticals in other industry segments.
Our specialization: Banking & Finance, & Real Estate with clients of Repute in the GCC region.
We cater to positions across the Banking and finance domain from Corporate, Retail, Investments, Treasury ,Brokerage etc. and across various functions ranging from Audit, Operations, Credit, Compliance , Risk, HR , IT, Business Process Re-engineering , E channels and lots more.