Trader - Asset Management

Job description / Role

The investment Trader is responsible for receiving orders from clients and placing/executing these orders in the international markets. The function relates to all kind of financial products which are either traded on a regulated market (i.e. equities, ETFs) or over the counter (i.e. fixed income, structured products, funds, etc)
- Communicate requested information to internal and external clients.
- Handle client specific inquiries.
- Reconciliation between Front Office and Back Office at EOD for Trades and Settlements.
- Vigilant inspections of trade orders placed and ensuring that all order requests meet compliance standards.
- Liaising between Fund Admin and Front Office for portfolio reconciliation.
- Follow with Fund Admin all corporate actions for all shares under custody and ensuring they're auctioned accordingly.
- Process all customer requests including periodical email/fax confirmations, statements, fund transfers, share transfers, personal information changes..
- Investigate and resolve clients issues associated with their ADCB/Brokerage Account.
- Maintain a record of all trades executed, charges and payables, by the trades team independently for reconciliation and referencing.
- Abide by the daily shift schedule as required by the business.
- Log and/or file all communications to/from clients and departments for tracking purposes.
- Prepare daily/weekly/monthly reports.

JOB DIMENSIONS:

Quantifiable:
- Set a financial target and meeting clients as discussed and agreed with Wealth Management trading Desk Manager
- Internal / External Client Services.
- Front Office Back Office Reconciliation.

Non Quantifiable:
- Administrative and operational assignments.
- Acquire, build and develop relationships with clients (internal and external) and brokers.
- Sustain threshold levels of trading and continually be updated on the latest market news / macro and micro economics

Key Results Areas:
- Maximizing Trading
- Generating new business
- Best execution practice

MAIN TASKS & RESPONSIBILITIES:

Targets
- Meet set quantifiable dimensions as outlined in the section 3.1 of Job Dimensions.

Service Level / Quality Assurance
- Meet all clients requests in a timely and organized manner.
- Ensure all communications made to clients are recorded and followed up timely and professionally.
- Immediate 1st line problem resolution.
- Provide excellent client service to achieve client loyalty.
- Clarify and explain procedures and services. Provide clients a fast, precise, and professional trading experience.

Market Conformity
- Ensure that trades conform to regulations of governing agencies
- Maintain a thorough understanding and rationalize/educate clients about market terms and trading practices.

Systems Familiarity
- Basic understanding and ability to use and communicate via Bloomberg Execution Management Systems.
- Counter parties trading platform
- Prospero

Market Evaluation / Information
- Giving unbiased information about market conditions, social and economic data and financial information to clients.
- Communicating relevant vital regulatory information to clients.

Portfolio Monitoring / Management
- Daily/Weekly review of clients portfolios, highlighting any relevant information (Corporate Actions, dividend payouts, M&A, etc)

Managerial Escalation / Communications
- Support management and recommend new strategies to develop and enhance the business processes and activities.

Decision Making Authority & Responsibility:
- Limited to certain functions, enabling on-the-spot problem resolution.
- Suggesting workflow changes to Head of Brokerage Products.
- Raising any issues relating to system functionality / business workflow.

Administration
- Ensure all compliance and risk codes are adhered to.
- Optimization of resources: building a strong contact base.
- Efficient use of the available systems and platforms
- Assist and contribute in the preparation of reports and operating procedures.

Problem Solving Complexity
- Remedying clients account issues highlighted by the Front and Back Office.
- Excellent communication and computer skills.
- Root analysis to arising issues and referral to management as and when is required.

Requirements

The candidate must be a university degree holder at minimum.

The candidate must be experienced in trading across a variety of asset classes (equities, fixed income, structured products, etc.)

About the Company

ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, Islamic products, project finance, and property management services.