Ref: HP905-837

Job description / Role

Employment: Full Time

Job Purpose:

Assist in the management of the day-to-day liquidity along with compliance with regulatory ratios under ALCO guidelines. Work closely with sales team / RMs to achieve FX revenue for the bank. Manage various Nostro balances within the credit risk limit to maximise the return on excess cash.

Principal Accountabilities:
• Have basic knowledge of treasury products, function, and operation.
• Be the centre for provision of deposit prices and to reduce the cost of funds.
• Ensure Eibor rate setting is done as per the guideline provided by the Central bank of the UAE and within agreed/approved CBD IRSG (Internal Rate Setting Guidelines).
• Manage the bank's nostro and clearing account by maintaining an adequate level of funds to adhere to the set minimum balance, ensure Nostro accounts are not overdrawn, and surplus funds are invested at best price.
• Prudent day-to-day management of the liquidity position, opportunities for FX and arbitrage.
• Assist Senior dealer in managing FX sales flow in proceeds to FX pricing and cover in the market.
• Assist Head of Fixed Income in managing investment flow and market cover.
• Maintain relationships with external counterparts, brokers, and other financial institutions to trading activities.
• Ensure compliance with all relevant regulatory ratios and internal policies and procedures.
• Stay updated with relevant financial market trends, regulatory requirements, and industry best practices to effectively manage risks and identify new opportunities


Education and Experience:
• Graduate in Commerce, Economics, Finance Management or similar.
• 2 - 3 years in Treasury & Finance field preferably with experience in the Dealing Room of a Bank.
• Knowledge of a wide range of Treasury products.
• Basic knowledge of banking operations, credit and risk management

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.

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