Director- HNWI Trade Execution (Emiratized)

• Full-time
• Sub Division: Global Private Banking
• Division: Personal, Wealth & Business Banking

Company Description

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together.

Job Description

• Responsible for reviewing day-to-day trading activities in the assigned FABS branch.
• Continuously monitors and reviews broker’s performance in the assigned FABS branch and approves activities concerned with the execution of trading strategies to ensure profitability for the company through the trading equity for FABS Clients as per the company’s policies and procedures and markets’ regulations.
• Responsible to ensure best Execution standards and to promote the best interest of clients and serve their trading needs and the integrity of the markets.
• Achieve financial targets for him and his team.
• Has responsibility for ensuring Customer Satisfaction of clients and investors trading activities in compliance with SCA, DFM and ADX rules and regulations.
• Responsible for ensuring compliance with all regulatory requirements to the conduct of trading activities so as to promote the best interest of clients and the integrity of the Company and market.
• Ensure Compliance of dealing brokers with SCA standards and FABS code of conduct and all FAB and FABS policies and procedures and ethics.

KEY ACCOUNTABILITIES:

• Develop operational procedures for brokers to ensure that only client and legitimate transactions are processed by the company.
• Ensure operational policies and procedures are updated in line with any rules and regulations introduced by SCA, DFM and ADX, and ensure proper implementation by the brokers: this will include reviewing non-compliance instances with internal audit/compliance officers and agreeing remedial actions.

Job Context:

• Review and spot check day-to-day processes ensuring complete abidance by CSR and brokers appointed to specific FABS workplaces with our internal P&P in addition to the policies stipulated by our regulators, sign off on all executed trades for the assigned brokers on a daily basis.
• Manage personal production to exceed the hurdle rate multiples set by management, additionally ensure that all brokers assigned meet the same criteria target.
• Ensure best practice in execution is maintained across FABS workplaces in line with the company policies and procedures and regulators by communicating with compliance officer on a daily basis and reporting any issues of concern related to the trading.
• Remain in contact with individual and HNWI clients that you are covering and assist brokers assigned to you with any support they need regarding their clients.
• Remain in contact with FAB branch managers in order to facilitate one-stop shop banking services for your valued clients.
• Prepare daily and weekly reports about trading activities for assigned brokers to the head of trading.
• Cross-sell all FAB products as directed by head of sales.
• Ensure that systems in place are properly controlled for any misuse by staff or by brokers and they are properly updated to incorporate any updates on trading rules as instructed by regulating authority or by ADX and DFM.
• Follow up with FABS/research desk regarding any market information.
• Manage all daily trading desk work.
• Liaise with operations head to ensure all trading activities and irregularities (alteration and cancellation) are properly recorded in back office system.
• Any other duties referred by FABS management.

Qualifications

• Graduate with a discipline in a relevant subject.
• 8 years broker experience.
• UAE Licensed broker.
• Self-motivated with potential professional growth.
• Able to work under pressure to meet deadlines.
• Good organizational/administrative skills.
• Fluency in written and spoken English and Arabic.
• Proven ability to deal effectively with different types of personalities.