Senior Dealer

CBD
Dubai
AED 120,000 - 180,000
Job description

To support the market pricing and provide hedging solutions to the sales desk on FX, Derivatives and Fixed Income. Supporting the structuring and trading franchise and streaming prices will form part of the role.

Principal Accountabilities :

  1. To ensure that market rates are provided to the sales desk for all products to enable the bank to identify the returns on every customer transaction.
  2. To work with sales team to develop solutions for customers hedging requirements.
  3. Provide FX and derivative pricing to sales team and close out transactions.
  4. Maintain counterpart relationships:
  5. Monitor flow of ancillary business to relationship banks (CSA, ISDA documentations,…).
  6. Book transactions across asset classes in respective systems.
  7. Liaise with legal and risk to ensure that all documentation is valid and enforceable.
  8. Liaise with IT and Operations for UAT test environments and system development for booking of new products.
  9. When necessary, provide marketing support to sales for on-site client visits.
  10. To give training for dealing room, RM’s, support functions and corporate customers for treasury products.
  11. Maintain compliance with appropriateness and product approval guidelines.
  12. To assist with streaming pricing to system and to support customers in its introduction.
  13. Provide multi-asset class information to customers and bank staff when required.
  14. Attend appropriate market events.

Requirements:

  1. Education and Experience:
  2. Graduate in Commerce, Economics, Finance Management or similar.
  3. 5 Years’ experience in Treasury & Finance field with at least 3 years in an active Dealing Room of a Bank with relevant derivatives exposure.
  4. Good knowledge of a wide range of FX products – Spot, Forward, NDF and Vanilla options.
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