Senior ALM Dealer – Westbourne Partners

Company: Full Time Jobs in Qatar
  • Location: Doha, Qatar View on Map
  • Date Posted: March 8, 2023
  • Salary: Negotiable
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About the job

Job Title: Senior Dealer International Currency

Department: Money Markets – Trading – Treasury

Location: Qatar, Doha

About Us: We are one of the largest Banks in the MENA region

Position Overview: You will supervise all Money Market (MM) activities in international currencies. You will supervise the inter-bank and customer deposit resources of the Group and refinancing its assets in foreign currencies in a cost-effective manner in accordance with the Group’s strategy, risk appetite, regulatory requirements, policies and procedures and the delegated authority.

Primary Responsibilities:

  • Complies with budgets, policies and procedures in relation to International Currency MM operations.
  • Assists in the implementation of annual business plans for the area of responsibility with emphasis on achievement of set targets / objectives, business growth and expansion in the International Currency MM Desk.
  • Implements and evaluates of best practice work methods in area of responsibility to achieve optimum level of performance efficiency.
  • Builds and maintains strong and effective relationships with all other related units to achieve the International Currency MM Desk goals/objectives.
  • Provides timely and accurate information to the external and internal auditors, the Compliance function and Group Risk as and when required.
  • Assists in maintaining relationships with departments requiring MM transactions in international currencies.
  • Performs activities and monitors subordinates in compliance to the department’s policies and procedures for conducting buy/ sell deals in foreign currency, maintaining/ collating MIS pertaining to profitability/ revenue, and observing compliance with the applicable limits approved by the Board/ its delegated authorities.
  • Monitors/ performs trading in various international currency money market instruments such as deposits, loans, short-term securities, forward rate agreements and interest rate swaps in approved currencies and with approved counterparties.
  • Ensures compliance to set international currency money markets limits and recommends any change to the Head of MM when required.
  • Follows-up on the timely processing of international currency MM deals in coordination with Treasury Operations.
  • Provides pricing support for major departments and branches in foreign currency products.
  • Monitors foreign currency gap positions, and ensure positions are within QCB guidelines.
  • Assists the Head of MM in the provision of international currency solutions to customers’ and the Group’s hedging requirements.
  • Monitors and analyze the international markets to be able to trade profitable positions and advise direct subordinate within the delegated authority.
  • Supports in the provision of accurate reporting of P&L figures of all MM activities and revalue outstanding positions on daily, weekly and monthly basis.
  • Is involved in the structuring of international currency MM products, as and when deemed necessary by the Head of Treasury Structured Products and Derivatives.
  • Monitors performance of direct reportees and guide them in managing their performance by providing appropriate feedback.
  • Identifies related areas for professional development of self and all direct reports, and act to enhance professional development of self and others.
  • Ensures high standards of confidentiality to safeguard commercially sensitive information.

Experience Requirements

  • Bachelor’s Degree in Business, Finance, Mathematics, or Economics.
  • MBA, CFA, or a related professional certification is a plus.
  • Minimum 20 years’ experience in active MM/ALM/liquidity dealing room, preferably in Europe / far east.
  • Excellent oral and written communication skills in English.
  • Good knowledge of a range of MM and derivative products.
  • Knowledge of the international MM and derivatives market and currency.
  • Understanding of derivative complexities and hedging techniques.
  • Analytical and problem solving skills coupled with decision making ability.
  • Understanding of pertinent international and local laws, regulations and practices.
  • Good interpersonal skills.
  • Ability to motivate and lead teams from diverse cultural backgrounds.
  • Must be able to work effectively under market pressures whilst maintaining risk control and limit compliance.
  • Undoubted ethical awareness and conscious of risks being undertaken.
  • Profit and results driven.

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