Senior Dealer International Treasury

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Job Description

Role Summary

As the Senior Dealer International Treasury, you will supervise all money market activities for the Group’s international operations in a cost-effective manner in accordance with the Group’s strategy, risk appetite, regulatory requirements, policies and procedures and the delegated authority.

Role Description

Other areas of responsibility and activity will include:

  • Enhancing and maintaining relationships with key international entities requiring money market services.
  • Monitoring/performing trading in various money market instruments such as deposits, loans, short-term securities.
  • Performing activities and monitoring subordinates in compliance to the department’s policies and procedures for conducting buy/ sell deals in various currencies, maintaining/collating MIS pertaining to profitability/ revenue, and observing compliance with the applicable limits approved by the Board/ its delegated authorities.
  • Ensuring compliance to set money markets limits for each international entity and recommends any changes to the Head of MM, when required.
  • Following up on the timely processing of Group International MM deals in coordination with Treasury Operations.
  • Providing pricing support for subsidiary departments and branches in foreign currency MM products.
  • Monitoring gap positions for each subsidiary, and ensure positions are within QCB guidelines.
  • Supervising and manages the production and preparation of daily rate sheets.
  • Assisting the Head of MM in the provision of MM solutions to meet customers’ and the Group International hedging requirements.
  • Monitoring and analyze the international markets to be able to trade profitable positions and advise direct subordinates within the delegated authority.
  • Supporting in the provision of accurate reporting of P&L figures of all MM activities and revalue outstanding positions to Head of Trading on daily, weekly and monthly basis.
  • Is involved in the structuring of MM products, as and when deemed necessary by the Head of Treasury Structured Products and Derivatives, in consultation with Head of money markets.

Qualifications

  • Bachelors Degree in Business, Finance, Mathematics, or Economics.
  • MBA, CFA, or related professional certification is a plus.
  • Extensive experience in an active Money Market dealing room, preferably in the Gulf.
  • In addition to the above we require a candidate who has:
  • Excellent oral and written communication skills in English and Arabic (preferable).
  • Good knowledge of a range of MM products.
  • Knowledge of the international MM markets and currencies.
  • An understanding of hedging techniques.
  • An understanding of pertinent international and local laws, regulations and practices.
  • The ability to work effectively under market pressures whilst maintaining risk control and limit compliance.