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Head of Trading and Surveillance

2 months ago


Dubai, United Arab Emirates Dubai Gold & Commodities Exchange Full time
Job Description

Job Purpose:

Driving operational excellence will be the prime objective of this role. Oversee Trading and Surveillance Operations for the DGCX exchange. The role supports the CEO in the development and delivery of corporate objectives actively participating in shaping DGCX/DCCC overall strategy.

Key Accountabilities:

  • Develop and maintain a sound plan for operations.
  • Establish policies and processes to provide for capable management succession for those functions falling under the operations group.
  • Involve in strategy formation and operations of key initiatives across DGCX group
  • Communicate strategy & obtain the buy-in from the operations group.
  • Work closely with internal and external stakeholders to identify business changes and regulatory developments that warrant updating existing or developing new patterns or practices
  • Follow and implement adequate Surveillance policies, procedures and controls to ensure proper transparency and fairness of trading and orderliness in the Market and controls in respect of the Exchange Administrative Terminal to ensure effective management of critical trading functionalities on the DGCX platform, including Member management and product/contract creation.
  • Monitor trading in products (within the Exchange and the Clearing House in order to detect suspicious trading activity that could adversely affect the firm and its reputation and take the necessary measures and timely actions.
  • Analyse alerts escalated by the surveillance team leading to the detection and prevention of damaging misconduct.
  • Ensure necessary resources available for system testing and development away from the live production environment to facilitate, inter alia, evaluation and impact analysis of new contracts creation and systems enhancements.
  • Ensure team goals are aligned with overall corporate goals.
  • Promote a culture of high performance and continuous improvement and high operational standards.
  • Mentor and develop staff using a supportive and collaborative approach.
  • Develop the team’s capacity to conduct high quality routine surveillance and clearing operations.

Qualifications and Experience:

  • Degree in Management/Economics/Accounting
  • At least 15 years of relevant experience in Exchange, Clearing Corporation or Financial institution operations
  • Sound industry knowledge and domain expertise
  • Communication skills, Problem solving skills, Team leadership, Management skills,
  • Productivity oriented; Strategic thinker; Assertiveness

About Us

DMCC is a government entity established in 2002 to enhance commodity trade flows through Dubai. We perform a range of roles which continue to position Dubai as the preferred destination for global commodities trade and DMCC as the world’s No.1 Free Zone.