Executive Director- FX Options

2 weeks ago


Abu Dhabi, Abu Dhabi, United Arab Emirates First Abu Dhabi Bank Full time

Job Purpose:

To continue and develop further the FX Options Trading capability of FAB Derivatives Trading Desk. In charge of FX options Pricing and Risk management generating trading/hedging ideas strengthening the current desk architecture and trading platform proposing new products. Work closely with FX & rates Desk GM Sales GM Risk and other stakeholders and develop new trading initiatives with departments across the bank to increase the revenue stream.

Key Accountabilities:

  • Market Making for the sales force in GCC/G10/EM currencies and subsequent risk management of volatility positions.
  • Responsible for the financial performance of the FX Options trading desk within the assigned market risk limits and internal/external regulatory framework.
  • Responsible for the relationship with interbank brokers and counterparties.
  • Driving the innovation of new payoffs/products from financial modeling and pricing to front to back trade workflow.
  • Leading the development improvement and modernization of the trading desk architecture.
  • Being market focused, PnL driven, sales and business oriented, highly motivated, humble, hardworking, eager to succeed, entrepreneurial, and responsible.
  • Being a team member all round.
  • To retain and increase FAB identity and high profile towards clients and market as the main player for FX Derivatives business in the MENA region.
  • Anticipating customer needs and responding to requirements in a timely and efficient manner. Building positive relationships with Sales for the benefit of existing and new clients.
  • Recognizing and demonstrating the ability to exploit new business avenues generating additional flow for the unit up and beyond his mandate.
  • Adapting to changes and arising needs by supporting and leading new desk initiatives keeping open dialogue among desks.

Qualifications:

Qualifications & Experience:

  • 7-15 Years of banking experience within a similar field.
  • Quantitative field education and employment background.
  • Strong experience in trading and managing FX volatility risk at a leading bank.
  • Deep knowledge of EM, its products, and drivers.
  • Proven PnL track record in EM currencies.
  • Ability to work accurately and confidently under pressure.
  • Strong interpersonal skills in order to interact and collaborate with team members, sales, stakeholders, and Management.

Remote Work: No

Employment Type: Fulltime

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