Trading Manager
4 weeks ago
The Role
**Job Title**: Trading Manager Department: Risk Management & Dealing Desk Location: Dubai, UAE Reports To: Director of Risk Management & Dealing Desk Job Summary: The Trading Manager oversees and supervises all trading operations conducted by broker representatives to ensure compliance with Securities and Commodities Authority (SCA) regulations (Category 1) and company policies. This role is responsible for ensuring efficient, compliant, and accurate execution of client orders while managing the performance and guidance of the trading team. Key Responsibilities: Supervision of Trading Operations Oversee and manage daily trading activities conducted by broker representatives to ensure accuracy and efficiency. Ensure all trading activities comply with SCA regulations and the internal policies of the licensed body. Monitor order flow, verify execution quality, and address any operational issues that arise during trading activities. Compliance and Risk Management Ensure that all trading operations adhere to SCA standards, minimizing compliance risks. Implement and enforce policies and procedures to mitigate trading-related risks, ensuring all representatives follow best practices. Performance Management and Guidance Provide ongoing guidance, training, and support to broker representatives to optimize their performance and compliance. Conduct regular reviews of trading operations, identify areas for improvement, and implement changes to enhance team performance and efficiency. Coordination and Communication Act as the primary point of contact between trading operations and other departments, including compliance and risk management. Ensure clear communication of regulatory updates, operational changes, and trading strategies to broker representatives. Reporting and Documentation Maintain accurate records of trading activities and performance metrics, ensuring they meet SCA requirements. Prepare periodic reports for senior management, summarizing trading activities, compliance adherence, and any operational challenges encountered.
**Requirements**:
**Qualifications**: Education & Experience: Bachelor’s degree in finance, business, or a related field with a minimum of 5 years of experience in SCA licensed financial services companies. Alternatively, a diploma or equivalent qualification with at least 10 years of experience in SCA licensed financial services companies. Core Competencies: Leadership: Strong leadership skills to supervise and guide broker representatives, fostering an environment of accuracy and compliance. Regulatory Knowledge: Deep understanding of SCA trading regulations and market standards, ensuring all activities meet regulatory requirements. Analytical Skills: Ability to assess trading operations, identify potential issues, and develop effective solutions to optimize performance. Communication: Strong communication skills to liaise effectively with broker representatives, compliance teams, and senior management. Attention to Detail: High level of precision in overseeing trading operations and ensuring adherence to compliance standards.
About the company
Mercato Brokers is a premium multi-asset brokerage firm aimed at making financial markets easily available and accessible to traders of all kinds. With professionalism and transparency as our driving forces, Mercato Brokers has fostered and sustained a world-class trading environment with the highest quality of online financial services. We welcome our traders with award-winning platforms, excellent trading conditions, great liquidity, and accessibility to financial markets, consequently delivering a unique trading experience. Our teams go the extra mile to provide our clients with the technology, resources, and support they need, regardless of their experience level. Mercato Brokers adopts a client-centric culture. Therefore, we will continuously do everything in our power to present you with a unique trading experience, simultaneously achieving our vision of maintaining our position as a global broker. All of our infrastructure and technology is supported by our carefully selected array of advanced trading tools. We have had our super knowledgeable and experienced team select a vast array of trading technology, tools and systems with one single minded proposition to help our traders to make more informed decisions more often. Founder of Mercato Brokers spent years working in many global companies before establishing his own firm, so he knew what the problems was facing the companies and the traders and decided to solve that issues in Mercato Brokers.
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