Senior Dealer – Money Markets recruitment

Working for a major UAE based bank, and reporting to the Head of Money Markets, your responsibilities would be as follows:

Manages the AED, USD and other currencies of the bank which consists of substantial presence in the market on a daily basis.

Obtain stipulated returns on placements of surplus liquidity.

Generating and servicing Islamic deposits.

Maintains and promotes the Bank’s credibility in the international banking market place.

Maintains the liquidity of the Bank and seeks to improve on the Stable Resources to Advances Ratio as well as LDR.   

Seeks to minimize COF.

Directs and manages the Bank’s liquidity to meet the obligations of the Bank with a focus on profitability and liquidity.

On a daily basis ascertains daily positions of the Bank on opening of trading.   

Liaises with staff on their requirements and where necessary, offers assistance to meet the requirements. 

Evaluates maturities position and contracts for renewal.

Ensures liquidity is available at all times to meet the Bank’s ongoing obligations.

Liaises on the bank’s behalf with a wide range of corporate and government clients to maintain high visibility and maximize on investments in the Bank.

Undertakes daily lending in the inter-bank markets both internationally and locally.

Ensures adequate credit limits are available in the event of an emergency.

Constantly searches for new business with the Bank’s liquidity.

Ensures a maximum differential is maintained between lending and borrowing rates for the Bank.

Acts as a primary point of contact for designated Treasury clients corporate/ government.

Undertakes the development of Nationals in the Bank as directed.

Requirements:

A Degree in Commerce or an analytical subject which lends itself to high level of analysis and decisive actions.

An MBA would be an advantage.

Proven track record in Dealing with large amounts of funds internationally and locally. 

At least 5 -8 years of experience of which 3 should be in a senior position dealing in liquidity positions of a major bank.

A clear understanding of the workings of international dealing systems such as Bloomberg and Reuters is required.

Fast analytical capabilities, decisiveness and a positive approach to challenges are essential.

Excellent negotiation and communications skills are required. 

A high command of the English language both spoken and written are essential.

A high level of MS Office Skills is required