First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together.

JOB PURPOSE

• We are looking for an individual to help build the CDS market making business in the region with a clear skew towards pnl generation.
• Someone who is a self-starter and takes initiative - not afraid to assume responsibilities outside the normal spectrum of trading duties, including project management.
• A clear communicator across multiple platforms – ability to deliver messages to wider audiences through presentations as well as individual conversations.
• A strong risk manager with the ability to trade both on proprietary and with accounts.

KEY ACCOUNTABILITIES

Day to Day Activity:

• Market making GCC CDS contracts;
• Regularly send out prices for all liquid 5yr points as well as curve prices;
• Commit to proprietary trades to help fund the business whilst critical mass of market making activity is build utilizing bonds/CDS and various strategies;
• Originate trading ideas to be distributed to sales and clients alike;
• Weekly calls with Sales to discuss direction of business;
• Willingness to make presentations and take client calls to complete trades with new users of product;
• Utilise current mapping of account base in region to engage on a daily basis on CDS trading opportunities;
• Checking back office trade queries and liaising with various internal and external stakeholders to build the required infrastructure for the asset class.
• Pnl reporting and confirmation;
• Streamlining Asia business with the local region.

Minimum Qualification:

• Bachelor’s degree in Finance, Accounting, Economics, Commerce or any related discipline.

Minimum Experience:

• Minimum 8 – 10 years Credit trading experience preferably across both Cash and CDS;
• Familiar with accounts in the region especially those who transact in derivatives;
• Strong Microsoft office skills including VBA/Macro development – programming language a plus;
• Strong interpersonal skills;
• Strong analytical background;
• Experience with Murex;
• Bloomberg User;
• Self-starter which shows initiative in resolving front office issues across traded products.