Director- Trade Execution Desk (UAE National)
- Full-time
- Sub Division: Global Private Banking
- Division: Personal, Wealth & Business Banking
Company Description
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 Description
- Responsible for executing buy and sell orders in a wide range of asset classes, such as but not limited to: FX, Money Markets, Equities, Fixed Income, Structured Products and Third Party Funds.
- Provide Trading coverage for any new geographical region as needed (International Expansion)
- Ensure best execution, and efficient and prompt management of orders; whilst ensuring to minimize operational risks
- Monitor/ensure the follow-up on any open transactions and inform, when applicable, RM’s, Investment Advisors, and or direct clients regarding the execution of orders.
- Monitor orders post execution to ensure settlement and follow up with any settlement issues.
- Provide Relationship Managers/clients with up to date prices and market information.
- Support the Investment Strategy and Products teams with the issuing of New Issue Information Sheets.
- Build books for any New Issues and manage allocations in line with the Policy and Procedure.
- Maintain a strong relationship with the middle office and front office.
- Establish and maintain strong relationships with external brokers.
- Maintain a good relationship with Relationship Managers and Investment Advisers, by supporting their efforts to enhance business and by dealing with them in a transparent manner on pricing of products and offerings.
- To keep up to date with product knowledge and market intelligence.
- To ensure that all compliance and legal guidelines are adhered to and mitigation strategies followed in case of errors.
- Maintain proper record keeping for trade activities and provide MIS reports when requested.
- Cross sell and route as much trades as possible to other FAB Departments while following the best execution practice.
- Keep informed of technological developments and continuously search for ways of improving the systems used by the trading desk. Support project managers in any upgrades or new initiatives regarding the trading desk.
- Continuously look for ways of improving procedures to ensure the desk is operating in the most efficient ways possible and actively work towards finding ways to reduce risk.
Qualifications
- Minimum BSc Business/Finance/Economics or related subject
- In-depth knowledge of the financial markets and financials tools;
- Professionally qualified with appropriate/related certifications (CISI, CFA etc.) is an advantage;