Senior Dealer International Treasury

Westbourne Partners
Doha, Qatar
QR Excellent
Jan 05, 2022
Feb 04, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Title: Senior Dealer International Treasury

Department: Money Markets - Trading - Treasury

Location: Qatar, Doha

About Us: We are one of the largest Banks in the MENA region

Position Overview:

You will supervise all Money Market activities for the Group's international operations in a cost-effective manner in accordance with the Group's strategy, risk appetite, regulatory requirements, policies and procedures and the delegated authority.

Primary Responsibilities:
  • Complies with approved budgets, policies and procedures in relation to Group International MM operations.
  • Assists in the implementation of annual business plans for the area of responsibility with emphasis on achievement of set targets/ objectives, business growth and expansion in the Group International MM Desk.
  • Implements and evaluates of best practice work methods in area of responsibility to achieve optimum level of performance efficiency.
  • Builds and maintains strong and effective relationships with all other related units to achieve the Group International MM Desk goals/objectives.
  • Provides timely and accurate information to the external and internal auditors, the Compliance function and Group Risk as and when required.
  • Assists in maintaining relationships with key international entities requiring money market services
  • Performs activities and monitor subordinates in compliance to the department's policies and procedures for conducting buy/ sell deals in various currencies, maintaining/ collating MIS pertaining to profitability/ revenue, and observing compliance with the applicable limits approved by the Board/ its delegated authorities.
  • Monitors/ performs trading in various money market instruments such as deposits, loans, short-term securities, forward rate agreements and interest rate swaps in approved currencies and with approved counterparties on the behalf of the Group's international operations.
  • Ensures compliance to set Money Markets limits for each international entity and recommends any changes to the Head of MM, when required.
  • Follows-up on the timely processing of Group International MM deals in coordination with Treasury Operations.
  • Provides pricing support for subsidiary departments and branches in foreign currency MM products.
  • Monitors gap positions for each subsidiary, and ensure positions are within QCB guidelines.
  • Supervises the production of daily rate sheets.
  • Assists the Head of MM in the provision of MM solutions to meet customers' and the Group Internationals hedging requirements.
  • Manages the process of preparing daily rate sheets.
  • Monitors and analyse the international markets to be able to trade profitable positions and advise direct subordinate within the delegated authority.
  • Supports in the provision of accurate reporting of P&L figures of all MM activities and revalue outstanding positions to Head of Trading on daily, weekly and monthly basis.
  • Is involved in the structuring of MM products, as and when deemed necessary by the Head of Treasury Structured Products and Derivatives, in consultation with Head of Money Markets.
  • Monitors performance of direct reports and guide them in managing their performance by providing appropriate feedback.

Candidate requirements
  • Bachelor's Degree in Business, Finance, Mathematics, or Economics.
  • MBA, CFA, or a related professional certification is a plus.
  • Minimum 8 years' experience in active MM dealing room, preferably in the Gulf.
  • Excellent oral and written communication skills in English and Arabic (preferable).
  • Good knowledge of a range of MM products.
  • Good MS Office skills (Word, Excel, PowerPoint).
  • Knowledge of the international MM markets and currencies.
  • Understanding of hedging techniques.
  • Analytical and problem solving skills coupled with decision making ability.
  • Understanding of pertinent international and local laws, regulations and practices.
  • Good interpersonal skills.
  • Ability to motivate and lead teams from diverse cultural backgrounds.
  • Must be able to work effectively under market pressures whilst maintaining risk control and limit compliance.
  • Undoubted ethical awareness and conscious of risks being undertaken.
  • Profit and results driven.
  • Identifies related areas for professional development of self and all direct reports, and act to enhance professional development of self and others.
  • Ensures high standards of confidentiality to safeguard commercially sensitive information.

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