Position: Director – Interest Rate Options Trader

Entity: Global Markets

Location: Abu Dhabi, UAE

About us:

The global Markets division of a leading bank in the MENA region. The team is a complex, multidisciplinary business which requires constant innovation to remain competitive. As the business develops our requirements for systematic improvements for pricing and risk management are also developing.

Job Purpose:

To continue and develop further the IR Options Trading capability of the Derivatives Trading Desk. In charge of IR options Pricing and Risk management, note issuances and structured deposits, generating trading/hedging ideas, strengthening the current desk architecture and trading platform, proposing new products. Work closely with FX&Rates Desk, GM Sales, GM Risk, Global Treasury and other stakeholders and develop new trading initiatives with departments across the bank to increase the revenue stream.

Principle Responsibilities

• Market Making for the sales force in GCC and EM rates and subsequent risk management of volatility positions;
• Pricing and managing note issuances and structured deposits - vanilla and exotic IR-linked payoffs;
• Responsible for the financial performance of the IR Options trading desk within the assigned market risk limits and internal/external regulatory framework;
• Responsible for the relationship with inter-bank brokers and counterparties;
• Driving the innovation of new payoffs/products from financial modeling and pricing to front to back trade work-flow; expanding gradually the coverage to entire CEEMEA region according to sales/client requests;
• Experienced in trading hybrid products - Credit, FX, IR - to develop further and get more traction on this business;
• Leading the development, improvement and modernization of the trading desk architecture;
• Being market focused, PnL driven, sales and business oriented, highly motivated, humble, hard-working, eager to succeed, entrepreneurial, responsible;
• Being a team member all round;
• To retain and increase the banks identity and high profile towards clients and market as the main player for IR Derivatives business in the MENA region;
• Anticipating customer needs and responding to requirements in a timely and efficient manner. Building positive relationships with Sales for the benefit of existing and new clients;
• Recognizing and demonstrating the ability to exploit new business avenues, generating additional flow for the unit up and beyond its mandate;

Candidate Requirements:

• 7 - 15 Years of banking experience within a similar field;
• Strong experience in trading and managing IR volatility risk at a leading bank;
• Deep knowledge of EM, its products and drivers;
• Proven PnL track record in EM Rates;
• Ability to work accurately and confidently under pressure;
• Strong inter-personal skills in order to interact and collaborate with team members, sales, stakeholders and Management.