Other areas of responsibility and activity will include:
Enhancing and maintaining relationships with key international entities requiring money market services.
Monitoring/performing trading in various money market instruments such as deposits, loans, short-term securities.
Performing activities and monitoring 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.
Ensuring compliance to set money markets limits for each international entity and recommends any changes to the Head of MM, when required.
Following up on the timely processing of Group International MM deals in coordination with Treasury Operations.
Providing pricing support for subsidiary departments and branches in foreign currency MM products.
Monitoring gap positions for each subsidiary, and ensure positions are within QCB guidelines.
Supervising and manages the production and preparation of daily rate sheets.
Assisting the Head of MM in the provision of MM solutions to meet customers' and the Group Internationals hedging requirements.
Monitoring and analyze the international markets to be able to trade profitable positions and advise direct subordinate within the delegated authority.
Supporting 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.
Bachelors Degree in Business, Finance, Mathematics, or Economics.
MBA, CFA, or a related professional certification is a plus.
Extensive experience in an active Money Market dealing room, preferably in the Gulf.
In addition to the above we require a candidate who has:
Excellent oral and written communication skills in English and Arabic (preferable).
Good knowledge of a range of MM products.
Knowledge of the international MM markets and currencies.
An understanding of hedging techniques.
An understanding of pertinent international and local laws, regulations and practices.
The ability to work effectively under market pressures whilst maintaining risk control and limit compliance.
For further information, please refer to the attached job description