Treasury FX Senior Dealer
Gulf International Bank
Total years of experience :16 years, 8 Months
Treasury FX Team Leader / Assistant Vice President
The role is very critical in managing high net worth deals for the bank and needs focused and accurate decision making ability, ensuring adequate and profitable closure of all deals. Besides, direct coordination with treasury operations for optimum closure of deal tickets and coordination with Central Bank, other local and international correspondent banks for trading operations. The level of decision making responsibility/authority operates under the specific direction of the treasurer, treasury policies and procedures, regulator/industry standards.
Key responsibilities:
Perform day to day trades for various funding and position covering. Provide rates to sales and customer transactions efficiently. Execute trades at profitable levels to achieve the desk objectives.
Quote foreign exchange spot/forwards and options in major foreign currencies, within the authorized limits and policy.
Trade in permissible currencies within permissible Stop Loss Limit.
Establish rates based upon Interbank / market rates, size of transaction involved, stability of market, and bank's balances available to fund customer requirements.
Ensure that all transaction limits which have been set are adhered to control and maintain proper records of transactions and ensure bank's liquidity positions are within prescribed MCO limits.
Control "Cost-to-Close Limit", "Net Open Position Limit", and "Total Position Limit" on daily basis.
Help and advise other units/ divisions within the bank to enhance the bank profitability.
Ensure the open exposures are well within the risk exposure prescribed by the Bank policies and manages the position within the risk limits allotted.
Maintain relationship with treasury sales & corporate RMs to develop a strong understanding of GIB's client needs.
Develop relationship with the Bank's corporate clients to provide services and recommend appropriate client solutions.
Build professional relationship with counterparty banks and financial institutions to stay up to date on market developments and transaction of business.
Develop good knowledge & understanding of market dynamics and trends \[fundamental and technical picture\] to enable timely update to clients and senior management with respect to significant market trends/ ideas in the foreign exchange market and currency options.
Prepare weekly market report for distribution to the Bank's customers.
Maintain full working knowledge of the systems being used by the Unit \[Reuters, Bloomberg & Treasury Systems like Murex or any other application\].
Ensure all treasury trading polices and bank guidelines are complied with, keeping in line with the international treasury trading procedures.
Authorized Dealer / Assistant Manager in Treasury Group, Consumer Bank Sales and Distribution, Retail Banking Group Desk
Specialized on customized FX, equity and commodity options based hedging strategies, structured according to client need and views on future market movements aiming to provide downside protection beside offering the potential to gain from favorable currency and index movements at competitive market rates.
Key responsibilities:
Supervise the support team daily tasks, documentation, deals authorization and ensure successful closing for offers.
Handle all desk audit and compliance issues.
Conduct branch visits in regular basis to maintain strong relations and create customer base with Relationship Managers and Branch Managers.
Conduct customer calls to build pipeline and close deals.
Provide training to new hires staff required for sales in the branches.
Assist in conducting training courses.
Coordinate with technology team to successfully conduct technology enhancement projects.
The objective of the BS degree in Marketing is to educate graduating students to function effectively in a wide range of marketing careers in all types of economic organizations.