Chief Dealer Money Market and Fixed Income
Commercial Bank of Kuwait
Total years of experience :21 years, 2 Months
Lead the Money Market team and accomplish the budget targets through well defined Strategies
Manage a very active Fixed Income portfolio worth USD 1 billion in the international market
Regulatory ratios fine tuning and balance sheet optimization
Plan and execute well defined funding strategies
Balance sheet hedging through various derivatives
Establish and maintain good relationships with counter parties
Periodically review the TID policies and procedures
Performance appraisal and mentoring of team
Money Market book management - Both with Inter Bank and Sovereign FI
≈ Interest Rates & FX Swap book management - G10 as well as GCC currencies.
≈ Structuring Notes or Deposit products linked to Money Market for attracting Customer Deposits.
≈ Asset - Liability Management
≈ Revenue generation through Money Market instruments and Gap trading strategies.
≈ Market Making in Swaps & Bonds (corporate)
≈ Bond Portfolio management - running corporate bonds
≈ Formulate funding and gaping strategies to take advantage of market movements while ensuring diversification of portfolio into low risk, high return assets.
≈ Ensure compliance to and reporting of all the internal risk management parameters and to external regulatory requirements.
≈ Prepare reports to management periodically on Financial Market movements & Treasury activities.
≈ Training Junior staffs in FX & MM dealings
Senior Dealer - Money Market & Fixed Income
≈ Foreign Currency Money Market book management (USD equivalent 5 billion)
≈ Swap book management through Money Market desk in GCC & G10 currencies.
≈ Ratio Managements in MM (Liquidity, Customer Deposit to Loan Ratio
≈ Revenue generation through Gap trading & interest rate arbitrage, Swap trading in FX, etc.
≈ Formulate funding and gapping strategies to take advantage of market movements while ensuring diversification of portfolio into low risk, high return assets.
≈ Structuring products linked to Money Market for attracting Customer Deposits. Such as CCY notes, Deposits with Unit break up, Floating rate Deposit, CD, etc
≈ Asset swaps quotes & repo quotes for funding
≈ Work with Finance to maintain Balance Sheet liquidity and management
≈ Bond portfolio management - investment as well as trading (Corporate as well as Govt Bonds)
≈ Provide pricing and maintain good relationship with counter parties
≈ Balance Sheet Hedging (Interest rate risk as well as FX risk) using IRS, FRA, FX Swaps, Asset Swaps, etc.
≈ Interest rate forecast on various currencies, COF calculation & projection for various periods.
≈ Ensure compliance to and reporting of all the internal risk management parameters and to external regulatory requirements.
≈ FX Trading in all major currencies and GCC currencies (proprietary book)
≈ Preparation of Quarterly report to management on Treasury Activities and market outlook including future strategies.
≈ Appraisal of Junior Dealers and reporting on their performance annually to Treasurer.
SML is the World’s largest manufacturer & exporter of Menthol.
≈ Running Cross currency & option trading Book. (Prop)
≈ Doing POS & IRS in order to reduce cost of capital.
≈ Management of Currency as well as commodity hedging desk.
≈ Weekly Updating management about the Whole Treasury Position & plan
≈ Structuring & trading of Derivatives structures like FX & IR Options plain vanilla, KIKO in FX & Commodities, IRS, FRA, DNT, TRAN, TARF, Swaption, etc
≈ Efficient investment of surplus funds in Govt & Corporate Bonds & CD.
Have introduced Transfer price mechanism & implemented successfully.
Sabare International Ltd. Manager - Treasury Mar’04 - Sep’06
A CNBCTV18 Emerging India Award 2006 winner. World’s largest pillow manufacturer & exporter. SIL is a $300 million company having WOS in US, JAPAN, CHINA & UK
≈ Managing the currency trading, hedging and commodity research besides the derivatives.
≈ Improving working capital to enhance cash flow through better management of inventory management.
≈ Established a currency & derivative trading desk for the first time.
≈ Introduced the concept of Transfer price mechanism.
≈ Won the best employee award for the year 2005-06