Assistant Chief
Arab African International Bank
Total years of experience :18 years, 4 Months
Editing reports on AED cash flow balances & cycles.
•Reviewing daily reports on the P&L, Liquidity & cash flow while advising the treasurer of significant trends to manage the Asset-Liability position of the Bank.
•Assisting in performance analysis with ALCO members.
•Monitoring market risk reports (VAR, IRR, Interest rate gap, ladder, MTM) with all related stakeholders.
•Committing with regulations set by Central Bank of Emirates.
Managed daily liquidity for the bank and supervising related money market operations (US Dollar and other foreign currency book).
•MM: Maintained key reserve ratios stipulated by both the Central Bank of Egypt and Central Bank of UAE as well as performing other cash management functions including daily calculation, placement, borrowing and transfer of funds to ensure optimum utilization/ Keeping cash positions within limits and maximize use of investment opportunities to bring in healthy returns/ Negotiating deals, deposits, roll-overs with banks, liaising with external counter parties.
•Analyzed the dealing operations with international money market practices.
•Performed annual review of the existing limits set up for the banks and Financial Institutions.
•Equity/Fixed Income: Active in proprietary trading under laid down guidelines and ensuring prompt management of orders and execution of trades.
•FX: Traded major currencies including G10 and other GCC currencies / Covering large transactions in inter-bank foreign exchange markets/ Analyzing monthly FX hedging position to determine required trades, and prepare foreign currency exposure and hedging effectiveness reports.
•Updated and advised customers and senior management about interest and exchange rate movements and liquidity.
•Ensured compliance with all regulatory requirements of Central Banks/ Statutory Bodies & Financing Documents related to Treasury.
developing company's sales and marketing strategy.
•Performed proprietary trading in all major currencies including UAE Dirham and contributed substantially towards the profitability of the dealing room.
•Provided customers with daily market commentary views, and forecasts.
•Dealt in Emirati Dirham and US Dollar cash markets, Foreign exchange and Swaps enabling clients to procure the most competitive rates in the market.
Covered daily client’s positions with the banks through netting and continuous linked systems.
Alpari FX,
Analyzed market sentiment/flows. Feed information to the rest of the team during morning meetings.
•Contributed to overall Shuaa Funds by understanding/ analyzing regional markets
•(Stock picking recommendations, Technical analysis).
•Introduced FX cover and funding requirements in collaboration with investment managers and analysts.
•Consolidated orders among funds and placing orders with brokers.
Managed a portfolio, allocated across the UAE Equity market and the FX market, based on the most optimal rate of return.
•Established a fully fledged FX brokerage subsidiary. This entails all aspects of start-up, such as setting up Legal existence, acquiring prospect clients and managing a team of five FX traders.
Advised clients with their investment strategies in accordance with their investment objectives, budget, risk profile as well as the general market conditions expected to prevail in the specified time frame.
•Executed clients’ trade orders on the Egyptian equity market.
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