The incumbent will supervise the Group's fixed income portfolio to diversify surplus funds into a greater range of products and to refinance the Group's assets in a cost effective manner. The incumbent will perform fixed income activities in accordance with the Group's Treasury Strategy, risk appetite, regulatory requirements, policies and procedure and set limits.
REnsures compliance to the department's policies and procedures for conducting buy/ sell deals, maintaining/ collating MIS pertaining to profitability/ revenue, and observing compliance with the applicable limits approved by the Board/ its delegated authorities.- Executes/ reviews buy/ sell deals on behalf of customers pertaining to fixed income instruments at the agreed/ approved price and executing similar deals for the Group's proprietary portfolio based on instructions received from the appropriate authorities.
- Trades in the inter-bank and fixed income markets within the risk parameters and set strategy.
- Follows up on the timely processing of fixed income deals in coordination with Treasury Operations.
- Forecasts fixed income movements/ interest rate movements to be able to trade profitable positions and advise direct superiors of possible opportunities in market beyond job holder's boundaries.
- Assists in recommending solutions to customers' hedging requirements.
- Provides pricing support for major corporate customers, the Group's departments and branches in interest rate products.
- Manages the process of preparing daily rate sheets.
- Monitors gap positions, and make sure positions are within QCB guidelines, informs the SVP, Fixed Income of developments in the gap position on a timely bases
- Supports the SVP, Fixed Income by preparing P&L figures of all fixed income activities and revaluing outstanding positions on daily, weekly and monthly basis.
- Is involved in the structuring of Fixed Income products, as and when deemed necessary by the SVP, Treasury Structured Products and Derivatives, in consultation with the SVP, Fixed Income Desk.
Bachelors University graduate preferably with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology.MBA, CFA, or a related professional certification is a plus.
12+ years' experience in active Fixed Income dealing room, preferably in the Gulf
Excellent oral and written communication skills in English and Arabic (preferable).
Exceptional presentation skills.
Good MS Office skills (Word, Excel, PowerPoint).
Good knowledge of a wide range of treasury products.
Analytical and problem solving skills coupled with decision-making ability.
Strong customer service orientation with exceptional knowledge of Customer Relationship Management (CRM).
Profit and results driven.
