National Bank of Fujairah
To be responsible for day-to-day operations of the MM Desk with trades up to one-week being under reporting line to Head of ALM, but longer than this will constitute an ALM position and will be through a dotted reporting line to Head of Treasury (if required). This role will aim to provide ALM support to other areas of the Bank and support Risk/Compliance with internal and external regulatory requirements (ALCO + UAE CB). The role will require the use of FX, MM, Fixed Income and derivative products in both conventional and Islamic Banking.
Direct Responsibility for assistance in the development, monitoring, performance evaluation & execution of the MM/ALM Budget.
Ensure that wide range of products available to support business.
Undertake regular performance appraisals and give feedback Head of ALM.
In conjunction with Head of ALM develop an annual business plan for ALM.
Ensure that regulatory and internal liquidity ratios are managed effectively within the approved framework.
Analysis of key Risk, MM & Balance Sheet Reports.
To provide an execution service for interest rate/MM products for all customers (Conventional+Islamic) Internal and external quoting rates as directed by ALM requirements.
Develop customer relationships, both internally and externally, through regular customer visits in coordination with RMs in FI.
To take responsibility for delivering financial solutions & strategies for the Balance Sheet across FX, IR (MM, Derivative and Commodity Products if required) through working with relevant Traders/Structurer on the Trading Desk
To provide NBF Staff Education, Presentations and ensure all Treasury publications/presentations (if required) are produced and remitted to the correct and appropriate customers on time
Development of the analytical, technical, regulatory & execution skills of the ALM Desk Team
Other Accountabilities Job Context
The role would direct the individual towards heading the ALM Desk (Conventional + Islamic) and directing the MM Dealing staff to execute the MM Desk functions from a budget & policy perspective, over a period of time and as part of career progression.
Education Bachelors Degree in Economics/ Commerce/Business studies/ Financial Engineering/Quantitative Finance Experience and Skills
MBA, Institution qualification/ACT/CFA/ACI Level 01/ACI Level 02/FIC/FRM/PRM/ACCA, IFQ
Minimum 5 years banking experience and 2 years experience in a similar role at a major financial institution. Comprehensive knowledge of financial markets (Conventional & Islamic), with experience of managing FX, MM asset portfolios (G10, GCC, EM Currencies). Experience to have been gained at a major financial institution, with significant exposure to FX, Interest Rates & ALM in addition to the traditional FX and MM products in Conventional & Islamic Banking. Prior experience of managing a team, with budget setting and overall P&L responsibility is essential. Experience in ALCO Support, Pricing Bulletins, GAP Analysis, Cashflow Management, KRIs, Liquidity Ratios, Fixed Income Portfolio Management. Engaging with internal stakeholders, UAE CB, external regulators, etc. on matters pertaining to regulatory requirements, documentation & execution.
Behavioural Competencies Working and collaborating with others – Advanced Change and Innovation – Advanced Communication – Advanced Results Orientation – Advanced Technical Competencies Customer Service Excellence- Treasury- Advanced Sales Strategy, Management and Execution, Treasury- Advanced Structuring- Treasury-Proficient ALM and Liquidity Mgmt- Treasury- Advanced Trading and market risk management- Treasury-Advanced Portfolio Management- Treasury-Proficient Governance, Risk and control- Treasury- Expert