UAE Careers Jobs

Head - Commodities Trading

ADCB Abu Dhabi Commercial Bank

Valid Till: 09 July 2024

Abu Dhabi, United Arab Emirates

Company Description

ADCB Corporate and Investment Banking Group provides a comprehensive and sophisticated suite of solutions to more than 40,000 commercial, corporate and institutional clients.

With local operations based in United Arab Emirates and regional offices in Egypt and Kazakhstan, our Corporate and Investment Banking Group bridges banking corridors across the Middle East and North Africa region.

Job Description

  • Direct, develop and implement ADCB’s commodity strategy and trading framework in order to maximise profitability whilst effectively managing risk exposures.
  • Support the structuring of ADCB’s commodity products, engaging support and input from the Bank’s support and delivery channels, sin order that that the Bank’s products and solutions remain client-focused and market competitive, stay up to date on client requirements and provide appropriate products and stay abreast of market developments/new products.
  • Lead and direct ADCB’s Commodities trading activity and capabilities, including pricing and structuring of transactions, risk and investment return analysis, overseeing interactions with other desks and departments, in order to maximise the performance and profitability of the Bank.

Responsibilities:

  • Oversee ongoing market evaluation, due diligence and risk monitoring of the prospective and live commodity trades to ensure that all aspects of risk are appropriately considered and to implement appropriate hedging strategies.

  • Contribute to the preparation of the business area’s budget and manage and monitor the financial performance against the budget so that areas of unsatisfactory performance are identified, rectified promptly and potential performance improvement opportunities are capitalised upon.

Qualifications & Experience:

  • At least 9 years of experience in progressively more complex and responsible roles in commodity trading.

  • First degree in quantitative discipline
  • Familiar with industry best practice.
  • Knowledge of local regulatory requirements.
  • Excellent communication skills.
  • Analytical and numerical skills.
  • Microsoft Office (Word, Excel and PowerPoint)
    Strong knowledge of treasury operations, financial instruments, risk management techniques, and capital markets.
  • Familiarity with international tax and accounting regulations, cross-border transactions, and foreign exchange strategies.