Director, Metal Trader
Full Job Posting
JOB SUMMARY / INTRODUCTION The Commodity trading desk is providing commodity hedges and risk management solutions. The desk covers a wide product range, covering Energy, Carbon, Base and Precious Metals and Agriculture. The role seeks a Commodity trader with specifically strong experience in Base and Precious Metals. The candidate’s primary focus would be to manage and leverage customer flow to deliver the assigned budget, generate P&L with a detailed knowledge of base and precious metals markets, enhance the Commodity desk capabilities and help growing the Metals franchise, establish relationships with key clients and counterparties, and support distribution avenues to enhance the flow business.
Key Responsibilities
- Manage and leverage customer flow to deliver the assigned budget.
- Generate P&L with a detailed knowledge of base and precious metals markets.
- Enhance the Commodity desk capabilities and help growing the Metals franchise.
- Establish relationships with key clients and counterparties.
- Support distribution avenues to enhance the flow business.
- Price, Execute and Risk manage the client flow.
- Base & Precious Metals Derivatives Market Making.
- Warrants business development.
- Proven track record in running risk and implementing trading strategies in Metals.
- Manage risk position of the desk within the applicable limits and desk risk tolerance and monitor the risks in the global commodity book.
- Be accountable for the risk levels and limits set by desk head and be responsible for adding revenue streams to Commodities.
- Have continuous interaction with sales on trading/hedging ideas.
- Work with other international FAB centers capturing flow and pricing for new additional local customers business.
- Continually interface with desk head to ensure trading positions are reported daily and the long term requirements of FAB remains the target.
- Maintain and enhance market counterparty and customer perception of FAB as the number one institution for local banks and corporates to handle their commodity business hedging requirements.
Requirements And Qualifications
- Minimum 7 years’ experience in commodity trading with specifically strong experience in Base and Precious Metals.
- Strong knowledge of commodity markets, trading platforms and trading systems.
- Strong analytic background and eager to learn.
- Demonstrable track record of managing commodities risk.
- Promotes and encourages co-operation within the team and its stakeholders. Maintaining an open dialogue between desks.
- Anticipates customer needs and responds to requirements in a timely and efficient manner. Show's strength in building positive relationships with existing and new clients.
- Recognizes and demonstrates the ability to exploit new business avenues, generating additional flow for the unit up and beyond his remit.
- As a strong team player would show the ability to distribute important news to the room/network.
- Adapts to change and supports any new desk initiatives. Promotes new ways of working and remains of a confident and approachable nature.
- Has a comprehensive mastery of the key financial and commercial performance indicators of the strategic business unit.
- Shows great awareness in developing new products that have the potential to increase revenue and keep the bank at the forefront of changes. Preferred / Beneficial
- Preference for candidates with a proven track record in running risk in Base and Precious Metals.
About First Abu Dhabi Bank
First Abu Dhabi Bank (FAB) is the UAE's largest bank and provides personal, business, corporate, investment, and private banking services. Headquartered in Abu Dhabi, it operates across five continents and 20 markets.
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