Senior FX Trader (Treasury)

About Commercial Bank Of Qatar

Interest Rate Derivatives Trading & P&L Management

• Contribute to the trading desk P&L, through proprietary trading of interest rate derivatives.
• Manage open risk exposure across G10 interest rate derivatives within approved trading and risk limits.
• Monitor daily mark-to-market valuation of open positions.

Fx Liquidity & Funding Management Support

• Support in management of the bank’s liquidity position, ensuring adequate funding and optimal utilization.
• Support Money Market desk in FX swap positions with local and international banks,
• Support in monitoring month-end open FX positions, weekly funding requirements, and overall treasury liquidity.

Market Intelligence

• Ongoing review of market developments across G10 economies.
• Provide insight on key risks and opportunities arising from market developments.

Treasury Sales, ALM Support

• Provide derivatives pricing and execution support for Treasury Sales, enabling higher client turnover and revenue growth.
• Support ALM by executing FX swaps to optimize liquidity positioning in USD.
• Ensure compliance with real-time and high-value payment requirements, supporting smooth settlement and cash flow operations.

Trading Systems, Controls & Process Improvement

• Support system upgrades, controls, and process enhancements, including testing and whitelabelling solutions to deliver competitive client pricing and enable market-making in selected currencies.
• Act as a key user for the Kondor treasury system, overseeing position monitoring, MTM valuation, and trade/balance reconciliation.
• Identify and resolve system and reporting gaps arising from upgrades, coordinating with internal stakeholders and external vendors.
• Contribute to treasury system enhancement initiatives, including upgrade planning, testing, and release management.
• ****KEY COMPETENCIES****
• Decisive and Analytical
• Able to make quick, well-informed decisions under market pressure using strong analytical and numerical skills.
• Risk-Aware
• Demonstrates discipline and prudence in managing interest rate derivatives risk, adhering strictly to trading limits and regulatory guidelines.
• Detail-Oriented and Accurate
• Maintains precise attention to detail in trade execution, reporting, and reconciliations to ensure operational integrity.
• High Integrity and Compliance-Minded
• Strong ethical standards with a commitment to internal policies, AML/CTF regulations, and audit requirements.

Resilient And Calm Under Pressure

Client-Focused

Required Qualifications

Required Experience

• Minimum 10 years in FX Trading
• Minimum 5 years in Treasury
• ****Why Commercial Bank?****
• Best Digital Bank in the Middle East 2024 by World Finance and Best Mobile Banking App in the Middle East 2024 by Global Finance.
• An Innovation-Driven, Digital-First Environment where employees work with the latest tools and technologies to redefine banking
• Opportunities for Global Partnerships & International Exposure, connecting employees with global networks and perspectives.
• A focus on Employee Well-being & Work-Life Balance, ensuring a healthy and supportive environment for all team members
• Competitive Compensation & Benefits that ensure our employees are rewarded for their dedication and performance.
• A strong Commitment to Diversity, Equity & Inclusion, fostering a culture that values every individual’s unique perspective.
• At Commercial Bank, we don’t just offer careers, We shape futures by pioneering
• digital transformation
• in Qatar’s banking sector, blending
• digital-first
• approach to redefine banking through
• innovative
• solutions.

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