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AVP & Lead, High Net Worth Individuals - UAE Nationals Only

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Personal Banking Group
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NBA000066 Requisition #

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together.

Job Purpose:

To be responsible for managing day to day trading activities. Continuously monitors and reviews broker’s performance and approves activities concerned with the execution of trading strategies to ensure profitability for the company through the trading equity for FAB’s clients as per the policies and procedures of the company and the markets regulations. Overall responsibility for best execution standards on the trading desk and to promote the best interest of clients and serve their trading needs and the integrity of the markets. Achieve financial targets for self and the team under him/her.

Key Responsibility:

  • Manage the sales efforts for HQ and report the sales efforts to head of sales.
  • Review and spot check day to day processes ensuring complete abidance by CSR and brokers appointed to specific FAB’s work places with our internal p&p in addition to the policies stipulated by our regulators, sign off on all executed trades for the assigned brokers on a daily basis.
  • Manage personal production to exceeding the hurdle rate multiples set by management, additionally ensure that all brokers assigned are meet same criteria target.
  • Ensure best practice in execution is maintained across FAB’s work places in line with the company policies and procedures and regulators by communicating with compliance officer on a daily basis and report any issues of concerns related to the trading.
  • Remain in contact with individual and HNWI clients that you are covering and assist brokers assigned to you with any support they need regarding their clients.
  • Remain in contact with fab branch managers in order to facilitate one stop shop banking services for your valued clients.
  • Prepare daily and weekly reports about trading activities for assigned brokers to the head of operations as well as to the head of trading.
  • Cross selling all fab products as directed by head of sales.
  • Insure that systems in place are properly controlled for any miss use by staff or by brokers and they are properly updated to incorporate any updates on trading rules as instructed by regulating authority or by ADX and DFM.
  • Follow up with FAB’s/research desk regarding any market information.
  • Manage all daily the trading desk work.
  • Liaise with operations head to ensure all trading activities and irregularities (alteration and cancelation) are properly recorded in back office system.
  • Any other duties referred by FAB’s management.

 

Qualifications & Experience:

  • Graduate with a discipline in a relevant subject.
  • 8 years brokers experience.
  • Self-motivated with potential professional growth.
  • Able to work under pressure to meet deadlines.
  • Good organizational /administrative skills.
  • Fluency in written + spoken English and Arabic.
  • Computer literate.
  • Proven ability to deal effectively with different types of personalities.

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