trade control manager
TRANSCRIPT
Career Opportunity
Trade Control Manager
Market Risk
Multi-National Bank
UAE Based Role
Shane Phillips Consultants
Trade Control Manager
Multi-National Bank, Dubai Role
Dear Candidate; The most important thing in your life is your family. The second most important thing in your life is your career. That is why it is paramount that your career is managed by qualified professionals. This opportunity is being presented to you by Shane Phillips Consultants. A family business which has been in Executive Search for two generations dating back to the 1970s when it was first called “The Phillips Group”. Over time we have developed a deep understanding of what are the key ingredients of a successful executive search company, one such ingredient is discretion. You have my personal guarantee that your identity and personal details will be kept in confidence throughout the initial stages of this selection process. Discretion is the corner stone of our business and your anonymity will be protected as you explore this career opportunity. This assignment is personally being handled by myself, Shane Phillips, and if you do not know me or have never heard of me please see my personal biography at the end of this document or visit my website at www.shanephillips.net.
This Document Contains the Following;
The Opportunity Pg 3
The Role Pg 3 - 4
Candidate Qualifications Pg 4 - 5
Shane Phillips Consultants Company Summary Pg 6
Shane Phillips Biography Pg 6
Application Instructions Pg 6 Thank you for taking the time to review this career prospect. I look forward to the opportunity of making a contribution to your success in the near future. Should you have any questions please contact me directly at +971 50 940 7537 or email me at [email protected] as I will be delighted to take your call. Sincerely,
Shane Phillips Managing Director
Trade Control manager
Multi-National Bank
The Opportunity
This multi-national bank has a history in the Middle East that is older than the UAE itself. A brand name with millions of customers all over the world and is active in more than 50 countries. The bank is a leader in international best practice and has one of the industry’s leading Training and Development program with an exciting career path which includes international opportunities. This universal bank has robust offerings in Private Banking, Wholesale Banking, Corporate Banking, Retail Banking, and Investment Banking. The Trade Market Manager will report directly to the Regional Head of Trade Control Function, who reports into the Global Head of Trade Control Function, who in turn reports into the Chief Risk Officer Global Banking & Markets. The team sits on the trading floor and has direct interaction with the Front Office and support area staff at all levels on a daily basis. The successful candidate will be responsible for driving change in market risk area of the bank. The Role
Corporate Strategy As a second line of defense and specialist function, the Trade Market Manager (TMM) is responsible for providing assurance that the Global Markets business is operating within risk appetite with respect to trade capture, position keeping and mitigating exposure to inappropriate trading risk by overseeing and challenging the effectiveness of the risk and control activities conducted by the business. The TMM will do this by monitoring against, independently escalating exceptions to, and driving change in trade capture standards as well as trade validation and inappropriate trading control standards. Daily exception management and ownership of issues and leadership and co-ordination of their remediation front to back. The main focus will be on trade capture as well as trade validation and inappropriate trading controls. In essence providing the bank with a second line of defense and will require a holistic understanding of the trade function in the bank and all its products.
Trade Control Manager
Multi-National Bank
The TMM will be a key decision maker and will be responsible for driving change
and creating impact in the trade function. The successful candidate will play a key role in managing the Trade Capture and Inappropriate Trading Risk. This will have a direct impact on profitability and the achievement of high level business objectives. The successful candidate will have strong communication skills and be able to manage high level discussions with Desk heads, Global Markets Business Heads, CFOs and Business Managers, and Senior Management in support areas (mainly Risk, Operations, Product Control and IT) and Internal Audit. The chosen incumbent will be a natural team player and will enjoy working in a group environment. The TMM will monitor the metrics required to measure adherence to control standards relating to Trade Capture and Inappropriate Trading Risk Review metrics.
The Role (Continued)
Candidate Qualifications
Experience Relevant experience working in investment banking within an
Operations or Control Function that could include Product Control, Middle Office, Trade Support, Operational Risk, Internal Audit or other Risk function (Market, Credit, Compliance or Security and Fraud).
A good knowledge of the Global Markets Products across equities, FX and fixed income and the key processes and controls within Global Markets Front Office and support areas.
Experience with numerical analysis, including experience with MS Excel.
Trade Control Manager
Multi-National Bank
Candidate Qualifications
Key Strengths and Abilities Experience communicating with senior executives and an
ability to create consensus. Strong analytical abilities with a deep understanding of market
risk. Holistic understanding of the trade function and its inherent
risks complimented by commanding knowledge of the bank’s capital market products.
Ability to work well under pressure. Creative approach to problem solving. Attention to detail and intimate understanding of regulatory
requirements, audit processes and control standards.
Experience and Credentials Required
8+ years of prior experience in Market Risk. A university degree in
business or related field or equivalent qualification.
Educational and Background Checks will be performed:
Please note all candidates will undergo vigorous background checks of vocational and educational credentials. Those candidates with unaccredited degrees need not apply. Reference checks will also be performed. This is the standard policy and procedure of Shane Phillips Consultants.
Please note applications or enquiries sent directly to the Client will not be entertained. All communication and applicants for this role must be handled by Shane Phillips Consultants. Please email your interest directly to Mr. Akbar Kazmi, Head of Risk – MENA at [email protected].
Trade Control Manager
Multi-National Bank
Shane Phillips Consultants
Shane Phillips Consultants is a boutique executive search firm specializing in placements in the Middle East. The firm planted its roots in the 1970s in Canada where The Phillips Group was first founded. After the retirement of Carl A. Phillips the business was closed for a period of years only to be re-opened in Dubai. With two generations of Executive Search experience, Shane Phillips Consultants offers high touch bespoke service for clients looking to hire the best people. Services offered include Executive Search, Executive Assessment, Recruitment Process Outsourcing, and Training & Development. Shane Phillips: Managing Director Shane is a leading Executive Search Consultant in the Middle East Region and is the Managing Director of Shane Phillips Consultants, a local boutique search firm. Given his passion for the employment market, Shane has his own show on Dubai Eye 103.8 every Thursdays at 8pm called “Eye on Careers”. Shane is also a monthly writer for CEO Magazine, Global Citizen Magazine and an expert in Senior Executive job placement. Shane has an MBA from London Business School, and an undergraduate degree in Psychology from the University of British Columbia. Akbar Kazmi: Head of Risk – MENA With over 25 years of banking experience, Akbar brings the seasoned eye that only experience can foster. Starting his career with Chase Manhattan Bank in 1983 Akbar has worked his way through every position in the Corporate, Institutional, and Private Bank. As the former Deputy Head of Risk for National Bank of Dubai, Akbar has developed Risk frameworks, processes and methodologies from scratch. Whether it’s your organizational structure, risk protocol, or the talent in the Risk department that you are concerned about, Akbar is able to create a bespoke actionable solution for your needs. He is well positioned to deliver outstanding service in the areas of Executive Search, Training & Development and Mentoring. To Apply for this Position; Please send your CV in word format by email to the below address or feel free to Akbar on his mobile should you have any questions about the position. Akbar Kazmi, Head of Risk MENA Shane Phillips, Managing Director Email: [email protected] Email: [email protected] Mobile: +971 50 458 8071 Mobile: +971 50 940 7537
