1. Assem Khafaga
27 Milfull Crt Narre Warren, Melbourne, Australia
Mobile: +61 410425547, +966 503473684
akhafaga@hotmail.com
Highly motivated Chief Dealer and Head of Trading with over 20 years of experience in the FX and
money market desk. Demonstrated ability to define and implement strategies of the banks activity
in FX market, providing leadership to an organization with a focus on revenue and product
longevity.
SUMMARY OF SKILLS
Ability to supervise and organize the
functions of the FX section by setting
policies, goals and objectives.
Monitor and control overall risk and
responsible for adherence to limits on
positions and counterparties set by higher
management and risk department.
Ability to implement and monitor
systems, through extensive product &
accounting knowledge on all FX products.
Analyze market information, define
trading strategies.
Initiate and execute interbank and
corporate deals to improve the unit's
profitability.
Strong and effective communication skills
with confidence to persuade and deal with
both clients and colleagues at all levels.
Ability to work equally well in a team
environment and independently with
confidence in making rapid and critical
decisions in line with the overall goals and
objectives of the Bank.
Solve and arbiter all problems relating to
FX dealings.
ACCOMPLISHMENTS
Actively carried out and managed all operations of the FX desk including but not limited to FX
options, sales and derivatives with the goal of maintaining the bank's funding and liquidity
policies never exceeding set limits.
Consistently achieved and exceeded the bank's set profit targets in every year of service which
had a yearly increase in the range of 15%-20%.
Established and maintained excellent relationships with customers and financial institutions
including SAMA maximizing business flow.
Took part in the implementation of the bank's core and front office systems (Tremma and
Wallstreet)
Successfully trained subordinates in all functional duties of the FX desk, designating staff
accordingly and monitoring their progress, ensuring compliance and taking corrective measures
when necessary. Maintaining a well trained, motivated and focused team with a high standard of
professionalism and ethical behavior achieving a good reputation in the market.
CAREER FOCUS
2. PROFESSIONAL EXPERIENCE
Chief Dealer and Head of Trading , 12/2000 to 2014
Saudi Hollandi Bank － Riyadh
Responsible for the overall FX positions of the interbank trading team including the
authorization of daily FX rate sheet.
Supervising the handling of portfolios funding in coordination with money market desk
Initiated and executed interbank and corporate deals to improve the unit's profitability.
Worked closely with the treasurer to take sizable longterm profitable FX, currency swaps and
FX option positions.
Building relationships with other bank treasuries and corporate relation managers for funding
& treasury products marketing.
Worked closely with head of operations and back office to reconcile bank positions.
Interfacing with clients, suggesting the most viable products range or hedge solutions and
cultivating relationships to secure repeated business.
Providing the link between prospective clients and the bank's Compliance, Investment and
Corporate departments.
Advise direct superiors of possible opportunities in the market beyond job holder's boundaries
Actively attend meeting on strategy implementations to maximize performance and profit.
Reporting of all P&L figures of all FX and revalue outstanding positions to Treasurer on a daily,
weekly and monthly basis.
Quick and competitive pricing of all FX products to Interbank parties, sales network and
customers.
Tracking the latest product developments in the area and informing the sales/marketing units
to stay ahead of the market and maintain market share.
Prepare Annual FX Plan and Budgets for products, profits, volumes, staffing and training.
Manage time and holiday schedules for all FX Section staff.
Ensure proper and effective distribution of business over a large variety of counter-parties to
ensure reciprocity and lines.
Coach and groom young employees through on-the-job training and suggestion of courses to
develop their expertise in all aspects of FX duties and responsibilities. Strive for "Good" audit
rating.
EDUCATION
Bachelor of Commerce.: Accounting and Finance
EinShams University － Cairo
COURSES ATTENDED:
Bank Of Credit and Commerce Academy (1 Year General Banking )
On the job training BCCI London (3 Months)
On the job training ABN Amro Amsterdam (2 Weeks)
Data Classification and labeling Awareness (IOB)
Economics for Treasury and Investment (IOB)
Developing Managerial & Leadership Skills (IOB)
Compliance Awareness for Managers (IOB)
Wallstreet On-Site Business Training
Developing and implementing a business plan (Bank Academy)
Advanced Training course in Islamic Banking (Bank Academy
3. Fluent in English and Arabic (written & spoken)
Good in French
Private Restaurant Business, 2014 to present
Tuscano Italian Restaurant – Cairo
Chief Dealer And Head of Trading, 12/2000 to 2014
Saudi Hollandi Bank － Riyadh
Manager Fx Desk, 12/1997 to 12/2000
Saudi Hollandi Bank － Riyadh
Fx Senior Dealer, 12/1995 to 12/1997
Saudi Hollandi Bank － Riyadh
Fx Dealer Interbank, 12/1994 to 12/1995
Saudi Hollandi Bank － Riyadh
TSMU Dealer - Treasury sales, 12/1993 to 12/1994
Saudi Hollandi Bank － Riyadh
Financial Controller, 12/1991 to 12/1993
HRH Prince Sultan Bin Salman Private Office － Riyadh
FX & Money Market Dealer-Treasury, 12/1988 to 12/1991
Bank Of Credit and Commerce － Cairo
Junior Dealer-Treasury, 12/1987 to 12/1988
Bank Of Credit and Commerce － Cairo
Officer Treasury Back Office, 12/1986 to 12/1987
Bank Of Credit and Commerce － Cairo
Officer-Bills & Remittances ,LCs,LGs,Branch Operations , 12/1985 to 12/1986
Bank Of Credit and Commerce － Cairo
Christopher Wilmot
Head of Treasury & Investments
First Gulf Bank
P O Box 6316
Abu Dhabi, United Arab Emirates
Tel: +971 2 692 0491 E-mail: Christopher.Wilmot@fgb.ae
Aazar Khwaja
Group Head, Global Markets & Treasury
Emirates NBD
PO Box 777
Deira, Dubai, United Arab Emirates
Tel: +971 4 609 3000 E-mail: aazark@emiratesnbd.com
LANGUAGES
WORK HISTORY
REFERENCES
