Trade Control Manager

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Trade Control Manager

  1. 1. Career OpportunityTrade Control Manager Market Risk Multi-National Bank UAE Based Role
  2. 2. Shane Phillips ConsultantsTrade Control ManagerMulti-National Bank, Dubai RoleDear Candidate;The most important thing in your life is your family. The second most important thingin your life is your career. That is why it is paramount that your career is managed byqualified professionals. This opportunity is being presented to you by Shane PhillipsConsultants. A family business which has been in Executive Search for two generationsdating back to the 1970s when it was first called “The Phillips Group”. Over time wehave developed a deep understanding of what are the key ingredients of a successfulexecutive search company, one such ingredient is discretion.You have my personal guarantee that your identity and personal details will be kept inconfidence throughout the initial stages of this selection process. Discretion is thecorner stone of our business and your anonymity will be protected as you explore thiscareer opportunity.This assignment is personally being handled by myself, Shane Phillips, and if you do notknow me or have never heard of me please see my personal biography at the end of thisdocument 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 6Thank you for taking the time to review this career prospect. I look forward to theopportunity of making a contribution to your success in the near future. Should youhave any questions please contact me directly at +971 50 940 7537 or email me atshane@shanephillips.net as I will be delighted to take your call.Sincerely,Shane PhillipsManaging Director
  3. 3. Trade Control manager Multi-National Bank The OpportunityThis multi-national bank has a history in the Middle East that is olderthan the UAE itself. A brand name with millions of customers all overthe world and is active in more than 50 countries. The bank is a leaderin international best practice and has one of the industry’s leadingTraining and Development program with an exciting career path whichincludes international opportunities.This universal bank has robust offerings in Private Banking, WholesaleBanking, Corporate Banking, Retail Banking, and Investment Banking.The Trade Market Manager will report directly to the Regional Head ofTrade Control Function, who reports into the Global Head of TradeControl Function, who in turn reports into the Chief Risk Officer GlobalBanking & Markets. The team sits on the trading floor and has directinteraction with the Front Office and support area staff at all levels on adaily basis. The successful candidate will be responsible for drivingchange 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.
  4. 4. Trade Control Manager Multi-National BankThe Role (Continued)The TMM will be a key decision maker and will be responsible for driving changeand creating impact in the trade function. The successful candidate willplay a key role in managing the Trade Capture and InappropriateTrading Risk. This will have a direct impact on profitability and theachievement of high level business objectives.The successful candidate will have strong communication skills and beable to manage high level discussions with Desk heads, Global MarketsBusiness Heads, CFOs and Business Managers, and Senior Managementin support areas (mainly Risk, Operations, Product Control and IT) andInternal Audit. The chosen incumbent will be a natural team playerand will enjoy working in a group environment.The TMM will monitor the metrics required to measure adherence tocontrol standards relating to Trade Capture and InappropriateTrading Risk Review metrics.Candidate QualificationsExperience 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.
  5. 5. Trade Control Manager Multi-National BankCandidate QualificationsKey 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 notbe entertained.All communication and applicants for this role must be handled byShane Phillips Consultants. Please email your interest directly to Mr.Akbar Kazmi, Head of Risk – MENA at ak@shanephillips.net.
  6. 6. Trade Control Manager Multi-National BankShane Phillips ConsultantsShane Phillips Consultants is a boutique executive search firmspecializing in placements in the Middle East. The firm planted itsroots in the 1970s in Canada where The Phillips Group was firstfounded. After the retirement of Carl A. Phillips the business wasclosed for a period of years only to be re-opened in Dubai. With twogenerations of Executive Search experience, Shane Phillips Consultantsoffers high touch bespoke service for clients looking to hire the bestpeople. Services offered include Executive Search, ExecutiveAssessment, Recruitment Process Outsourcing, and Training &Development.Shane Phillips: Managing DirectorShane is a leading Executive Search Consultant in the Middle EastRegion and is the Managing Director of Shane Phillips Consultants, alocal boutique search firm. Given his passion for the employmentmarket, Shane has his own show on Dubai Eye 103.8 every Thursdaysat 8pm called “Eye on Careers”. Shane is also a monthly writer for CEOMagazine, Global Citizen Magazine and an expert in Senior Executivejob placement. Shane has an MBA from London Business School, andan undergraduate degree in Psychology from the University of BritishColumbia.Akbar Kazmi: Head of Risk – MENAWith over 25 years of banking experience, Akbar brings the seasonedeye that only experience can foster. Starting his career with ChaseManhattan Bank in 1983 Akbar has worked his way through everyposition in the Corporate, Institutional, and Private Bank.As the former Deputy Head of Risk for National Bank of Dubai, Akbarhas developed Risk frameworks, processes and methodologies fromscratch. Whether it’s your organizational structure, risk protocol, orthe talent in the Risk department that you are concerned about, Akbaris able to create a bespoke actionable solution for your needs. He iswell positioned to deliver outstanding service in the areas of ExecutiveSearch, Training & Development and Mentoring.To Apply for this Position;Please send your CV in word format by email to the below address orfeel free to Akbar on his mobile should you have any questions aboutthe position.Akbar Kazmi, Head of Risk MENA Shane Phillips, Managing DirectorEmail: ak@shanephillips.net Email: Shane@shanephillips.netMobile: +971 50 458 8071 Mobile: +971 50 940 7537

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