FX Manager - Business Banking

Overview

Role : FX Manager - Business Banking

Location : Abu Dhabi

Role Purpose : To achieve Business Banking FX revenue targets through cross selling to existing relationships as well as to solicit new to bank customers requiring majorly foreign exchange services while ensuring service delivery to these clients through liaisoning with various intra-organizational departments.

Operating Budget : FX Revenue of AED 75 M / Annum

Number of Staff : 2

Capital Exp. Budget : Budget

Key Accountabilities

• Drive FX revenue via cross selling treasury solutions to existing & new-to-Bank customers in the Business Banking.
• Formulate business plans and key initiatives of the department to grow the treasury revenues & achieving of Fx Targets.
• Deliver agreed revenue numbers through ensuring extension of funded / non-funded based facilities FX / remittance transactional volume Margin trading Forward contracts Futures and options and exchange.
• Work with analytics team to develop and implement client campaigns to improve client penetration on treasury products and assist the RM in identifying treasury opportunities in their portfolios.
• To work closely with all RMs & VRMs product & TCM to maximize opportunities provided through regular contacts feedback and coordination and cross referrals.
• Develop systems and channels that proactively solicit / manage businesses which meet agreed risk-reward parameters of the unit.
• Implement governance system to monitor all outstanding deals on Spot and Cash transactions to ensure intra day risk is managed within the set limits.
• Ensure product profitability via spread maintenance and volume growth for the RM portfolios.

Operating Environment, Framework and Working Relationships

Decision Making Authority & Responsibility

Specialist Skills / Technical Knowledge Required for this role

Required Experience

Manager

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