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
Execution of orders (equity, fixed income or otherwise mandated) on behalf of the Institutional clients (domestic and foreign) based on their instructions, while adhering to the policies and procedures in place by FABS, the exchanges and the regulators.
Responsible for:
A. Financial & Share Holders
- Operate within the target departmental Budgets as per set by the Head of Institutional Desk (10-15% of department targets)
- Achieve targets through service excellence in execution and a timely, articulate execution reporting
- Work closely with Sales traders to insure best executions for all clients.
B. Customer (Internal & External):
- Execute Buy and sell orders on behalf of Institutional clients.
- Execute orders passed by the Sales Traders and report execution in a timely fashion. Work on sourcing liquidity from other Brokers/Clients and build a database of available block securities.
- Document orders and transactions regarding trading activities.
- Manage order distribution within the execution team.
- Perform trades manually on market system in the event of OMS breakdown (After taking the required approvals)
- Respond to customer requests for buy and sell of stocks via any authorized communication channel.
- Process orders, forms and applications for purchase or sale of securities.
- Maintain a high standard of professional execution to all clients enabling them to differentiate between FABS and other players.
- Prepare documents which require physical signature of the customer.
- Perform customer information validation and order validation while taking orders on a particular transaction from the customer.
- In case of customer dispute escalation, inform the Senior Sales Trader of disputes as the 1st level of escalation.
- Call assigned clients on daily or weekly bases to discuss markets and ideas
- Arrange to meet with clients himself or with sales team
C. Internal (Processes, Products, Regulatory):
- Assist the trading department in converting leads of Institutional clients by marketing the desk’s trading and execution capabilities and intelligence flow in all active markets and successfully presenting the service offerings of FABS and their value proposition
- Ensure adherence to legal, compliance and risk management policies and procedures and regulations
- Ensuring efficient and professional management of orders, execution of transactions and reporting of trades.
- Prepare daily and weekly call reports and send it to Head of Desk
- Update regularly the related clients profile sheets.
D. Learning & Knowledge:
- Constantly enhance brokerage capabilities to cover regional and international markets.
- Keeping abreast with the product knowledge and assist in developing market intelligence.
- Undertaking programs and courses as per the regulatory requirements.
- Undergo online training programs as provided by the Organization.
E. Other:
- Ensure a high standard of confidentiality and ethical trading to safeguard the client and the organization’s best interest.
- Other duties as assigned for special projects.
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FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.
To empower its customers and clients to Grow Stronger, FAB is initiating a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.
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