Senior FX Trader (Treasury)

About the Company

Commercial Bank of Qatar, established in 1975 and based in Doha, contributes to the country’s economic progress through a broad suite of personal, corporate, government, international, and investment banking services.

The bank places strong emphasis on employee growth, learning, and professional advancement. Its workplace culture is designed to encourage innovation, support balance between work and personal life, and help employees achieve their full potential.

This is an opportunity to contribute to the future of banking in Qatar.

Role Purpose

The Senior FX Trader will support treasury trading activity, liquidity management, market analysis, client pricing, and treasury system improvement initiatives while operating within approved risk and compliance frameworks.

Core Responsibilities

Interest Rate Derivatives Trading and Profit/Loss Management:

• Help drive desk profitability through proprietary trading in interest rate derivatives.
• Oversee open risk exposure in G10 interest rate derivatives, staying within approved trading and risk thresholds.
• Track the daily mark-to-market value of open positions.

FX Liquidity and Funding Support:

• Assist in maintaining the bank’s liquidity position through sound funding and efficient balance-sheet usage.
• Support the Money Market desk with FX swap activity involving local and international counterparties.
• Monitor month-end open FX positions, weekly funding needs, and overall treasury liquidity.

Market Intelligence:

• Continuously assess market movement across G10 economies.
• Share insights on risks and opportunities emerging from market conditions.

Treasury Sales and ALM Support:

• Provide pricing and execution support for derivatives-related Treasury Sales activity to help increase client turnover and revenue.
• Support Asset and Liability Management by executing FX swaps that improve USD liquidity positioning.
• Ensure payment and settlement requirements are met in real time, including high-value transactions.

Trading Systems, Controls, and Process Improvement:

• Assist with system enhancements, control improvements, and process optimization, including testing and whitelabelling solutions for competitive client pricing and market-making in selected currencies.
• Serve as a key user of the Kondor treasury system for position monitoring, MTM valuation, and trade/balance reconciliation.
• Identify and close reporting and system gaps created by upgrades, working with internal teams and external vendors.
• Contribute to treasury technology enhancement efforts, including upgrade planning, testing, and release coordination.

Key Competencies

• Fast, sound decision-making supported by strong analytical and numerical ability.
• Disciplined risk handling with a careful approach to derivatives exposure and regulatory limits.
• High attention to accuracy in trading, reporting, and reconciliation work.
• Strong ethical standards and a compliance-first mindset, including awareness of AML/CTF and audit requirements.
• Steady performance under pressure, especially in volatile and high-volume market conditions.
• Effective teamwork and communication with Treasury Sales, ALM, Operations, Risk, and Management stakeholders.
• Proactive problem-solving for market, liquidity, trading, and system issues.
• Client-oriented approach with the ability to deliver competitive pricing while preserving risk controls.
• Comfort with trading tools and systems such as Kondor, Bloomberg, and FXall, plus a willingness to support enhancements.

Qualifications

A master’s degree in Finance, Economics, Mathematics, or Statistics is required.

Experience Required

Candidates should have at least 10 years of experience in FX trading and at least 5 years of experience in treasury.

Why Join Commercial Bank?

• Recognized as Best Digital Bank in the Middle East 2024 by World Finance and Best Mobile Banking App in the Middle East 2024 by Global Finance.
• Works in an innovation-led, digital-first environment with modern tools and technologies.
• Offers global partnerships and international exposure through wider professional networks.
• Promotes employee well-being and a healthy work-life balance.
• Provides competitive compensation and benefits aligned with performance and contribution.
• Maintains a strong focus on diversity, equity, and inclusion.

Additional Information

Only shortlisted candidates will be contacted for the next stage of the recruitment process. The employer may change, withdraw, or close this opportunity at any time without prior notice.