Director, Money Markets

Job Description

Director- Money Markets | Mashreq

The Tone:
This is a full-time role at Mashreq, located in the United Arab Emirates. Mashreq is a financial institution seeking a Director to optimize its Money Markets function across all global locations, including IBG and FI branches. This role is critical for enhancing the bank’s Net Interest Margin (NIM) while ensuring strict adherence to complex regulatory frameworks such as Basel and internal ALCO liquidity risk management policies. The position directly contributes to the bank’s financial health and stability through strategic liquidity management and efficient asset deployment.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person, United Arab Emirates

• Mission: Optimize the Bank’s Money Markets function across all locations to improve Net Interest Margin (NIM) and manage liquidity risk according to regulatory and internal policies.

What You’ll Actually Do
• Global Money Market Optimization: Supervise the bank-wide allocation of liquid assets and short-term borrowings, including for IBG and FI branches, to maximize margins while strictly complying with evolving liquidity regulations and internal risk management policies.
• Liquidity Risk Strategy & Planning: Translate the Board-approved liquidity risk tolerance into comprehensive strategies, policies, procedures, limits, warning indicators, and escalation protocols, covering multi-currency, cross-border, and intraday liquidity management.
• Funding & Nostro Management: Develop annual funding plans for the UAE, IBG, and FI branches, identifying optimal market timing and actions to achieve desired funding mixes at the least possible cost, and ensure efficient management of all foreign currency Nostro positions to minimize interest expense.
• Regulatory Adherence & Sharia Compliance: Update the bank’s Money Market operational procedures, including benchmark rate-setting across all locations, to align with external regulatory requirements and market best practices, particularly Basel III, and manage Islamic Treasury functions in line with Sharia principles.
• Market Operations & Leadership Support: Quote competitive USD/AED and other GCC currency rates for spot, forward, and swaps to achieve targets, manage the bank’s long USD exchange position, and provide backup for the Director Funding Centre, including approving deposit rate exceptions.

The Must-Haves
• Background: Minimum Bachelor’s degree in a relevant field. This role requires leadership experience within the Money Markets function in a large institution.
• Experience: 9 to 10 years of Money Markets and trading experience in a large institution.
• Skills: Complete knowledge of Basel and other liquidity regulations, strong understanding of the Bank’s Treasury-related policies and operating systems, hands-on familiarity with Operations/TOC processes, and excellent interpersonal, communication, lateral thinking, and analytical skills.
• Bonus: Master’s degree.