Data Scientist

Job description / Role

Finance, Investment & Asset Management

Organization

Arab Monetary Fund

Opening date: Monday, December 23, 2024 - 12:00 to Monday, June 30, 2025 - 12:00

Job purpose

The Dealer, Money Market and Foreign Exchange aims to contribute to the implementation of the investment strategyu2019s objectives of liquidity, FX exposure, return, and risk by monitoring and executing transactions of the money market portfolios; providing research and analysis for money market and FX counterparty selection; conducting absolute and relative (to benchmarks) performance measurement and attribution.

Key accountability areas and activities

The key activities include, but are not limited to, the following:

• Implement the approved investment plan for money market allocation and FX exposure, suggest the development of investment strategies.
• Suggest ideas to the development of investment strategies in the money market and FX portfolios.
• Comply with the investment policies, guidelines, and regulatory requirements.
• Execute FX (spot, forwards, and swaps) and money market (acceptances, deposits, and money market products) deals transactions.
• Participate in the analysis of global and regional money markets (short term interest rates) and FX, utilizing quantitative models and qualitative assessments to forecast market movements and capture market opportunities.
• Participate in the name selection process by analyzing the sovereign, credit, and counterparty risks through fundamental, absolute, and relative value models.
• Assist in monitoring the money market portfolios return and risk profile both on an absolute and relative basis (acceptances, deposits, and money market products) through reviewing liquidity and cash flows of the money market portfolios and the gap of the ALM portfolio. Additionally, monitor the FX portfolios risk profiles (spot, forwards, and swaps) through reviewing the valuation and performance and currency compositions and deviation with the SDR basket.
• Assist in the production, maintenance, and reviewing of various reports including the dashboard to monitor the upgrade/downgrade status and market metrics of the money market holdings by rating agencies.
• Contribute to develop contingency plans to handle market volatility and other financial uncertainties in coordination with the Chief Dealer, Bonds.
• Suggest ideas leading to improvements to the policies and direct the implementation of procedures and controls covering the money market and FX area.
• Monitor the updates, developments, and amendments related to the IPMS in order to ensure compliance, quality, and accuracy of all the money market and FX transactions.
• Comply at all times with all the policies, processes, standard operating procedures and CFA code of ethics.
• Maintain solid relationships with global and regional banks and financial institutions to ensure a diversified source of counterparties for the strategic distribution of the money market and FX portfolios.
• Maintain a continuous contact with banks and brokers to collect markets and economic analysis reports and timely financial markets intelligence.
• Contribute to build and manage effective business relationships with the member countries to enhance the business cooperation especially in the areas related to the deposit taking activities and fund management.
• Assist the Assistant Chief Dealer coordinate with other AMF departments regarding topics concerning money market and FX portfolios, as well as various periodic reports.
• Suggest improvements to the division systems, processes and practices encapsulating industry best practices, changes in international financial standards and money market and FX markets.
• Provide Money Markets and FX Dealer(s) knowledge sharing and transfer to contribute to the enhancement of the money markets portfolios returns and ensure continuity of the business.

• Minimum of 2 years of experience in money market and FX management
• Bacheloru2019s degree in finance, business administration, investment management, or economics or a related field
• Professional certification of CFA or equivalent professional dealing certificate is preferred
• Excellent communication and writing skills in Arabic and English. French, as a third language, is a solid advantage

We offer an attractive package of benefits aligned with our employment policies, including a tax-free salary and supplementary allowances such as housing, furniture and air ticket, schooling, and comprehensive medical insurance.

Only shortlisted candidates will be contacted.

Apply Now