Head of Dept Capital Market Jobs at Commercial Bank of Dubai

Job Title: Head of Dept Capital Market
Business Unit: Head Office
Branches: Corporate Banking - Head Office Dubai
Function: Corporate Banking
Emirate/Area: Dubai
Contract Type: Permanent

JOB PURPOSE:

Role will involve Debt Capital Market responsibilities including Origination, Execution (documentation, distribution) of Syndications, Private placement Bonds.
PRINCIPAL ACCOUNTABILITIES:

1 Responsible to develop & execute a strategic plan for Debt Capital Market business which will include originating, structuring, advising, offering and executing all debt capital products i.e. structured products, bonds, acquisition and leverage finance and syndications.



2 Build market intelligence and capitalize on the business opportunities



3 Develop with credit; bank’s underwriting criteria and policies for DCM products.



4 Act as financial advisors to clients seeking large scale debt financing and assist clients to raise debt financing from debt capital and loan markets through issuance of private/ public debt securities and syndicated bank debt.



5 Work closely with RM teams (as a core CST member); actively participate in the account planning process to sell DCM products to all identified client relationships.



6 Assume primary responsibility of the senior trans actor for Debt Capital Market transactions.



7 Ensures compliance with legal covenants and disclosure requirements related to all DCM transactions. Also will be responsible to strictly comply with AML and other regulatory requirements.



8 Establish effective networking (information Channels) with government and semi government organizations in order to capitalize on potential business opportunities. Continuously enhance the departments reporting capability to give an accurate picture of both internal and external environment.



9 Ensure compliance with the audit requirements, internal and external reporting obligations etc in line with the policy guidelines, to ensure high standards of uniformity and consistency across the Bank.



10 Provide assistance to, train & develop reporting staff to build their capabilities to carry out their work effectively. Address all employee work and personnel related issues to motivate top performance and enhance growth opportunities.


JOB REQUIREMENTS:

QUALIFICATIONS

Degree in Economics or Finance or Business Management
EXPERIENCE:

15 years of experience in Corporate banking with 6-8 years of exposure to DCM preferably at a senior level ( e.g. heading the unit )
Proven track record on Origination & Structuring skills
Credit skills
Ability to provide quality IM / Prospectus
Distribution capabilities and established network of contacts

Documentation skills especially LMA standard docs. Also a thorough understanding in syndication and DCM transaction related docs is a prerequisite.
SKILLS:

Good command of English. Arabic language will be an added advantage.
Planning and organizing skills
Report writing skills
Communications skills
Negotiation skills



Deadline: 2nd Jan 2013

How to Apply:

http://careers.cbd.ae/cbd/VacancyDetail.aspx?VacancyID=51959&PageId=9027