Acting Head of Treasury – Chief Dealer - National Bank of Egypt UK Ltd - London, UK
(2025-10)
Certified by the FCA as a Material Risk Taker (FCA CF, Reference Number: AXE00162). National Bank of Egypt UK Ltd is a wholly owned subsidiary of National Bank of Egypt (NBE), the largest and oldest bank in Egypt with a global customer base of 25 million and total assets worth $180Bln USD.
- Manage the daily operations of the Dealing Room/Treasury and its team of professional Dealers, proactively managing all staff members.
- Manage capital, liquidity, interest rate and relevant FX risk exposures of the money market books, Spot FX Book, Forward FX Book and the Bank's Investment/AFS Portfolios across DM/EM assets.
- Ensure that all Dealing Room/Treasury's business is conducted in a professional manner and in-line with internal risk limits, internal procedures and regulatory requirements.
- Control and monitor the balance sheet. Make economic use of the balance sheet resources with the aim of achieving a profitable return.
- Ensure adequate funding of the Bank/Treasury and related investment and banking commitments.
- Quote prices to wholesale market counterparties in Board authorized Treasury products.
- Anticipate foreign exchange and interest rate movements and encourage limited risk taking to enhance Bank/Treasury income.
- Manage the investment of the Bank's capital. Undertake Investment analysis and execute transactions within available limits (issuer/group/country/tenor) and in accordance with the Bank's business plan/strategy, risk appetite and budget.
- Execute transactions via OTC & electronic platforms.
- Undertake the hedging of fixed bond assets/IR risk via interest rate swaps/FRAs or other approved derivative instruments. Ensure all relevant derivative exposures are maintained in-line with Bank policies and directives.
- Oversee the Dealing Room system's Investment Portfolio/Derivative MTM/valuation/position monitoring and preparation of relevant MI reports.
- Monitor and propose new credit risk limits to Senior Management/Credit Department across all Treasury products and risk categories.
- Advise Senior Management, Treasury Colleagues & other Bank personnel of relevant market trends/news, without commitment.
- Maintain up to date/topical knowledge & awareness with regards to the Treasury business, products and hedging/risk control methods/strategies.
- Daily Checking, monitoring and reconciliation of relevant Dealing Room MI reports from the Bank's systems & other Departments' output.
- Encourage and assist in training of Treasury personnel and their career development.
- At all times adhere to the Bank's AML, counter terrorist financing, sanctions, anti-bribery and corruption and fraud prevention, complaint handling and treating your customer fairly policies, procedures and other regulatory guidelines.
- At all times to adhere to the relevant policies and procedures for the Senior Managers and Certification Regimes and Conduct Rules requirements.
Treasury Manager/Deputy Head of Treasury - National Bank of Egypt UK Ltd - London, UK
(2023-04 - 2025-09)
Certified by the FCA as a Material Risk Taker (FCA CF, Reference Number: AXE00162). Multi Asset Trader, Bond Portfolio and Liquidity Manager.
Senior Dealer/Deputy to Chief Dealer - National Bank of Egypt UK Ltd - London, UK
(2018-01 - 2023-04)
Certified by the FCA as a Material Risk Taker (FCA CF, Reference Number: AXE00162).
- Managing the Bond Portfolio of circa £700mio that comprises of generating trade ideas, analysing market conditions, and implementing trade strategies to benefit from market moves in rates and credit.
- Trading and investing in DM and EM Eurobonds (Fixed Bonds, FRNs, Sovereigns, SSA's and Treasury Bills).
- Hedging the fixed rate risk of assets using Interest Rate Derivatives such as Asset Swaps and FRA's.
- Trading FX in G8 Currencies assuming open risk positions with a tactical/strategic time horizon. This includes both flow and spec trading.
- Dealing in FX Swaps to take advantage of Covered Interest Arbitrage Opportunities.
- Dealing in interbank money market placements and deposits.
- Responsible for managing the banks liquidity by initiating repo transactions.
- Monitoring the banks liquidity ratios including LCR and NSFR and managing them accordingly.
- Producing analytical reports/spreadsheets for MI purposes.
- Deputising for the Chief Dealer in the daily management of cashflows and liquidity accounting.
- Participating member of ALCO
- Familiarity with ICAAP and ILAA policies.
- Taking the lead on negotiating different market contracts such as ISDA, CSA, GMRA, GMSLA.
- Adhering to the banks policies, procedures, and regulatory guidelines at all times.
- A strong understanding of Treasury, Credit, Risk Management, International Debt Capital Markets, Money Markets and FX.
- Leading numerous projects by way of implementing systems to cater for the following: Libor to Risk Free Rates Transitioning via Bloomberg, MIFID Regulatory Transaction Reporting, Markit Swaps-Wire affirmation system and Bloomberg Hedge Accounting.
Treasury Dealer - National Bank of Egypt UK Ltd - London, UK
(2014-01 - 2017-12)
- Responsible for trading FX Spot in G8 currencies and assume open risk positions with a tactical/strategic time horizon.
- Responsible for assisting the Chief Dealer in seeking investment opportunities in IG and EM, FRN's and Fixed Rate Bonds, for the banks investment portfolio and LAB (Liquid Asset Buffer)
- Responsible for working alongside the Chief Dealer in hedging the interest rate risk of the investment portfolio's/LAB's Fixed Rate Bonds/IR Position using Interest Rate Swaps, FRA's or other derivatives that are authorised by the Banks Senior Management/Board.
- Assisting and deputising for the Treasury Manager in the management and monitoring of the bank's money market/cash books.
- Monitoring/Maintaining the Treasury's system/reports on the banks Investment Portfolio and associated derivative hedging instruments. These duties focus on employing the Dealing Rooms Bloomberg system and live pricing data to provide the Chief Dealer, Senior Management, Financial Control and Middle Office personnel with regular risk reports/MTM data.
- Provided support to both Financial Control and Middle Office personnel in regard to the Investment Portfolio/LAB related data, reconciliation, asset/risk analysis and monthly hedge accounting analysis.
- Maintained FRN/Fixed Bond data records in the front-end dealing system and completed the appropriate documentation.
- Daily checking, monitoring, and reconciliation of the dealing rooms MI reports from the data-store system and the reporting of all country, group, counterparty, product, credit/market risk limits via the channels in the treasury procedures manual.
- Encouraged and assisted in the training of relevant personnel.
- Deputised for the Treasury Manager.
- Advised treasury colleagues, other bank management/personnel and customers of relevant market trends/news without commitment.
- At all times, adhered to the banks AML, counter terrorist financing, sanctions, anti-bribery and corruption and fraud prevention, complaint handling and treating your customer fairly policies, procedures and other regulatory guidelines.
- At all times adhered to the relevant policies and procedures for the Senior Managers and Certification regimes and Conduct Rules requirements.
Junior Dealer - National Bank of Egypt UK Ltd - London, UK
(2008-01 - 2014-12)
- Responsible for maintaining business channels with the existing client base and developing new client relationships in Egypt.
- Utilised vanilla trading strategies for proprietary and hedging purposes to minimize costs on trading.
- Worked closely with the accounting department and developed cost of funding reports to investigate new methods of interbank funding and evaluate ways of reducing funding costs via the derivatives markets (e.g., OIS Swaps)
Trainee Dealer - National Bank of Egypt UK Ltd - London, UK
(2006-11 - 2007-12)
- Providing support and cover on the FX and MM desks as required.
- Checking all treasury daily reports and taking MM run-through s via telephone brokers.
Back-Office Settlements Clerk - National Bank of Egypt UK Ltd - London, UK
(2005-12 - 2006-11)
- Responsible for settling all FX and MM deals via in-house system.
- Checking all broker and bank confirmations
- Using swift messaging system to query outstanding deals (MT103 and MT202)
- Swapping instructions over the phone with counterparties
- Undertaking other administrative back-office duties.
Customer Assistant / Loss Prevention CCTV Operator - Marks and Spencer UK PLC - UK
(2004-12 - 2005-09)
Marks and Spencer UK PLC is one of the UK's leading retailers, employing 78000 people in the UK and abroad.
