DGCX Jobs in Dubai | Dubai Gold and Commodities Exchange Careers 2021

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Let’s explore here the latest DGCX Jobs in Dubai. Here we are sharing with you the latest Dubai Gold and Commodities Exchange Careers in Dubai, UAE. Apply DGCX Careers from the below list which we have updated on our website.

Established in 2005, DGCX is the region’s leading derivatives exchange and the only one allowing global participants to trade, clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives and financial infrastructure.


DGCX Careers Dubai – Apply Now

DGCX is an electronic commodity and currency derivatives exchange with over 200 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors.

DGCX is a subsidiary of DMCC (Dubai Multi Commodities Centre), a Dubai Government Authority for trade, enterprise and commodities. DGCX also owns and operates the region’s largest and only multi-asset Clearing House – Dubai Commodities Clearing Corporation (DCCC). DCCC is federally regulated by the Securities & Commodities Authority (SCA) and is recognized as a Third-Country CCP by European Securities Markets Authority (ESMA) with over 80 clearers from across the globe.

DGCX Job Details

• Company/Organization: Dubai | Dubai Gold and Commodities Exchange (DGCX)
• Job Location: Dubai, U.A.E
• Nationality: Any
• Qualification: Bachelor Degree/Diploma/High School

List of Dubai Gold and Commodities Exchange Jobs

Head of Clearing and Risk Management

Role Summary:

The ideal candidate will also be responsible to develop vision and strategy for Clearing and Risk Management for the DGCX Group in accordance with the overall organization objectives and manage clearing risk management effectively. In association with DCCC Risk Committee to devise, agree and adopt a pragmatic approach to balance global regulatory standards and business requirements to determine appropriate level of risk management that help drive the business. A key driver and liaison officer with local and international regulators, industry risk bodies.

Key Responsibilities
  • Set-up and review risk policies, procedures and strategies
  • Ensure a company-wide understanding of the risk polices and strategies implemented
  • As a member of DCCC Risk Committee (DRC), ensure all DGCX Group risk management policies, procedures and strategies are devised to international standards, approved and managed
  • Directly working with local and international regulators on issues related to Risk management of DGCX Group
  • Represent and participate in various risk bodies
  • Liaison with local and international regulators, participation in industry risk bodies & ensure international regulatory equivalence
  • Oversee day-to-day clearing risk
  • Ensure all operational activities are in compliance with relevant regulatory norms governing CCP operations
  • Develop and establish operating policies consistent with the CEO’s broad policies and objectives and insures their adequate execution
  • Manage the Clearing House to provide clearing and settlement services to DGCX across a broad range of asset classes, encompassing base and precious metals, hydrocarbons, currencies and equities
  • Ensure collateral administration and management for both cash and non-cash collateral to meet margin requirements
  • Manage the back office files as the collateral custodian and ensure that these files are available at the end of each trading day, such as collateral reports, market statistics and margin files
  • Drive business requirement, policies and procedures with regulators and risk bodies
  • Meet industry experts, strategize plans to implement new business in coordination with Management and DRC
  • Follow up on the application of capital adequacy standards issued by the Authority
  • Take actions based on internal risk assessment reports and/or external reports on DGCX and DCCC risk exposure
  • Implement new risk reports to develop adequate risk mitigation measures
  • Ensure DCCC risk is always covered
  • Prepare risk reports
  • In co-ordination with DCCC Management and DRC, implement the risk management framework, or development of existing risk management framework, including the policies and procedures established by the Board of Directors
Role Requirements:
  • University degree, or a recognized professional certificate; University Degree has to be equalised by the Ministry of Higher Educations in UAE
  • The candidate has passed the relevant CISI exams:
  • 1.     UAE Financial Rules and Regulations2.     Introduction to Securities and Investment (International)3.     Risk in Financial Services4.     Operational Risk
  • Experience of no less than ten years in the field of Financial Services or related fields
  • Five years minimum experience in clearing risk (knowledge of CCP activities, etc.)
  • Established working relationships within global governmental agencies and industry bodies such as ESMA, BIS, IOSCO, Basel Committee, EACH, CCP12 to help establish the DCCC brand and business globally
  • In depth knowledge about international trading practices & CCP risk management
  • Sound knowledge and exposure in multi asset trading environment from Exchange/Broker/Clearer perspective

Apply Now

Head of Trading and Surveillance

Role Summary:

Driving operational excellence will be the prime objective of this role. The ideal candidate will also be responsible for overseeing Trading and Surveillance Operations for the DGCX exchange. The role supports the CEO in the development and delivery of corporate objectives actively participating in shaping DGCX/DCCC overall strategy.

Key Responsibilities
  • Develop and maintain a sound plan for operations
  • Establish policies and processes to provide for capable management succession for those functions falling under the operations group
  • Involve in strategy formation and operations of key initiatives across DGCX group
  • Communicate strategy & obtain the buy-in from the operations group
  • Work closely with internal and external stakeholders to identify business changes and regulatory developments that warrant updating existing or developing new patterns or practices
  • Follow and implement adequate Surveillance policies, procedures and controls to ensure proper transparency and fairness of trading and orderliness in the Market and controls in respect of the Exchange Administrative Terminal to ensure effective management of critical trading functionalities on the DGCX platform; including Member management and product/contract creation
  • Monitor trading in products (within the Exchange and the Clearing House in order to detect suspicious trading activity that could adversely affect the firm and its reputation and take the necessary measures and timely actions
  • Analyse alerts escalated by the surveillance team leading to the detection and prevention of damaging misconduct
  • Ensure necessary resources available for system testing and development away from the live production environment to facilitate, inter alia, evaluation and impact analysis of new contracts creation and systems enhancements
  • Ensure team goals are aligned with overall corporate goals
  • Promote a culture of high performance and continuous improvement and high operational standards
  • Mentor and develop staff using a supportive and collaborative approach
  • Develop the team’s capacity to conduct high quality routine surveillance and clearing operations
Role Requirements:
  • Degree in Management/Economics/Accounting
  • At least 15 years of relevant experience in Exchange, Clearing Corporation or Financial institution operations
  • Sound industry knowledge and domain expertise
  • Communication skills, Problem solving skills, Team leadership, Management skills,
  • Productivity oriented; Strategic thinker; Assertiveness

Apply Now

Data Sales Manager

Role Summary:

The ideal candidate will be responsible for optimising sales revenues with existing clients and information vendors so as to optimise profitability for the organisation. Also, to identity and attract new data sales revenue sources, manage each prospect, lead and through to contract closure to reach and exceed sales targets, along with developing future roadmaps for data sale, and work closely with the commercial team to increase DGCX’s data revenues.

Key Responsibilities
  • Formulate and manage the Data Sales Strategy to ensure a coherent plan across the DGCX group
  • Deliver and exceed Data Sales targets as per the annual budget
  • To find new users of DGCX Group data and to find new ways to bring Data Users to DGCX as a way of building revenues
  • Excellent knowledge of derivatives markets and exchange traded products to be able to promote complex data products in an effective manner
  • To support the formulation of a coherent Sales Strategy for Data Sales within the DGCX Group
  • To maintain and seek to improve the current Data Policy which will enhance data revenues long-term
  • To provide exceptional account management to existing Info Vendors
  • To attract new Info Vendors and maximise sales via this channel. This will optimise revenues from this crucial segment
  • Knowledge of local, regional, and international data vendors
  • Preferred previous book of data users, clients and data vendors
  • To coordinate contract negotiations with DGCX management and legal representatives to see through to timely and accurate completion
  • To manage the entire data sales life cycle to ensure timely receipt of revenues
Role Requirements:
  • Bachelor’s degree or similar preferred
  • Prior experience in data sales and managing data info vendors is essential. Five plus years’ experience working in financial markets is essential.
  • Existing network of info vendors and data contacts is highly desirable
  • Experience working for an exchange or a relevant data info vendor highly desirable
  • Prior experience of implementing a data strategy for an organisation is highly desirable
  • Experience implementing a cloud-based data distribution strategy is desirable
  • Deep knowledge of the data sales arena pertaining to trading of commodities, equities and/or currencies is essential
  • Working knowledge of financial markets, and in particular, exchanges, is essential
  • Understanding relevant price points (industry benchmarks) for different data packages is essential
  • Knowledge of the different mainstream vendors’ data offerings is essential
  • Understanding how an organization can use a data sales strategy to grow its revenues, is highly desirable
  • Knowledge of cloud technologies for data distribution is desirable. Being IT/tech savvy is also desirable
  • Basic Presentation skills and experience
  • Data sales expertise
  • Good communicator
  • Able to understand technical / complex work
  • IT/tech savvy

Apply Now

How to Apply for DGCX Jobs in Dubai?

Please apply for DGCX Jobs in Dubai from the above list. Click on the above Job title related to your designation. You will redirect to the official Dubai Gold and Commodities Exchange careers site.

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