Head of Dealing

About the Role

Futu Holdings is seeking a Head of Dealing to oversee the dealing function for moomoo across three daily shifts. This full-time leadership position is based in Riyadh, Saudi Arabia, and requires a hands-on approach to managing staffing, risk discipline, and critical trading incidents. The role involves ultimate responsibility for the overall performance and continuity of operations.

Department Leadership and Operations

• Manage operating capacity and ensure complete dealing coverage across all three daily shifts, including creating, approving, and maintaining rotas aligned with Saudi and * market hours and expected trading volumes.
• Plan for leave, absence, market holidays, * Daylight Saving transitions, peak volume, and product events, implementing backup rosters, cross-training, and succession coverage.
• Hold Senior Dealers accountable for attendance checks and shift readiness, addressing any coverage shortfalls by reassigning resources, activating backup, or providing direct desk support.
• Lead workforce planning, recruitment, onboarding, coaching, performance reviews, and development for Senior Dealers and Dealers, setting clear expectations and escalation ownership.
• Establish shift handover standards, supervision routines, and emergency coverage arrangements to ensure continuous accountability.

Trading Oversight, Risk, and Regulatory Control

• Set and oversee dealing procedures for client trade execution, exceptions, market access, and supported Saudi and international products, with strong expertise in * equities, ETFs, and listed options.
• Oversee margin call management, client portfolio exposures, options exercise/assignment risk, concentrated positions, trading limits, and timely escalation to Risk and Compliance.
• Lead the response to high-impact trading incidents, execution errors, client escalations, and market or platform outages, directing containment, management updates, and post-incident remediation.
• Maintain effective first-line controls, audit trails, recordkeeping, surveillance escalation, and adherence to applicable regulations and internal approval frameworks.
• Partner with Compliance, Risk, Legal, and Operations on regulatory queries, audit findings, policy changes, and control improvements, ensuring adherence to prescribed requirements.

Performance, Product Readiness, and Strategic Delivery

• Define and review dealing Key Performance Indicators (KPIs), including shift coverage, execution accuracy, client response, margin resolution timeliness, incidents, recurring errors, and procedural compliance.
• Provide management reporting on market activity, client behavior, significant risks, operating capacity, incidents, and corrective action progress.
• Lead operating model and process improvements with Product, Technology, Operations, and Client Services, including User Acceptance Testing (UAT), new feature launches, and support readiness for product or market expansion.
• Maintain strong working relationships with execution brokers, clearing/custody partners, and key internal stakeholders, ensuring ownership of cross-party issues and operational dependencies.
• Develop desk playbooks for volatile markets, contingency trading, outages, unusual order activity, and other business continuity events, with periodic testing and refinement.

Qualifications and Requirements

• A minimum of 10 years of experience in a relevant field.
• Demonstrated leadership experience in a dealing or trading environment.
• Strong expertise in * equities, ETFs, and listed options.
• Ability to manage risk, ensure regulatory compliance, and handle critical trading incidents.
• Experience in workforce planning, recruitment, and performance management.

Work Type and Location

This is a full-time position located in Riyadh, Riyadh, Saudi Arabia. The role requires managing operations across three daily shifts to ensure continuous coverage.