Head of Dealing

About the Role

moomoo is seeking a Head of Dealing to oversee its dealing function across three daily shifts. This full-time role, based in Riyadh, Riyadh Province, requires 8-10 years of experience and involves leading Senior Dealers and Dealers. The Head of Dealing is responsible for the overall performance, risk discipline, and continuity of the dealing function, ensuring dependable coverage of Saudi and international markets, particularly the *

Key Responsibilities

• Manage operating capacity and ensure complete dealing coverage across all three daily shifts.
• Create, approve, and maintain 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.
• Implement backup rosters, cross-training, and succession coverage.
• Lead workforce planning, recruitment, onboarding, coaching, performance reviews, and development for Senior Dealers and Dealers.
• Establish shift handover standards, supervision routines, and emergency coverage arrangements.

Trading Oversight and Risk Management

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

Performance and Strategic Delivery

• Define and review dealing KPIs, including shift coverage, execution accuracy, client response, margin resolution timeliness, incidents, 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 UAT and new feature launches.
• Maintain strong working relationships with execution brokers, clearing/custody partners, and key internal stakeholders.
• Develop and periodically test desk playbooks for volatile markets, contingency trading, outages, and other business continuity events.

Qualifications and Experience

• A minimum of 8-10 years of experience in a relevant dealing or trading leadership role.
• Demonstrated expertise in * equities, ETFs, and listed options.
• Proven ability to lead and develop a team of dealers.
• Strong understanding of trade execution standards, portfolio-risk processes, and regulatory controls.
• Experience in managing critical trading incidents and operational resilience.

Work Environment

This is a full-time, hands-on leadership position based in Riyadh, requiring active involvement in managing staffing gaps and supporting the dealing desk when necessary. The role involves working across three daily shifts to ensure continuous market coverage.