Executive Director - Product Development - Securities Services

Job Description

Job Purpose:

1. Take ownership and responsibilities for the development of assigned products withing the Securities Services business.
2. Product focus of Custody, Fund Admin, Transfer Agency and Performance Measurement products.
3. Engage prospects in coordination with the Client Management Team to grow the business
4. Seek opportunities to increase product base and enhance revenue, whilst focused on cost optimization
5. Work with Operations and ITD to embed new products and maintain support existing services as a technical SME
6. Develop the Securities Product offering, and keep track on product effectiveness and return on investment
7. Regionally focused SME

Key Accountabilities:

• The job holder will undertake full responsibility of the P&L for assigned Products / Countries
• The incumbent is required to have a detailed knowledge of the Securities Services business and an ability to use this knowledge to add incremental revenue.
• The focus of the role is on enhancement of existing product suite, and implementation of new products across the region.
• Participate in industry discussions with market infrastructure providers with a focus on Product and Operations efficiency.

Specific Accountability:

• Product owner and SME for Custody, Fund Administration, Transfer Agency, Performance Measurement services in addition to other assigned products.
• Guide Operations to the highest standards based on strong technical knowledge of local post-trade regulations and practices to structure
• Maintain an in-depth understanding of local industry developments, ensuring the local business adapts to comply with changing regulation and client demand, in conjunction with the Product Development team
• Maintain strong relationships with the local securities depositary, exchange and regulators and lobby for change to increase efficiency of the local market.
• Work closely with the Client Management Team, based in the UAE to develop Direct Custody & Clearing opportunities with key Global Custodian & Broker Dealer prospective clients.
• Oversee and coordinate the local operational services with the Group Operations Hub based in Abu Dhabi & Egypt to ensure optimal operating model. Ensure SLAs are in place and are adhered to through administration of KPIs.
• Handle Product responses for RFI/ RFPs
• Keep abreast of local regulatory changes that impact the Fund Administration service, in addition to Direct Custody & Clearing.
• Owner of assigned Product Programs, including managing updates, governance, and Operational Risk matters.

QualificationsMinimum Qualification:

• Bachelors degree in finance / Business or related discipline. MBA and/or professional qualifications.

Minimum Experience:

• 12+ yearssecrutities services experience in the banking sector with at least 7 years in similar positions of progressively increasing managerial responsibilities in the senior function
• Strategic thinker and agent for change
• Industrial sector expertise is essential
• Sound knowledge of compliance, legal/regulatory environments
• Proven track record of delivery against financial objectives
• Experience in building and managing teams of senior executives and executing against agreed blue-print
• Strong influencing and coaching skills
• Good interpersonal, motivation, resource management & marketing-orientated skills
• Experience of handling large corporate accounts and winning new mandates with them
• P&L responsibility
• English required.

Keyskills :

About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.