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Officer - WM Middle Office

0.00 to 2.00 Years   Abu Dhabi   04 Oct, 2023
Abu Dhabi Islamic Bank
Job LocationAbu Dhabi
EducationNot Mentioned
SalaryNot Mentioned
IndustryBanking / Accounting / Financial Services
Functional AreaNot Mentioned

Job Description

JOB DESCRIPTIONRole : Officer Wealth Management Middle OfficeLocation : Abu Dhabi Role Purpose:Support the front line and coordinate with internal and external counterparties to ensure the efficient functioning of activities. Review and verify Client orders and ensure documents are submitted in adherence to the approved SOPs. Ensure client callbacks are conducted prior to execution.Maintain a record of sales volumes and revenues and provide reports/MIS as per agreed SLA.Support WMMO Manager implementing the effective controls, periodic RCSA reviews, Control testing and annual SOP reviewsKey Accountabilities of the role

  1. Support relationship managers in investment activities.
  2. Conduct a vigilant review of all investment orders submitted through the WM system such as Subscription, Redemption, payment freezing or unwinding, and ensure compliance approved SOPs.
  3. Ensure clients risk profiles are matching to product risk rating.
  4. Monitor and Conduct client call-back process for order / transaction confirmation.
  5. Investigate and resolve/ escalate order execution related issues in a timely manner.
  6. Ensure accurate review and error free entry of transaction in WM system.
  7. Implement and maintain efficient processing procedures with counterparties ensuring zero operational loss.
  8. Maintain a record of all executed order volumes, revenue, and payables
  9. Prepare periodic reports (trades & call backs)
  10. Propose process enhancements to develop and improve the business process and activities.
  11. Ensure to meet daily deadlines.
  12. Thorough knowledge of using IRIS and other systems to manage the subscription and redemptions of various products and their settlements
  13. Responsible for extracting the clients portfolio statements through Wealth Management systems and counterparty systems.
  14. Investigate client-related inquiries and provide solutions to solve the reported issues
  15. Responsible for conducting weekly archive of the documents (originals client forms/ call-back sheets/ checklists)
  16. Tracking of the original client forms as per agreed process.
  17. Support WMMO manager in System enhancements, upgrades, UAT implementation
  18. Backing up colleagues as per business requirement.
Specialist Skills / Technical Knowledge Required for this role:
  • Profound knowledge towards Investment products, preferably
  • Advance Microsoft Office Skills, especially MS Excel
  • Effective communication, business/performance driven.
  • Ability to meet deadlines.
  • Keen attention to detail.
  • Effective team player
Only UAE Nationals are considered for this role.

Keyskills :
investment products Microsoft Office Skills Team Player communication

About Company

Abu Dhabi Islamic Bank PJSC (Arabic: مصرف أبوظبي الإسلامي) is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates.

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