Manager- Specialized Collateral Management

Job Description

JOB DESCRIPTIONRole : Manager- Specialized Collateral ManagementLocation :DubaiRole Purpose:The position is responsible for providing value added services accurately, efficiently and within established turnaround time.Ensure that necessary information through MIS is provided to Central Bank, internal/external auditors & other internal stakeholders.

• Accountable for implementing approved controls in various systems.
• Set up and maintain reliable information system/s covering all segments, automate processes and enhance the capability of current systems to provide and produce accurate and timely information.
• Identify / recommend system solutions to the management to improve controls and satisfy business requirements.
• Take a leading role in enterprise-wide related projects enterprise document management system and Bank wide exposure.
• Liaison with IT Department for effective follow up and completion of projects.
• Ensure that the Credit Control Department function is supported by documented procedures (SOPs), skilled staff and right technology support.Key Accountabilities of the role

• Ensure adequate and effective collateral management and monitoring of but not limited to finance against shares and realizable collaterals.
• Monitor Lombard financing transactions on a daily basis vide control reports.
• Liaise with Investment Banking Team to communicate to brokers to establish respective sub accounts.
• Calculate drawing power and communicates to Brokerage firm and confirm acceptance of the shares.
• Communicate the final drawing power of the client to broker based on share value.
• Validate the broker sheet against each client holding prior to uploading in the monitoring sheet for calculating the ETV.
• Highlight exceptions i.e. margin call, liquidation trigger and ensure that cure measures are taken into effect.
• Create and circulate daily/monthly monitoring reports to Business, Broker and Credit.
• Manage Central Bank related reports namely CBRB amongst others.
• Maintain data base and provide timely and accurate MIS required by Central Bank, External/internal auditors, Business Units and senior management.
• Ensures proper system maintenance of the portfolio and regular update of collateral.
• Reduce redundancies in processes and manual intervention to improve turnaround time and provide quality services to internal and external stakeholders.

• A thorough understanding of Commercial products/Islamic Banking.
• A proactive approach to problem solving.
• Good understanding of technological issues with sound analytical ability and PC skills
• Proficient in Microsoft Excel & API.
• Effective communication skills in English and preferably knowledge in Arabic.

Keyskills :
Api Microsoft Excel Analytical Ability islamic banking commercial products Pc Skills Communication Skills

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.