Operations Manager (CME1 Certified)

Job Description

SummaryOperations manager plans, directs and coordinates the operations within CompanyHe is in charge of the back office activities directly related to Company offered products services.Scope:To provide support to the trading front offices and ensure that business activities are carried out in an efficient, controlled, risk-free and timely manner, To develop the back office systems in order process day-to-day business transactions.In terms of Company core business, the role of operations is to make sure that the relevant procedures are carried out once a trade has been completed.Responsibilities: Managing the processes to clear and settle transactions,Reconciling systems by checking that the data flows from the revenue-generating front office to the operations systems (operations control).Preparing the periodic NAV reports for managed funds,Calculating and communicating the daily NAV after estimating the management fees and incentive fees, Reporting the funds portfolios and other daily portfolios to assets management department,Controlling, processing and recording all the funds expenses and other income,Receiving redemption requests that is communicated to the investment department to make sure of the available liquidity and prepare related redemption checks based on the declared NAV, and updating the fund books accordingly,Processing periodic approved subscriptions and redemptions and update funds records,Responsible for preparing periodic NAV report,Responsible for preparing periodic Fact Sheet,Approve and publish financials reports for the managed funds after reconciling with funds custodian,Checking the accuracy of the clients contracts, opening the PFs on the system, linking to related management fees rates and keeping clients detailed permanent files,Reconciling dealers allocations with brokers coupons, uploading coupons to the system and allocating to clients portfolios based on the dealers allocations orders,Calculating, processing corporate actions and collecting dividends for Company and clients portfolios,Preparing performance reports by clients and by dealer to assess dealers monthly performance and to calculate incentive fees,Monthly calculating management fees and then deducting from clients PFs on a quarterly basis,Sending a set of reports to the asset management clients and billings for any unpaid management fees balances,1st level troubleshooting trading system problems,Acting as an interface with other departments, e.g. coordinating with front office, ensuring all issues are resolved in an extremely timely and efficient manner,Controlling cash within clients accounts,Monitoring the activity and reports of daily transactions,Handling client inquiries received,Ensuring that client protection rules as well as companys rules are adhered to,Ensuring that all companys trades are typical with BMK defined rules, and other subjected regulations are adhered to.

Keyskills :
trading system Nav Corporate Actions

About Company

Established in the region for 40 years, PwC has around 8,000 people in 12 countries across the region: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates. Our regional team operates across the Middle East bringing international experience delivered within the context of the region and its culture. We can bring the collective knowledge and experience of more than 328,000 people across the entire global PwC network in advisory, assurance and tax to help you find the value you are looking for.