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Senior Operations Processor

1.00 to 10.00 Years   United Arab Emirates   26 May, 2022
Abu Dhabi Islamic Bank
1 Jobs Openings
Job LocationUnited Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryOther Business Support Services
Functional AreaNot Mentioned

Job Description

Role : Senior Operations Processor (Treasury Investment & Funds Operations)Location : Abu DhabiRole Purpose:Processing of Investments, Swaps, Structured transactions initiated by Treasury Capital Market, Treasury Structure Solution desk. Ensure Adequate record maintenance, Reconciliations of portfolios, MTM, accruals, MIS reporting, system improvements. Ensure timely settlements, processing corporate actions. Provide support to process Wealth Management Mutual Fund transactionKey Accountabilities of the role

  • Process deals of Capital Markets, including Client Sukuk, Equities, and supporting with other related products (i.e., Sukuk Trading, Equities, PRS, Structured products) whenever required.
  • Processing all clients transfer-In /transfer-Out requests from Clients and ensuring they are timely settled.
  • Input Creation Online / Xact / Euroclear settlement messages, for internal transfers between treasury and custody book
  • Checking Corporate action events daily and forwarding important events to Treasury.
  • Reconciliation of all holdings (securities balances) in Euroclear / Clearstream / Avantgard.
  • Static data update in Avantgard System for new clients
  • Checking reconciliation of transactions / accounts / GL?s, taking corrective action on outstanding items and escalate any long outstanding items.
  • Ensuring all IPO related trades and activities are carried out in an efficient manner.
  • Perform month end activities for Treasury Structure solution and capital market deals (Reconciliation, Reconcile and submit claims to counterparties towards long balance charges and process Custody Fees recovery from Sukuk customers,
  • Month End MIS reporting to CRM, FCD, and Business units
  • Investigate counterparty and other business unit?s inquiries and provide solutions to solve reported issues.
  • Report immediately any significant exceptions or deviation to line manager for further instructions / guidance.
  • Periodically evaluate the TIFO operational processes and recommend to line management, suitable changes to improve efficiency and controls.
  • Supervising the arrangements of proper & organized filing. Ensuring follow-up diary system of the department?s records is maintained and archival is done on a timely basis.
  • Attend training programs to improve skills knowledge in order to enhance role performance and provide training to junior staff under the cross functional training program.
  • Ensure compliance to ADIB policies, procedures, guidelines, standards and maintaining high standard of operational controls.
  • Undertake any additional assignments / projects entrusted by the line management and complete them as per target dates.
  • Maintain proper time standards, good team spirit and service standards.
Specialist Skills / Technical Knowledge Required for this role:
  • Bachelor?s Degree ? Preferred Commerce (Accounting & Business)
  • Knowledge of Islamic Banking & Treasury products.
  • Knowledge of UAE banking practices & regulations.
  • Risk & Controls awareness and analytical skills

Keyskills :

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