Company Description

Join the UAE\'s largest bank and one of the world\'s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry.



JOB PURPOSE:

• Supervise the MM/FX/Islamic Products Settlement Section to ensure correct and timely settlement of deals and prevent any loss of revenue and or penalties due to fail-pays and late receipts. And ensure documentation of all types of Treasury deals. Ensure that Treasury system (Murex) functionalities are performed and carried out as per Bank policies and procedures with special emphasize on straight through processing and automation.

Specific Accountability

• Ensure that proper authorization, processing and settlement of all deals captured in the system through Bank\'s approved communication channels i.e. Reuters, Bloomberg, e-platforms or through approved brokers.
• Check all SSI forms being forwarded to RDG to ensure correctness of data
• Ensure that the counterparty confirmations, Swift MT 300 and MT 320 are matched with our records through \xe2\x80\x9cMurex Matcher, Finastra \xe2\x80\x9d system or through established manual process and ensure follow up procedure carried out to detect and rectify any mistakes which may result in additional costs to the Bank.
• Authorize payment messages ensuring deal details are matched in \xe2\x80\x9cMurex Matcher\xe2\x80\x9d and release them in time to meet the cut off times of different country zones.
• Authorize debit/credit advices to customers in Intellect to ensure that correct account, amount and value dates have been applied over accounts.
• Ensure that all the above processes are followed strictly for our Global entities e.g. NBAD London, NBAD Oman NBAD Hong Kong, NBAD Cayman etc.
• Check that \xe2\x80\x9cMaster Agreements\xe2\x80\x9d have been signed with all Islamic Institutions/Banks with whom NBAD deal in Islamic Products and ensure that all requirements and formats stipulated in the Agreement are carried out while processing transactions.
• Track all failed payments/non-receipt and late receipt of funds and liaise with Investigations Dept. until matter is closed. Ensure timely follow up of all cases and settle compensation receipts/payments ensuring compliance and reporting procedures are met with.
• Supervise the daily attendance, evening and holiday shifts on a rotation basis to ensure that the desks are fully covered at all times and arrange annual leave plans for the team
• Co-operate with Audit and provide them all documentation they ask for as soon as possible.
• Update SOP with any new/amended process
• Always act in coordination with the line manager for goals set for the section and work in close proximity with the team to ensure the objectives have been achieved by planning ahead
• Supervise the daily operations and ensures that the desk is fully covered throughout the day for BAU activities including holiday and shift basis.
• Ensure that all staff attend annual training which is a GMO/NBAD requirement
• Organize on-the-job training for new members of staff within the team and new GMO staff orientation
• Monitor staff attendance Taking part in any new project including user acceptance test, workflow and parallel run
• Conduct interview for new joiners
• Deputizing line manager when needed and any other responsibility entrusted by direct line manager

Qualifications

Minimum Qualification

• University Graduate.
• Strong communicator at all levels.
• Team player.
• Understanding of the Treasury Products and its settlement characteristic and deadline in various time zones.
• Knowledge of Treasury systems

Minimum Experience

5 years relevant experience in the banking sector with at least 5 years in similar positions of progressively increasing managerial responsibilities in the treasury function.

First Abu Dhabi Bank