Company Description

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We\'re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you\'ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger - together.



Job Purpose:

The middle office is responsible for maintaining the overall control environment for the Middle office Services (MOS) within GCF Securities Services. Clients served are across FAB internal businesses like FAB Asset Management and external third-party asset managers.

The middle office provides a significant level of support to the front office\'s activities. The middle office\'s functions include assuring data integrity through deal validation, executing the risk monitoring requirements and administering portfolio systems. The role will support and assist the VP. Middle Office Services in ensuring internal and external client deliverables are consistently met. Primary focus will be on Investment Performance, Valuation, Fund NAV Oversight, Factsheets, Risk Reporting & Analytics.

Key Accountabilities:

• Perform a diverse range of Middle Office responsibilities with primary focus on portfolio performance analysis, valuation of investments, Fund NAV oversight, Reporting, Fund factsheets, risk reporting & analytics
• Production of attribution analysis, contribution exposures, positioning, P&L and peer group ranking analysis.
• Run Book analytics and related characteristics for held to maturity fixed income bond portfolios.
• Perform best/worst scenario analysis and liquidity analysis for the Fund Managers to assist in investment decisions and regulatory/board reporting
• Run various risk analytics for fund managers, client and regulatory reporting.
• Monitoring and reporting of hedging of currency exposure for fund share classes and portfolios
• Production of performance, investment and trade reports for Investment Review Committee, Fund Advisory Body, UCITS Board, broker allocation review committee and for management information.
• Manage UCITS regulatory requirements, KIIDs, EMIR, Central Bank of Ireland/UAE and SCA regulatory requirements. Analyse new regulatory requirements and produce the relevant reports.
• Analyse and investigate root causes of performance/analytics variances. Key contact to address performance reporting related queries from internal and external customers.
• Maintain valuation policy and run pricing models for illiquid securities and portfolios.
• Responsible for designing and production of fund factsheets with best industry standards applied.
• Responsible for design and production of Client factsheets, managing client audits, new and bespoke client reporting requirements.
• Oversight of fund administrators, Fund NAVs, manage any position, valuation, corporate actions queries.
• Manage fund audit process and finalise fund financial statements.
• Responsible for running Fund Dividend calculation and distribution process
• Generate performance fee calculations and reporting.
• Assist in managing investment guidelines in the system and assist in investigating investment guideline breaches and its impact.
• Maintain leveraged portfolios and manage LTV limits to comply with credit covenants.
• Assist in managing daily trade life cycle and reconciliation process
• Work closely with fund managers and sales team in client specific requirements in terms of reporting, valuations and investment guidelines.
• Formulate, recommend, and test process and system enhancements and calculation methodologies in line with best industry standards.
• Contribute to policy and procedure changes, risk assessments and control, internal audit, ensuring regulatory compliance and changing business requirements are met.
• Lead and implement process efficiencies and system enhancements projects independently as required by the VP, Middle Office Services.

Qualifications

Job knowledge, Skills & Experience:

• 8+ years\' work experience within investment management, banking or other financial institution.
• Minimum of 5+ years working within a performance measurement and risk analytics team of asset management, mutual fund, hedge fund or fund administration business
• Working knowledge of Portfolio Valuation and Fund Net Asset Value Calculations
• Knowledge of IFRS/investment accounting for securities portfolio and funds.
• Knowledge of Global Investment Performance Standards (GIPS) would be added advantage
• Mathematically sound and strong grip over statistical analysis and models.
• Sound knowledge of end to end workflow and life cycle of financial instruments including equities, fixed income, Repos, FX, Exchange traded and OTC derivatives.
• Hands on experience in administering and managing Portfolio & order management systems like Bloomberg AIM, Advent or equivalent and data providers like Bloomberg, Reuters etc
• Experience in running projects and implementation of system enhancements independently.
• Advanced MS Excel and Experience with VBA and Macros.
• Ability to work independently under tight deadlines and effectively manage multiple tasks.
• Eye for detail, number crunching and strong analytical abilities are must.

Academic/Professional Qualifications:

• A post graduate degree in Finance, Accounting, Economics, Statistics or related field
• Or a CFA or pursuing CFA

First Abu Dhabi Bank