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:

This role is primarily responsible for processing the following category of Islamic Finances and related transactions. Also Provide support back-office service to Business Units (Retail, Direct Sales, branches, and Staff Unit) and manage efficiently the flow of work utilizing the available resources without compromising risk and service standards.

Ensure full compliance with Sharia guidelines and enforce proper controls for the safety custody of documents.

Personal Finance, Auto Finance, Vanilla Mortgage/Ijara and Staff Finance including below activities which comprises part of the disbursal process: -

• Manual Block Placements/Release
• Manual Settlement of existing loans
• Internal Transfer of funds (A2A)
• Issuance of Manager\'s Cheques and Guarantee Letter
• Manually set up interest rate in T24 for Vanilla Mortgage
• Set up customized payment schedule

• Fee recovery
• Tranche payment & MC issuance or remittance

Also, processing of maintenance/Financial activities like:

• Deferment
• Full and Partial Settlement of Islamic facilities
• Past Due Recovery and PD Reversal
• Facility parameter changes like repayment date, instalment change
• Facility Cancellation
• Write off
• Blocking, unblocking and block adjustment
• Funds transfer, data capture
• Facility Restructure

In addition, coordination with other sections of Operations and internal stakeholders to ensure smooth workflow and delivery of high quality and timely service to internal customers.

Detailed Responsibilities

• Validation and processing of new Finances received through CAS, input/create new finances in T24 for manual bookings including validation of DOA
• Execution of additional steps post disbursement of a Finances.
• Diarizing of transactions wherever second day steps/activities are involved
• Providing remittance instruction to Payment Centre wherever applicable
• Obtain Signatures on the MCs as per the DOA matrix
• EOD checks to be performed for unauthorized transactions & printing of daily vouchers
• Ensuring efficient, error free processing of transactions with strict compliance to policies, SOP and within the agreed SLAs
• To minimise operations risks for the Bank by ensuring that all transactions that are processed comply fully with underlying customer or internal instructions.
• Ensuring conformance to internal procedures / policies / guidelines and local and international norms and regulations as applicable
• Performing internal accounts & MC stock reconciliation on a daily basis
• Undertaking all daily-processing activities related to a particular product or sub function
• To be responsible as primary custodian of security items
• To participate actively in the various initiatives within section / unit / department/division/group and the Bank as and when required
• To engage on any other activity, falling within pretext of a Processor
• Providing periodical reports and management information for effective decision making
• Involvement and participation in various UAT activities
• Handling Islamic Facilities related queries raised by Internal Stakeholders, timely response to be provided

Qualifications

QUALIFICATIONS & EXPERIENCE:

Minimum Qualification

• Bachelor\'s degree in Commerce, Accounting and Finance or related discipline.

Minimum Experience

• 4-5 years\' relevant experience in the banking sector with at least 2 years in similar position.

First Abu Dhabi Bank