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.



The middle office is responsible for maintaining the overall control environment for the Investment Management business within GPB Group. The middle office provides a significant level of control and policing of the front office\'s activities. The middle office\'s functions include assuring data integrity through Transaction Management, Position Management, Reporting and administering portfolio systems. The role will support and assist the Head of Middle Office for Asset Management in ensuring internal and external client deliverables are consistently met. Primary focus will be on Position management, Support transaction management, Fund financials co-ordination.

• Perform a diverse range of middle office responsibilities with primary focus on transaction management, position management, Fund financials coordination.
• Reviewing IMA, investment guidelines, fee schedules, open accounts in the portfolio management system and code compliance rules & investment guidelines.
• Onboarding of portfolios and funds with the custodian and establishing market access with brokers and clearing houses.
• Completing and reviewing broker account documentations, liaising with legal as well as setting up broker accounts in Portfolio management & Trading system
• Covering third party relationship including review and negotiating of SLA/Engagement letters, service reviews, counterparty performance management and billing
• Handling of IPO subscription process for client portfolios & Funds.
• Responsible for Dividend distribution from calculating dividends to obtaining necessary regulatory approvals.
• Responsible for Dividend Purification process.
• Coordinator of data for internal audit reviews for the Middle Office team as well as for external auditors for the completion of Fund Audit & Fund Financial Statements.
• Preparing broker allocation and ranking reports for the Broker Review Committee.
• Working closely with multiple custodians to enable market access to portfolios/funds in MENA and International markets
• Assist PMs in Investigating investment breaches as directed from time to time regarding compliance of portfolios to the guidelines set out in the IMA.
• Carry out daily cash, position management, record cash flows, income and expense transactions of portfolios and funds.
• Assist Portfolio Managers in cash management. Ensure subscriptions/redemptions, expenses/incomes, transfers are instructed/recorded systematically for efficient cash management
• Co-ordinate with various departments within FAB and externally in relation to the portfolio management/fund management services (being brokerage firms, financial markets, dealing room, legal department, compliance, products and other support divisions within FAB).
• Contribute to policy and procedure changes, ensuring regulatory compliance and changing business requirements are met.
• Perform the daily trade flow ensuring all transactions are confirmed with counterparties, that matching instructions are in place in the market and have been communicated to the custodians and other relevant parties.
• Investigation of all unmatched trades, failed trades and any subsequent market claims, whilst escalating potential issues and trade fails to traders and fund managers.
• The role also requires the implementation of process efficiencies and system enhancements as required by the Head of Middle office and fund management business.
• To act as back up for middle office activities during absence of a team member.

Qualifications

Job knowledge, skills & experience:

• 5+ years\' work experience within Asset management, banking or other financial institution.
• Minimum of 4+ years working within a trading/market operations environment within asset management, mutual funds, hedge funds or fund administration.
• Working knowledge of Portfolio valuation and Fund Net Asset Value Calculations
• Working knowledge of IMA/prospectus reviews and coding investment guidelines
• Sound knowledge of end to end workflow and life cycle of financial instruments including equities, fixed income, Repos, FX and Exchange traded and OTC derivatives.
• Working knowledge of Portfolio management systems like Bloomberg AIM, Temenos TAP/T24, Advent APX/Geneva and data vendors like Bloomberg, Reuters etc
• Advanced Microsoft Excel, Word, PowerPoint and Outlook skills.
• Ability to work independently under tight deadlines and effectively manage multiple tasks.

Academic/Professional Qualifications:

• A degree in Finance, Accounting, Economics or related field.

First Abu Dhabi Bank