Job Description

Job Purpose:

• To ensure FX/MM/Islamic products deals (HNI & NON HNI)have captured correct details and settlement instructions, counterparty confirmations have matched with our deal details thus enabling error free settlement of all deals in a timely manner to prevent any loss/penalty to the Bank.
• To ensure documentation of all deals is matched through electronically established Murex Matcher and Finastra " matching confirmation system and to ensure all manual documents have been checked and agreed with our record, also responsible for establishing missing SSIs (Standard Settlement Instructions) in static data at customer details level, thereby all settlement instructions are captured automatically by default or STP

Key Accountabilities:

Policies, Systems, Processes & Procedures

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner
• Demonstrate compliance to organization's values and ethics at all times to support the establishment of a value drive culture within the bank.

Continuous Improvement

• Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

• Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards

Job Context

Specific Accountability

1. Input, review, check the correctness of volume and KPI report
2. MM/FX/IS payment validation after ensuring that all deal details input by dealer are correct.
3. Validate and release payments from Murex after checking status in Matching confirmation system namely Murex Matcher, Finastra etc.
4. Ensure all commercial payments are processed accurately by uploading it in the Remittance workflow system
5. Monitor FX/MM/IS/Global FXMM group email and ensure that appropriate action is taken
6. Manually monitor the daily workflow for ECP/CP/CD in all NBAD entities, prepare HK FMD entries
7. Follow-up with dealers/clients regarding the Rollovers then release from Murex
8. Send NDF confirmations to clients and release of agreed amount from Murex
9. Ensure that trade validation and payment queues in MUREX are clear at EOD
10. Ensure Swift Alliance verification queues are clear at EOD
11. Handling settlement processes for our Global entities e.g. NBAD London, NBAD Oman, NBAD Hong Kong, and NBAD Cayman etc.
12. Liaise with GM, Clients and other GMO desks for queries related to the deals
13. Liaise with Reconciliation for Islamic overnight deals
14. Liaise with Investigations for any customer query
15. Take part in CLS/shift/holiday rotation to ensure BAU for local and Global Ops at all times
16. Provide required support for all FAB International Locations Centralized within head office Global Market Operations

Minimum Qualification

• University Graduate
• Knowledge of Treasury products and accounting.
• Good communication skills
  
  Minimum Experience
• 3-5 years' relevant experience in the banking sector with at least 3 years in similar positions of progressively increasing managerial responsibilities in the treasury function.

About Us

About Us:

First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.

Life at FAB:

Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization

Career Development:

FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.

Our Values:

At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.

Join our team and be part of a journey to shape the future of banking.