Operations Specialist | Band L

Department Description:
Has been created to cater to diverse client base served by its main stakeholders Emirates NBD Bank and Emirates Islamic Bank as well as a range of large external clients and network It provides a full range of investment products offering exposure to regional markets as well as global markets covering all of the main asset classes structured on either a Sharia compliant or conventional basis

Brief Description:
The jobholder is primarily responsible for processing payments reconciliation trade processingsettlements data extraction and validation The role holder typically is required to process transactions andor information accurately within stipulated service standards and turnaround time The job holder will be required to solve routine problems related to regular transactions tasks and interface with internal and external parties for this purpose This role will assist in the day to day processing of operational activities falling under the fund management trade reporting security set up and data management This role as and when required will also assist in monitoring the fund trades settlements by liaising
with the brokers and the fund custodian

Detailed Description:
Support the processing of all trade orders related to the funds and client portfolios
Quality Timeliness Accuracy
Verifying all the trade details before entering in the system and after its filled by the trading team
Ensure all trade are entered in Allfunds system for the CIO funds before the cut off time and sent for approval
Proactive and timely processing of all trades to ensure timely settlement
Ensure all trade details are input and matched in clear stream Allfunds platform for clients trades for timely settlement in the market
Ensure the transactions are recorded correctly in the system
Recording cash movement and position movements at the custodian level in the system
Account opening Trades monitoring fails management Accuracy TAT
Ensure all client portfolios are opened in Advent system on a timely basis
Bank account opening in ENBD Broker accounts for Fixed Income and Equities
Monitor trade status report for avoiding any late or delayed trade settlements
Timely update of cash in Advent system to ensure the holdings are matching with the custodian records

Job Requirements:
Ensure timely follow up with various internal and external stakeholders
Problems resolution TAT
Liaise with Emirates NBD AM staff and various other departments and counterparties like OPC branches brokers3rd party custodians etc for smooth and efficient processing
Escalate any unresolved issues to the Manager operations for timely decision and resolution
Prepare audit and balance confirmations to the auditors
Assist in the various regulatory and internal reporting obligations
MIS Reports Accuracy
Prepare the data for segregated client reporting on a monthly basis
Preparing the file for ESCA reporting on a quarterly basis
Preparing the data for quarterly DFSA reporting
Support clients related operational activities
Accuracy TAT Quality
Cover for the certain client related operational areas like settlement and reconciliation including exception reporting
Clients FI bond trades Clearstream matching
Ensure all trades are checked and processed for settlement for orders placed through Allfunds
Procedural compliance System enhancements
Non compliance Audit report
Assist in the processing of all transactions in line with AML Compliance requirements in order to deliver error free results
Support in completion of UAT relating to operational activities during system upgrade including new enhancements
Ensure all the securities created in the system are approved by the compliance

Qualifications Details:
Graduate in Commerce or Business Administration ACSIpreferable but not mandatory
Min 56 years
Banking experience both local and international Specialized in investment operations across product lines
Good knowledge of spreadsheets and MS Word
Knowledge on banking policies and procedures
Information seeking Good team player Concern for quality
Affable and not averse to hard work

Qualifications Details:
Graduate in Commerce or Business Administration ACSIpreferable but not mandatory
Min 56 years
Banking experience both local and international Specialized in investment operations across product lines
Good knowledge of spreadsheets and MS Word
Knowledge on banking policies and procedures
Information seeking Good team player Concern for quality
Affable and not averse to hard work