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Principal Accountabilities:
DESCRIPTION
Job Purpose:
To ensure complete and error free settlement and processing of Treasury & Investment transactions. Understand and maintain strict controls in adherence with regulatory guidelines in the area of assigned responsibilities. Support HOD in meeting objectives of the Department by strict compliance to SOP, SLAs and TATs
Principal Accountabilities:
To supervise deal settlements in the Treasury and Investment Operations and to ensure timely and accurate processing of all deals on a daily basis, accounting, documentation, and ancillary support functions related to processing such as filing, archiving, and call backs of the transactions in TIOD.
Ensure all documentation is in order for both Treasury and Investment activities and due diligence is taken to conform to laid down procedures in processing of deals.
Co-ordinate with Treasury & Investment Front Offices, RMs to ensure a smooth workflow and provide continuous improvements to processes. To take part in system related upgrades, identifying new solutions, submitting BRD, and participating in UATs.
Support the HOD with new project implementations, SOP updates, process realignments and compliance to audit recommendations.
Suggest and Participate in Process Improvements and automation of manual activities
Constant interaction with staff to train and enhance their productivity in the designated area
Products coverage include – Investment deals (Bonds/Equities/Mutual Funds), Reverse/REPO, TD, Islamic Deals, FXMM, Derivatives deals. TL is to ensure:
Corporate action events for Bonds, Equities and Funds are captured in respective systems on notification date
Check and Verify fixed income Settlement Instructions on Clearstream RVP / DVP / RFP / DFP.
No pending Proprietary Investments trades for processing in Quantum at EOD
UAE Central Bank Monetary bills settlement in Euroclear meets CBUAE deadlines
Perform monthly call back reviews on investment and FXMM deals and provide feedback if any to HOD
Ensure efficient Cash management at Saxo, Clearsteam, Euroclear and AFB and related SWIFTs
Ensure Client on boarding in completed with respective documentation and signatures in place
Ensure that all cash, GL and P&L accounts with Nostros/Custodian are reconciled daily
Ensure the Monthly Cash and Security Positon Reconciliations are performed
Breaks reported by recon department are matched and responded to and knock off entries cleared
Ensure uninterrupted trade flow for Saxo Investr App, Equity Trader, Self-Investor deals processing, corporate actions, and recon
To provide adequate cross coverage to other TLs in Treasury
To take responsibility of TIOD client’s satisfaction rating and End to End ownership of products and processes in TIOD.
