Specialist, Capital Market Operation
Job summary / introduction
To ensure that all capital markets related transactions executed by the global markets department are successfully matched, validated, confirmed and settled within the agreed timeframes in the appropriate systems. To ensure that all life cycle events are captured, booked and instructed accurately. To monitor all breaks derived from the reconciliation report, to resolve them and to escalate where necessary.
Products handled by capital markets team include:
Bonds
Structured bonds
Equity
Repo, reverse repo, Islamic repo, equity repo & triparty repo
MBills and TBills
Coupons and dividends
Collateral securities, collateral cash and initial margin
Collateral loan TRS
HNI settlement for bonds, equities, gold bullion and corporate action
Key responsibilities
Teamwork
Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.
Promote the organization's values and ethics in all activities within the team to support the establishment of a value driven culture within the bank.
Policies, systems, processes & procedures
Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.
Continuous improvement
Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
Reporting
Prepare sectional statements and reports timely and accurately to meet FAB and department requirements, policies and quality standards.
Specific accountability
Staff must be accountable for accurate and timely validation, confirmation, matching & settlement of all securities traded by global markets team.
Staff must make informed and educated decisions about how to deal with the problems encountered, and must be aware of when it is necessary to escalate issues to management.
Staff will be required to regularly communicate, interact and problem solve with the bank's global markets clients who are sophisticated investors so it's imperative they are professional, knowledgeable and take ownership of any issues whilst ensuring the client is kept informed at all times.
Staff will be required to service the operational requirements for various international FAB offices, specifically but not limited to London, Hong Kong, Oman, Singapore and Cayman Islands.
Staff should be aware of and adhere to any regulations as defined by the jurisdiction in operation.
The validation & confirmation of global market trades
Ensure all security transactions executed by the global markets trading team are validated within the agreed turnaround time within Murex.
Ensure all trade confirmations are sent to the counterparties within the agreed turnaround time.
Ensure all deals matched through Omgeo system are allocated to on-boarded funds.
Ensure all securities trades are uploaded into Euroclear, Clearstream, JP Morgan and Stanbic ready for settlement.
The settlements of the global market trades
Ensure all trades booked in Murex are matched on the agreed value date.
Transfer the net settlement amount to the custodian account before the cut off time.
Follow up with the counterparties for all unsettled or unmatched trades.
Help in resolving all reconciliation issues.
Ensure all coupons and corporate actions are settled on time.
General
Report & highlight all risk factors identified.
Participate in daily huddle meetings to raise any concerns or issues.
Strict adherence to the bank policies & procedures.
Support the department in business development projects.
Ensure that all processes are documented in the relevant SOP and that they are kept up to date.
Ensure all KRIs reports are updated daily.
Ensure that all reporting requirements are adhered to.
Provide required support for all FAB international locations centralized within head office global market operations.
Frameworks, boundaries & decision-making authority
Functions within the framework and boundaries of group policies as well as overall organizational and governance frameworks.
Authorized to take decisions as per the approved authorization matrix.
Requirements / qualifications
Minimum qualification
Bachelor's degree in business, accounting or related discipline.
Minimum experience
5 years' relevant experience in the banking sector with at least 2 years in similar positions of progressively increasing responsibilities in an operations function.
Skills
Validation
Confirmation
Matching & settlement of securities
Capital markets operations
Global markets operations
Reconciliation monitoring and resolution
Life cycle event processing
Murex
Omgeo
Euroclear
Clearstream
JP Morgan settlement processing
Stanbic settlement processing
Corporate actions processing
Coupon processing
Collateral securities
Collateral cash
Initial margin
Collateral loan TRS
Repo, reverse repo, Islamic repo, equity repo & triparty repo
Bonds
Structured bonds
Equity
MBills and TBills
Risk identification and escalation
SOP documentation and maintenance
Reporting
Team training and knowledge sharing
Continuous improvement
Stakeholder communication
Problem solving
Regulatory awareness
Business development support
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 globally that rewards your hard work and dedication.
Join our team and be part of a journey to shape the future of banking.