Senior Officer

Job description / Role

Senior Officer - Foreign Exchange / Money Market and Islamic Settlements

JOB SUMMARY:
Managing, processing and settling Foreign Exchange, Money Market, Islamic Money Market Investment trades and Islamic Foreign Exchange trades done by Treasury. Managing related trade life cycle events.

MAIN TASKS AND RESPONSIBILITIES:

* Islamic Trade Processing
- Monitor and manage Islamic trade booking and ensuring the trades are booked in the appropriate portfolio and under the correct usage.
- Manage the exchange of relevant document and SWIFT confirmations with Islamic counterparts on trades dealt.
- Manage the exchange of commodity documents with Brokers.
- Monitor Islamic Agreements entered with counterparties pertaining to Treasury.

* Money Market Trade Processing
- Monitor and manage Money Market trade booking and ensuring the trades are booked in the appropriate portfolio and under the correct usage.
- Ensure the trade settlement instructions are correct to avoid any payment issues.
- Managing relevant market operations - Pre closures, Rollovers, Brokerage settlements etc.

* Foreign Exchange Trade Processing
- Monitor and manage Foreign Exchange trade booking and ensuring the trades are booked in the appropriate portfolio and under the correct usage.
- Ensure the trade settlement instructions on the trades booked are correct to avoid any payment issues.
- Conversant in FX trade types - Spot, Forwards, Swaps, Par-forwards etc to track and monitor Treasury trades.
- Monitoring various trading portals and ensuring all trades dealt are captured in Murex.
- Monitor and manage NDF trade bookings, ensure the fixings are captured and the LFCs are verified and sent to the counterparties.

* Payments and Settlement Functions
- Preparation / Authorisation of SWIFT messages used for payment release, confirmations, queries, notice to receive, cover messages etc .
- Monitoring trade status in CLS and responding to Alleged and Unmatched trade types.
- Ensuring CLS Cash Positions and relevant reports match before Net Settlement is initiated.
- Preparation / Authorisation of UAEFTS messages used for effecting AED payments, queries, etc .
- Ensuring all payments are released within the specified currency cut-off.

* Confirmations
- Preparation / Authorisation of SWIFT messages used for payment release, confirmations, queries, notice to receive, cover messages etc .
- Monitoring trade status in CLS and responding to Alleged and Unmatched trade types.
- Ensuring CLS Cash Positions and relevant reports match before Net Settlement is initiated.
- Preparation / Authorisation of UAEFTS messages used for effecting AED payments, queries, etc .
- Ensuring all payments are released within the specified currency cut-off.

* Nostro Cash Management and Account Monitoring
- Ensuring all same day value and Tom value trades which have a direct impact on Nostro Cash Management are processed at the earliest to facilitate early cash positioning.
- Verify and authorize/ Input Fund Transfer entries in FCC and release payments.
- Verify and authorize/ Input Teller Transactions in FCC.
- Monitor Bridge and Suspense accounts and arrange to regularise anomalies if any.

* Static Data and Investigations
- Communicate with the Static data set-up team, along with a relevant source document on a new/amended counterparty SSI/counterparty detail.
- Monitor all incoming correspondence / SWIFT queries related to treasury products / activities and ensure they are responded to.

* MIS/Reports
- Liaise with Finance / IT for product creation & necessary system enhancements for new products and Monthly & quarterly report preparation for management, Finance & Central Bank.
- Escalate system issues or anomalies for immediate regularisation.
- Manage preparation of daily, monthly and EOD reports like Outstanding Murabaha Trades report etc.

* Client / Internal relationships and Handling Shifts
- Liaise with counterparties both Local and International as part of any queries or investigations.
- Managing BAU during evening shifts as well as on weekends (Friday and Saturday).

Requirements

- 5 years Treasury Back Office experience in Foreign Exchange and Money Market transactions.
- Knowledge in Management accounting.
- Work experience in following systems will be an advantage : Murex / Flexcube / CLS / SWIFT / Central Banks Funds Transfer System.
- Educated to the level of a university degreeas a minimum.

About the Company

ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, Islamic products, project finance, and property management services.