AVP - Assets & Liability Management (Islamic Finance)

AXIZ Consulting

Dubai, UAE

Ref: OP195-72

Job description / Role

Employment: Full Time

Our client, a leading financial institution in Dubai are looking for a AVP - Assets & Liability Management (Shariah Banking)

The main responsibility of this role is to ensure adherence to Bank’s policy of maintaining adequate liquidity at all times, and hence to be in a position, in the normal course of business, to meet all its obligations as well as be self-sufficient in liquidity management by meeting all its obligations, to make payments as they fall due, coupled with the prudent management of local payment/clearing system liquidity, ensuring adequate intra-day cash or negotiable instruments are held as per the internal and regulatory regulations .

Liquidity and Risk Management:
- Maintain adequate liquidity at all times, to ensure the Bank can meet all its commitments.
- Day-to-day responsibility for ensuring all payments are made through the local payments system,
- Disseminate and synthesise economic research with a view to formulating appropriate liquidity and balance sheet strategies.
- Monitor all relevant market and liquidity risk reports and act to maintain positions within limits as well as to monitor daily PNL. Own the PNL and be responsible for explaining any changes in accrual run rate.
- Daily cash management and squaring of money market books
- Act as a Backup for other money market traders and act as a price maker for the various sales and derivatives desks internally.
- Establish and maintain external relationships with brokers and internal relationships with sales and derivatives desks.
- Ensure full adherence to all Compliance Risk Management.- Responsible for undertaking the business monitoring and testing (i.e. checking the records, reviewing the transactions) and reporting findings, exceptions and results from such monitoring / testing activities.
- Observe and work within ALCO approved targets as directed by the Head of ALM

Money Laundering Prevention:
- Ensure money laundering prevention requirements and procedures are communicated to unit staff in Treasury.
- Ensure the procedure of suspicious transactions monitoring within Treasury.
- Report any issues related to money laundering prevention arising within the unit to Compliance and unit head.
- Vet and assist in the investigation of suspicious transaction reports originating from unit staff.

Requirements

- Minimum University Graduate. MBA will be a plus
- Minimum 8-10 Years in Treasury and experience of Fixed Income and Money Markets (operations and instruments)
- Highly numerate
- Sharia’a principles and guidelines awareness
- Ability to articulate market views and translate into trading strategies
- Fully conversant with Reuters, Bloomberg and other financial systems
- Central Bank guidelines; ALCO, Credit and Market Risk policies;
- Will bear responsibility for revenue targets on money market book

About the Company

AXIZ Consulting is based in the Dubai International Finance Centre and offers a bespoke, highly consultative recruitment service to local and international organisations across the GCC in both professional services and primary industries. Its founding two members come from a blend of executive search and contingent recruitment and they have taken some of the best practices of executive search and applied this to contingent recruitment in order to produce a service which offers maximum value to clients.

In order for us to build a successful company, we identified a core aim: to offer our clients a service that surpasses that of our competition. In order to do this, we have put into place both internal and external processes that ensure clients receive a consistent and professional service which gets the right results, in the right way.

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Production Engineer salaries in UAE

Average monthly compensation
AED 5,000

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