Treasury Operations Processor

Job description / Role

Role purpose

Processing of investments, swaps, structured transactions initiated by treasury capital market, treasury structure solution desk. Ensure adequate record maintenance, reconciliations of portfolios, MTM, accruals, MIS reporting, system improvements. Ensure timely settlements and processing corporate actions. Provide support to process wealth management mutual fund transactions.

Key accountabilities of the role

• Process capital markets deals including counterparty and client sukuk deals, equities, profit rate swaps, structured products, proprietary investments, corporate actions and supporting wealth management in processing subscription, redemption, switching with the source document whenever required.
• Monitoring daily settlements, periodic returns, accounting entries, follow ups in case of non-receipt of due funds and securities.
• Input creation online, Xact, Euroclear settlement messages, outward payment for foreign currency and local currency and inform treasury.
• Static data update in Avantgard system for new sukuks and equities.
• Reconciling the Euroclear and Clearstream position with the position records in Avantgard.
• Ensuring sufficient support is provided during IPO events in order to successfully and efficiently complete the exercise.
• Perform month end activities for treasury structure solution and capital market deals including reconciliation, MTM statements, monthly accruals posting, revaluation of sukuk, equities and preparing profit rate swaps settlement documents.
• Tracking and preparing collateral margin exchanges between counterparties.
• Ensuring all deals are booked and entries are posted.
• Reconciling the monthly collateral margin profit statement received from counterparties.
• Month end MIS reporting to CRM, FCD, and business units.
• Investigate counterparty and other business unit inquiries and work to solve reported issues.
• Report any significant exceptions or deviation to line manager for further instructions or guidance.
• Periodically evaluate the TIFO operational processes and recommend suitable changes to improve efficiency and controls.
• Supervising the arrangements of proper and organized filing.
• Ensuring follow-up diary system of the department's records is maintained and archival is done on a timely basis.
• Attend training programs to improve skills knowledge in order to enhance role performance and provide training to junior staff under the cross functional training program.
• Ensure compliance to ADIB policies, procedures, guidelines, standards and maintaining high standard of operational controls.
• Undertake any additional assignments or projects entrusted by the line management and complete them as per target dates.
• Maintain proper time standards, good team spirit and service standards.

Specialist skills / technical knowledge required for this role

• Bachelor's degree - preferred commerce (accounting and business).
• Knowledge of Islamic banking and treasury products.
• Knowledge of UAE banking practices and regulations.
• Risk and controls awareness and analytical skills.

Note: Only UAE nationals are considered for this role.