Specialist, Capital Market Operations

Role Overview

Specialist, Capital Market Operations at First Abu Dhabi Bank (FAB), based in Abu Dhabi. This role ensures all Capital Markets transactions executed by the Global Markets department are successfully matched, validated, confirmed and settled within agreed timeframes in appropriate systems.

Role Purpose

To manage the complete lifecycle of capital markets transactions from execution through settlement, ensuring accurate matching, validation, confirmation and timely settlement. To monitor reconciliation breaks, resolve them and escalate where necessary. To support Global Markets operations across multiple international locations and product types.

Key Responsibilities

Validation & Confirmation

• 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 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.

Settlement Operations

• 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 counterparties for all unsettled or unmatched trades.
• Help in resolving all reconciliation issues.
• Ensure all coupons and corporate actions are settled on time.

Reconciliation & Monitoring

• Monitor all breaks derived from the reconciliation report.
• Resolve reconciliation breaks and escalate where necessary.
• Ensure all KRIs reports are updated daily.
• Report and highlight all risk factors identified.

Life Cycle Event Processing

• Capture all life cycle events accurately.
• Book and instruct all life cycle events accurately.
• Process coupons and corporate actions.

Policies, Systems & Procedures

• Provide inputs and implement policies, systems and procedures for the assigned team.
• Ensure all relevant procedural and legislative requirements are fulfilled.
• Deliver quality, cost-effective service.
• Ensure all processes are documented in the relevant SOP and kept up to date.

Teamwork & Development

• Provide guidance and on-the-job training for junior colleagues.
• Conduct knowledge sharing to facilitate achievement of team objectives.
• Promote the organization's values and ethics in all team activities.
• Support the establishment of a value-driven culture within the bank.

Continuous Improvement

• Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices.
• Consider global standards, productivity improvement and cost reduction.

Stakeholder Management & Communication

• Regularly communicate, interact and problem-solve with the bank's Global Markets clients who are sophisticated investors.
• Remain professional, knowledgeable and take ownership of issues.
• Ensure clients are kept informed at all times.
• Participate in daily huddle meetings to raise any concerns or issues.

International Support & Governance

• Service operational requirements for various international FAB offices, specifically but not limited to London, Hong Kong, Oman, Singapore and Cayman Islands.
• Be aware of and adhere to any regulations as defined by the jurisdiction in operation.
• Provide required support for all FAB International Locations centralized within head office Global Market Operations.
• Functions within the framework and boundaries of Group policies as well as overall organizational and governance frameworks.

Reporting & Compliance

• Prepare sectional statements and reports timely and accurately to meet FAB and department requirements.
• Ensure all reporting requirements are adhered to.
• Strict adherence to bank policies and procedures.

Business Development Support

• Support the department in business development projects.

Decision-Making

• Make informed and educated decisions about how to deal with problems encountered.
• Be aware of when it is necessary to escalate issues to management.
• Authorized to take decisions as per the approved authorization matrix.

Qualifications & Experience

• Bachelor's degree in business, accounting or related discipline.
• Minimum 5 years' relevant experience in the banking sector.
• At least 2 years in similar positions of progressively increasing responsibilities in an Operations function.

Skills & Competencies

• Validation and confirmation of securities transactions.
• Matching and 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 handling.
• Collateral cash management.
• Initial Margin processing.
• Collateral Loan TRS.
• Repo, Reverse Repo, Islamic Repo, Equity Repo and Triparty Repo products.
• Bonds and Structured Bonds.
• Equity trading.
• 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.

Additional Information

Capital Markets products handled by the team include: Bonds, Structured Bonds, Equity, Repo, Reverse Repo, Islamic Repo, Equity Repo and Triparty Repo, MBills and TBills, Coupons and Dividends, Collateral securities, Collateral cash, Initial Margin, Collateral Loan TRS, and HNI settlement for Bonds, Equities, Gold Bullion and corporate action.