Mashreq Bank
Assistan Manager - FX/MM Settlements.Injaz - FX/ MM Settlements.Operations Group
🇦🇪 UAE, UAE🏢 On-site
FXMoney MarketSWIFTT24DealHubCLSIslamic FinanceNostro
At a Glance
- Category
- 🏦 Finance & Banking
- Level
- Senior
- Type
- Full-time
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- To validate and confirm Foreign Exchange and Money Market Product
- Ensure SSI is rightly updated and complete all payments as per the currency cutoff
- Monitor CP conditions for corporate customers related to FX trades
- Sound knowledge on CLS trade settlement system
- Perform daily payment reconciliation between booking systems and payment gateway
- Sound knowledge on SWIFT MT103/MT202/MT300 / MT320 / MT600 message types along with knowledge on
- Islamic Murabaha, Wakala, Reverse Murabaha trade validations and documentation along with commodity execution
- Daily monitoring of Nostro Outstanding items and follow-up with counterparty for delayed payments
- Perform Money Market Cashflow Monitoring, Daily Settlements and confirmation matching
- Validate all payments related to Foreign Exchange are made on correct Value Date
- Trade Validation of FX and Money Market Trades
- Monitor CP conditions for corporate customers related to FX trades
- Sound knowledge on Treasury Accounting related to FX / Money Market products.
- Perform control checks on the deal flows between T24 and DealHub
- Checking all Transmission Copies of Payments and Receipt Messages to ensure that all messages are transmitted on time.
- Sound knowledge on CLS trade settlement system
- Monitor Daily Cashflow and Payments
- prepare UAEFTS payments on a daily basis and monitor the payments Q
- Perform daily payment reconciliation between booking systems and payment gateway
- Sound knowledge on MT300 / MT320 / MT600 Confirmation along with knowledge on Matching criteria
- Ensure Zero operation loss
- Ensure full control across all products including settlements, confirmation, and payments
- Ensure daily Islamic Murabaha, Wakala, Reverse Murabaha trade validations and documentation along with commodity execution
- Process Daily Commodity transactions / Settlements / Confirmations
- Daily monitoring of Nostro Outstanding items and follow-up with counterparty for delayed payments.
- Perform Money Market Cashflow Monitoring, Daily Settlements and confirmation matching
- Process FX transactions of DVP (delivery vs payment) customers by ensuring funds are received before other ccy fund is paid out.
- Ensure margin funds received from DVP customers specific to a deal is placed internally and tracked.
- Manage gold swap product transactions executed with DGCX, within specified cutoff timing
Requirements
- •Sound knowledge of CLS trade settlement system
- •Knowledge of SWIFT MT103, MT202, MT300, MT320, and MT600 message types
- •Knowledge of Islamic Murabaha, Wakala, and Reverse Murabaha trade validations
- •Knowledge of Treasury Accounting related to FX / Money Market products
- •Experience with commodity execution and transactions
- •Ability to perform daily payment reconciliation between booking systems and payment gateways
Responsibilities
- •Validate and confirm Foreign Exchange and Money Market Products
- •Ensure SSI is rightly updated and complete all payments as per currency cutoff
- •Monitor CP conditions for corporate customers related to FX trades
- •Perform daily payment reconciliation between booking systems and payment gateway
- •Monitor Nostro Outstanding items and follow up with counterparties for delayed payments
- •Perform Money Market Cashflow Monitoring, Daily Settlements and confirmation matching
- •Validate all payments related to Foreign Exchange are made on correct Value Date
- •Perform control checks on deal flows between T24 and DealHub
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Don't Risk It
- Find the mistakes in your CV before Mashreq Bank sees it
- Get every weak line rewritten
- Download a CV written for the Gulf
Free check in 60 seconds. Fixes $5.88 one-time, only if you want them.
GCC Info
Company
Mashreq Bank
5000+ employees
Mashreq Bank offers a wide range of banking products and services, including retail, corporate, and investment banking. It serves individuals and businesses across the UAE and internationally.