Senior Operation Processor

Role: Senior operation processor
Location: Abu Dhabi

Role Purpose:

Processing of Structured & Wealth management transactions initiated by Wealth Management department. Ensure Adequate record maintenance, Reconciliations of portfolios, MIS reporting, system improvements. For WM, ensure timely settlements; update correct NAV, posting of vouchers, ensure proper allocation of Units and cash for subscription/redemption. Provide support to FX, MM & CM teams.

Key Accountabilities of the role:

• Verify and Process WM transactions end to end, after proper verification of source documents.

• Monitoring daily settlements, periodic returns, accounting entries, follow ups in case of non-receipt of due funds and Securities. Ensure timely settlements, update correct NAV, proper allocation of Units and cash for subscription/redemption

• Manual posting of vouchers for WM primiparity and, FX, MM and Capital Markets and derivatives products as and when support required.

• Adhere to ADIB policies, procedures, sharia guidelines, and standards

• Support on Capital Market and Derivatives products processing.) PRS, Options etc.)

• Checking reconciliation of transactions / accounts / GL’s, taking corrective action on outstanding items and escalate any long outstanding items.

• Perform month end activities

• Periodically evaluate the TIFO operational processes and recommend to line management, suitable changes to improve efficiency and controls

• Maintain discipline, punctuality, good team spirit and service standards.

• Undertake any additional assignment / task entrusted by line management and complete them on target dates.

• Provide support to other units (FX, MM, CM)

• Maintain proper and organized filing of department records including all new agreements received from business (preparing new templates). Arrange to send records to CCU for archiving.

• Undertake training programs to improve knowledge in order to enhance role performance

• Maintain proper time standards, good team spirit and service standards

• Ensure compliance to ADIB policies, procedures, sharia guidelines and standards.

• Assist to earn satisfactory audit rating from regulators, Internal Audit and Sharia

• Undertake additional assignments/projects entrusted by the line management and complete them as per target dates.

Specialist Skills / Technical Knowledge Required for this role:

Profound knowledge towards TIFO products, preferably Investments / WM