Custody Operations officer

Job Description

Location: Abu Dhabi

Any nationality

Any gender

Budget: Between AED 6,500 and 8,000 per month depending on experience and qualifications of candidate

Experience preferred: Banking; Accounting; Securities settlements

Skills

Department operates in capacity of a Direct Custodian / Intermediary Custodian / Global Custodian

Communicating with many entities (Clients/Counterparties/Market Players) both local and global.

Ensure accurate and timely processing of client and client impacting instructions. Reconciling to confirm appropriate settlement of all transactions (FX, Cash, Securities, Corporate Action, Tax Reclaims). Volumes are significant, and as this is a new an up and coming business the volumes and complexity of the products and services being offered are increasing exponentially.

Department operates from 8:00AM – 7:30PM, 7 days / week

Managing transactions that are large in value and complex in nature, ensuring their successful settlement, avoiding loss and penalties to the bank and clients that could cause the bank Reputational, Financial and Operational Risk.

Current offering of Department: Position Management, Security/Cash Settlement, Corporate Actions, Reporting, Invoicing, Reconciliation, Swift, Market Security Movement, Cash Management, Project Support, Proxy Services, Tax Reclaims, Income Management. Could expand to Securities Lending, Client Short Selling, Network Management Support, Claim Management.

http://www.bayt.com/en/job/custody-operations-officer-in-uae-3036045/