Senior Operations & Accounts Officer | Abu Dhabi, UAE

Senior Operations & Accounts Officer

Company: ADIB - Abu Dhabi Islamic Bank
Location: Abu Dhabi, United Arab Emirates

Role Purpose:
Looking after overall middle/back office operations covering both local as well as international markets. In addition, the right candidate shall also look after margin financing operating model and all other products.

Key Accountabilities of the role:

• Solid understanding of SCA & Exchanges rules & regulations
• Posting daily entries on both phoenix & TFIN accounting system
• Daily reconciling book balances with bank balances and defining variances.
• Managing company's financial assets & monitoring corporate & capital Wakala renewals.
• Ensure corporate actions are implemented on time.
• End to end management of Margin Trading Product
• EOD processing & verifications
• Preparing end of month regulatory reporting with Compliance.
• Ensuring daily settlements with exchanges and foreign counterparties as per defined rules & regulations.
• Process daily settlements for foreign markets.
• Ensuring successful preopen trading sessions in local markets.
• Monitoring the daily trading limits and suggesting increase/decrease if necessary.
• Supporting trading desk as and when required.
• Actively work on assigned projects and ensure delivery as per defined timelines.
• Working closely with FCD & external auditors for interim & EOY external audit.
• Working closely with Compliance for regulatory inspection.
• Propose new ideas to enhance and automate processes.
• Support other team members and act as backup as and when needed.
• Reconciling and monitoring foreign market trades daily.
• Ensuring all corporate actions are handled for all markets and taking necessary action.

Specialist Skills / Technical Knowledge Required for this role:

• University graduate with finance/accounting background, fluent in English.
• Extensive knowledge in capital market operations both locally and internationally.
• Full awareness of Lombard and margin financing as per regulations.
• Full awareness of local markets rules & SCA regulations.
• Excellent analytical and problem-solving skills; proficient in MS Excel.
• Excellent communication skills.

Previous Experience:
Minimum 5-7 years of experience in a competitive environment.