Job Description

JOB SUMMARY / INTRODUCTION

To ensure that all Capital Markets related transactions executed by the Global Markets department are successfully matched, validated, confirmed and settled within the agreed timeframes in the appropriate systems. To ensure that all life cycle events are captured, booked and instructed accurately. To monitor all breaks derived from the reconciliation report, to resolve them and to escalate where necessary.

Products handled by Capital Markets team include:

• Bonds
• Structured Bonds
• Equity
• Repo, Reverse Repo, Islamic Repo, Equity Repo & Triparty Repo
• MBills and TBills
• Coupons and Dividends
• Collateral securities, Collateral cash and Initial Margin
• Collateral Loan TRS

• HNI settlement for Bonds, Equities, Gold Bullion and corporate action.
  

  KEY RESPONSIBILITIES

  Teamwork

• Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.
• Promote the organization’s values and ethics in all activities within the team to support the establishment of a value drive culture within the bank.
  Policies, Systems, Processes & Procedures

• Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

  Continuous Improvement

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

  Reporting

• Prepare sectional statements and reports timely and accurately to meet FAB and department requirements, policies and quality standards.

  Specific Accountability

• Staff must be accountable for accurate and timely Validation, Confirmation, Matching & Settlement of all securities traded by Global Markets team.
• Staff must make informed and educated decisions about how to deal with the problems encountered, and must be aware of when it is necessary to escalate issues to management.
• Staff will be required to regularly communicate, interact and problem solve with the Banks Global Markets clients who are sophisticated investors so it’s imperative they are professional, knowledgeable and take ownership of any issues whilst ensuring the client is kept informed at all times.
• Staff will be required to service the Operational requirements for various international FAB offices, specifically but not limited to London, Hong Kong, Oman, Singapore and Cayman Islands.

• Staff should be aware of and adhere to any regulations as defined by the jurisdiction in operation.

  The Validation & Confirmation of Global Market Trades

• 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 the 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.

  The Settlements of the Global Market Trades

• 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 the Counterparties for all unsettled or unmatched trades.
• Help in resolving all reconciliation issues.

• Ensure all coupons and corporate actions are settled on time.

  General

• Report & highlight all risk factors identified.
• Participate in daily huddle meetings to raise any concerns or issues.
• Strict adherence to the bank policies & procedures.
• Support the department in business development projects.
• Ensure that all processes are documented in the relevant SOP and that they are kept up to date.
• Ensure all KRIs reports are updated daily.
• Ensure that all reporting requirements are adhered to.

• Provide required support for all FAB International Locations Centralized within head office Global Market Operations.

  Frameworks, Boundaries & Decision-Making Authority

• Functions within the framework and boundaries of Group policies as well as overall organizational and governance frameworks.

• Authorized to take decisions as per the approved authorization matrix.

  REQUIREMENTS / QUALIFICATIONS

  Minimum Qualification

• Bachelor’s degree in business, Accounting or related discipline.

  Minimum Experience

• 5 years’ relevant experience in the banking sector with at least 2 years in similar positions of progressively increasing responsibilities in an Operations function.
• Skills
• Validation
• Confirmation
• Matching & 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
• Collateral cash
• Initial Margin
• Collateral Loan TRS
• Repo, Reverse Repo, Islamic Repo, Equity Repo & Triparty Repo
• Bonds
• Structured Bonds
• Equity
• 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