Assistan Manager - FX/MM Settlements.Injaz - FX/ MM Settlements.Operations Group

Mashreq; United Arab Emirates; On-site; AED 180,000 - 300,000; Full time

Job summary

Mashreq in United Arab Emirates is seeking a specialist to validate Foreign Exchange and Money Market products, ensuring accurate payments and up-to-date settlements. The role requires handling CLS settlements, MT103/MT202/MT300/MT320/MT600 messages and Islamic finance transactions (Murabaha, Wakala, Reverse Murabaha) for daily processing.

You will monitor Nostro accounts, conduct daily cashflow monitoring and settlements, reconcile payments between booking systems and gateways, and ensure all

Qualifications

• Knowledge of Foreign Exchange and Money Market products.
• Familiarity with CLS trade settlement system.
• Understanding of SWIFT MT103/MT202/MT300/MT320/MT600 messaging.
• Experience with Murabaha, Wakala, Reverse Murabaha and commodity execution.
• Daily payment reconciliation between booking systems and payment gateway.

Responsibilities

• Validate FX and Money Market trades and ensure correct value date payments.
• Monitor Nostro items and follow up with counterparties for delays.
• Perform daily cashflow monitoring, settlements and confirmation matching.
• Process UAEFTS payments daily and monitor payments queue.
• Ensure settlements, confirmations and payments across all products have full control.
• Ensure MT300/MT320/MT600 confirmations and matching criteria are met.
• Maintain treasury accounting knowledge for FX and Money Market products.
• Reconcile deals between T24 and DealHub and ensure timely transmission of payment messages.
• Manage daily commodity transactions and settlements with DGCX within cutoff times.

Job description

• - 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