Fund Administration Officer

Abu Dhabi Commercial Bank; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading bank in the UAE is seeking an experienced professional for a role in Banking Operations. You will be responsible for managing NAV calculations, securities transactions, and ensuring adherence to regulatory standards. The ideal candidate has at least 3 years of banking operations experience and a Bachelor's degree. This role offers a competitive salary, comprehensive benefits, and flexible working arrangements.

Benefits

Competitive Salary

Comprehensive Benefits Package

Flexible and Remote Working Options

Learning and Development Opportunities

Qualifications

• At least 3 years of experience in Banking Operations.
• Knowledge of Securities (Investment) products.
• Understanding of Wealth management products/services.

Responsibilities

• Process NAV calculations, fund activities, and prepare regulatory reports.
• Manage subscription/redemption/transfer of investment securities.
• Ensure industry standards in investment back office processes.

Skills

Banking Operations

Investment Product Knowledge

Wealth Management Systems

Education

Bachelors Degree in related field

Job description

Description

Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area

GBS is a group of highly skilled and talented professionals who form an essential part of ADCB's continued journey of success. With a proud history of commitment, innovation and delivery, GBS constantly strives for excellence whilst ensuring the highest standards of quality and risk awareness. Each and every member of the GBS family plays an integral role in driving ADCB's strategy, growth and digital evolution by working closely with our valued business partners to achieve exceptional customer experience through our outstanding service and support.

We are actively seeking an ambitious professional to join our team at ADCB to work alongside passionate colleagues who share your ambition to redefine excellence in UAE banking.

In this role, your key responsibilities include

• Process Net Asset Value (NAV) calculations, fund activities, journal entries, accounts and prepare regulatory reports to ensure essential standards in administration of ADCB in-house mutual funds.
• Process subscription / redemption / transfer of all types of investment securities in order to support investment activities of wealth management group to the required standard.
• Process settlements, portfolio maintenance and valuation, corporate actions, custodial activities, reconciliations, fees and reports to ensure industry standards of investment back office.
• Process internal vouchers and external remittances on First Call Resolution (FCR) in order to support back office activities.
• Adhere to all relevant organisational and departmental policies, processes, standard operating procedures and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders.

The ideal candidate should have the following experience

• At least 3 years of experience in Banking Operations.
• Bachelors Degree in related field
• Securities (Investment) product knowledge
• Wealth management product / services knowledge
• Wealth management systems knowledge

What we offer

• Competitive Salary : Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package : This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options : We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities : We value and facilitate continuous learning and personal development, through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-Learning catalog, on-the-job training and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.