Senior Officer- Wealth Investment Services (Emiratized role - Part time)

First Abu Dhabi Bank; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

Join a leading financial institution and take on the role of Sr. Officer, where you will be at the forefront of processing investment applications. This position is pivotal in ensuring compliance with bank policies while enhancing operational efficiency. You will collaborate with various departments, manage client relationships, and contribute to process improvements. If you're passionate about finance and looking to make a significant impact in a dynamic environment, this is the perfect opportunity for you to grow your career and make a difference in the financial sector.

Qualifications

• Bachelor’s degree in Finance or Accounts is preferred.
• Strong knowledge in investment processing and compliance.

Responsibilities

• Process investment subscriptions and redemptions efficiently.
• Collaborate with various departments to enhance customer service.
• Prepare periodic MIS and business reports for wealth operations.

Skills

Investment Processing

Client Relationship Management

Compliance Knowledge

Process Improvement

Education

Bachelor’s degree in Finance/Accounts

Tools

Wealth Management system (alpha)

SNG

Citrix

T24

Job description

Company Description

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders, and communities to grow through differentiation, agility, and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark at a top company, in an exciting & dynamic industry.

JOB PURPOSE:

The Sr. Officer is responsible for processing all the applications with regard to Investment product’s Subscription, Redemption, Corporate Actions, and Security Transfers, ensuring the process is adhered to Bank compliance, Policies, and procedures.

KEY ACCOUNTABILITIES:

1. Minimize error rates.
2. Increase process efficiency.
3. Improvement in TAT.
4. Feedback from Stakeholders, by way of Client Satisfaction Index scores.
5. Adherence to Bank’s policies, processes, and procedures.

Job Context:

Core Responsibilities

1. Handling of the WM Investments Helpdesk.
2. Receipt and processing of the Investment Subscription and Redemption documents for all investment products in Wealth Management system (alpha) and provider websites (SNG).
3. Trade Processing, Trade Settlements, Input of Manual Trades, and other exceptions.
4. Client Import in Alpha (SNG).
5. Input of Investment Cash Account Opening/Closure, Portfolio Creation/Closure, and Account Maintenance activities.
6. Mapping the RM to the concerned clients in Citrix (SNG).
7. Call back validation for deals (SNG).
8. Price Feed upload in Alpha (SNG).
9. IPO/New Issuance processing.
10. Funds transfer to Providers for Other Products & Mutual Funds.
11. Advisory Cash Account transfers and funds block/unblock in T24.
12. AMC Maker on Alpha (SNG).
13. Liaise with the various units like Credit Admin / TED / Private Banking Operations / FCIS / Transaction Banking Operations / Compliance for processing activities.
14. Participate in all process improvement initiatives to bring efficiency and effectiveness.
15. Additional tasks assigned by the Department Supervisor/Manager.

Internal Collaboration

1. Develop positive relationships with interconnected departments (PBCAD, Products, IT, Sales Coordinators) in order to provide better service and meet customer expectations.
2. Coordinating with Internal users and IT team regarding system issues and resolving them to enhance the system.

Policies, Systems, Processes, and Procedures

1. Initiate ideas for new process developments and existing process enhancements and ensure they are implemented with the correct approval procedure adhering to Bank’s rules and regulations.

MIS and Reports

1. Prepare periodic MIS/Business Reports for wealth operations which detail the complete activities performed by the team.

People Management Responsibilities

1. Share knowledge and train another team member about the particular process or activity during cross-training and job rotation.

Minimum Qualification

• Preferably Bachelor’s degree in Finance/Accounts or equivalent.