Specialist- Capital Market Operations

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

Job summary

An established bank in Abu Dhabi seeks a professional for its Capital Markets team to ensure accurate transaction validation, settlement, and reporting. The role requires a bachelor’s degree and a minimum of five years of banking experience, including operational roles. Candidates must demonstrate a strong ability to communicate with international clients and adhere to compliance standards.

Qualifications

• Minimum 5 years’ relevant experience in banking, including at least 2 years in similar operational roles with increasing responsibilities.

Responsibilities

• Ensure Capital Markets related transactions are successfully matched, validated, confirmed, and settled.
• Monitor reconciliation reports and resolve breaks.
• Provide guidance and training for junior colleagues.

Education

Bachelor’s degree in Business, Accounting, or related discipline

Job description

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas, and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other, and respecting different viewpoints, we grow stronger – together.

Job Description

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 lifecycle events are captured, booked, and instructed accurately. To monitor all breaks derived from the reconciliation report, resolve them, and escalate where necessary.

Products handled by the Capital Markets team include:

• Bonds
• Structured Bonds
• Equity
• Repo, Reverse Repo & Triparty Repo
• Coupons/Dividends

Team Work

• Provide guidance and on-the-job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks efficiently, following operating procedures and policies.
• Promote the organisation’s values and ethics in all activities within the team to support a value-driven culture.
• Contribute to the development and implementation of policies, systems, and procedures for the team to ensure compliance with relevant requirements while delivering quality, cost-effective services.
• Identify opportunities for continuous improvement and sustainability of systems, processes, and practices, considering global standards, productivity, and cost reduction.

Reporting

• Prepare sectional statements and reports accurately and timely to meet FAB and department standards.

Specific Accountability

• Accountable for accurate and timely validation, confirmation, matching, and settlement of all securities traded by the Global Markets team.
• Make informed decisions and escalate issues when necessary.
• Communicate effectively with international clients, demonstrating professionalism and ownership of issues while keeping clients informed.
• Service operational requirements for various international FAB offices, including London, Hong Kong, Oman, and Cayman Islands.
• Adhere to applicable regulations based on jurisdiction.

Validation & Confirmation of Trades

• Validate all security transactions within the agreed turnaround time using Murex.
• Send trade confirmations to counterparties promptly.
• Allocate matched deals to onboarded funds via Omgeo system.
• Upload securities trades into EUCLID / Clearstream / JP Morgan for settlement.

Settlement of Trades

• Ensure trades booked in Murex match on the value date.
• Transfer net settlement amounts to custodians before cutoff.
• Follow up on unsettled or unmatched trades.
• Resolve reconciliation issues.
• Settle coupons and corporate actions timely.
• Participate in daily meetings to address concerns.
• Adhere strictly to bank policies and procedures.
• Support business development projects.
• Document and update relevant SOPs.
• Maintain daily updates of KRI reports and adhere to reporting standards.

Qualifications

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

Minimum 5 years’ relevant experience in banking, including at least 2 years in similar operational roles with increasing responsibilities.

Job Location