Specialist- FXMM Confirmations

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 80,000 - 100,000; Full time

Job summary

A leading financial institution in Abu Dhabi is seeking a detail-oriented candidate for a Fulltime position focused on FX/MM/Islamic products. The role entails ensuring precision in trade validations, coordinating settlements, and preparing accurate reports. Applicants should possess a Bachelor's degree and at least 1 year of experience in the banking sector. The position does not offer remote work, thus necessitating a commitment to on-site duties in a dynamic environment.

Qualifications

• 1 year relevant experience in the banking sector.
• Strong understanding of FX/MM/Islamic products.
• Ability to handle multiple tasks under pressure.

Responsibilities

• Ensure correct settlement instructions for FX/MM/Islamic products.
• Coordinate with FX/MM Settlements team for timely payments.
• Assist in preparation of accurate statements and reports.

Skills

Communication

Problem-solving

Attention to detail

Education

Bachelor's degree or related discipline

Tools

Murex

Swift Alliance

Bloomberg

Job description

JOB PURPOSE

To ensure FX/MM/Islamic products deals have captured correct details and settlement instructions counterparty confirmations have matched with our deal details thus enabling error free settlement of all deals in a timely manner to prevent any loss/penalty to the Bank.

To ensure deal details of all deals are matched through electronically established confirmation matching system Matcher manager/Misys/FXall or to ensure all received document confirmations have been checked and match with the deals in Murex.

Successfully coordinate with FX/MM Settlements team for work by preparing payments manually or post accounting entries ensuring all deals are settled before the related currencys cut off time.

KEY ACCOUNTABILITIES

Policies Systems Processes & Procedures

• Follow all relevant departmental policies processes standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.
• Demonstrate compliance to organizations values and ethics at all times to support the establishment of a value drive culture within the bank.

Continuous Improvement

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

Reporting

• Assist in the preparation of timely and accurate statements and reports to meet department requirements policies and quality standards.

Job Context

• MM/FX/ISLAMIC trade validation/ Matching and after ensuring that all deal details input by dealer are correct for entities i.e. FAB ADFAB LONDONFAB HONG KONGFAB OMAN AND FAB CAYMAN etc.
• Monitor and update commercial payments log sheet
• Prepare MT103 in swift alliance related to treasury trades and submit to Payments team to release when needed.
• Prepare MT 103/202 manually in NBADFTS when required.
• Amend NBADFTS AED payments for MM/IMM maturity deposit deals
• Monitor all group emails and ensure that appropriate action is taken
• Monitor trades with missing SSI prepare SSI forms submit to RDG team and followup
• Liaise with the dealer for any missing deal to be booked
• Follow up with the trader via email/phone if the deal is booked incorrectly and for any amendment required
• Monitor auto emails generated from Murex in manual doc confirmation email inbox and ensure that confirmations are send to relevant C/P
• Check confirmations received/sent in unmatched status in Matcher manager/Misys/FXall/Bloomberg/ ... etc. and send chasers when needed.
• Input ADIA/FAB Cayman/FAB London CLS positions manually in Murex When Position gets changed in HSBC NET or if required
• Prepare manual confirmations when needed
• Handling commercial payments by scanning settlement instructions to via email
• Ensure that trade validation and Matching queues in MUREX are clear at EOD
• Ensure that swift modification queues are clear at EOD for all entities i.e. FAB ADFAB LONDONFAB OMANFAB HONG KONG and FAB CAYMAN
• Prepare Islamic confirmations both swift and document format
• Validate /Match payments from Murex after checking status in Matcher manager/Misys/ FXall/Bloomberg/HSBCNet ... etc.
• Verify signatures in Intellect and T24 when needed
• Liaise with GM Clients and other GMO desks any other department/branch in the bank
• Liaise with Investigations team for any customer query
• Take part in all shifts (5AM till 9 PM) duty as required and prepare the shift schedule for the teams.
• Support AVP & Manager with all requirements such as reporting/QPR update/SOP/KRI/Audit/STP report/Capacity/KPI etc.
• Manual posting of Intellect/T24 entries when required.

Qualifications

Minimum Qualification

• Bachelors degree or related discipline.

Minimum Experience

• 1 year relevant experience in the banking sector

Remote Work

No

Employment Type

Fulltime