Specialist, Product Control & Middle Office

First Abu Dhabi Bank FAB; Abu Dhabi; Presencial; AED 446.000 - 781.000; Jornada completa

Descripción de la vacante

The Specialist Product Control at FAB in Abu Dhabi is responsible for establishing risk management controls and ensuring compliance with bank policies. The role analyzes assets under management (AUM) for Elite & Private Banking, producing the monthly AUM MIS across multiple source systems and validating data accuracy.

You will coordinate with Central Finance and Wealth teams, support IT projects, manage product data as the golden source, and guide teams on product setup, valuation policy, and

Formación

• Bachelor's degree in business administration, commerce, economics, banking or finance.
• Minimum 5+ years of experience in investment product, finance, accounts, IT and project management roles.
• Strong knowledge of investment processes, trade and settlement.

Responsabilidades

• Create the monthly Asset under Management (AUM) MIS report across multiple source systems with checks for data accuracy.
• Coordinate with Wealth and other cross-functional teams for data migration, UAT, and project cutovers.
• Monitor and ensure end-to-end trade lifecycle settlements are completed.
• Provide guidance on product governance, valuation policy, and lifecycle management.
• Lead cross-functional projects to improve efficiency and governance in product control.

Conocimientos

Investment product

Finance

Accounts

IT

Project management

Leadership

Educación

Bachelor's degree in business administration / commerce/ economics/ Banking or Finance

Herramientas

Bloomberg

Advent

Core banking system

Wealth management systems

Descripción del empleo

JOB SUMMARY

The Specialist Product Control is responsible for the adoption of adequate risk management controls compliance amp sustainability oversighting of key activities and implementation of projects The Specialist will ensure to work in close association with coverage and various cross functional teams to mitigate various investment risks and rebalance in accordance with the banks policies Additionally they are held accountable to ensure the bank s practices are precisely executed in accordance with the legislation and industry standards Under this role analyzing the assets held under management AUM for Elite amp Private Banking is channelized through the creation of the MIS report In continuance various ad hoc reports is created to suit the demanding requirements of senior management enabling key decisions and business strategies to be based from this report This function correspondingly works long with financial control team to ensure appropriate accounting with Central Finance Team for AUM and revenue recognition Establishment of various business processes and ensuring that the process execution is aligned with audit and compliance requirements Identifying of existing business laps and providing corrective measures to mitigate any incidence or risk The Product Control team acts as an independent control function warranting compliance to Target Operating Model in terms the integrity of investment related products set up alongside valuation of existing products Specialist maintains the oversight on E2E life cycle of the product and recommends enhancement depending on any dynamic requirements rising due to change in banking policy market regulatory body.

KEY RESPONSIBILITIES

Strategic Contribution

Solely responsible for creating the monthly Asset under Management MIS report covering multiple source systems with multiple levels of sanity checks and amendment to ensure data accuracy Analysis with respect to the movement in AUM demonstrated in the report and providing sufficient evidence on the current positions for Elite amp Private banking Responsible to manage product database as single source of all investment products as golden source of product categorization including various parameters Coordinate to ensure availability of Wealth dash board for management to envisage portfolio 360 view across various business parameters Supports in various transformational IT projects in a role of Business representative for UAT data migration and cut over projects and other related transformation projects Actively participate in decision making processes during implementation of various bank wide projects within EPB business Responsible for coordination in training for EPB process implementation Monitoring and ensuring the complete settlement of all end to end trade lifecycle Actively responding back on all investment and trade related queries internally amp externally Counter parties.

People Management

Engage collaborate bank wide stakeholders to contribute in establishing E2E product process as applicable to EPB business Point of escalation for teams coordinating with TED with respect to booking of trades Engage and coordinate with various ops teams for execution settlement client reporting related issues Point of contact and communication channel with various platform product providers Allfunds Indian banks Global Market amp counterparties etc Engage coverage team in investment product knowledge set up valuation and reporting and to help the business to address client complaints queries.

Budgeting and Financial Planning

Coordination with Central Finance team Business Management with tracking of product profitability and vis- -vis to RM revenue which provides required input in making appropriate budgetary activities.

Policies Systems Processes and Procedures

Go through with local regulatory requirements and anticipating what is needed Make policies and processes in line with local and applicable regulations along with bank wide stakeholders Monitor established due diligence and E2E product process and recommend improvements to appropriate stakeholders Day to day management of intra-bank stakeholders and third-party entities that deal with FAB Lead in new product set up and maintenance review product approval product risk ratings and manage valuation policy Provide guidance and support to the team to enhance build governance and operational framework around sourcing select structuring development of investment products and solutions Lead and engage in completion of various critical projects to improve efficiency of the business workflow resulting in superior customer satisfaction.

Lead Generation and Sales Management

This function is not directly related to customer facing activities and therefore it is de-scoped.

Sales Velocity and Process Control

Engage collaborate bank wide stakeholders to contribute in establishing E2E product process as applicable to PB amp Elite Process creation and amendments as and when required in order to bring efficiency based on coverage feedback Provide guidance for client servicing of omnibus investment deals and address any investment related issues with coverage.

Customer Relationship Management

Managing coverage queries and complaints which stems from client complaints and provide them with appropriate direction Be the point of escalation for dissemination of daily product valuations through appropriate modes Ensure availability of product documents through intranet including various investment tools yield calculator etc Guidance in analysing operational loss incidents to suggest remedial actions to Business Heads for suitable closure Analysis and maintenance of investment product portfolio AUM and revenue Coordinate for coverage in products and process training Point of escalation for coverage with interim client reporting client P amp L occasional retrieval of call back and due diligence document Provide guidance and coordinate through escalation on investment deals that are processed through multiple back offices Wealth Ops AMO TBO Custody Ops Fund Admin Ops CAD.

Minimum Qualification

Educated to a minimum of bachelor's in business administration / commerce/ economics/Banking or Finance. Ability to operate independently and positively motivate a team.

Minimum Experience

Minimum of 5+ years of experience in combined fields of investment product, finance, accounts, IT and project management roles.

Advanced Knowledge

The investment management business, product structures and investment processes, trade and settlement processes Good Knowledge of retail banking and brokerage model.

Specific Skill

High order reasoning and decision-making, involving the interpretation of product program, audit and compliance policies for investment. Working knowledge of system development life cycle (SLDC) and software implementation including hands on experience of systems like Bloomberg, Advent, core banking system, wealth management systems Proven track record of successfully leading projects till the end with strong Project management skills.

Ability

Organize, prioritize, manage, and track multiple detailed tasks and assignments, including those delegated, to complete work efficiently. Ability to work with multiple teams and if requires to lead a team Demonstrate positive attitude, excellent relationship skills and networking with counterparties Accountable for deadlines, attention to detail and delivery driven Operate independently with least amount of supervision Coach and train team colleagues to enable them to grow within the organization.