Assistant Manager– Treasury Back Office & Correspondent Banking - Operations
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Key skills for this role
About the Role
United Arab Bank seeks an Assistant Manager to lead Treasury Back Office operations and correspondent banking. The role involves supervising daily functions, verifying transactions, and ensuring compliance with bank policies.
Key Skills for This Role
Responsibilities
- Prepare operations guidelines and procedures for Treasury Back Office operations and reporting systems
- Verification of all transactions made by Treasury Front Office and validated by Officer Back Office
- Carry out payments and confirmation events in the system to generate settlement and confirmation messages
- Authorization and transmission of payment and receipts messages related to Foreign Exchange, Money Market and Derivative Operations
- Validation, Authorization and transmission of confirmation messages related to Interbank and corporate deals
- Verification and authorization of vouchers related to manually processed deals
- Input and validation of daily rate fixing in the system
- Generate reports related to Treasury and Corporate deals and provide to concerned departments
- Verification of all control reports for Treasury Operations
- Processing of Mark to market revaluation of all derivative operations and capital market instruments and related entries
- Verification and authorization of the monthly accruals of interest and premium on derivatives and debt instruments
- Verification and authorization of the centralized local AED payments in Central Bank system
Requirements
- University Graduate
- Minimum 5 years of experience in Treasury Back Office operations including 2 years in supervisory capacity
- Experience in Banking Operations
- Specialization in settlement processes of various Treasury products including derivatives
- Understanding of various documentations under Treasury (ISDA/CSA/GMRA/ISMA)
- Exposure in maintaining relationship with correspondent Banking relationship within international Banks
Full Job Posting
Job Purpose
- To lead, supervise and control the department’s daily functions in compliance with bank’s policies and procedures.
- Display UAB values of Integrity, Customer focus, Competence, Consistency and Courteousness.
- Timely reporting to concerned parties on all Operational Risk, Fraud and AML issues.
Principal Accountabilities
- Prepare operations guidelines and procedures for Treasury Back Office operations and reporting systems.
- Verification of all transaction made by the Treasury Front Office and validated by Officer Back Office.
- Carry out the payments and confirmation events in the system to generate settlement and confirmation messages.
- Authorization and transmission of payment and receipts messages related to Foreign Exchange, Money Market and Derivative Operations.
- Validation, Authorization and transmission of confirmation messages related to Interbank and corporate deals.
- Verification and authorization of vouchers related to manually processed deals.
- Input and validation of daily rate fixing in the system.
- Generate reports related to Treasury and Corporate deals and provide to concerned departments.
- Verification of all control reports for Treasury Operations.
- Processing of Mark to market revaluation of all derivative operations and capital market instruments and related entries.
- Verification and authorization of the monthly accruals of interest and premium on derivatives and debt instruments.
- Verification and authorization of the centralized local AED payments in Central Bank system.
Job Requirements (Qualification/Experience)
- University Graduate
- Minimum of 5 years of experience in Treasury Back Office operations including 2 years in supervisory capacity.
- Experience in Banking Operations.
- Specialization in settlement processes of various Treasury products including derivatives.
- Understanding of various documentations under Treasury (ISDA/ CSA/GMRA/ISMA).
- Exposure in maintaining relationship with correspondent Banking relationship within international Banks.
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