Specialist, Asset Services
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Key skills for this role
About the Role
bankfab seeks a Specialist, Asset Services to manage corporate actions processing and custody operations. The role requires 5+ years of experience in security services, including corporate actions and settlements.
Key Skills for This Role
Responsibilities
- Responsible for the end to end corporate actions processing in accordance with regulatory and compliance requirements
- Daily monitoring and processing of Corporate Actions processes covering Domestic and Regional and International Market for both mandatory and voluntary specific corporate actions functions
- Handle moderately intricate to extremely complex corporate action events across Local, Regional, International Markets
- Reconcile client positions with respective sub custodians and markets and monitor appropriate posting of accruals and entitlements
- Track and respond to internal and external clients queries by providing clear detailed corporate actions information
- Communicate with various stakeholders like Markets, Sub Custodians, Agents, Companies, Depositories, Brokers, Issuers
- Validate swift instructions and ensure second level of SWIFT generation process
- Review processes and suggest and implement changes to enhance client satisfaction and reduce manual intervention
Requirements
- University Graduate / Bachelor’s Degree (or 5 years related work experience)
- 5+ years related experience in security services and/or back office operations e.g. managing corporate actions / securities settlements
- Solid understanding of security services and operations and accounting activity related to security services
- Ability to work under pressure, to prioritise and to manage several tasks at the same time
- Team oriented and ability to work under pressure
- Ability to achieve business objectives without compromising controls and risk parameters established
- Strong execution skills in a multi tasking mode and follow up effectively
- Self starter with excellent attitude, communication and interpersonal skills
- High level of accuracy & attention to detail and excellent team working skills
- Specific experience in Securities related functions eg Client Services, Corporate Actions, Settlement, Data Maintenance & Billing or Custody Account Opening will be an added advantage
Full Job Posting
Job Description
- As a Specialist, Asset Servicing, you will be a key player in our SSO team, dedicated to delivering exceptional custody services.
- Your expertise will be instrumental in managing client relationships, ensuring compliance, and driving the overall efficiency of our custody operations.
Key Responsibilities
- Responsible for the end to end corporate actions processing in accordance with regulatory and compliance requirements, with an increased focus on accurate and timely execution to enhance the client experience.
- Responsible for daily monitoring and processing of Corporate Actions processes covering Domestic and Regional and International Market for both mandatory and voluntary specific corporate actions functions of diverse products like equities mutual funds, fixed income , hedge fund , structured funds ,
- Responsible for handling moderately intricate to extremely complex corporate action events across Local, Regional, International Markets.
- Reconciliation of client positions with respective sub custodians and markets and monitors appropriate posting of accruals and entitlements to client accounts.
- Ensure to track and respond to internal and external clients queries by providing clear detailed corporate actions information in line with the relevant market rules and regulations and corporate actions best practise.
- Responsible for communicating with various stakeholders like Markets, Sub Custodians, Agents, Companies, Depositories, Brokers, Issuers to ensure smooth accurate timely corporate actions processing.
- Responsible to have excellent knowledge related to corporate actions swift messages and usages of the same.
- Participation in section related projects, system changes and upgrades and new client’s requirements and implementation of sub custodian / client SLA.
- Review processes and suggest and implement changes to enhance client satisfaction and reduce manual intervention and reduce overall cost.
- Asset Services: Responsible for Corporate Actions, support Tax Reclaims, Proxy Services, Network Management Support, Income Management, Reconciliation.
- Cash / FX Settlement: Review and validate all transactions inputted by the officer / another specialist.
- Position / Cash Management: Review clients’ positions and holdings daily and reconcile positions with sub custodians and market to ensure there are no discrepancies.
Minimum Qualification
- University Graduate / Bachelor’s Degree (or 5 years related work experience)
Minimum Experience
- 5+ years related experience in security services and / or back office operations e.g. managing corporate actions / securities settlements
- Solid understanding of security services and operations and accounting activity related to security services
- Ability to work under pressure, to prioritise and to manage several tasks at the same time
- Team oriented and ability to work under pressure
- Ability to achieve business objectives without compromising controls and risk parameters established
- Strong execution skills in a multi tasking mode and follow up effectively
- Self starter with excellent attitude, communication and interpersonal skills
- High level of accuracy & attention to detail and excellent team working skills
- Specific experience in Securities related functions eg Client Services, Corporate Actions, Settlement, Data Maintenance & Billing or Custody Account Opening will be an added advantage
About Us
- First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions.
- We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages.
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