Specialist, Settlement Services (Al Ain)
Job Fit Check
Base Career helps you apply smarter for this job.
Key skills for this role
About the Role
First Abu Dhabi Bank (FAB) seeks a Specialist in Settlement Services to process and monitor settlements for domestic and international markets. The role involves validating instructions, ensuring timely settlement, and managing cash positions.
Key Skills for This Role
Responsibilities
- Monitor and process Settlements for domestic, regional, and international markets covering equities, mutual funds, fixed income, hedge funds, structured funds, ETFs, and securities lending/borrowing
- Receive client, market/sub custodian instructions, validate correctness, and ensure matching and settlement in a timely manner
- Communicate with clients, counterparties, markets, sub custodians, regulators, and other entities regarding settlement processes
- Handle cash management for clients to facilitate smooth settlements across all markets
- Provide first level training for new specialists and assist in handling inquiries
- Participate in section related projects such as system upgrades, processing enhancements, and off hours testing
- Ensure accurate and timely processing of client instructions and reconcile transactions
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 securities settlements/ corporate actions
- 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
Full Job Posting
Job Description
- Responsible for daily monitoring and processing of Settlement processes covering Domestic and Regional and International Market for equities, mutual funds, fixed income , hedge fund , structured funds , ETF, Local and International Securities Lending and Borrowing, Local Market Short Selling and ens
- Responsible for handling extremely complex settlement transaction across Local, Regional, International Markets.
Key Responsibilities
- Processing responsibilities include the receipt of client, market / sub custodian instructions. Validating the correctness of all instructions. Ensuring the matching and settlement of instructions in timely manner across all markets.
- Communicate with many entities Clients, Counter parties, Markets, Sub Custodians, Regulators, Companies, Brokers, Paying Agents, Issuers covering Local, Regional, Global Markets, related to settlement process, support Due Diligence visits linking to Settlement process.
- The incumbent is responsible for adhering to established quality control measures and procedures.
- Responsible to provide the first level training for new specialists and will assist specialists in handling inquiries.
- Handle the cash managements for the client to facilitate the smooth settlements across all markets.
- Active participation in understanding the Operating module, including Securities Lending and Borrowing transactions, that are large in value and complex in nature, ensuring their successful settlement processing, avoiding loss and penalties to the bank and clients.
- Specialist will participate in section related projects such as system upgrade / changes, processing enhancements and off hours system testing.
- Active participation in implementation of Settlement processing related to new clients SLA and SLD, Sub Custodian SLA, New Functions, Products, Market Rules Regulations and Procedures with relevant controls.
- Cope with market changes and subsequent upgradation of internal processes and to identify any potential risk and to create the appropriate controls.
- Responsible to coordinate and work with various internal departments and external entities and concerned persons as an integral part related to participation in Projects.
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 securities settlements/ corporate actions
- 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
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.
Apply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at bankfab
Director, Portfolio Manager
Abu Dhabi, UAE
bankfab seeks a Director, Portfolio Manager to develop and manage multi-asset portfolios aligned with client mandates and investment views. The role involves constructing portfolios, conducting cross-asset research, and
Specialist, Asset Services
Abu Dhabi, UAE
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. Strong
Mortgage Advisor - Direct Sales
Abu Dhabi, UAE
First Abu Dhabi Bank (FAB) is seeking a Mortgage Advisor for direct field sales in Abu Dhabi. The role involves promoting core products, achieving sales targets, building customer relationships, and ensuring compliant ap
Director, Government & Public Sector - UAE
Abu Dhabi, UAE
First Abu Dhabi Bank seeks a Director to manage and grow Investment Banking client relationships for UAE Government entities. The role involves financial analysis, deal origination, credit risk management, and cross-sell
Area Head - Abu Dhabi Island 1
Abu Dhabi, UAE
First Abu Dhabi Bank seeks an Area Head to manage a network of 7-10 branches in Abu Dhabi Island, driving sales and satisfaction targets while maximizing profitability. The role requires 10+ years of banking experience w
Executive Director, GM Sales - Government & Public Sector
Abu Dhabi, UAE
First Abu Dhabi Bank (FAB) is seeking an Executive Director for Global Markets Sales focused on Government & Public Sector clients in Abu Dhabi. You will originate and distribute Global Markets solutions, develop client
Mortgage Advisor - Direct Sales
Dubai, UAE
First Abu Dhabi Bank (FAB) is hiring a Mortgage Advisor for field sales in Dubai. The role involves promoting core mortgage products, achieving sales targets, building customer relationships, and conducting promotional a
AVP & Lead, CAD International
Abu Dhabi, UAE
First Abu Dhabi Bank (FAB) seeks an AVP & Lead for CAD International to supervise day-to-day tasks, monitor governance frameworks, and act as a focal point between Head Office and Country CAD teams. The role involves pre
Director, Portfolio Manager
Abu Dhabi, UAE
Specialist, Asset Services
Abu Dhabi, UAE
Mortgage Advisor - Direct Sales
Abu Dhabi, UAE
Director, Government & Public Sector - UAE
Abu Dhabi, UAE
Area Head - Abu Dhabi Island 1
Abu Dhabi, UAE
Executive Director, GM Sales - Government & Public Sector
Abu Dhabi, UAE
Mortgage Advisor - Direct Sales
Dubai, UAE
AVP & Lead, CAD International
Abu Dhabi, UAE