Associate Cheque Clearing Abu Dhabi Commercial Bank

Associate Cheque Clearing at Abu Dhabi Commercial Bank is responsible to process and clear cheques in accordance with established procedures and standards, ensuring accuracy and efficiency in cheque processing operations.

Responsibilities of Associate Cheque Clearing

• To execute day-to-day operational activities for HNW / Private Clients / Private Accounts & Onshore Investment Accounts for Individuals and ensure that overall level of operational controls in the dept. are met in adherence with the Bank Policies & Procedures.
• To adhere to Compliance practices that are applied in Wealth. Management Account Services Unit internal as well as external policy and regulatory requirements.
• Ensure proper documentation and processing of all transactions in Wealth Management Account Services Unit.
• Perform tasks given in a timely manner as per agreed TATs.

Opening Onshore Investment Accounts for all segments / bank-wide thru’ ITQAN

• Receiving, Verifying & Processing of Onshore Investment Account Opening requests for individuals received on ITQAN as per agreed TATs.
• Check / Ensure if the documentation is in order in terms of eligibility, nationality, FATCA, CRS etc.
• Setting-up accounts on FCUBS in different currencies [AED, USD, other foreign currencies] for all segments and all types of portfolios (Execution only, Advisory, Discretionary, ADCB Select & ADCB Managed) with minimal / zero operational errors.
• Check / Reconcile relevant EOD Reports.
• Maintaining and Updating Rejected List on a Daily Basis.

Conventional Fixed Deposits of Excellency Customers / Private Accounts / Private Clients / WMO Clients Bank wide thru’ ITQAN

• Opening / Closing / Maintenance of high value Conventional TD A/c’s of HNW / Private Accounts / Private Clients as per agreed TATs.
• Check / Ensure documentation is in order / appropriate approvals are provided for special interest rate / back value of TDs.
• Process opening of Fixed Deposits on FCUBS.
• Process maintenance / renewal of Fixed Deposits on FCUBS.
• Process redemption / closure of Fixed Deposits.
• Keeping track of maturities of all types of Fixed Deposits for Private. Accounts and ensuring their timely renewals for any Special Interest rates.
• Maintaining and Updating Rejected Items List on a Daily Basis WMO Clients.
• Opening / Closing / Maintenance /Renewal of Fixed deposit portfolio for WMO clients and maintenance of relevant records.
• Ensure appropriate approvals are obtained for Special rates / exceptions.
• Ensure timely lodgment of original documents with Docman / Archives.

Islamic Term Investment Deposits and Wakala Deposits of Excellency Customers / Private Accounts / Private Clients Bank wide thru’ ITQAN

• Check / Ensure documentation is in order as per Sharia requirements and appropriate approvals are provided for special interest rate / back-value of TDs.
• Process opening of Islamic Term Deposits / Wakala Deposits in FCUBS Process maintenance of Islamic Term Deposits / Wakala Deposits in FCUBS.
• Process redemption (premature / on maturity) of TID’s and Wakala Deposits.
• Maintenance / updation of relevant records.
• Maintaining and Updating Rejected Items List on a Daily Basis.

TD Renewals / Changing Rates:

• Printing daily Maturity Report for TDs through ODS for Excellency Customers / Private Accounts / Private Clients.
• Checking of individual TD details in order to change the rates accordingly (if required) as per Circular.
• Ensure relevant / appropriate approvals are obtained for special rate as per Delegation Matrix.
• Untick Continue Variance on Rollover for FDs to ensure its renewed at rack / circular rate.

Requirements of Associate Cheque Clearing

• A suitable university degree is desirable.
• 3 years in banking with a proven record in customer.

Skills and Knowledge Desired

• Full understanding of the policies and processes.
• Very good communication skills.
• Good written and spoken English.
• A good knowledge of MS office / Excel is essential.

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