Officer WM Middle Office Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank is presently accepting applications from suitable candidate for the job role of Officer WM Middle Office. The role holder is responsible to support the front line and coordinate with internal and external counterparties to ensure the efficient functioning of activities. Review and verify Client orders and ensure documents are submitted in adherence to the approved SOPs. Ensure client callbacks are conducted prior to execution. The applicant will also responsible to maintain a record of sales volumes and revenues and provide reports/MIS as per agreed SLA. In addition, they will also tasked to support WMMO Manager implementing the effective controls, periodic RCSA reviews, Control testing and annual SOP reviews. Only UAE Nationals are considered for this role.

Responsibilities of Officer WM Middle Office

• Support relationship managers in investment activities.
• Conduct a vigilant review of all investment orders submitted through the WM system such as Subscription, Redemption, payment freezing or unwinding, and ensure compliance approved SOPs.
• Ensure client’s risk profiles are matching to product risk rating.
• Monitor and Conduct client call back process for order / transaction confirmation.
• Investigate and resolve/ escalate order execution related issues in a timely manner.
• Ensure accurate review and error free entry of transaction in WM system.
• Implement and maintain efficient processing procedures with counterparties ensuring zero operational loss.
• Maintain a record of all executed order volumes, revenue, and payables
• Prepare periodic reports (trades & call backs)
• Propose process enhancements to develop and improve the business process and activities.
• Ensure to meet daily deadlines.
• Thorough knowledge of using IRIS and other systems to manage the subscription and redemptions of various products and their settlements
• Responsible for extracting the client’s portfolio statements through Wealth Management systems and counterparty systems.
• Investigate client-related inquiries and provide solutions to solve the reported issues
• Responsible for conducting weekly archive of the documents (originals client forms/ call-back sheets/ checklists)
• Tracking of the original client forms as per agreed process.
• Support WMMO manager in System enhancements, upgrades, UAT implementation
• Backing up colleagues as per business requirement.

Requirements of Officer WM Middle Office

• Bachelors degree in Business, Finance, Accounting or related field.
• 2-3 years of experience in similar role.

Skills and Knowledge Desired

• Profound knowledge towards Investment products, preferably Mutual Funds, Saving Investment Plans, Structured notes, Private Equity Investments, Sukuk etc.
• Advance Microsoft Office Skills, especially MS Excel
• Effective communication, business/performance driven.
• Ability to meet deadlines.
• Keen attention to detail.
• Effective team player.

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Tagged as: HR Officer