Summary

Dubai, DIFC and Islamic Banking Operations team is in charge of the processing of Vanilla and Complex Islamic transaction either booked in Dubai or in London. The activities also include processing of Dubai offshore (DIFC/Dubai International Financial Center) and onshore under Gulf booking.

Key Responsibilities

• Ensure “Vanilla” and “Structured” Islamic confirmation processes run seamlessly and ensure the day-to-day processing are performed in an efficient and effective manner and in accordance with written procedures.
• Supervise the Islamic Banking processing activities and minimize the cost and payment associated with processing errors.
• Interact with Front, Middle and Back Offices across various Business lines in the Bank to ensure accurate trade capture and settlement.
• Liaise with GISB/ Front Office/ Compliance/ Legal/ Accounting Departments when establishing new agreements with Islamic clients, conforming to Shariah law.
• Check and validate term sheets against transactional bookings.
• Interact with both Clients and Brokers with regards to any Master Agreements issues.
• Build & maintain Islamic Confirmation Templates based on Client & Broker Master Agreements across all Islamic business lines.
• Perform Trade Management functions on Islamic Structured transactions.
• Act as Islamic Client Liaison in relation to operation functions from FO Islamic trading activity.
• Oversees daily processing and settlement of Dubai transactions mainly FXMM transactions, M Bill, CD, Derivatives/structured products and other treasury products.
• Ensure deal booking, payments and confirmations are in compliance with local regulations and the internal policy.
• Monitor daily reporting for internal control.
• Timely and effectively report to FX/MM Back-Office CMO Asia Management on all notable issues raised on processing Islamic activities
• Set-up and actively manage the liaison with GISB Front-offices
• Keep up to date the operational procedures on these activities
• Undertake ad hoc tasks, projects and special assignments from Management, when required
• Handle Shariah, Internal and External Audit

1. Communication
Key Internal Contacts
Back-Office, Front-office, Middle-office, Legal, Compliance, IT, Accounting

Key External Contacts
Brokers and counterparties for confirmation and settlement issues

2. Systems Used

Internal
Outlook, MS Office, Intranet, Calypso CIBOS, Summit, Kondor, ISIS, Omega

External
Swift Alliance, CityNet, Creation Online, Easy Way

3. Legal and Regulatory Responsibilities
• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Compliance manual and the Financial Crime Policy. Complete any mandatory training in line with legal, regulatory and internal Compliance requirements.
• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.
• Refrain from taking any steps which could lead to the removal of certification of fitness and properness to perform the role.
• Undertake all necessary steps to satisfy the annual certification process.
• Comply with all applicable conduct rules as prescribed by the relevant regulator.

Degree preferably in a Finance or Economics.

6 to 8 years of related experience in a Capital Markets Back Office in charge of processing Islamic Banking products and FXMM settlement.

-         Good hands-on knowledge in SWIFT and related operations

-         Good understanding of the processing of Capital Markets Operations and its organization

-         Excellent Risk awareness (especially operational risk)

-         Proficient in Microsoft Office

-         Good hands-on knowledge in SWIFT and related operations

-         Good understanding of the processing of Capital Markets Operations and its organization

-         Excellent Risk awareness (especially operational risk)

-         Proficient in Microsoft Office