NBK Wealth is a world-class wealth management group and part of the NBK Group - one of the Middle East's largest financial institutions. We offer holistic solutions that aim to protect and grow our client's wealth and strive towards having a positive impact and building legacies for our clients and generations to come. We follow a holistic client-centric approach to deeply understand our client's needs to offer the best solutions.
NBK Wealth is recruiting for a Senior Officer - MENA Asset Management Operations for its Operations team in Kuwait.
Job Summary:
Responsible for supporting daily back-office activities and liaising with internal and external parties to ensure instructions are executed in a timely manner according to internal policies and procedures, best practice and ensuring compliance.
Key Responsibilities:
- Enter and update all portfolio activities, including trades, cash movements, dividends, and security transfers accurately in the system.
- Review trade tickets from portfolio managers, verify details against counterparty confirmations, and ensure timely posting to client portfolios.
- Conduct daily and weekly cash and securities reconciliations using statements from banks, brokers, and clearing agents to safeguard client assets.
- Monitor corporate actions and ensure timely communication with portfolio managers, as well as proper recording and followup on distributions and fee collections.
- Maintain organized and accessible records to support audits, regulatory reviews, and client inquiries.
- Prepare periodic operational reports for clients, management, and regulatory authorities.
- Escalate issues promptly to the line manager or relevant stakeholders to ensure efficient resolution.
- Follow up on all correspondence and client inquiries, preparing reply to letters and supporting documentation when required.
Qualifications:
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Minimum of 34 years of experience within a financial institution; prior experience in investment operations is an advantage.
- Strong attention to detail with the ability to manage multiple tasks efficiently.
- Familiarity with operational standards and industry best practices.
- Solid understanding of financial instruments, investment funds, and market benchmarks.
- Proficiency in both English and Arabic.
- CMA qualification is required.
Only applicants who meet the strict criteria outlined above will be contacted as part of the shortlisting process.
