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About the business area
GBS is a group of highly skilled and talented professionals who form an essential part of ADCB's continued journey of success. With a proud history of commitment, innovation and delivery, GBS constantly strives for excellence whilst ensuring the highest standards of quality and risk awareness. Each and every member of the GBS family plays an integral role in driving ADCB's strategy, growth and digital evolution by working closely with our valued business partners to achieve exceptional customer experience through our outstanding service and support.
We are actively seeking an ambitious professional to join our team at ADCB to work alongside passionate colleagues who share your ambition to redefine excellence in UAE banking.
In this role, your key responsibilities include:
- To provide operational and service support to ADCB, ADCB Markets Treasury, Investments desk and FMS in Corporate & Investment Banking Group (CIBG) by
- managing, monitoring and processing activities of Treasury Operations to ensure day to day operations of Counterparty static data / legal agreements setup; collateral margining process including both variation & initial margin for Derivatives & Repo exposure; settlement of margin calls & collateral interest; dispute resolutions & collateral optimization; and Client portfolio valuation are all in line with banks policies, procedures and global market standards.
- To ensure Know Your Customer (KYC) requirements from Treasury Counterparties for ADCB subsidiaries responded in a timely manner.
- Report on the overall Treasury Operations functions related to collateral management operations & static data to provide management, finance reporting in line with the required standards.
- Ensure timely and accurate regulatory and financial reporting to Market Risk and Finance teams related to Collateral portfolio & GL account balances, Custodian & other independent reconciliation for the entire Investment holdings and Cleared Derivatives exposure of the Bank.
- Monitor operational risk issues by implementing controls around the process, within the bank's risk and incident management framework in order to mitigate risks in collateral operations and take actions accordingly.
- Constantly seek improvements to processes, reconciliations or systems across all units of Treasury Operations that enhance support and control capabilities.
- Liaise with internal departments i.e Treasury Business/Finance/Legal/Market Risk/IT/ Auditors as instructed on matters of Treasury Collateral and Static data to ensure all related functions are executed accurately and within the required timeframes.
The ideal candidate should have the following experience:
- At least 5-8 years of banking experience in Treasury Operations and Collateral Management.
- Bachelor's Degree in Finance or Accounting
- Professional certifications in Finance/Treasury Operations
- Collateral management
- Derivatives and Security instruments knowledge
- Knowledge on regulations affecting collateral management (EMIR, IM, VM, ISDA, UMR, etc)
- Treasury MIS generation
What we offer:
Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
Learning and Development Opportunities: We value and facilitate continuous learning and personal development, through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-Learning catalog, on-the-job training and professional development programs.
At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with
