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Asset Management Operations Officer

Job Summary

As an Asset Management Operations Officer, you will be responsible overseeing various operational aspects within asset management. You will be handling tasks such as portfolio and cash account management, client contract and event management, entitlement management, financial transaction management, obligation management, compliance, reporting, and reconciliation. And other operational-related tasks.

Key Responsibilities:

  1. • Portfolio and Cash Account Management: Open portfolios and initiate cash account opening requests with the bank. Review client data generated by the Bokra application in the operation system and validate its accuracy. Issue and update unified codes in the EGX system

  2. • Client Contract and Event Management: Review client contracts, and define agreed tariffs on the operations system after approval from the investment manager. Monitor corporate action events from primary market sources, record details, and update the operations system accordingly. Ensure entitlements are generated for entitled clients on the record date, reconcile against depository records, and make necessary adjustments.

  3. • Financial Transaction Management: On pay date, request payment for events from the market depository, including tax details for each client, monitor fund receipt, and arrange credit to entitled clients' cash accounts. Monitor and act upon voluntary events based on client instructions (e.g., meetings, IPOs, rights issues). Create new instruments/products with full details in the operations system.

  4. • Trade Confirmation and Rate Monitoring: Confirm trade details with investment managers and counterparties, and report any mismatches. Daily check of call account and time deposit rates with banks. Collect company-agreed commissions monthly and deduct them from clients' cash accounts.

  5. • Cash and Funding Management: Monitor funding and cash availability for clients, and execute as needed on a daily basis. Manage net obligations from/to settlement account, take necessary cash actions, and update client cash accounts accordingly. Ensure compliance with all applicable laws, regulations, and internal policies.

  6. • Reporting and Reconciliation: Report any incidents involving actual losses or procedural lapses. Prepare required reports for internal and external stakeholders. Reconcile cash transactions with bank accounts and report discrepancies to management.

Qualifications:

• A bachelor's degree in finance, economics, business administration, or a related field is typically required. A master's degree or professional certification (e.g., CFA, CIMA) may be preferred.

• Excellent written and verbal communication skills are necessary for effectively communicating with clients, team members, and external stakeholders.

• Strong analytical skills are essential for analyzing financial data, identifying trends, and solving complex problems related to asset management operations.