Key Responsibilities  

• Operational Module Development & Risk Mitigation:

  • Participate in building and enhancing the operating module to ensure successful settlements processing, avoiding losses and penalties, and mitigating operational, financial, and reputational risks.

• Portfolio & Instrument Approval:

  • Check and approve the creation of portfolios, instruments, brokers, and other relevant entities in the operations system.

• Corporate Actions Monitoring & Approval:

  • Monitor corporate actions daily and ensure that the necessary actions are performed by the operations officers. Approve created events on the system.

• Reconciliation Management:

  • Ensure reconciliation is completed on time and accurately, signing off on processes and resolving any discrepancies.

• Process Monitoring & Issue Resolution:

  • Ensure the timely and accurate processing of all operations. Address any settlement issues or discrepancies, escalating unresolved issues to the Head of Operations.

• Reporting:

  • Ensure timely and accurate production of required reports, including daily, weekly, and monthly reports as per the Financial Regulatory Authority (FRA) guidelines.

• Cash Transaction Review:

  • Review daily cash transactions and resolve any discrepancies that arise.

• Settlement Execution:

  • Oversee the settlement of stock executions on the settlement date within the operations system.

• MCDR System Approval:

  • Approve allocations in the MCDR system (Registered Owner and Beneficial Owner).

• Currency & Price Updates:

  • Approve currency and price updates in the operations system.

• Document Filing & Archiving:

  • Ensure proper filing and archiving of documents in line with company policies.

• Incident Reporting:

  • Report incidents and issues to the Head of Operations, ensuring compliance with audit standards and providing necessary resolutions.

• Client Query Resolution:

  • Ensure timely responses to clients' queries related to settlements and operations, and handle calls to explain processing procedures as needed.

• Process & Product Development:

  • Participate in the development and implementation of processes for new products and modifications in existing market settlement procedures.

• Team Management & Development:

  • Supervise and manage the assigned team, ensuring tasks are carried out efficiently and in accordance with operational policies.

  • Provide on-the-job training and constructive feedback to support team members' development.

• Cross-Department Collaboration:

  • Work with internal departments and external stakeholders to manage projects, re-engineer processes, and reduce manual activities.

• Portfolio Review & Policy Alignment:

  • Review fund investments and ensure they align with the agreed and approved investment policies.

• Leadership & Ethical Standards:

  • Promote the organization’s values and ethics to support the establishment of a value-driven culture within the team.

• System Upgrades & Project Participation:

  • Participate in system upgrades, understand project requirements, and actively contribute to system changes that enhance operations.

• Client & Product Requirement Analysis:

  • Understand new client requirements and products, discussing necessary changes with relevant teams to ensure alignment.

• Risk Mitigation:

  • Apply checks and controls as per detailed procedures to mitigate operational risks.

• Qualifications

• Bachelor's degree in Finance, Accounting, or related fields.

• Minimum 4 years of experience in asset management.

• Strong communication and interpersonal skills.

• Excellent verbal and written communication skills in English and Arabic.

• Proven leadership and management skills, with the ability to guide and develop a team.