Job Description

Roles & Responsibilities

To ensure that all Capital Markets related transactions executed by the Global Markets department are successfully matched, validated, confirmed and settled within the agreed timeframes in the appropriate systems. To ensure that all life cycle events are captured, booked and instructed accurately. To monitor all breaks derived from the reconciliation report, to resolve them and to escalate where necessary. Products handled by Capital Markets team include: Bonds Structured Bonds Equity Repo, Reverse Repo, Islamic Repo, Equity Repo & Triparty Repo MBills and TBills Coupons and Dividends Collateral securities, Collateral cash and Initial Margin Collateral Loan TRS HNI settlement for Bonds, Equities, Gold Bullion and corporate action.

KEY RESPONSIBILITIES

Teamwork

Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy. Promote the organization s values and ethics in all activities within the team to support the establishment of a value drive culture within the bank.

Policies, Systems, Processes & Procedures

Provide inputs and implement policies, systems and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

Prepare sectional statements and reports timely and accurately to meet FAB and department requirements, policies and quality standards.

Specific Accountability

Staff must be accountable for accurate and timely Validation, Confirmation, Matching & Settlement of all securities traded by Global Markets team. Staff must make informed and educated decisions about how to deal with the problems encountered, and must be aware of when it is necessary to escalate issues to management. Staff will be required to regularly communicate, interact and problem solve with the Banks Global Markets clients who are sophisticated investors so it s imperative they are professional, knowledgeable and take ownership of any issues whilst ensuring the client is kept informed at all times. Staff will be required to service the Operational requirements for various international FAB offices, specifically but not limited to London, Hong Kong, Oman, Singapore and Cayman Islands. Staff should be aware of and adhere to any regulations as defined by the jurisdiction in operation.

The Validation & Confirmation of Global Market Trades

Ensure all security transactions executed by the Global Markets trading team are validated within the agreed turnaround time within Murex. Ensure all trade confirmations are sent to the Counterparties within the agreed turnaround time. Ensure all deals matched through Omgeo system are allocated to on-boarded funds. Ensure all Securities trades are uploaded into Euroclear, Clearstream, JP Morgan and Stanbic ready for settlement.

The Settlements of the Global Market Trades

Ensure all trades booked in Murex are matched on the agreed value date. Transfer the net settlement amount to the custodian account before the cut off time. Follow up with the Counterparties for all unsettled or unmatched trades. Help in resolving all reconciliation issues. Ensure all coupons and corporate actions are settled on time.