OPERATIONS OFFICER –SWIFT ADMIN UNIT, Trade Finance & FUNDS TRANSFER
Abu Dhabi Islamic Bank
Total des années d'expérience :18 years, 2 Mois
• Exercise strict control and supervision in the unit to protect the sensitiveness and secrecy from any compromise.
• Handling Import Documents (Payments, Acceptance, collection documents).
• Preparation of SWIFT messages for foreign bank correspondence.
• Maintaining BIC codes, Settlements Instructions (Nostro and Vostro), Confirmation Instructions, Branch Codes, FED Rates, LIBOR rates.
• Enhance bank business transactions timely and accurately.
• Ensure to control and reduce and budget costs.
• To avoid unauthorized payments and commitments establish RMA key between ADIB and its correspondents enabling ADIB to cover worldwide relations/business transactions, reputation and growth.
• Authorize swift outward payments.
• Custodian of all bank signature books.
• Signature verifier through UAE Central Bank new signature system \[UAEASR\]/Signature Net.
• Review and authorize signature book updates and amendments.
• In coordination with IT solve any issues related to daily communication problems to avoid any penalties and financial loss.
• Restructure the policy and procedures of the unit wherever is required.
• Preparation of monthly expenditure requests and swift invoice settlements.
• Train and motivate the staff to obtain more than the required benefits for the unit.
• Designated Business Operation Officer for Iraq, Qatar and UK branch swift operational process.
• Monitor: DDA. OFAC, NAK and other queues
Centralization of all Branch Remittances
• The main objective and function for centralization of Branch back office processes in one unit is to facilitate Branches to concentrate on generation more business for the Bank.
• Assist OIC to generating and direct the section operational activities and ensure that risk is managed effectively and services are provided according to the customer requirement.
• Responsible as a(C) Authorized signatory for Checking and signing all the swift massages with highly accuracy against their source documents and make sure that all payments details are correct and executed to respective Banks.
• Responsible for release all financial/non-financial swift massages after review and sign by myself, and ensure that all financial massages are covered properly in (UAE central bank or Nosto Account)
• Informing Banks in UAE for all payments of AED one million and above to take in their central bank inward position to avoid any type of Bank risk regarding late received of the swift payments in any circumstances.
• Computing Net central bank position and coordinate with our senior dealer in H.O Treasury division informing of large movement of funds routed through central bank.
• Control and ensure that all movement of foreign currencies are advised to Foreign Banks Section
(2) Corporate Payments (Inwards/ Outwards)
• Corporate Payments executed Via Swifts: - process and prepare swift massages with their Source Documents (hard copy) routed in the department and make ensure the instructions correctness, and agreed rate of exchange applied.
• Corporate Payments executed Via Vostro Banks: - process Dirham’s and foreign payments of overseas suppliers on behalf of corporate clients through Vostro correspondent accounts
• Corporate Payment executed Via Bank Financial Authority Letters: - process and prepare all bulk and single financial authority letters and their attachments and make ensure all the attachments are correct and executed to concern banks only as per customer instructions.
• Corporate Payment executed Via Demand Draft: - process and issue with highly accuracy on all Demand drafts single or bulk against their source documents and make sure that all payments details are correct and executed to the respective banks.
• On-Line Central Bank Covering: - preparing schedule and make sure all the Swifts and Bank Financial Authority Letters are covered in Central Bank in their respective Bank Accounts before Cut-Off time, to avoid any type of Bank
• Control of Suspense Account: - control and monitor the Suspense account on daily basis, which allotted to me for the routine daily financial transaction and make sure suspense end of the day is Zero.
• Making profit and loss accounts of the firms and finalizing balance sheet.
• Preparing tax returns calculations and TDS.
• Banks statements reconciliation.
• Passing accounting entries
