OFFICER - Treasury and Investment Operations
Union National Bank
Total des années d'expérience :16 years, 8 Mois
• To independently handle complete operation area of Investment desk (Proprietary and Client Desk).
• Ensure timely and accurate trade capture, matching, clearing, and settlement of bank’s products - Bonds, Euro Bonds, Sukuk, US Treasury Bonds, REPO & Reverse REPO, Money Market, Derivatives and related maturities, coupons, redemption, Mark to Market revaluation, Interest Rate Swaps, Liquidity management and all other corporate actions as per International Standards.
• Facilitate client on-boarding and portfolio opening, additional portfolio funding, and cash and asset transfers.
• Handing deal processing and settlements for Wealth management clients and Voluntary Employee Saving Scheme.
• To manage efficient processing of all existing and new investments i.e. equities and fixed income, through proper checking of deal details, limits, counter-party instructions and reporting.
• Equities deal processing and accounting for UAE Markets, US Markets and European Markets.
• Monitoring of daily cash positions, Nostro Management, and Custody reconciliation for Investment Desk (Proprietary and Client Desk).
• Reconcile cash and position of the bank’s various products versus broker and/or custodian.
• Calculate NAV, process subscription and redemption requests for In house Mutual Funds.
• Preparation of MIS reports like performance and control reports of various portfolio plans to provide feedback to top management on financial performance of the Investment Desk (Proprietary and Client Desk).
• Periodic reporting of banks financial assets limits & exposure monitoring - country, sector, issuers to Central Bank of UAE.
• Facilitate client on-boarding and portfolio opening, additional portfolio funding, and cash and asset transfers
• Monitoring and reviewing of Treasury Profit & Loss, fixed income position limits, Treasury risk reporting, Credit limits and Stop loss Limits.
• Attending internal and external auditors.
• Assist management in compiling audit requirements, time and motion studies, Business Continuity Plan / Process and process improvements.
• Continuously look for process improvement initiatives & implement.
• Process redemption and withdrawal of UNB’s (VESS) Employee Provident Fund
• Calculate and process brokerage, custody, mark-up, performance, administration, and management fees
• Monitor and process dividend, coupon, redemption entitlement, and ADR fees
• Manage the correspondent banks' cash balance by timely sending and recalling funds; reconcile Nostro and correspondent banks' accounts
• Process corporate action entitlements; obtain client instruction for optional corporate action, mandatory with option corporate actions, litigation settlements, and tax disclosures
• Design and generate reports and portfolio statements as per PB&WM, Asset Management, and client request
• Assist management in compiling audit requirements, time and motion studies, BCPs, and process improvements.
• Preparing reports for government entities i.e. Securities and Commodities Exchange, Central Bank of U.A.E.
- Treasury and Investment Back Office Operations / Share Registrar Services / Sukuk Services
• Generate Money Market & Forex Rate including Gold rates, Base rate & Flexi Deposit rate and updating into the system.
• Preparing instruction for transfer of funds and letters to other Banks related to Bank Placement, Bank Borrowing, Settlement of Borrowing, Forex deals and Repo/Leverage deals and transaction processing.
• Monitor and make necessary follow ups for transactions/deals executed through FH Securities.
• Track all coupon payments and follow up with counter-parties for the settlement of trades.
• Share Register takeover process.
• Transfer of Ownership, Generation of Statement of Accounts and Allotment processing.
• Blocking or Release of Shares.
• Annual General Meeting and Corporate Action i.e. Bonus Dividend, Rights, Cash Dividend processing.
• Transfer of Ownership of Sukuk.
• Generation of Certificates, Blocking or Release of Sukuk, Valuation certificate to Sukuk holder and Sukuk Profit distribution.
Projects:
- Participation in an IPO as the receiving bank.
• Worked in Central Processing team.
• Prepared procedure documents for IPO processing.
• Ensure operational procedures are followed and that tasks are completed in an accurate and timely manner
- Business Mobilization System
2) PROCESS SUPERVISOR - Settlement & Support Services (UAE Market) Oct. 2008 - Oct. 2010
CAREER ACHIVEMENTS
• Participated in setup of the following MENA region processes:
UAE
QATAR
SAUDI ARABIA
NASDAQ DUBAI
• Created setups with help of support team to increase the STP rates of trades to 100%.
• Conducted UAT and Client connectivity testing for UAE, Qatar, Saudi Arabia and NASDAQ Dubai Markets.
• Successfully conducted client testing for Qatar testing.
• Received “Star Award” for the month of January and April 2009 for handling the process efficiently and also have received “Spot Award” for the month of January and April, 2008 for handling high volumes
WORK EXPERIENCE
• UAE Settlement Process
Objectives attended while on Process
Manual captures of trades in DB trader
Repair Queue - editing/verifying the non STP trades in db trader
Manual settlement of trades in DB trader for current value date
Clearing trades stuck in Transaction Exception Queue
Sending Status update to clients on messages
Cancellation of trades and/or settlement
Reconciliation
• Corporate Action
Capturing of events - Bonus, Dividend, Spin Off, Rights Issue and Stock Split
Processing of events - Dividend, Bonus and Spin off, Rights and Stock Split
Processing proxy voting instruction received from client and sending the same to the meeting agents
• Maintaining static data for the front office & back office, which involves:
Account opening
Securities Mapping
Price update.