Head of Operations and Finance

1 week ago


Abu Dhabi, Abu Dhabi, United Arab Emirates ADIB - Abu Dhabi Islamic Bank Full time
Head of Operations and Finance

Role :
Head of Operations & Finance


Location:
Abu Dhabi**
Role Purpose:Incumbent is an experienced brokerage operations specialist who has diversified responsibilities for supervising end

Key Accountabilities of the role

A) Clients Onboarding & KYC Update:

  • Supervise the onboarding team who are dedicated for processing account opening and KYC requests as received from CS team members.
  • Ensure requests are processed with high accuracy in line with compliance guidelines and within agreed TAT.
  • Approve opening clients' cash accounts in foreign currencies for trading in foreign markets on the trading system.

B)

Operations & Settlements for local Exchanges:
[DFM/ADX/NasdaqDubai]


  • Solid understanding of SCA and local Exchanges rules & regulations.
  • Daily monitoring of trading limits & recommend up/down amendments to the value of LGs with markets.
  • Ensuring daily settlements with UAE exchanges as per defined rules & regulations,
  • Approve all EOD activities.
  • Approve periodic reconciliation between OMS clients' portfolios balances & Depository balances.
  • Approve securities transfers from Broker to CSD
  • Approve opening of settlement accounts for Cash management clients.
  • Approve the implementation of corporate actions on client portfolios as and when announced by listed companies & Exchanges.
  • Full Process of the periodic "Dormant Accounts" cycle on the system as per SCA regulations and report results to CS, Trading desk & Compliance.
  • Approve and update the periodic Sharia list on the system.
  • Own the SOP for the unit and ensure continuous update with newly implemented market procedures & practices.
  • Lead the team and keeping them updated with latest changes in the applicable laws & processes.
  • Maintain positive working relationships with the Exchanges, Regulators and settlement banks.
  • Represent the company in Exchanges communications, organized events, conferences, meetings, and workshops.

C)

Operations & Settlements for Foreign Exchanges:
[USA, KSA]


  • Solid understanding of SCA regulations for trading in foreign markets.
  • Solid understanding and implementation of different settlement procedures and practices with foreign counterparties based on the implemented setup.
  • Establish and maintain strategic relationships with business counterparties [ Brokers, custodians, data providers, etc] in foreign jurisdictions that would support a continuous business flow and negotiate best attainable pricing.
  • Build a compact Sell side DvP/RvP settlement process for Omnibus based trading activity in Foreign Jurisdictions.
  • Approve daily trade log and ensure that all trades are reported to the appointed global custodian in time.
  • Actively engage with foreign counterparty and global custodian to identify and resolve any settlement related discrepancies.
  • Approve processing corporate actions on clients' individual portfolios as and when announced by the listed company and notifications received from the custodian.
  • Feed the periodic approved Sharia traded shares list on the system.
  • Ensure daily reconciliation of clients' individual portfolios with the balance available in the custody Omnibus account and identify/resolve discrepancies.
  • Actively engages in the immediate resolution of operations and backoffice disagreements with counterparties to minimize exposure and cost to ADIB Securities.
  • Lead the team to enhance, simplify, and automate related processes in order to develop more robust and cost saving environment.

D)

Operations for Margin Trading Product:

[CA/Feeding limits/ Murabaha PTPs & Sale contracts/ Profit collections/ Margin Calls/ Credit limits expiry/ Settlements and Renewals/ daily clients reporting]

  • Approve the preparation of the CA along with necessary supporting documents and raise it to the approving parties at relevant client segment in ADIB.
  • Approve opening cash accounts on the system.
  • Approve feeding credit limits on the system and ensure clients have signed required documentations and contracts.
  • Monitor the daily utilization of the limits and ensure daily EOD positions reporting to compliance & risk.
  • Approve end of month profit calculation on every client.
- up with front line on the collection of monthly profit amounts and report delinquencies and past due.

  • Approve margin calls and ensure notices dispatched to clients.
  • Monitor credit limits expiry and actively engage with front line and compliance on settlements and renewals.
  • Ensure clients receive daily position report as required by the Regulator and Exchanges.
  • Approve periodic Market Risk parameters on the system.

E)

Accounting:

[Transactions Recording/ Banks' Accounts reconciliations / Clients' Balances & Segregation of Clients Accounts/ Shareholder's equity/ Liquidity & Working capital planning/ Revenues accrual & collection/ Vendors invoices and payments/ intercompany account management/ end of month closing & interim Audit]

  • Ensure

  • Head of Operations

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates CIMA - Chartered Institute of Management Accountants Full time

    A start-up Wealth Management and Prime Brokerage/Trading platform based in Abu Dhabi (ADGM) and regulated by FSRA is looking to hire a Head of Operations to lead the full scale development and management of the function. The platform is offering a multi-asset prime brokerage/execution services as well as asset management products to the professional and...

  • Head of Operations

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates Sundus Recruitment and Outsourcing Services, Abu Dhabi Full time

    Head Of Operations And FinanceIncumbent is an experienced brokerage operations specialist who has diversified responsibilities for supervising end- to-end back office operations of Securities starting from account opening, pre execution checks and controls, and post execution and end of day closing activities. The right candidate is also responsible for...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates TAAHEED Full time

    Section Head, Trade Finance (UAE Nationals) Jobs in Abu Dhabi, UAE by TAAHEED | Section Head, Trade Finance (UAE Nationals)TAAHEED - Abu Dhabi, UAE Posted In 4/8/2013Apply For JobApplicants3 Views4995Job DescriptionTAAHEED are currently engaged with the region's leading Banking group to assist them in attracting the talent of the future. Our client is one of...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates Events and Exhibition Company Full time

    Job Title: Finance Operations ManagerFinancial Planning and Analysis: Develop and implement financial strategies, budgets, and forecasts. Conduct comprehensive financial analysis to evaluate the organization's performance and identify opportunities for improvement. Provide strategic recommendations to senior management based on financial insights and...

  • Finance Head

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates JS Jobs Solution Pvt Ltd Full time

    Position: Finance Manager / Finance HeadQualification: CA-Charted Accountant MandatoryMinimum of 12 to 15 years in the steel/metal manufacturing industry with at least 4 years in a managerial roleKey Accountabilities: ERP Execution, Statutory Audits, Supplier ageing, VAT Refund, Credit Insurance MIS for Bank, Monthly VAT Filing, Bank Facility Management.(TR...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates ISTITUTO MARANGONI Full time

    Company Description Are you ready to join us on our exciting transformation journey at the largest bank in the UAE? This is an opportunity to make a real impact on our customers, employees, shareholders, and communities, as part of the FAB team. We're committed to our grow stronger movement, and as a member of our team, you'll have access to everything you...

  • Head of Operations

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates Non-disclosed Full time

    Head of Operations Non-disclosedAbu Dhabi, United Arab EmiratesHead of Operations Non-disclosedAbu Dhabi, United Arab EmiratesPosted 2 days agoPermanentCompetitiveA start-up Wealth Management and Prime Brokerage/Trading platform based in Abu Dhabi (ADGM) and regulated by FSRA is looking to hire a Head of Operations to lead the full scale development and...

  • Head of Operations

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates Les Roches Full time

    Head of Operations | Les Roches Abu DhabiLes Roches is a private institution based on the Swiss model of experiential learning, offering undergraduate and graduate degrees, as well as executive education, in the fields of hospitality, tourism, and event management.Les Roches Global Hospitality Education, in the top 3 for Employer Reputation of Hospitality &...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates Department of Finance Full time

    Business Analysis Manager | Department of Finance – Abu DhabiEstablished in 1962 with the objective of strengthening the financial sustainability of the Emirate, DoF is responsible for the development and execution of the Abu Dhabi government's annual budget and for overseeing government returns, expenditures, funding and liquidity. DoF does this by...

  • Head of Operations

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates Abu Dhabi Manpower Supply (ADMS) Full time

    The job posting is outdated and position may be filled Head of Operations responsibilities includedesigning policies, overseeing customer service and implementing technology solutions. You should be a responsible leader with an analytical and strategic mind and have a broad knowledge of the business. Disclaimer: is only a platform that connects job seekers...

  • Head of Operations

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates Abu Dhabi Manpower Supply (ADMS) Full time

    The job posting is outdated and position may be filledHead of Operations responsibilities includedesigning policies, overseeing customer service and implementing technology solutions. You should be a responsible leader with an analytical and strategic mind and have a broad knowledge of the business.Disclaimer:is only a platform that connects job seekers and...

  • Head of Operations

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates United International Group L.L.C Full time

    The job posting is outdated and position may be filledJob Alert You will be updated with latest job alerts via emailValid email field requiredSend jobsJob Alert You will be updated with latest job alerts via emailValid email field requiredSend jobsA Head of Operations, or Operations Manageroversees the operational activities of a business and ensures that...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates Halian uae Full time

    Develop and implement robustfinancial policies, procedures, and controls to ensure compliancewith accounting standards and regulatoryrequirements.Manage a team overseeingday-to-day financial operations, including accounts payable,accounts receivable, general ledger, and financialreporting.Conduct financial analysis,forecasting, and budgeting to support...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates Halian uae Full time

    Develop and implement robust financial policies, procedures, and controls to ensure compliance with accounting standards and regulatory requirements.Manage a team overseeing day-to-day financial operations, including accounts payable, accounts receivable, general ledger, and financial reporting.Conduct financial analysis, forecasting, and budgeting to...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates Halian Uae Full time

    Develop and implement robust financial policies, procedures, and controls to ensure compliance with accounting standards and regulatory requirements. Manage a team overseeing day-to-day financial operations, including accounts payable, accounts receivable, general ledger, and financial reporting. Conduct financial analysis, forecasting, and budgeting to...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates Department of Finance Full time

    Business Analysis Manager | Department of Finance – Abu Dhabi Established in 1962 with the goal of enhancing the Emirate's financial sustainability, the Department of Finance (DoF) in Abu Dhabi manages the annual budget, government returns, expenditures, funding, and liquidity. Working hand in hand with local government entities and the Abu Dhabi Executive...


  • Abu Dhabi, Abu Dhabi, United Arab Emirates Presight Full time

    Specialist – Finance Operations | Presight Abu DhabiPresight, an ADX-listed public company limited by shares whose majority shareholder is Abu Dhabi company G42, is the region's leading big data analytics company powered by Artificial Intelligence ("AI").Presight, an ADX-listed public company limited by shares whose majority shareholder is Abu Dhabi...

  • Finance Manager

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates Middle East Group of Companies Full time

    Job description: Analyze costs, pricing, variable contributions, sales results and the company's actual performance compared to the business plans. Provide financial reports and interpret financial information to managerial staff while recommending further courses of action. Advise on investment activities and provide strategies that the company should take....

  • Finance Head

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates Business Umbrella Full time

    Job Information:Industry Financial ServicesWork Experience 5+ yearsCity Abu DhabiState/Province Abu DhabiCountry United Arab EmiratesZip/Postal Code 51133Will be primarily responsible for the Corporate Finance Department and reporting to CFO in the organization, including the Executive Management Team also will lead in enhancing the control framework...

  • Finance Controller

    1 week ago


    Abu Dhabi, Abu Dhabi, United Arab Emirates Via Medica Intl Full time

    Via Medica International Healthcare LLC is looking for a Finance Controller (CCA) to work in our Head Office in Abu Dhabi.The job of the Financial Controller is to oversee and be responsible for the efforts and results of the financial department. Overseeing financial department staff in day-to-day operations.Qualifications: Degree in Finance/Accounting,...