Settlement Officer
4 months ago
As a Settlements Officer, you will be responsible for handling DVP and Non-DVP transactions, ensuring smooth operations in trade settlements and cash management.
**Key Responsibilities**
- Prioritize tasks based on settlement cycles and custodian deadlines.
- Maintain and update custodian sub-agent settlement instructions.
- Advise management on potential risk items such as failing trades and aged break items.
- Keep up-to-date files on settlement practices, custody fees, and corporate actions.
- Assist with custodian performance assessments related to trade settlement and support.
- Serve as a point of contact for fixed income and foreign market trade breaks and custodian instructions.
- Handle cash management for Fixed Income and Foreign Markets.
- Prepare reports for management (P&L), finance, and audits.
- Retrieve cash statements from custodian banks and provide accounting with daily settled trades.
- Oversee trades and cash settlements for custody and brokerage clients.
- Ensure compliance with AML/CTF regulations.
- Complete relevant AML/CTF training and respond to related inquiries in a timely manner.
**Job Requirements**
- Bachelor's degree in Finance, Business, or Banking.
- 2-5 years' experience in a similar role.
- Proficiency in Arabic and English.
- Strong communication skills (written, verbal, and listening).
- Ability to build partnerships and collaborate effectively in teams.
- Detail-oriented with high accuracy in deliverables.
- Ability to manage multiple tasks and meet deadlines under pressure.
- Family book holders.
**Job Type**: Permanent
Pay: AED18,000.00 - AED20,000.00 per month
Ability to commute/relocate:
- Dubai: Reliably commute or planning to relocate before starting work (preferred)
Application Question(s):
- Do you have 2-4 years of experience in any of the industries mentioned in the job description?
**Education**:
- Bachelor's (required)
License/Certification:
- Family book (required)
**Location**:
- Dubai (required)
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