Back Office Specialist

2 weeks ago


abu dhabi, United Arab Emirates AM Wealth Limited Full time
Back Office SpecialistPurposeWe are looking to hire an experienced Back Office and Custody Officer to join our AM Wealth limited team. As a Back Office Specialist, you will be reporting to the Executive Officer and assisting with various back office and administrative duties. This includes settlement processing for different type of transactions, performing investigations of unsettled trades and other discrepancies, data management and other back office responsibilities.Role and ResponsibilitiesTrades processing, booking in the system and settlement for various financial instruments: fixed income (bonds and eurobonds), equity (stocks, ETF, ADR, GDR), forex (spot, swaps);Settlements processing and instruction (swift, exchange confirmations) and execution via Euroclear, Clearstream, DTC, local markets (UAE);Trade support function: dealing with prime brokers and third-party providers to resolve trade, position, cash, and settlement breaks, investigation of unmatched trades / unsettled trades in clearing system, monitoring, problem solving with counterparty/broker/client;Reconciliations: cash and securities/positions at banks/brokers/custody, positions monitoring;Responsible for compliance with the Company`s obligations regarding safeguarding of client financial instruments and funds;Interacting with middle office and front office to ensure smooth process and problem solving; negotiates with external customer and coordinates with other departments to meet client service expectations; checking of confirmation from clients for transfersDevelop and implement internal procedures in relation to back office operations;Preparing requested reports to clients: trades report, account statements, statements of holdings report, holdings valuation etc.Corporate actions managementQualifications and Education+5 years of experience as a back office executive in the financial services industry in relevant positions/departments (operations, back-office, capital markets);Sound practical understanding of financial and custody settlements, strong knowledge of the regulatory framework, particularly in ADGM, UAE; English – fluent, Russian – fluent,Residing in UAE or willingness to relocation;Skills used in the roleA team player that maintains a positive attitude even under stressful circumstances;Highly organized and able to work independently;Able to build strong relationships and interact with senior levels of the business;Able easily adapt to different cultural environments in UAE.
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