Assistant Manager

Website Mashreq Bank

Job Description:

Performing trade validation / settlement of derivative transactions, F&O (Futures / Options) & OTC clearing and Margin trading, along with related control and reporting activities.

Job Responsibilities:

  • Reconciliation of all product related balances.
  • Collateral management: Monitoring of customer mark to market exposure against underlying document threshold and ensuring required collateral is settled.
  • Preparation of various reports to different stakeholders including market risk, finance, treasury division..etc
  • Arrange with internal teams on account setup, funding, segregation of Margin based on which leverage is provided as per documentation for Margin Trading.
  • Trade validation of all OTC derivative products and to ensure accurate details are captured in the treasury system.
  • Derivative product settlements through the life cycle of the trades to be tracked and settled.
  • Good product knowledge on all core derivative instruments and on the various asset classes like equity, fx, interest rate, commodity..etc
  • Ensure all required derivative documentation are in place.
  • Adherence to Islamic product workflow and documentation.
  • F&O (Futures & Options) clearing activities are performed as per the operational procedures.
  • OTC derivative clearing related activities to be performed.
  • Margin trading operational requirements around customer account setup, transfer of funds for trading and reconciliation to be performed as required.
  • Monitoring of limits on Margin trading and reporting to front office for resolution.
  • Monitoring of Proprietary trading limits and reporting any breaches to management, Treasury and Market Risk.
  • Actively participate and deliver key treasury related projects and system upgrades.
  • Focus on identifying areas for digitization and opportunities for automation.

Job Requirements:

  • Certification in the financial markets is an added advantage.
  • Good team player with good interpersonal and communication skills
  • Analytical ability and good understanding of the product workflow is required to investigate any reconciliation differences and to resolve it.
  • Limit breaches on P&L and other parameters assigned in the market risk policies to be highlighted as required and resolved.
  • Documentation exceptions to be closely tracked and closed.
  • Graduate from a reputed University.
  • Good understanding of all the primary OTC & Exchange derivative products.
  • Experience of 5 –6 years in a reputed bank in similar position.
  • Prior experience of working on a treasury system.

Job Details:

Company: Mashreq Bank

Vacancy Type: Full Time

Job Location: Dubai, UAE

Application Deadline: N/A

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