Assistan Manager - FX/MM Settlements.Injaz - FX/ MM Settlements.Operations Group

About the role

Responsibilities

• To validate and confirm Foreign Exchange and Money Market Product
• Ensure SSI is rightly updated and complete all payments as per the currency cutoff
• Monitor CP conditions for corporate customers related to FX trades
• Sound knowledge on CLS trade settlement system
• Perform daily payment reconciliation between booking systems and payment gateway
• Sound knowledge on SWIFT MT103/MT202/MT300 / MT320 / MT600 message types along with knowledge on
• Islamic Murabaha, Wakala, Reverse Murabaha trade validations and documentation along with commodity execution
• Daily monitoring of Nostro Outstanding items and follow-up with counterparty for delayed payments
• Perform Money Market Cashflow Monitoring, Daily Settlements and confirmation matching
• Validate all payments related to Foreign Exchange are made on correct Value Date
• Trade Validation of FX and Money Market Trades
• Monitor CP conditions for corporate customers related to FX trades
• Sound knowledge on Treasury Accounting related to FX / Money Market products.
• Perform control checks on the deal flows between T24 and DealHub
• Checking all Transmission Copies of Payments and Receipt Messages to ensure that all messages are transmitted on time.
• Sound knowledge on CLS trade settlement system
• Monitor Daily Cashflow and Payments
• prepare UAEFTS payments on a daily basis and monitor the payments Q
• Perform daily payment reconciliation between booking systems and payment gateway
• Sound knowledge on MT300 / MT320 / MT600 Confirmation along with knowledge on Matching criteria
• Ensure Zero operation loss
• Ensure full control across all products including settlements, confirmation, and payments
• Ensure daily Islamic Murabaha, Wakala, Reverse Murabaha trade validations and documentation along with commodity execution
• Process Daily Commodity transactions / Settlements / Confirmations
• Daily monitoring of Nostro Outstanding items and follow-up with counterparty for delayed payments.
• Perform Money Market Cashflow Monitoring, Daily Settlements and confirmation matching
• Process FX transactions of DVP (delivery vs payment) customers by ensuring funds are received before other ccy fund is paid out.
• Ensure margin funds received from DVP customers specific to a deal is placed internally and tracked.
• Manage gold swap product transactions executed with DGCX, within specified cutoff timing

Skills

• SWIFT MT103
• SWIFT MT202
• SWIFT MT300
• SWIFT MT320
• SWIFT MT600
• CLS trade settlement system
• Nostro monitoring
• Money Market settlements
• DVP (delivery vs payment)
• Treasury accounting
• T24
• DealHub
• UAEFTS
• commodities execution
• Murabaha
• Wakala
• Reverse Murabaha
• gold swap
• DGCX