Specialist- FXMM Confirmations
Job Description
Job Description
JOB PURPOSE:
- To ensure FX/MM/Islamic products deals have captured correct details and settlement instructions, counterparty confirmations have matched with our deal details thus enabling error free settlement of all deals in a timely manner to prevent any loss/penalty to the Bank.
- To ensure deal details of all deals are matched through electronically established confirmation matching system – Matcher manager/Misys/ FXall or to ensure all received document confirmations have been checked and match with the deals in Murex.
- Successfully coordinate with FX/MM Settlements team for work by preparing payments manually or post accounting entries, ensuring all deals are settled before the related currency's cut off time
KEY ACCOUNTABILITIES:
Policies, Systems, Processes & Procedures
- Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
- Demonstrate compliance to organization's values and ethics at all times to support the establishment of a value drive culture within the bank.
Continuous Improvement
- Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
Reporting
- Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards.
Job Context:
1. MM/FX/ISLAMIC trade validation/ Matching and after ensuring that all deal details input by dealer are correct for entities i.e. FAB AD,FAB LONDON,FAB HONG KONG,FAB OMAN AND FAB CAYMAN etc.
2. Monitor and update commercial payments log sheet
3. Prepare MT103 in swift alliance related to treasury trades and submit to Payments team to release when needed.
4. Prepare MT 103/202 manually in NBADFTS when required.
5. Amend NBADFTS AED payments for MM/IMM maturity deposit deals
6. Monitor all group emails and ensure that appropriate action is taken
7. Monitor trades with missing SSI , prepare SSI forms, submit to RDG team and follow-up
8. Liaise with the dealer for any missing deal to be booked
9. Follow up with the trader via email/phone if the deal is booked incorrectly and for any amendment required
10. Monitor auto emails generated from Murex in manual doc confirmation email inbox and ensure that confirmations are send to relevant C/P
11. Check confirmations received/sent in unmatched status in Matcher manager/Misys/ FXall/Bloomberg/ … etc. and send chasers when needed.
12. Input ADIA/FAB Cayman/FAB London CLS positions manually in Murex, When Position gets changed in HSBC NET or if required
13.
14. Prepare manual confirmations when needed
15. Handling commercial payments by scanning settlement instructions to via email
16. Ensure that trade validation and Matching queues in MUREX are clear at EOD
17. Ensure that swift modification queues are clear at EOD for all entities i.e. FAB AD,FAB LONDON,FAB OMAN,FAB HONG KONG and FAB CAYMAN
18. Prepare Islamic confirmations – both swift and document format
19. Validate /Match payments from Murex after checking status in Matcher manager/Misys/ FXall/Bloomberg/HSBCNet … etc.
20. Verify signatures in Intellect and T24 when needed
21. Liaise with GM, Clients and other GMO desks, any other department/branch in the bank
22. Liaise with Investigations team for any customer query
23. Take part in all shifts (5AM till 9 PM) duty as required and prepare the shift schedule for the teams.
24. Support AVP & Manager with all requirements, such as reporting/QPR update/SOP/KRI/Audit/STP report/Capacity/KPI etc.
25. Manual posting of Intellect/T24 entries when required.
Qualifications
Minimum Qualification
- Bachelor's degreeor related discipline.
Minimum Experience
- 1 year relevant experience in the banking sector
Job Details
Employment Types:
Full time
Industry:
Banking / Accounting / Financial Services
Function:
Finance & Accounts
