Manager Specialized Collateral Management
Dubai, United Arab Emirates
Job Description
Job Title: Manager - Specialized Collateral ManagementLocation: DubaiExperience: 5-7 YearsLanguage: Arabic, EnglishNationality: EmiratiEducation: Bachelors DegreeGeneral SummaryKey Accountabilities:
- Ensure adequate and effective collateral management and monitoring of but not limited to finance against shares and realizable collaterals.
- Monitor Lombard financing transactions on a daily basis vide control reports.
- Liaise with Investment Banking Team to communicate to brokers to establish respective sub accounts.
- Calculate drawing power and communicates to Brokerage firm and confirm acceptance of the shares.
- Communicate the final drawing power of the client to broker based on share value.
- Validate the broker sheet against each client holding prior to uploading in the monitoring sheet for calculating the ETV.
- Highlight exceptions i.e. margin call, liquidation trigger and ensure that cure measures are taken into effect.
- Create and circulate daily/monthly monitoring reports to Business, Broker and Credit.
- Maintain data base and provide timely and accurate MIS required, External/internal auditors, Business Units and senior management.
- Ensures proper system maintenance of the portfolio and regular update of collateral.
- Reduce redundancies in processes and manual intervention to improve turnaround time and provide quality services to internal and external stakeholders.
- A thorough understanding of Commercial products/Islamic Banking.
- A proactive approach to problem solving.
- Good understanding of technological issues with sound analytical ability and PC skills
- Proficient in Microsoft Excel & API.
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Job Detail
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Job IdJD1751285
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned