Job Purpose
• To manage all non-execution activities within Asset Management with an aim to ensure smooth processes;
• Assume responsibility for all non-revenue specific issues in Asset Management;
Key Results Areas
• Centralized handling of all regulatory matters for Asset Management with DFSA, SCA and others as required;
• Managing / operating all activities with business counterparties such as Administrators, Custodians, Registrars, Trustees, Auditors, Tax representatives, Lawyers and Brokers in MENA and other jurisdictions for Asset Management;
• Dividend Payouts on time
• Ensure business adheres to SOPs & guidelines and promptly resolve any audit concern.
• Coordinate all regulatory activities for Mashreq Capital in collaboration with the relevant compliance departments
• Constant monitoring via the BSC activity sheet and calendar
• Re-engineering of existing processes in the Asset Management units to establish best practices that are risk averse and business friendly to improve efficiency and effectiveness in work-flows;
• Managing all processes with internal departments at Mashreq for timely processing of all business requirements;
• Weekly and monthly client reporting for Asset Management;
• Coordinate with multiple exchanges/counterparties to enlist new/existing funds on different stock exchanges, setup new funds and liquidation of funds;
• Coordinate with counterparties for the opening/closure of broker & custody accounts;
• Managing the outsourced Asset Management middle & back office vendor.
• On-boarding processes for all Service Providers;
• External & internal audit support;
• Creating and managing frameworks, business plan, policies, SOP’s, SLA’s, and KPI’s for Asset management;
• Performing the RCSA testing for Asset Management;
• Annual renewal of fund prospectus;
• Performing OPS, function in AIM;
• Creating and managing the Business continuity plan and testing;
• Manage all Corporate governance related activities and matters;
Knowledge Skills and Experience
• Graduate with 10+ years of banking experience or equivalent preferably in Asset Management;
• Good understanding of local & international regulations;
• Computer literate and good command over spoken and written English.
• Good Analytical as well as inter personal and communication skills.
• Good understanding of banking & asset management business including process, procedures and products;
• Attention to detail & quality and committed to results;
• Strong planning and organizing skills;
• Good understanding of operational risk management and cooperate governance frameworks.