ED & Head of Fund Admin & Middle Office Services
- Full-time
- Sub Division: Global Corporate Finance
- Division: Investment Banking and Markets
Company Description
First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together.
Job Description
Job Purpose:
- Take ownership and responsibilitie for the development of the Fund Administration (FA) & Middle Office (MO) products within the Securities Services business.
- Engage prospects in coordination with the Client Management Team to grow the FA & MO business.
- Seek opportunities to increase products to enhance revenue, whilst focused on cost optimization
- Act as regulated activity representative for FA
- Work with Operations and ITD to embed new products and maintain support existing services as a technical SME
- Regionally focused SME
Key Responsibilities:
- Product owner and SME for Fund Administration and Middle Office, which incorporates Transfer Agency and Performance Measurement services.
- Work closely with the Sales Team, based in the UAE to develop FA & MO opportunities with key Asset Manager and Family Office prospective clients.
- Manage a team of Fund Admin & Middle Office Business specialists to deliver top tier service.
- Provide product specialist support and information to assist new sales opportunities or assist with technical issues for existing clients.
- Manage new product launches in a formal project framework ensuring engagement with all appropriate stakeholders through to final delivery.
- Maintain strong relationships with the local regulators and lobby for change to increase efficiency of the local market.
- Guide Operations to the highest standards based on strong technical knowledge of FA & MO post-trade regulations and practices to structure
- Oversee and coordinate the local operational services with the Group Operations Hub based in Abu Dhabi & Egypt and with outsourced FA provider to ensure optimal operating model. Ensure SLA’s are in place and are adhered to through administration of KPIs.
- Maintain an in-depth understanding of local industry developments, ensuring the local business adapts to comply with changing regulation and client demand, in conjunction with the Product Development team
- Handle Product responses for RFI/ RFPs
- Owner of assigned Product Programs, including managing udpates, governance, and Operational Risk matters.
Qualifications
Minimum Qualification:
- Bachelor’s degree in finance / Business or related discipline. MBA and/or professional qualifications.
Minimum Experience:
- 12+ years’secrutities services experience in the banking sector with at least 7 years in similar positions of progressively increasing managerial responsibilities in the senior function;
- Strategic thinker and agent for change;
- Industrial sector expertise is essential;
- Sound knowledge of compliance, legal/regulatory environments;
- Proven track record of delivery against financial objectives;
- Experience in building and managing teams of senior executives and executing against agreed blue-print;
- Strong influencing and coaching skills;
- Good interpersonal, motivation, resource management & marketing-orientated skills;
- Experience of handling large size corporate accounts and winning new mandates with them;
- P&L responsibility;
- English required.