OPERATIONS MANAGER (23/4/2015)

Company: CITIPLACE.CO.UK
Country: United Arab Emirates
REF NO: BNK-0238

Education :  Bachelors Degree
Experience :  10+ Years
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Skills :  

Experience establishing and managing all aspects of middle office processes and procedures, good understanding of international accounting procedures and hedging techniques. Fluemt Arabic plus excellent interpersonal skills to develop strong broker relationships and recruit, manage and motivate staff.

Responsibilities :  

A progressive bank is seeking to hire a senior operations manager to develop and manage all aspects of middle office processes and to work closely with senior management and the business to facilitate the development of innovative Islamic banking solutions.

Description : 

An expanding and dynamic bank seeks to hire an experienced Operations Manager to develop and manage all aspects of middle office processes and procedures as the bank expands its range of Shariah compliant investment products for corporate and institutional clients. Working closely with the business, the Operations Manager will establish a comprehensive and effective operations function and manage relationships with custodians and brokers. 

Principal responsibilities will include the design of an organisational model to support operations covering a wide range of products and Shariah compliant investments, the creation and implementation of workflows and procedures to support traded products, ensuring the smooth processing of settlements and accurate and timely processing of trades, day to day broker relationships and the recruitment and training of additional staff to support the growing business.

Specific requirements will be to design operational workflows and procedures to support traded products, the design and implementation of an organisational model to support operations covering a range of products including Shariah compliant investments, testing of operational models, project planning for deliverables, status reporting, reference data maintenance, client and application support management, recruitment and training of new staff and change management. In order to undertake this role effectively the candidate will require extensive in-depth knowledge of international accounting including IAS 39, fair value hedge and hedge effectiveness. 

Educated to degree level in a numerate discipline, applicants should speak fluent Arabic and English and have hands on experience as an Operations Manager in a bank in a large financial centre. In order to undertake this role effectively the successful candidate will require extensive in-depth knowledge of international accounting including IAS 39, fair value hedge and hedge effectiveness. Previous experience in an Islamic financial institution and/or exposure to a wide range of Shariah compliant investment products is highly preferable. This is an exciting and challenging opportunity for an experienced operations manager to play a key role supporting the development of Islamic products in a progressive and results orientated environment.
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