Fund Administration Officer

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About the business area

Itmam, a wholly-owned subsidiary, provides banking operational and processing services to all Group sectors, including lending, wealth management, and ATM services. Integrated into the Group Business Services  (GBS) organisational structure, Itmam operates under its own Board of Directors, comprising Group executive staff members. Its structure includes a General Manager overseeing five key operational service divisions: Consumer Operations, Corporate & Investment Banking Operations, Customer Contact Services, Treasury and Syndication Operations, and Shared Services and Operations Management. Notably, "Tamooha," the Group's award-winning operations centre initiative, is staffed exclusively by UAE national women 

In this role, your key responsibilities include:

process fund administration, investment trades, corporate actions, settlements and custodial activities to support the investment activities of Wealth Management Group in line with the required standards receive direction and support, discuss performance and ensure objectives are met, To seek approvals and guidance for daily work.

This Role is to obtain authorisation and validation of trade entries, provide support for customer requests and liaise for settlements, confirmations and statements. Process Net Asset Value (NAV) calculations, fund activities, journal entries, accounts and prepare regulatory reports to ensure essential standards in administration of ADCB in-house mutual funds. Process subscription/redemption/transfer of all types of investment securities in order to support investment activities of wealth management group to the required standard

Process settlements, portfolio maintenance and valuation, corporate actions, custodial activities, reconciliations, fees and reports to ensure industry standards of investment back office

Process internal vouchers and external remittances on Rirst Call Resolution (FCR) in order to support back office activities. Adhere to all relevant organisational and departmental policies, processes, standard operating procedures and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders. Manage self in line with the Bank’s people management policies, procedures, processes and practices to ensure adherence and to maximise own contribution to business performance. Demonstrate Our Promise and apply the ADCB Service Standards to deliver the Bank’s required levels of service in all internal and external customer interactions.

The ideal candidate should have the following experience

 Bachelor’s degree is a mandatory in related field

 At least 3 years of experience in Banking Operations.

Securities (Investment) product knowledge

Wealth management product/services knowledge

Wealth management systems knowledge

Strong analytical and problem-solving skills

Strong written, verbal and presentation skills

Collaboration and teamwork

Ability to multi-task and work to deadlines.

What we offer:

• Competitive Salary: The indicative pay range for this role is from 5500AED – 9500AED per month. Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development, through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-Learning catalog, on-the-job training and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.