• To ensure FX/MM/Islamic products deals have captured correct settlement instructions, counter party confirmations have been matched with our deal details thus error free confirmation and settlement of all deals in a timely manner to prevent any loss/penalty to the Bank.
• To ensure confirmation of all deals are matched through “SWIFT ACCORD” or to ensure all manual matching has been checked against the customer confirmation
• Also responsible for updating missing / amending existing SSIs (Standard Settlement Instructions) in static data at customer details level, ensuring that all settlement instructions are captured correctly..
Tasks
a. Ensure to execute the payment as per the matching system in Swift Accord, Reuters, Customer Confirmation before cut-off time of each currency.
b. Ensure that all deals have captured correct settlement instructions, if not, arrange to establish SSIs at customer details level correctly to ensure deals can be captured correctly and flow STP
c. Review and monitor the Payment Validation Queues in Murex to ensure that all deals are duly processed before end of day and within the cut-off time.
d. Review and monitor the Payment Release Queues in Murex to ensure that all deals are duly processed before end of day and within the cut-off time
e. Ensure that deal payment messages MT202 and MT210 are duly generated for deals.
f. Ensure that matching of MT300s/ MT320s for financial institutions are carried out through “SWIFT ACCORD” system, unmatched/mismatched confirmations are followed up with counterparties/dealers and have the deals amended or cancelled within stipulated time thus Bank’s open positions are not exposed and put at risk.
g. Check / Ensure that all CLS (Continuous Linked Settlement) related deals have proper deal confirmations and settlement instructions in Murex.
h. Ensure that GMO receive a copy of the signed “Master Agreement” for all Islamic Institutions/Banks with whom NBAD deal with in Islamic Products and ensure that all norms stipulated in the Agreement are carried out while executing transactions.
i. Ensure that Global Market Operations (GMO) have a signed copy of the agreement between FMD Management and all approved Brokers.
j. Ensure that while exchanging Islamic Product (“Murabaha”/”Wakala” etc) confirmations between NBAD and clients, all details are in conformity with the “Master Agreement”, released within the currency cut-off times and that the deal is book Islamically which will suppress the swift generated MT320
k. Attend the evening and holiday shifts on a rotation basis
l. To be part of the CLS shift work as and when required.
m. To check the Verification Queue in Swift Alliance and ensure it is clear by EOD
n. To check the Intellect UAE Authorisation Queue and ensure it is clear by EOD
o. Perform netting for Rollover deals or for any customer who have a netting agreement with GMO.
p. To review and monitor Intellect UAE batches and check reports at each batch for any further action.
q. Monitor manually all payments sent and received which do not flow into Murex automatically e.g. ECP’s
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