Specialist- Derivatives

To ensure that all Derivatives related transactions executed by the Global Markets department are successfully matched validated confirmed and settled within the agreed timeframes in the appropriate systems. To ensure that all life cycle events are captured booked and instructed accurately.  To monitor all breaks derived from the reconciliation report to resolve them and to escalate where necessary.Products handled by Derivatives team include:IRS / Structured IRSAsset SwapsCross Currency SwapsFX OptionsFX StructuresExchange Traded Futures & OptionsTARF / TARNTotal Return SwapsCredit Default SwapsDual Currency DepositsCommodity Options Swaps & Spreads Equity OptionsSwaptionsCap / Floors / FRAPRSPrivate EquityIslamic DerivativesCarbon Derivatives Team WorkProvide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.Promote the organisations values and ethics in all activities within the team to support the establishment of a value drive culture within the bank.Budgeting and Financial Performance Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.Policies Systems Processes & ProceduresProvide inputs and implement policies systems and procedure for the assigned team so that all relevant procedural/legislative requirements fulfilled while delivering a quality cost-effective service.Continuous ImprovementParticipate in the identification of opportunities for continuous improvement and sustainability of systems processes and practices considering global standards productivity improvement and cost reduction.ReportingPrepare sectional statements and reports timely and accurately to meet FGB-NBAD and department requirements policies and quality standards.Staff must be accountable for accurate and timely Validation Confirmation Matching & Settlement of all Derivatives traded by Global Markets team.Staff must make informed and educated decisions about how to deal with the problems encountered and must be aware of when it is necessary to escalate issues to management.Staff will be required to regularly communicate interact and problem solve with the Banks Global Markets clients who are sophisticated investors so its imperative they are professional knowledgeable and take ownership of any issues whilst ensuring the client is kept informed at all times. Staff will be required to service the Operational requirements for various international FAB offices specifically but not limited to London Hong Kong Singapore Labuan Oman and Cayman Islands.Staff should be aware of and adhere to any regulations as defined by the jurisdiction in operation.The Validation & Confirmation of Global Market trades:Ensure all Derivative transactions executed by the Global Markets trading team are validated within the agreed turnaround time within Murex.Ensure correct interpretation of trade recaps relation to complex trade booking structure and liaise effectively with Global Markets (GM) and its enablement partnersCollaborate with the Legal team to address client-specific requirements including Negative affirmations changes in ISDA language and requests for 2021 vs 2006 ISDA definitionsIslamic Derivatives interpret Shariah guidelines and align them with current processes while engaging in dialogue with Shariah specialists from GM and CompliancePrivate Equity: - Identify and distinguish among different transactions associated with private equity such as capital calls distributions permanent and temporary capital returns and management feesShow a strong understanding of carbon markets especially in relation to carbon operations and recognize the differences between compliance and voluntary markets. - Be knowledgeable about the relevant ISDA definitions for European Union Allowances (EUA) and the confirmation templates for Voluntary Carbon Credits (VCC)Ensure all trade confirmations are sent to the Counterparties within the agreed turnaround time.Follow up with any Counterparties who we have not received a confirmation from.Track all confirmations that have not been signed and returned and escalate.Report any booking discrepancies found between the trade recap or affirmation system and Murex to Global Markets in a timely fashion.Act as a key enabler in managing activities alongside Compliance and Market Risk teams to ensure the accurate determination of closing prices particularly for OTC and ETD transactionsCoordinate effectively with stakeholders including clearing brokers clearing houses market risk teams Murex IT and Global Market traders to facilitate trade compression and blended nettingEnsure adherence to trade reporting regulations for CB UAE HKMA MAS MiFID and othersThe Settlements of the Global Market tr