Specialist- Derivatives

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 DescriptionTo 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 resolve 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 & SpreadsEquity OptionsSwaptionsCap / Floors / FRAPRSPrivate EquityTeam 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 organisation’s values and ethics in all activities within the team to support the establishment of a value driven culture within the bank.Budgeting and Financial PerformanceMonitor 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.Provide inputs and implement policies, systems and procedures for the assigned team so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost‑effective service.Participate 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 elevate 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 it’s 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 partners.Collaborate with the Legal team to address client‑specific requirements including Negative affirmations, changes in ISDA language and requests for 2021 vs 2006 ISDA definitions.Islamic Derivatives interpret Shariah guidelines and align them with current processes, while engaging in dialogue with Shariah specialists from GM and Compliance.Private Equity: - Identify and distinguish among different transactions associated with private equity, such as capital calls, distributions, permanent and temporary capital returns, and management fees.Show 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 elevate.Report any booking discrepancies found between the trade recap or affirmation system and