AVP - Clearing & Hubs

Key Responsibilities:

• Monitors and controls General Banking activities in Clearing Mini CODs and Trade Services activities in RAK, FUJ and Al Ain by ensuring strict adherence to applicable rules & regulations.
• Lead and ensures clearing and Internal Transfers in an accurate and timely manner GBO SHJ and HUBS.
• Checks and ensures the suspense GLs are balanced at the day end.
• Technical and Signature verification of inward/ in-house and authorizing outward clearing cheques DD related transactions.
• Ensures monitoring and review of transactions, key reports, daily MIS reports, negative balance report, etc in order to mitigate / remove risks.
• Closely monitor and review the operating processes and continuously work to re-engineer and enhance efficiency and cost control.
• Ensures that all the filing of the department is completed every day and all the cases are filed and transferred to central archive within stipulated time.
• Maintain excellent relationship with internal customers.
• Maintains control over day to day operations to ensure that the Bank's policies, operational guidelines and the key controls are duly adhered by the assigned team.
• Controls for compliant running of operations and achieves satisfactory audit rating from Sharia, Internal Control or any other auditor.
• Manage job and work assignment, user profile, work schedule and manpower resources to achieve improvement in productivity also plan and maintaining leave and day-off schedule with backup support for the units ensuring creation of back-up for all critical positions in order to manage contingencies.
• Keeps the JD / JO / DOA / Self Audit Questionnaires / Process Flows/Risk assessment documents, up-to-date for self and all team members.
• All the above accountabilities include but are not limited to any additional/new tasks responsibilities assigned by the line Manager as per the management requirement.

Work Experience:

• 7-8 years of experience. At least 3 years in Banking Operation preferably in Clearing.

Education:

• Bachelor’s degree in business administration. MBA will be an added advantage.