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Specialist, Accounting & Control
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- The specialist role is to ensure efficient controls applied over the operational activities of the accounting section to provide the best services to the internal and external customers.
- Identifying and resolving workflow and production issues.
- Addressing and discussing risk exposures issues in the areas which the team acts as independent controller and propose solutions with SSO managements.
- Develop and establish measures and testing standards for new applications, product or enhancements to existing applications through their development / product life cycle.
- Analyse documentation and technical specifications of any new application under deployment or consideration to determine its intended functionality.
- Ensure that testing activities allow applications to meet business requirements and system goals, fulfil end user requirements, and identify existing and potential issues.
- Report and escalates issues of concern or risk to the FCIS management.
- Acts as independent controller during the IPO (Initial Public Offering) to ensure that control aspects are covered by the IS team in regard to the Online subscription account, RD matching status reports and the IT reports to ensure that there is no outstanding applications / funds not executed during the exercise.
- Managing transactions of SSO related activities on Core Banking System, ensuring their successful settlement, avoiding loss and penalties to the bank and clients that could cause the bank Reputational, Financial and Operational Risk.
- Manage the interest calculation of the short-term deposits and long-term deposits related to ADX listed companies and ensure that interest is paid as per the agreement between FAB and ADX and the rates are captured correctly in the core banking system.
- Support all Non –Financial transactions processed through Core banking system for the Issuer Services & Custody Businesses, and Asset Management Group.
- Verify account opening documents to meet the bank procedures requirements.
- Verify correctness of information captured in core banking system.
- Verify mandates to request amendments on static data and verify correctness of amendments as per customer requests and instruction in terms of the bank amendment procedures and checklist.
- In charge of daily Reconciliations of custody client cash and securities positions as Local & Global Custodians on a variety of systems.
- Accounting team supports the Section Head in his/her role as ORM and BCP coordinators for SSO.
- Accounting team performing the Account ownership and Verification of all internal accounts used by the department by reconciling and reviewing the daily, weekly, and monthly reconciliation and reporting of the businesses units GLs and financial status and ensure that proper RAG is provided for accounts with mismatch or disputed amounts during AOV monthly update.
- Report and escalates issues of concern or risk to the FCIS management.
- Liaise with VAT team in relation to the preparation of the VAT treatment memo on SSO processes.
- Creating training materials and process manuals.
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