Manager, Business Support & Control- Mashreq Capital

Job Purpose

• To manage all non-execution activities within Asset Management with an aim to ensure smooth processes;
• Assume responsibility for all non-revenue specific issues in Asset Management;

Key Results Areas

• Centralized handling of all regulatory matters for Asset Management with DFSA, SCA and others as required;
• Managing / operating all activities with business counterparties such as Administrators, Custodians, Registrars, Trustees, Auditors, Tax representatives, Lawyers and Brokers in MENA and other jurisdictions for Asset Management;
• Dividend Payouts on time
• Ensure business adheres to SOPs & guidelines and promptly resolve any audit concern.
• Coordinate all regulatory activities for Mashreq Capital in collaboration with the relevant compliance departments
• Constant monitoring via the BSC activity sheet and calendar
• Re-engineering of existing processes in the Asset Management units to establish best practices that are risk averse and business friendly to improve efficiency and effectiveness in work-flows;
• Managing all processes with internal departments at Mashreq for timely processing of all business requirements;
• Weekly and monthly client reporting for Asset Management;
• Coordinate with multiple exchanges/counterparties to enlist new/existing funds on different stock exchanges, setup new funds and liquidation of funds;
• Coordinate with counterparties for the opening/closure of broker & custody accounts;
• Managing the outsourced Asset Management middle & back office vendor.
• On-boarding processes for all Service Providers;
• External & internal audit support;
• Creating and managing frameworks, business plan, policies, SOP’s, SLA’s, and KPI’s for Asset management;
• Performing the RCSA testing for Asset Management;
• Annual renewal of fund prospectus;
• Performing OPS, function in AIM;
• Creating and managing the Business continuity plan and testing;
• Manage all Corporate governance related activities and matters;

Knowledge Skills and Experience

• Graduate with  10+ years of banking experience or equivalent preferably in Asset Management;
• Good understanding of local & international regulations;
• Computer literate and good command over spoken and written English.
• Good Analytical as well as inter personal and communication skills.
• Good understanding of banking & asset management business including process, procedures and products;
• Attention to detail & quality and committed to results;
• Strong planning and organizing skills;
• Good understanding of operational risk management and cooperate governance frameworks.

The leading financial institution in MENA While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. Together, we pioneer key innovations and developments in banking and financial services. Our mandate? To help customers find their way to Rise Every Day, partnering with them through the highs and lows to help them reach their goals and unlock their unique vision of success. Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value. We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.