Operations Manager

Location

Job Summary

Financial Operations

• Ensure integrity of financial operations of the business. Will undertake the auctioning and processing of transaction between accounts. Produce reports, verifying information and reconciling balances. Review various accounting functions including accounts management, revenue accounting and collection monitoring.

Back Office Transaction

• Supervises back-office transactions which include gathering client requirements from the customer service and marketing department, following up with the brokers and checking the client accounts on each transaction. Prepare regular reports to support daily trading transactions. Responsible for ensuring that regularity of transactions and for providing regular reports and confirmations to clients of the Company.

Documentation & Controls

• Supervises all documentation received from Customer Care Officers and Broker Representatives and ensures adequate controls are in place to identify and prevent insider trading.

Report Management /Reporting

• Reviews management information reports summarizing daily transactions and formulate commission to be invoiced on each account. Develop periodic reports, financial plans and client reviews to be submitted to Head of Finance and Operation for his review. Monitors credit transactions vis-àvis approved limits and submits reports accordingly to the Management.

MIS & Performance

• Assists the Head of Finance and operations to develop and maintain management information systems (MIS) and to develop and maintain business performance management mechanisms for the organization.

Technical Assistance

• Provide technical assistance to the department and other department, such as conducting research on listed securities, managed funds, market conditions and government regulations.

Settlement

• Will be responsible in preparing payments for settlement dues and compute daily net broker position for submission to the Executive Management. Will be responsible in assisting the Head of Finance and Operations in ensuring that all settlement obligations are paid as and when required. Will deal with Brokers to obtain required approvals and arrangements with regard trading limits – increases or deviations.

Liaison

• Effectively interact with all internal departments, Customer Care Team and Brokerage and Brach Offices

Required Skills & Qualifications

• BSC in Accounting or a professional accounting qualification like ACCA, CPA
• Five (8) years finance, administration, and back office transactions experience in the same industry
• Financial and stock market trading business knowledge
• High level understanding of back-office requirements in the same industry
• High level communication skills in English and Arabic
• Good analytical, judgmental and interpretative skills.
• High level IT Skills

Preferred / Nice-to-Have Skills

• Integrity
• Leadership and teamwork
• Attention to details
• Initiative
• Interpersonal skills