Specialist, Settlement Services
Role Overview
Responsible for daily settlement processing across domestic, regional and international markets and for high-quality client service.
Handles complex transactions across securities and fund products, ensuring accurate and timely settlement.
The role includes cash management, controls, risk monitoring, specialist support and participation in process and systems projects.
Key Skills for This Role
Full Job Posting
Role overview
Responsible for daily settlement processing across domestic, regional and international markets and for high-quality client service.
Handles complex transactions across securities and fund products, ensuring accurate and timely settlement.
The role includes cash management, controls, risk monitoring, specialist support and participation in process and systems projects.
Settlement and client service
- Receive and validate client, market and sub-custodian instructions; match and settle transactions on time.
- Respond to client queries and communicate settlement statuses, reports and instructions to relevant stakeholders.
- Coordinate with clients, counterparties, markets, sub-custodians, agents, brokers, issuers and other entities.
- Process cash and FX settlements, review accounting entries and vouchers, and escalate mismatches or settlement issues.
- Review client positions and cash balances, reconcile holdings and escalate discrepancies or funding risks.
- Validate SWIFT instructions and perform second-level reconciliation checks.
- Monitor compliance with controls and procedures, KPIs and KRIs; submit incidents and issues for review.
- Support projects, system changes and upgrades, off-hours testing, new-client implementations and process improvements.
- Provide first-level training to new specialists and assist specialists with inquiries.
- Prepare statements and reports and support business-as-usual requests.
Requirements and qualifications
- University graduate or bachelor's degree, or five years of related work experience.
- At least five years of related experience in securities services or back-office operations, such as securities settlements or corporate actions.
- Solid understanding of securities services, operations and related accounting activity.
- Able to work under pressure, prioritize and manage several tasks at once.
- Able to achieve business objectives without compromising controls or risk parameters.
- Strong execution and follow-up, communication and interpersonal skills, accuracy, attention to detail and teamwork.
- Experience in settlement, client services, corporate actions, data maintenance and billing, or custody account opening is an advantage.
Department services
- Services include position management, securities and cash settlement, corporate actions, reporting, invoicing, reconciliation, SWIFT, market security movement, FX and cash management, project support, proxy services, tax reclaims and income management.
- Planned expansion includes securities lending, client short selling, network management support and claim management.
About the employer
First Abu Dhabi Bank describes itself as the largest bank in the UAE and one of the world's largest and safest financial institutions.
The bank describes a focus on customer service, innovation, employee development and values-led work.
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