Assistant Operations Manager
Current•Update the Emirates Interbank Offered Rate (EIBOR), which dictates the lending rates among banks in the United Arab Emirates' (UAE) interbank market.•Conduct daily review and update of Foreign Exchange (FX) Money Market (MM) SWAPS across all Mashreq Bank Corporate Dealers' positions.•Enforce control measures on FX/MM limits to ensure compliance and prevent dealers from exceeding established limits.•Perform monthly reconciliation of all Treasury-related Margin Profit/Loss (PL) and Futures accounts.•Review and reconcile Mashreq Futures and Saxo client accounts.•Verify exchange and deposit rates to ensure accuracy in customer transactions.•Match all Forex bank deals with customer deals to minimize exchange position discrepancies.•Monitor limits and recordkeeping of Precious Metal transactions to maintain compliance within approved limits.•Monitor daily FX Tolerance Report (NFX) to prevent application of incorrect exchange rates and potential losses to the bank.•Track daily exchange profit/loss to identify and rectify errors related to incorrect rates.•Cultivate strong relationships with stakeholders.•Take corrective action assertively to address assigned tasks in alignment with the bank's mandate and values.•Collaborate with Relationship Managers (RMs) and relevant teams to recover losses resulting from cancelled client deals.