Executive Director- Product Development- Securities Services
First Abu Dhabi Bank
- Abu Dhabi
- Permanent
- Full-time
- Take ownership and responsibilities for the development of assigned products withing the Securities Services business.
- Product focus includes: Custody, Fund Admin, Transfer Agency, Middle Office Outsoucing, Performance Measurement and digital custody.
- Engage prospects in coordination with the Client Management Team to grow the business
- Seek opportunities to increase product base and enhance revenue, whilst focused on cost optimization
- Work with Operations and ITD to embed new products and maintain support existing services as a technical SME
- Develop the Securities Product offering and keep track on product effectiveness and return on investment
- Regionally focused SME
- Product owner and SME for products including: Custody, Fund Administration, Transfer Agency, Middle Office Outsourcing, Performance Measurement and Digital Custody services in addition to other assigned products.
- Manage new product launches in a formal project framework ensuring engagement with all appropriate stakeholders through to final delivery.
- Provide product specialist support and information to assist new sales opportunities or assist with technical issues for existing clients.
- Guide Operations to the highest standards based on strong technical knowledge of local post-trade regulations and practices to structure
- Maintain an in-depth understanding of local industry developments, ensuring the local business adapts to comply with changing regulation and client demand, in conjunction with the Product Development team
- Maintain strong relationships with the local securities depositary, exchange and regulators and lobby for change to increase efficiency of the local market.
- Work closely with the Client Management Team, based in the UAE to develop Direct Custody & Clearing opportunities with key Global Custodian & Broker Dealer prospective clients.
- Oversee and coordinate the local operational services with the Group Operations Hub based in Abu Dhabi & Egypt to ensure optimal operating model. Ensure SLA's are in place and are adhered to through administration of KPIs.
- Handle Product responses for RFI/ RFPs
- Keep abreast of local regulatory changes that impact the Fund Administration service, in addition to Direct Custody & Clearing.
- Owner of assigned Product Programs, including managing udpates, governance, and Operational Risk matters.
- Bachelor's degree in finance / Business or related discipline. MBAand/or professional qualifications.
- 12+ years'secrutities services experience in the banking sector with at least 7 years in similar positions of progressively increasing managerial responsibilities in the senior function;
- Strategic thinker and agent for change;
- Industrial sector expertise is essential;
- Sound knowledge of compliance, legal/regulatory environments;
- Proven track record of delivery against financial objectives;
- Experience in building and managing teams of senior executives and executing against agreed blue-print;
- Strong influencing and coaching skills;
- Good interpersonal, motivation, resource management & marketing-orientated skills;
- Experience of handling large size corporate accounts and winning new mandates with them;
- P&L responsibility;
- English required.