Securities Settlement Specialist - Custody Operations

Role:
Securities Settlement Specialist

- Location:

Abu Dhabi, United Arab Emirates
- Industry: Banking
- Function:
Banking Operations

- Experience:

5 years
- Job Type: Full Time
- Work Arrangement:
On-site

First Abu Dhabi Bank (FAB) is seeking an experienced Securities Settlement Specialist to support securities services and custody operations across domestic, regional, and international financial markets. The role is responsible for monitoring, validating, processing, and reconciling complex securities settlement transactions across multiple asset classes, including equities, mutual funds, fixed income, hedge funds, structured funds, exchange-traded funds (ETFs), securities lending and borrowing, and local market short selling.

The successful candidate will coordinate with clients, brokers, custodians, counter parties, market participants, and internal banking teams to ensure accurate and timely settlement execution. The position also involves cash and foreign exchange settlement, SWIFT instruction validation, position reconciliation, operational risk monitoring, and participation in process improvement initiatives. The role requires strong securities operations knowledge, attention to detail, and the ability to manage high-value transactions while maintaining regulatory compliance and operational controls.

Country:
United Arab Emirates
- City:
Abu Dhabi
- Industry: Banking
- Function:
Banking Operations
- Salary:
Not disclosed
- Gender: No Preference
- Candidate Nationality:
Not specified
- Job Type: Full Time
- Work Arrangement:
On-site

• Monitor and process daily securities settlement activities across domestic, regional, and international markets.
• Handle settlement transactions involving equities, mutual funds, fixed income instruments, hedge funds, structured funds, and ETFs.
• Support settlement activities related to local and international securities lending and borrowing and local market short selling.
• Receive and validate settlement instructions from clients, markets, and sub-custodians.
• Verify transaction details and ensure settlement instructions are complete and accurate.
• Monitor trade matching and settlement progress across relevant markets.
• Ensure settlement transactions are completed within applicable market deadlines.
• Investigate settlement discrepancies and coordinate their resolution with relevant parties.
• Maintain accurate transaction records and support timely settlement reporting.
• Process client instructions in accordance with regulatory requirements and established operational procedures.

• Review and validate cash and foreign exchange settlement transactions entered by officers or other specialists.
• Verify transaction information before forwarding it to the Vice President (VP) for review.
• Identify transaction mismatches and error discrepancies to the VP.
• Monitor settlement transactions on their scheduled settlement dates.
• Confirm successful settlement execution and completion of appropriate accounting entries.
• Review and validate vouchers required for cash and foreign exchange execution before VP review.
• Coordinate with relevant internal teams to address cash settlement issues.
• Support accurate and timely execution of client-related cash and foreign exchange instructions.

• Review client securities positions and holdings on a daily basis.
• Reconcile client positions against sub-custodian and market records.
• Identify position discrepancies and resolve unresolved matters to the VP.
• Monitor daily client cash positions to assess settlement funding requirements.
• Identify potential overdrafts and insufficient funding…