Overview

SENIOR OFFICER, OPERATIONAL CONTROL – Dubai, UAE

Company        Commercial Bank of Dubai

Position          SENIOR OFFICER, OPERATIONAL CONTROL

Location         UAE

Education       Bachelor’s Degree in Finance discipline

Experience     10 Years’ experience in handling various operations units in Banking

Vacancies       1

Job Type         Full Time

DESCRIPTION

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people – your colleagues and our customers – and delivering service that really goes the extra mile.

Main priorities are to ensure adequate checks and controls, proper processes are in place, Bank’s operational and other relevant statutory policies/ procedures are adhered at all times for effective and error free operations in all the units under Operations from a preventive and detective angle and guide the relevant staff accordingly.

  • Review and validate specific/ following Reconciliation activities carried out by respective functions under Operations on daily basis :

Reconciliation- Specific Dept./ Accounts: ATM/ CDM/ SCDM/ TD/ Vostro/ Interface/ Asset & Liabilities accounts.

Proofing- Reports/ Accounts: Loans & TD.

  • Checking Loans directly advanced in Phoenix using the specific report and validating with adequate documented audit trail.
  • Checking transaction involving Deposit accounts (Dt./ Cr.) posted directly in Phoenix using the specific report and validating with respective units for audit trails & governance.
  • Follow up of High value rejection transaction for rectifications and RCA/assist Manager for the follow up for resolution- permanent fix.
  • Ensure requisite system access rights, for the Dept. users are given as per job description of relevant staff based on proper approval by IAM unit
  • On receipt of cheque recon issues, if any, review reason for the same & analyze thoroughly to initiate appropriate action in time- updating in Phoenix.
  • Maintain custody & upkeep of policies and procedures – Bank wide.
  • Monitor& ensure Income leakage (potential/ actual) transactions are processed with approvals as per DOA and data is precisely maintained in excel file all the time with complete details and follow up for recovery.
  • Guide the respective unit to report all the lapses observed in Incident reporting system & follow up, in line with the relevant policy & procedures.
  • Coordinate with respective SSD units/ Internally(Controls), collect and validate following data for monthly Dashboard before 6th of every month by ensuring all information are up to date/ all discrepancies are challenged and clarified and applicable Op. incidents have been reported and details captured.

Clearing- ICCS/ OCC / PDC

ATM/ CDM/ SCDM& Cash balances and discrepancies

Time deposit matured but not renewed.

Month end status of applicable Control activities& Monthly Income reversal files.

  • Plan & maintain records for all the tasks carried out precisely intact, in excel/ word, date wise, task wise, unit wise etc. as applicable.
  • Support in handling other adhoc tasks as per Business requirements as delegated by the Manager.
  • Back up to the Controls Snr. Officer in handling BAU Control tasks and Recon. validation activities handler during her/ his absence. Also for attending to urgent requirements during the absence of Manager- Controls& Governance.

REQUIREMENTS

  • Bachelor’s Degree in Finance discipline
  • Strong Operational knowledge
  • 10 Years’ experience in handling various operations units in Banking
  • Proven track record on commitment, dedication, honesty and integrity.
  • Proficiency in English
  • Planning and analytical skills
  • Problem solving skills.
  • Interpersonal relations skills
  • Attention to detail
  • Accuracy
  • Initiative
  • Customer focus

SENIOR OFFICER, OPERATIONAL CONTROL – Dubai, UAE

About

The example of overcoming adversity of the Commercial Bank of Dubai throughout recent a long time as far as improvement and thriving has remained forever inseparable from the turn of events and flourishing of the Unified Bedouin Emirates itself.

Today, the Commercial Bank Bank of Dubai is very pleased with its commitment to the financial advancement of the UAE and Dubai specifically.

The Bank’s foundation in 1969 matched with a period when the emirate of Dubai was seeing a quick change into an undeniably significant local, recently worldwide, exchange center point, under the savvy authority of the late His Excellency Sheik Rashid container Saeed man-made intelligence Maktoum, the organizer behind present-day Dubai.

As quite possibly of the most seasoned nearby bank, the Commercial Bank Bank of Dubai assumes a significant part in funding the UAE’s exchange and improvement projects, a job which developed extensively following the foundation of the League of the Unified Bedouin Emirates in 1971. The Bank has since kept on funding infrastructural projects, advancing the improvement of exchange, business, industry, and administration all throughout the organization.

Commercial Bank of Dubai is resolved to proceed with this commitment to the nation’s thriving and offer help to both public and confidential areas.

Today, we value the predictable steadfastness of our clients, who have kept up with close relations with the Bank throughout the course of recent a long time notwithstanding expanded contest in the commercial center.

We could never have accomplished this without our assurance to serve our clients to the best expectations, giving them redid answers to fulfilling their particular requirements and building solid associations with them recognized by our typical individual touch. We are additionally pleased with the crucial job we play in the country’s monetary flourishing. Beginning with a 10-worker branch in 1969, we presently have 15 branches and north of 121 ATMs all through the UAE, utilizing exactly 1469 staff.

Our needs before very long are to build our portion in the nearby and local business sectors and we are certain that our solid relations with our clients and accomplices will keep on giving us a significant upper hand, permitting us to confront future provokes and keep on enrolling palatable development rates to measure up to the assumptions of our investors.