Operations Manager

 

Description:

Al Ramz Capital L.L.C. is seeking for an Operations Manager that will ensure that transactions of the Front Office are carried on appropriately and in accordance with prescribed policies and procedures. Will monitor and ensure fund movements between accounts following the instructions of the Customer Service and Brokers and will be primarily responsible with settlement functions.

 

Key Responsibilities:

 

Financial Operations

Ensure integrity of financial operations of the business. Will undertake the auctioning and processing of transaction between accounts. Produce reports, verifying information and reconciling balances. Review various accounting functions including accounts management, revenue accounting and collection monitoring.

 

Back Office Transaction

Supervises back-office transactions which include gathering client requirements from the customer service and marketing department, following up with the brokers and checking the client accounts on each transaction. Prepare regular reports to support daily trading transactions. Responsible for ensuring that regularity of transactions and for providing regular reports and confirmations to clients of the Company.

 

Documentation & Controls

Supervises all documentation received from Customer Care Officers and Broker Representatives and ensures adequate controls are in place to identify and prevent insider trading.

 

Report Management /Reporting

Reviews management information reports summarizing daily transactions and formulate commission to be invoiced on each account. Develop periodic reports, financial plans and client reviews to be submitted to Head of Finance and Operation for his review. Monitors credit transactions vis-à-vis approved limits and submits reports accordingly to the Management.

 

MIS & Performance

Assists the Head of Finance and operations to develop and maintain management information systems (MIS) and to develop and maintain business performance management mechanisms for Al Ramz Capital.

 

Technical Assistance

Provide technical assistance to the department and other departments, such as conducting research on listed securities, managed funds, market conditions and government regulations.

 

Settlement

Will be responsible in preparing payments for settlement dues and compute daily net broker position for submission to the Executive Management. Will be responsible in assisting the Head of Finance and Operations in ensuring that all settlement obligations are paid as and when required. Will deal with Brokers to obtain required approvals and arrangements with regard trading limits – increases or deviations.

 

Liaison

Effectively interact with all internal departments, Customer Care Team and Brokerage and Brach Offices.

 

Qualifications & Experience:

• BSC in Accounting or a professional accounting qualification like ACCA, CPA

Five (5) years of finance, administration, and back-office transactions experience in the same industry

Competencies/ Skills:

• Financial and stock market trading business knowledge
• High-level understanding of back-office requirements in the same industry
• High-level communication skills in English and Arabic
• Good analytical, judgmental, and interpretative skills.
• High-level IT Skills