Banking Jobs In UAE | Emirates NBD Careers
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Emirates NBD announced on its official Linkedin page a vacancy
Assistant Manager – Bancassurance Operations, Wealth Management Ops & Middle Office
Bank Careers In UAE
- The banking industry in the United Arab Emirates (UAE) is one of the most vibrant and competitive sectors in the region.
- With its strong economic growth, UAE has become a hub for international financial services and investment opportunities.
- This has created numerous career opportunities for professionals from all over the world looking to make their mark on this dynamic market.
- A career in banking can be an exciting and rewarding experience with plenty of potential to progress within an organization or expand your horizons by switching jobs between different banks or even countries.
- The sector offers highly attractive salaries, benefits packages, great learning experiences as well as personal development prospects that are hard to find elsewhere.
- Overall if you have right mix qualities along with relevant qualifications then there’s no better place than UAE when considering building long lasting successful careers in Banking Sector!
Duties and responsibilities
- Bancassurance applications between Third Party Service Providers and the Bank, ensuring that funds are remitted, and policy documents are received within agreed TAT.
- Liaising with Third Party Service Providers for follow-up of applications for bancassurance products and receipt of commission/Referral Fees.
- Effectively manage overall Team activity & ensure all applications/ transactions are processed as per the department processes and guidelines.
- Supervise guide and support activities of members in the team to achieve unit’s objectives.
- Maintain up to date operational procedures for the department and monitor and ensure compliance with internal and external guidelines, policies and regulations relating to investment operations.
- Propose improvements to department/unit policies and ensure that subordinates adhere to internal operational policies and procedures in order to enhance service delivery.
- Ensure adherence to applicable policies and procedures to safeguard the Bank’s interests.
- Implement and maintain efficient processing procedures and control zero operational losses. Report of any discrepancies to management.
- Handling and responding to Audit as required by Management
- Control commission payment reconciliation and monthly premium tracking.
- Maintain MIS of bancassurance products processed by the unit e.g. premium paid and commission earned. Ensure preparation / submission/ dissemination of relevant reports / reconciliations and MIS s to the concerned departments as per the agreed cut off for management information / action.
- Coordinate with other departments to ensure prompt service and resolution of any issues.
- Ensure that customer complaints and transaction irregularities are investigated and make appropriate recommendations to prevent similar occurrences.
- Escalate client issues and complaints on operational matters to higher-level management, when necessary.
- Coordinate with Product Manager for each product launch.
- Highlight specific system issues & raise required remedy for resolution.
- Perform UAT as per business requirement.
- Develop skills and competencies of team members in order to improve competency levels and flexibility within the team.
Knowledge, Skills And Experience
- Graduate/ Post Graduate.
- 10 years+ Operations experience in a Bank, Brokerage, Investment management company is desired.
- Knowledge of bancassurance operations, System & Serves is a must.
- Excellent interpersonal and team management skills.
- Strong judgment and decision-making skills.
- Good analytical skills to analyse, interpret, resolve and improve productivity.
- Ability to identify, analyse and manage operation risks.
- Ability to multitask and work under pressure.
- Ability to work within a team.