Summary
Overview
Work History
Education
Skills
Timeline
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AHMED BAKEER

AHMED BAKEER

Abu Dhabi

Summary

A highly motivated, professional, bi-lingual (Arabic & English), flexible, positive and responsive to change, with exceptional communication, administrative and organizational skills; able to prioritize workload and multi- task to meet deadlines. Experienced Middle & back office operations withover 10 years of experience in Banking and financial services industry. Excellent reputation for resolving problems, improving customer satisfaction, and driving overall operational improvements. Consistently saved costs while increasing profit.

Overview

15
15
years of professional experience

Work History

Specialist

09.2019 - Current
  • Capital Market Operations, Global Markets operations (FAB)
  • Daily cash and position reconciliation of Capital market portfolios against custody positions
  • Interaction with Global as well as Local Custodian for Settlement and trade support.
  • Settled more than 50 trades per day.
  • Account servicing for Global Market clients from wide range of products and portfolios managed within scope of global markets across various regions including but not limited to :
  • International Equity
  • Fixed Income (Bonds)
  • GCC and MENA Equities
  • Egypt Treasury Bills and bonds
  • Collateral securities & Collateral cash
  • Ensure all capital Markets related transactions (Equity, Treasury Bills and
  • Bonds) are executed by Global Market department are successfully matched, validated, confirmed and settled within stipulated time frame in appropriate systems, and all life cycle events are captured, booked and instructed accurately
  • Monitor all breaks derived from reconciliation report, in order to resolve and escalate where necessary.
  • Assisted with staff training to enforce quality, safety and sanitation guidelines

Assistant Vice President /Manager

08.2016 - 04.2019
  • Fund Accounting, Custody &
  • Reconciliation at (FAB)
  • Calculation & publishing of Net Asset Value (NAVs) for Global asset management Funds on daily and weekly basis as per Global Asset management guidelines
  • Ensuring that all work is processed efficiently, timely and accurately
  • Provide all unit holders of NBAD mutual funds managed by bank with accurate valuations as per predefined schedules (daily & weekly)
  • Maintain proper books of accounts for those mutual funds managed by
  • Bank where FCIS provides Fund Accounting service
  • Co-ordinate between all relevant departments in relation to these funds
  • Client interface in charge of team, responsible for answering and resolving client inquiries relating to section
  • Help in development of relationships with stakeholders and internal / external counterparties.
  • Be first point of escalation for section
  • Supervision of staff assigned to Fund Administration section
  • Prepare Financial statements for regional Funds as per request of
  • Global asset management appointed External Auditors
  • Provide fund Administration services to private portfolio mutual fund
  • Daily NAV, producing weekly performance reports against listed benchmarks and monthly fund fact sheet.
  • Preparation and reconciliation of monthly trial balance between fund books and client’s books
  • Supporting Custody settlement team in trade settlements and responsible for verifying client/market and broker instructions covering Local UAE markets as well client / counterparty instructions in GCC Markets where appointed local sub custodian in each respective country.

Analyst

10.2008 - 06.2016
  • Updating of Capacity planning reporting, ensure all activities of fund accounting team are captured within current FTE.(Full Time Equivalent
  • Enrolment)
  • Business continuity management testing once per year to ensure BAU (Business as usual) and internal systems are running Smooth in case of natural disaster through disaster recovery testing
  • Nominated by head of division to participate in integration project for merger between Legacy NBAD and Legacy FGB bank, trough out all project phases until go live day 1 of target systems
  • Responsible for MIS/KPI & KRI tracking for fund accounting team.
  • Allocated work assignments and tasks to comprehensively manage administrative projects
  • Managed hiring, training, development and supervision of employee
  • National Investor, Abu Dhabi
  • Middle office
  • Coordinating subscriptions and redemptions with investors and administrators and ensuring that all relevant documents are obtained and number of shares is accurately assigned/issued
  • Updating corporate actions in SOPHIS system and follow up with custodian for timely recovery
  • Preparing risk report, monitoring deviations against benchmark and monitoring fund's compliance with Prospectus and investment
  • Committee guidance (UCITS)
  • Monitoring and reporting daily fund performance against benchmarks, peers and MENA market performances
  • Preparing reports/statements to investors on weekly and monthly basis
  • Reviewing counterparty exposures to ensure that Funds are within limit as per Prospectus, any breach is reported to Fund Managers for resolution
  • Preparing Funds' top 10 holdings on daily basis to be reported to
  • Fund Managers
  • Assisting colleagues in preparation of presentation to be used during
  • Investment Committee meeting on bi-monthly basis
  • I am also assigned to take minutes of meetings
  • Devoted special emphasis to punctuality and worked to maintain outstanding attendance record, consistently arriving to work ready to start immediately
  • Back office:
  • Opening of brokerage accounts as requested by Fund Managers (already opened more than 50 brokerage accounts)
  • Preparing cash forecast for fund manager before market opens covering multi currencies, cash transit, expect timeline for cash available for trading
  • Instructing custodian for trade settlement and updating internal system (SOPHIS)
  • Negotiating foreign exchange rates with banks to ensure that best rates are obtained and executing foreign exchange rate deals and ensures that there is enough cash deployed to respective trading bank accounts to settle trades
  • Reviewing daily Net Asset Value of Fund prepared by
  • Administrators
  • Coordinating with Administrators to ensure timely completion of Net
  • Asset Value and its publication
  • Review includes reconciliation of holdings between SOPHIS
  • Administrators and custodians, review of cash, fees, accruals, due from/to brokers and other significant transaction
  • Relationship Management: Managing relationships with Brokers
  • Custodians, VAT consultants, Directors, Clients, Regulatory inspectors
  • Internal and external auditors, Board Members etc
  • Knowledge of Investment Banking products, custody and Fund Services
  • Products.

Education

MBA - Business Administration

Edinburg Business School(Heriot Watt University
12.2019

Bachelor degree (B.Sc) - Business Administration

University of Jordan
2008

Skills

  • Asset Management internal
  • System – SOPHIS, Factset, and
  • Advent portfolio exchange
  • Bloomberg and Reuters
  • Banking/custodian online
  • System such as CitiDirect
  • DBDirect, HSBC
  • T24 core banking system
  • Knowledge in SWIFT alliances
  • Knowledge of Investment Banking products, custody and Fund Services Products
  • Treasury Bills and Bonds
  • Murex System

Timeline

Specialist

09.2019 - Current

Assistant Vice President /Manager

08.2016 - 04.2019

Analyst

10.2008 - 06.2016

MBA - Business Administration

Edinburg Business School(Heriot Watt University

Bachelor degree (B.Sc) - Business Administration

University of Jordan

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AHMED BAKEER