Shamel El Kady
Dubai,DU
Summary
Highly committed & Flexible. Efficient & hard worker. High ability to achieve results, implementing controls, systems and processes within dynamic and challenging environments.
Highly organized and self-motivated professional experienced in project management, team development and process improvement. Skilled in developing and implementing strategies to increase efficiency and performance. Passionate about driving business growth and creating positive work environment.
Encouraging manager and analytical problem-solver with talents for team building, leading and motivating, as well as excellent customer relations aptitude and relationship-building skills.
Overview
17
17
years of professional experience
Work History
Associate Director - Securities Services
Emirates NBD Bank
01.2024 - Current
- Led teams of up to 3 personnel, supervising daily performance as well as training and improvement plans.
- Responsible for monitoring of Business-As- Usual operations, including settlement, cash transfer processing and reporting activities.
- Fostered a culture of continuous improvement by encouraging staff to share innovative ideas and providing resources for professional development.
- Prioritized tasks and allocated resources appropriately to keep teams focused and productive.
- Assisted senior leadership in managing all aspects of operations.
- Being a middle point between Operations and Business to ensure efficiency.
AVP - Securities Services Product Manager
Citi Bank Egypt
10.2020 - 12.2023
- Product focus of Custody business
- Taking ownership and responsibilities for the development of assigned products within the Securities Services business
- Engage prospects in coordination with the Client Management Team to grow the business
- Seek opportunities to increase product base and enhance revenue, whilst focused on cost optimization
- Work with Operations and all stakeholders to embed new products and maintain support existing services
- Develop the Securities Product offering and keep track on product effectiveness
- Focus on enhancement of existing product suit and implementation of new products
- Guide Operations to the highest standards based on strong technical knowledge
- Maintain strong relationships with the local securities depository, exchange and regulators and lobby for change to increase efficiency of the local market
- Work closely with Client Management team to develop Direct Custody & Clearing opportunities
- Full responsibility of the P&L for assigned product
- Handling product response for DDQ, RFI/ RFPs.
Head of Settlement - DCC operations (Direct Custody and clearing)
Citi Bank Egypt
06.2019 - 10.2020
- Managing a team of 4 people.
- Engaged in one of the biggest transitions of one of the largest global custodians in the last 10 years, from HSBC to Citibank.
- Engaged in securities system migration, from legacy securities services system to a new global system which enhanced the automation capability and improved the reporting level.
- Prepared the relevant process notes accompanied with daily check list including tasks and controls of the BAU.
- Monitor all outgoing payments on a back of FX transactions.
Deputy Head of Operations
Pharos Securities Brokerage
05.2015 - 05.2019
- Managing a team of 4 people
- Maintain strong relationship with local custodians and MCDR
- Management of the day-to-day execution Activity
- Ensure timely execution of all client instructions by the settlements team against trading desk
- Handling clients' queries and escalations
- Handling GDRs full process on trading and settlement level
- Ensure issues are closely monitored and follow up action taken properly
- Initiated a communication channel to report market news to clients
- Monitoring all corporate events announcements in the market and ensure proper reporting to clients.
Operations Manager
HSBC Bank Egypt
03.2011 - 05.2015
- FX Unit: Handling the FX unit functions, including all related daily work
- Processing FX payments.
- Responsible for the Foreign Exchange process for custody clients end to end
- Responsible for collecting clients' FX requests through the available channels
- Settlement Unit: Ensure timely execution of all client instructions by the settlements team against agreed Service Level Agreements, deadlines and time frames
- Consolidation of the Daily Settlements Activity reports at the end of day
- Ensures maximum coordination between settlements team and other daily operations teams when carrying out client instructions
- Proactively deal with counterparties to ensure swift and smooth settlement of customer transactions
- Ensure timely preparation of daily settlement reports both internally within the bank and externally to regulators and clients
- Corporate actions and fixed income: Ensure timely execution of all client instructions by the C/A team against agreed Service Level Agreements, deadlines and time frames
- Consolidation of the Daily C/A Activity reports at beginning and end of day
- Collecting dividends from MCDR in time to credit clients cash account in timely manner according to Service Level Agreements
- Monitoring all corporate events announcements in the market and reporting to clients via SWIFT
- Reconciling corporate events entitlements
- Attending companies meeting & processing votes on behalf of our clients
- Ensure timely preparation of daily C/A reports both internally within the bank and externally to regulators and clients
- Settlement and FX Associate: Handling the settlement & FX unit functions, including all related daily work
- Responsible of MCSD related processing
- Responsible for the Foreign Exchange process for custody clients end to end
- Responsible for collecting clients' FX requests through the available channels
- Handling the settlement of securities trades (safekeeping/ Cash)
- Monitoring failed securities trades and advice local brokers & relevant CSR accordingly
- Review of incoming, and authorization of repair and cancellation messages
- Acting as the main contact with Local Brokers, and the market Regulators (Central Depository and EGX)
- Responsible for GDRs settlement for clients
- Responsible of Nostro Breaks reconciliation.
Settlement and FX Associate
Citibank Egypt
07.2008 - 02.2011
- Handling the settlement & FX unit functions, including all related daily work.
- Responsible of MCSD related processing.
- Responsible for the Foreign Exchange process for custody clients end to end.
- Monitoring payments on a back of FX.
- Responsible for collecting clients’ FX requests through the available channels.
- Handling the settlement of securities trades (safekeeping/ Cash).
- Monitoring failed securities trades and advice local brokers & relevant CSR accordingly.
- Review of incoming, and authorization of repair and cancellation messages.
- Acting as the main contact with Local Brokers, and the market Regulators (Central Depository and EGX). Responsible for GDRs settlement for clients.
- Responsible of NOSTRO Breaks reconciliation
Treasury Operations Department (Back office Dealing Room)
Commerical International Bank
03.2007 - 07.2008
- Checking local and foreign deals
- Execute deals with all branches to settle the USD position
- Matching confirmations with foreign banks (MT300)
- Communicate with the CBE regarding the free market rates
- Reporting to CBE with customer's deals on a daily basis
- Strong knowledge in physical cash export and import (from/to Nostros).
Education
Bachelor of Business Administration - Accounting
Modern Academy
01.2006
Lycée La Liberte de Zamalek (French School)
01.2002
Skills
- Operations Management
- Process Improvement
- Financial Management
- Business Analysis and Reporting
- Decision-Making
Languages
English
French
Personal Information
Date of Birth: 08/20/85
References
References available upon request.
Timeline
Associate Director - Securities Services
Emirates NBD Bank
01.2024 - Current
AVP - Securities Services Product Manager
Citi Bank Egypt
10.2020 - 12.2023
Head of Settlement - DCC operations (Direct Custody and clearing)
Citi Bank Egypt
06.2019 - 10.2020
Deputy Head of Operations
Pharos Securities Brokerage
05.2015 - 05.2019
Operations Manager
HSBC Bank Egypt
03.2011 - 05.2015
Settlement and FX Associate
Citibank Egypt
07.2008 - 02.2011
Treasury Operations Department (Back office Dealing Room)
Commerical International Bank
03.2007 - 07.2008
Bachelor of Business Administration - Accounting
Modern Academy
Lycée La Liberte de Zamalek (French School)
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