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Middle Office Specialist - Islamic Finance & Global Markets

Groupe BPCE Dubai, United Arab Emirates
Posted 23 hours ago Permanent Competitive

Middle Office Specialist - Islamic Finance & Global Markets

Groupe BPCE Dubai, United Arab Emirates
Middle Office Specialist - Islamic Finance & Global Markets

Description de l'entreprise



Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d'Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE's networks.



Natixis Middle East is focused on:



• Structured finance in our four core sectors, Natixis being one of the leading banks in financing renewable energy.



• Global Markets, Fixed Income, Equities and Commodities.



• Trade Finance Solutions



• Islamic Finance



• Investment Banking, DCM, ECM and M&A



• Coverage



Natixis Middle East region spans 14 countries from Egypt to Turkey, but our main focus is in the GCC countries.




Poste et missions



MIDDLE OFFICE SALES - ISLAMIC FINANCE & GLOBAL MARKETS Name of Staff: TBC Date of Join: TBC Entity: Natixis Dubai Department: Islamic Middle Office Job Title: MIDDLE OFFICE SPECIALIST - ISLAMIC FINANCE & GLOBAL MARKETS Corporate Title: VP Leader Role [optional]:

[to remove this row if not applicable] NA Location: Dubai Geographic Scope of Activity: Reporting Line: Functional: [Global Markets Middle Office London]

Local: [GM & Treasury Sales Dubai ] This job description will be reviewed periodically to ensure alignment with the evolving needs of the organization. Any updates will reflect changes in responsibilities, strategic objectives, and industry best practices, ensuring the role remains relevant and effectively supports the organization's goal. Role Summary The Middle Office Specialist in Islamic Finance serves as the critical operational bridge between Global Market Sales and Structuring team in Dubai and the operations.



This role is responsible for the end-to-end coordination, operational control, trade validation, and lifecycle management of Sharia-compliant global market transactions (OTC and structured products). The successful candidate will ensure that all transactions strictly adhere to the legal and operational guardrails set by the bank, while maintaining pristine transaction management in the systems to comply with sharia policy

Key Responsibilities Operational Duties / Business-as-Usual (BAU) In line with the sharia principles - the role will encompass by order of importance : • Commodity Murabaha (Tawarruq) Coordination: This is the key aspect of the role: work directly with commodity brokers on trade orders when payoff dates kick in and ensure that they are dully exectuted in line with our islamic finance policy. • Trade Booking Validation: Verify complex Islamic structured products, ensuring the correct mapping of "shadow" conventional risk tickets to their corresponding Islamic term-specific wrappers • Trade confirmation: drafting and issuance of execution of the relevant trade confirmations including but not limited to Designated Future Transactions (DFT) confirmations, Undertakings or transaction schedules to generate. Control and validate with external counterparts • Settlement & Post-Trade Lifecycle Monitoring: Control with operational teams that all cash flows are settled and persuant to commodities trades, promises or certificate transfers. • Reconciliations: Reconcile daily cash and securities balances as well conventional legs with Murabaha transactions. Revert timely to any specific audit request to check sharia conformity for the transactions. Maintain an auditable track record of bookings, confirmations and legal documents collected during the islamic deal lifecycle • Knowledge maintenance: Every time a new Sharia-compliant structured product is validated internally , immediately draft and integrate its bespoke end-to-end operational booking and settlement workflow. Document and maintain the Service Level Agreement with bank internal clients and customers for all key operational BAU processes and pinpoint all exceptions for client and/or products

Liaison and Risk Management • Assist Structuring team for external Sharia auditors and internal compliance.

• Responsible for record-keeping of all Islamic operational aspects. Auditable and accessible records must be well kept for any ad-hoc or recurring request • Lead System Integration Testing (SIT) and User Acceptance Testing (UAT) for new system modules, system upgrades, or bespoke Islamic fintech wrappers Qualifications and Education Requirements • Bachelor's degree in Finance, Economics, Banking, Islamic Jurisprudence, or related discipline. • Min 6 years of relevant experience in operations specifically on global markets activities (IRS, FX Der, Repo, Structured deposits). • Hands-on experience with core banking systems such as Murex, Calypso, or Kondor+ • Nice to have: Proficiency in Python or Alteryx for developing automated reconciliation workflows. Dataviz tool experience (Power BI, Tableau) is also a plus Skills and Competencies • Islamic Product Knowledge: Proficient operational understanding of Murabaha, Wa'ad, etc. • Comfortable to explain specificites of popular islamic products (PRS, Islamic CCS, etc.) and/or key player markets (UAE, Saudi Arabia, Qatar, Indonesia, Malaysia) • Native or professional-grade fluency in English is mandatory. Conversational or business-level Arabic is a strong advantage • Automation Mindset: Proactively identify opportunities for automation within daily processes to improve efficiency and reduce manual errors • Meticulous Attention to Detail: Essential for managing multi-step timestamped execution • Collaborative Mindset: Capable of working effectively in a fast-paced environment across Front Office traders, Back Office settlement , and external commodity brokers.




Profil et compétences requises



Yourself & Beyond ...

Job ID  515576056
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