COO & Head of Investment Banking Operations

Job title: COO & Head of Investment Banking Operations
Employer: MRK Consulting Ltd
Location: Manama, Bahrain
Salary: >150,000 -
Salary Description: circa USD350k (flexible) inclusive of basic and cash benefits such as executive level housing and transport. Education allowance for children is offered where appropriate.
Date posted: 13-09-2007


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COO & Head of Investment Banking Operations
Middle East

Our client is a full-service international Islamic Investment Bank currently involved at the cutting edge of innovatively structured funds and Sukuk issues. As part of their continued growth and development, they seek a senior Banking Operations professional from an investment bank to build a world class banking operations division in Manama, Bahrain.

The Bank
The bank has six core business lines: Global Private Equity, Capital Markets and Treasury, Asset Management, Strategic Mergers and Acquisitions, Corporate Finance Advisory, Takaful (Insurance). It has achieved consistent growth since its inception and has received industry recognition for excellence and vision.


The Role
Reporting to the CEO, as Head of Banking Operations, you will be the driving force in reorganizing its back office and middle office functions to centralize most of the non-front office-related activities - Operations, Treasury and Client Relations. In addition to ensuring the smooth running of all bank operation processes, key objectives include the establishment of an Asset Management operations function to manage the bank's mutual funds NAVs etc, developing an automated deal matching confirmations process and implementing automated payments and settlement and messaging functionality using the new core banking system.

The Person
An exceptional Operations Officer from an international Investment banking background, your experience will be strongly biased towards middle and back office activities. You will have operational Treasury and Capital Markets experience and proven experience of (or capacity to) build on existing client servicing department with a ‘hands-on’ build approach. Experience in emerging markets is required in order to thrive in this fast-pace-growth environment. Entrepreneurship is key, in order to fit with the “start-up” culture of the bank, where enthusiasm, reactivity, openness to new development is a must. Personal flexibility and the ability to work with a demanding, performance-driven, hands-on and very focused CEO is critical. This role requires outstanding communication skills coupled with a very diplomatic and culturally sensitive manner ideally gained in an Islamic financial institution. Those with Arabic language skills will be at a distinct advantage but not at the expense of operational excellence.

In addition to a business related basic university degree you must have either a post graduation (MBA) in a business discipline or a professional qualification such as ACA, ACCA, FCA, ACIB or equivalent practical ‘on the job’ experience.

You must possess significant relevant experience with reputable investment banking institutions of which most should have been spent as a divisional or group head of operations.

The Rewards
An ex-pat package circa USD350k (flexible) inclusive of basic and cash benefits such as executive level
housing and transport. Education allowance for children is offered where appropriate.

Contact
Please contact Michael Ketley on mike@mrk-consulting.com with your CV and an application letter.

Contact:
Michael Ketley