KEY ACCOUNTABILITIES & ACTIVITIES
|
|
Key Accountabilities
|
Key Activities
|
|
Strategy development and business planning
|
- Lead the formulation, development and implementation of the Treasury Department strategy in support of ICD’s goals and in response to emerging trends or client/customer needs
- Develop, implement and monitor the Treasury Department’s business plans, KPIs, budgets and objectives
- Identify opportunities and champion initiatives that enable the Treasury Department to increase its impact or to deliver innovative and differentiated services, encouraging Department members to fully contribute
- Ensure the Treasury Department works effectively, proactively and with urgency across ICD Group and externally to ensure the delivery of joint services/results that meet IICD’s interests
- Encourage and motivate due commitment to the mission of the ICD, translating broad strategies into specific objectives and action plans; aligning the organization to support strategic priorities.
|
|
Product Development / Investment Management
|
- Achieve sales income, liquidity provision set by executive management in accordance with approved annual business plans
- Propose hedging and Treasury products to manage/mitigate market risk and to take benefit from market rate movement
- Identify, design, modify and propose Treasury products to ALCO/ICD Management for transaction in aid of Asset Liability Management function.
- Develop and recommend investment opportunities for ICD and managing the foreign exchange risk
- Review and contribute to ALM’s policies related to liquidity, income / currency management practices and financing pricing
- Contribute to the development of Shari’ah compliant liquidity investment/financing products in addition to Sukuk i.e., trade finance, and other suitable instruments; market and promote to potential investors
- Participate in the conduct of studies on treasury related policy issues, evaluate outcome / results and advise Management on potential actions to be undertaken
- Evaluate and monitor ICD treasury products and services, performance, market developments and recommend appropriate actions to management
- Monitor the performance of relevant funds and ensure that Fund Managers operate with established investment guidelines / mandates
|
|
Budget
|
- Oversee Treasury Department budgeting cycle and lead the budgeting process in conjunction with organizational budget
- Ensure effective utilization of Treasury Department budget, and report accurately on progress made and challenges encountered
- Investigate and propose implementing strategies that result in positive financial impact for ICD and mitigates financial and operational risks
- Direct Treasury Department effectively within budget, track expenses and ensuring adherence, and report accurately on progress made and challenges encountered,
- Prepare, submit and justify budget enhancement requests to the CEO
|
|
Treasury Management
|
- Review IICD business units plans to assess and evaluate their funding requirements and liquid funds available for investment purposes
- Monitor economic and market trends / developments and anticipate potential impact on ICD’s financial soundness / progress and proactively recommend appropriate strategies / policies and actions to ensure the achievement of medium-term financial targets
- Leverage the ICD’s assets available for potential securitization to secure finances at competitive market rates from domestic / capital markets in line with established policies, procedures, and risk parameters, and Shari’ah principles to generate appropriate returns on investment and manage the ICD’s external borrowings / liquid investments
- Review and endorse treasury operations and future projections for discussion and approval by Management
- Evaluate, monitor and forecast the impact of treasury policies on the ICD’s liquidity position and recommend appropriate actions to Management
- Evaluate and Monitor of the middle and back office operations, latest developments in accounting, controls and the legal and regulatory environment in which major borrowers and investors operate.
- Coordinate with the regional office team to execute the fund raising process for ICD at the minimum possible COF thereby ensuring ample liquidity for managing business at any given point in time
- Manage ICD's ALM position and its long-term & short-term funding & liquidity needs, so as to maximize yield over the long term in line with the overall asset-liability management strategy
- Identify risks due to exposure to foreign exchange rate fluctuations, interest rates, liquidity and other counterparts and taking diligent steps to reduce or neutralize these risks
- Ensure protection of capital and maximizing returns from all treasury activities within specified ALCO limits, risk parameters and local regulation. Managing cost of funds to maximize profitability
- Formulate and implement the dealing strategy and supervising the trading activity in Money Markets, Fixed income, derivatives and Fx
- Set up large treasury dealing room to manage ICD funds as well as for sister companies and potentially for external parties.
- Manage direct & indirect liquidity provision costs and other related operational expenditures within allocated operational parameters, as applicable, without compromising quality.
|
|
Knowledge Sharing & Innovation
|
- Ensure introduction of process innovation and professional development for increasing efficiencies in the Department in accordance with the best business practices
- Develop consultations, convene meetings, and review studies and benchmarking to promote awareness and harmonize activities with other MDBs on best practices in the Treasury areas
- Represent ICD in Treasury-related matters in multilateral and regional events and forums, policy discussions and dialogues, conferences, and communities of practices
|
|
Reporting & monitoring
|
- Maintain and provide data for liquidity management to the top management for decision making and to MIS for processing
- Ensure minimization of operational and market risk by adherence to internal guidelines and external regulatory framework. Ensuring satisfactory ratings in all audit compliance
- Alert executive management of market fluctuations, and any shortfalls or discrepancies in funding, FX, pricing and other elements of funding
- assist in preparation of ICD annual reports and other reports related to the mandate of the division and for the submission to the management, BOD .
|
|
Governance and Systems
|
- Develop and manage implementation of standards, policies and processes for optimal support to the Finance functions
- Ensure that all the department services are provided effectively, aligned with best practices and guidelines, and utilized in an efficient and cost-effective manner to support the business needs
- Define clear roles, responsibilities and accountabilities, along with matching authorities, to provide a structures that would strengthen accountabilities at all levels of the Department
|
|
Stakeholder Relationship management
|
- Act as the focal point for all matters related to Treasury matters and represent ICD on relevant forums
- Maintain strong dynamic internal relationships with executive management and ALCO also to work on developing good relationship with external vendors such as Central Banks and other Banks across the globe.
- Establish, maintain and / or enhance working relationships with major multilateral institutions, investment banks and financial institutions in the area of new Islamic financial product development to mobilise financial resources
- Build and develop productive working relationships within ICD and with external partners for joint working and knowledge sharing
|
|
Performance
& people management
|
- Participate in the identification and recruitment of key talent for Treasury department
- Provide motivational and inspirational leadership for the Treasury department, and communicates to Division Managers clear performance expectations
- Manage the performance and resources of the Treasury department through delegation of responsibility, setting stretch objectives and providing regular feedback on results at a Department and Division level, promptly addressing areas of underperformance
- Monitor and assess the skills and capabilities of the Department, and determine the actions needed to increase the Department’s impact or to resolve capability gaps
- Coach, mentor and develop the Division Managers and the top talent/high potentials in the Department; succession plan for key roles
- Act as a role-model to communicate to Department members ICD’s values and leadership competencies; provides direction and support in times of change
- Promote a high-performance working environment and promote ICD's values
|