IDB2231 - Lead Treasury Operations Specialist

Business Unit: Finance Complex
Division: Not Applicable
Department: Treasury Department
Contract type: Regular Staff
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 02-Jan-2019
Role Purpose: Lead and supervise the processing and settlement of treasury transactions and deal settlements to ensure smooth and timely execution. Oversee cash management activities and relationships with banks by managing IDB’s cash, call, current and other accounts and selecting appropriate banks for each, determining the appropriate cash balances that need to be maintained for all funds under the Treasury’s management, ensuring proper and efficient implementation of payments transactions.
Key Accountabilities: Operational & Strategic Planning
• Contribute to the development and implementation of actionable objectives, planning processes, budgets and operational KPIs for the division
• Oversee division’s on-going transactions and quality of its output and services, identify and initiate proposals/actions for further improvements and innovations

Management of Liquidity and Cash Position
• Oversee short-term liquidity and cash management activities including forex requirements.
• Oversee maturity profiles, bank account positions/statements on a regular basis and oversee the funds movements
• Oversee all the liquidity deals processed on daily basis to ensure compliance of all liquidity requirements 
• Ensure efficient and error free processing of all treasury transactions with strict compliance to policies and procedures
• Supervise all transactions and ensure necessary procedures to minimize operational risks
• Develop IDB’s future cash movement plans and ensure availability of necessary liquidity required across different funds 

Deal Processing and Settlements
• Review the processing of deal tickets for Treasury Department’s transactions and ensure accuracy of all execution details
• Oversee all the settlement activities performed with respect to treasury transactions
• Supervise follow up activities on outstanding items and ensure necessary steps are taken in case of delay/failure of any sort
• Review daily placement positions, reverse murabaha positions, and cash balances positions on regular basis.
• Develop overall systems and procedures for payments through establishing and enhancing the payment channels with other banks.
• Manage the payments system for the IDB Group when required.
• Supervise the coordination with Financial Control Department (FCD) and other entities to manage disbursements & replenishments needs and follow-up IDB payment arrangements and understandings with financial institutions.
• Oversee Swift Administration & Coordination activities.
• Lead the system development & enhancements for Treasury Operations & Settlement activities.

Banking Relationship
• Handle banking relationships with corresponding banks 
• Build and maintain sound banking relationships with correspondent banks as well as to follow up on new standards/regulations governing international payments and banking relationships.
• Manage, update and maintain the database of banking relationships with all related details.
• Manage the IDB's cash, call, current and other accounts, selecting appropriate bank(s) for each purpose, in accordance with the established criteria

Policies and Procedures
• Lead formulation of policies and procedures for IDB on transaction processing, cash flow management and liquidity management
• Review existing policies and procedures and recommend changes to benchmark them with international practices and standards
• Ensure strict compliance of policies and procedures with treasury transactional activities
  
Reporting and Communications
• Oversee generation of reports on all deal processing and settlement activities as required
• Oversee preparation of various reports on liquidity portfolios under Treasury Management
• Maintain productive and effective working relationship within IDB Group entities and with external banks/partners
Job Requirements:

Academic qualifications
• Masters degree in Accounting, Finance, Business Administration or related field is required
• Certification in CTP, CerT,, CTM, any treasury relevant certificate is preferred 
• Certification in CA, ACCA or CPA 

Languages
• English and Arabic (mandatory) 
• French (preferred)

Minimum number of years and nature of experience

• 9 or more years experience in finance and accounting
• ERP experience 
• Adaptability
• Building Relationships
• Client Centricity and Responsiveness
• Motivation to Learn and Share
• Passion for Excellence
• Analytical Thinking
• Communication Effectiveness
• Drive for Results
• Knowledge, Learning and Communication
• Problem Solving
• Stakeholder Management / Client Orientation
• Strategic Planning
• Teamwork
• Monitoring, Processing, Confirmation and Settlement: Debt and Capital Markets Instrument Trades
• Monitoring, Processing, Confirmation and Settlement:  FOREX and Money Market Trades
• Custodial settlement knowledge
• Knowledge of cash management operations 
• knowledge of Payments systems and payment messages categories
• Correspondent Relationship 
• Treasury systems
• AML/KYC Compliance 
• Asset Liability Management Fundamentals 
• Islamic Finance

Location:

Jeddah, Saudi Arabia Headquarter

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