IDB2330 - Senior Treasury Operations Specialist

Business Unit: Finance Complex
Division: Not Applicable
Department: Treasury Department
Contract type: Conditional Regular (Indefinite) Employment
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 30-Aug-2019
Job Purpose: Monitor treasury operations functions and review/verify transactions cleared at earlier levels. Contribute towards developing and enhancing treasury transactions processing, settlement procedures, treasury systems and overall management of liquidity and cash flow positions.
Key Accountabilities:

Operational & Strategic Planning

  • Participate in the development and implementation of actionable objectives, planning processes, budgets and operational KPIs for the division

  • Follow up and report on 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

  • Plan short-term liquidity and  cash management activities including forex requirements

  • Review maturity profiles, bank account positions/statements on a regular basis and oversee the funds movements

  • Review all Liquidity Investment and Capital Markets trades to ensure compliance with liquidity requirements and adherence with agreements signed with Counterparties.

  • 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

  • Coordinate 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

  • Monitor 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.

  • Liaise with correspondent banks and custodians to ensure proper execution and resolve any outstanding matters.

  • Ensure that all Treasury related transactions are released from Swift and AML screening systems.

  • Minimize manual processing and ensure proper manual procedures are in place.

     

     

    Policies and Procedures

  • Formulate 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

  • Prepare comprehensive reports on all deal processing and settlement activities as required

  • Prepare various reports on Treasury operations.

  • Maintain productive and effective working relationship within IDB Group entities and with external banks/partners

     

    Banking & Account Management

  • Handle banking relationships with corresponding banks & counterparties.

  • 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.

  • Update and maintain the database of banking relationships with all related details.

  • Manage the IDB's cash, call, current and other accounts, assist in selecting appropriate bank(s) for each purpose, in accordance with the established criteria

Academic qualifications:

  • Masters degree in Banking, Finance, Accounting, Business Administration or related discipline

  • Certification in CTP, CerT,, CTM, any treasury relevant certificate is preferred

Languages:

English (mandatory)

Arabic or French (preferred)

Minimum number of years and nature of experience:
  • 7-9 years experience in finance and accounting

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