IDB2330 - Senior Treasury Operations Specialist

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