IDB2476 - Treasury Operations Specialist

  • Business Unit
    Finance & CFO
  • Division
    Not Applicable
  • Department
    Treasury Department
  • Country
    Saudi Arabia
  • Location
    Saudi Arabia - Jeddah
  • Job Grade
    E1
  • Contract Type
    Regular Staff
  • Closing Date
    27-Jul-2020
JOB PURPOSE

Handle the treasury back office functions including the management of liquidity / cash flow positions, processing and settlement of deals and performing system maintenance and updates while ensuring accuracy and timely execution

KEY ACCOUNTABILITIES

Management of Liquidity and Cash Position

  • Monitor and review the bank account positions/statements and check the funds availability.
  • Prepare maturity profiles by arranging all outstanding investments and borrowing positions.
  • Review the weekly maturity reports to issue the notice to receive messages MT210 messages
  • Arrange needed replenishments to maintain the required balances in call accounts to cover outstanding payment obligations.

Deal Processing and Settlements

  • Review and process deal tickets for the Treasury Department’s transactions, including money market, sukuk, forex, and swaps, and ensure accuracy of all execution details
  • Ensure sufficient balances for any required transactions
  • Produce daily placement positions, reverse murabaha positions, and cash balances positions
  • Perform all settlements of deals with counterparties
  • Reconcile all daily trading activity ensuring the proper and timely settlement of all trades.
  • Participate in the system development and enhancement for Treasury Operations activities.
  • Liaise with correspondent banks and custodians to ensure proper and smooth execution.
  • Ensure that all transactions are released on time and cleared from SWIFT and AML Compliance systems.
  • Follow up with counterparties to send their confirmations on time and in compliance with agreements and commitment signed.
  • Ensure that proper end of day checks and controls are met.
  • Process all service invoices related to treasury systems and execution of transactions in compliance with internal process.
  • Ensure and follow up that all Treasury operation systems and printers are working properly.

Policies and Procedures

  • Adhere to policies and procedures that direct the management of cash processes that are in line with corporate policies, accounting best practices, statutory requirements and meet changing business requirements
  • Review policies and processes for the company related to processing payments, cash in/out flows and suggest recommendations for improvement
  • Review accuracy of all account details, ensuring full compliance with all bank polices and regulations

Reporting and Communications

  • Prepare the daily exposure limits for placements reports
  • Reconcile any difference between bank account statements
  • Generate reports on all deal processing and settlement activities as required
  • Prepare various reporting on liquidity portfolios under Treasury’s management
JOB REQUIREMENTS

Academic Qualifications:

  • Bachelors degree in Accounting, Finance, Business Administration or related field is required.
  • Certification in CTP, CerT,, CTM, any treasury relevant certificate is preferred.

Minimum number of years and nature of experience:

  • 5-7 years experience in finance, accounting, liquidity and cash management, 1 in payments processing.
  • Knowledge in treasury back office operations, settlements, swift system, financial markets, industry norms and procedures, Islamic banking structures and tools including money market instruments, sukuk, and swaps and /or other related fields.



JOB SPECIFIC COMPETENCIES
  • 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
  • Bank Knowledge
  • Accounting
  • Financial Management
  • Financial Reporting
  • Islamic Finance
  • Treasury System Knowledge
  • Billing, Invoicing and Claims
  • Monitoring and Reporting
  • Policies and Procedures

 

Languages
  • English (mandatory)
  • Arabic (mandatory)
  • French (preferred)
About Application Process

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

  1. Resume/CV