IDB2476 - Treasury Operations Specialist

Business Unit: Finance Complex
Division: Not Applicable
Department: Treasury Department
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 27-Jul-2020


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


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


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.


  • 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



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