Policies, Processes & Procedures: Designs and Implements approved departmental policies, processes, procedures and provides instructions to subordinates and monitors their adherence so that work is carried out in a controlled manner.
Day-to-day operations: Monitors the day-to-day operations assigned for Treasury operations function(s) to ensure compliance with the established standards and procedures.
Treasury Operations: Monitors the execution of the trade confirmation and settlements in accordance with concerning procedures and authority level, in order to make the appropriate funding available to finance the business.
Monitors processing deal tickets (such as; daily creation and approval operations related to all deals such as FX, Exchange of deposits, overnight placements/ borrowings), in a timely manner and as per policies and procedures.
Reviews the cash flow forecast and daily FX position report before submitting to Front Office.
Identifies and reports potential defects/breaches in the operation, in order to contribute to their timely solution and avoidance and suggest changes to the process in order to review potential defects.
Ensures smooth coordination between any relevant parties/functions (e.g. Treasury) in order to maximize on efficiency, timely delivery and service quality.
Ensure adherence to the Treasury regulatory instruction and requirements.
Ensure all queries relating to accounting are appropriately dealt with.
Review & Control: Reviews performed transactions and executed deals and ensures compliance with all Riyad Bank and SAMA procedures and regulations in order to minimize exposure to risk and to safeguard the bank against financial loss.
External Communication: Handles contact with third parties such as SAMA, Correspondence Banks, Treasury Customers etc following up on payments, requesting information and communicating with other banks in order to ensure all necessary information is gathered for completing the transaction.
Operational Efficiency: Ensures the availability of a consistent and streamlined maker-checker structure, in order to achieve error-free processing and high turnaround of service.
Ensures archiving of all documents as per the policies and guidelines for sustainable operational efficiency.
Direction of Subordinates: Supervises the activities of subordinates ensuring that work runs smoothly and acts to resolve escalated issues rapidly and efficiently.
Continuous Improvement: Lead all treasury related change request from Operational perspective. Contributes to the identification of opportunities for continuous improvement of systems, processes and practices taking into account international best practice, improvement of business processes, cost reduction and productivity improvement.
Analyses & Reports: Directs and supervises analysis of data for a specific area of Treasury Operations activity to establish trends and efficiency/quality opportunities so that any necessary corrective/improvement actions can be applied.
Reviews and leads the preparation of statistical reports according to prescribed schedules for use by senior management in decision making processes.
People Management: Supervises one or more teams and contributes to the provision of leadership support (i.e. reviewing performance and providing ongoing feedback on a formal & informal basis) so that supervised employees are aware of what they are required to achieve and how they are performing.
Safety, Quality & Environment: Ensures compliance to all relevant safety, quality and environmental management policies, procedures and controls across the department in order to guarantee employee safety, legislative compliance and a responsible environmental attitude.
Related Assignments: Performs other related duties or assignments as directed.
Qualifications
Minimum Qualifications: Bachelor's degree in Finance or any related discipline.
Minimum Experience: 8-10 years relevant experience in Treasury Operations / Investments.
Language: English: Advanced.
Required Skills
In depth Knowledge of banking processes and back office support for Treasury operations.
Broad Knowledge of SAMA and other applicable rules and regulations.
In depth Knowledge of a specific area of dealing and all relevant products/financial instruments.
General Understanding of economic and market drivers for treasury products.
In depth Understanding of managing risks in treasury operations and investments.
