Role Summary

The incumbent will be a leader in the Countries Treasury Trading and ALM function. The incumbent will conduct inter-bank generated and related transactions for the Country both domestically and across the international network with regard to trading and monitoring of all positions in Money Markets, FX, Fixed Income and Derivatives & Structured Products, as well as all implemented hedges, as per instructions. 

Role Description

• Responsible for the overall management of Foreign Exchange, Money Markets, Fixed Income and Country International Treasury Desks by providing adequate guidance, motivating personnel and organizing the unit activities
• Lead in the development and the implementation of annual business plans for the Trading Department with emphasis on achievement of set targets/ objectives, business growth and expansion in accordance to the Country’s overall strategy. This will include the implementation of business plans of all international Treasury activity across the network, including liability raising and revenue targets.
• Achieve comprehensive revenue contribution in excess of Annual Targets for Treasury Trading Department. This figure will change as per the bank’s overall growth target on a year by year basis.
• Achieve Country balance sheet targets in line with annual business plans.
• Lead in the formulation, implementation and evaluation of the Treasury strategic and business development plans and achievement of related short and long term business goals both locally and internationally.
• Develop/ creates Key Performance Indicators (KPIs) created for the purpose of systematic performance monitoring and quality measurement purposes for the Trading Department and monitor their achievements.
• Act within the limits of the powers delegated to the incumbent and delegate authority to the respective staff and monitor exercise of the same
• Monitor and control overall risk (liquidity, interest rate sensitivity, foreign exchange, and hedging) and be responsible for adherence for all limits.
• Recommend limits counterparties, products, country, mismatch, gap, overall risk as per the delegated authority.
• Trading positions, and verify department’s trading positions ensuring timely and objective revaluation of outstanding positions.
• Review and channel suitable structured Treasury products through the new product approval process.
• Coordinate with Dealer Treasury Sales with respect to the identification of new structured products for potential client distribution.

Qualifications

• Bachelors Degree in Business, Finance, Mathematics, Engineering or Economics (Masters Preferred).
• CFA, or related professional certification is preferable.
• Minimum 8-10 years diverse Treasury experience.
• Prior Country experience would be an advantage.
• Excellent oral and written communication skills in English and Arabic (preferable).
• Good knowledge of a wide range of Treasury products.
• Good MS Office skills (Word, Excel, PowerPoint).
• Excellent presentation skills.
• understanding of Capital Markets and Derivative instruments.
• developed strategic perspective and forward planning ability
• Analytical and problem solving skills coupled with decision making ability.
• Understanding of the relevant laws, regulations and practices pertaining to Treasury Trading.
• Good interpersonal skills.