Head/Manager – Treasury Operations – Commercial Bank of Kuwait

Job Purpose

  • Manage Treasury Operation Department and ensure prompt settlement of following transactions concluded by Treasury, Investment Department, International Banking Division and Private banking. Ensure error-free processing to avoid loss to the bank.
  • Set Goals for the improvement of the department.

  • Treasury
  • Loans & Deposits, Foreign Exchanges, Treasury Bills & Bonds, Nostro Funding Derivatives (Options, Forward Rate Agreement-FRA, Interest Rate Swaps-IRS, etc.) and Certificate of Deposits.
  • Investment Department
  • Equities, Bonds, Floating Rate Notes-FRN, Funds participation and Private placements
  • Private Banking
  • Corporate Client’s private investment in Global Equities and Funds through Intermediatories.

Key Accountabilities

  • Authorization of high value payments
  • Ensure payments are in line with Anti Money Laundering (AML) policy
  • Resolve problems related to all transactions undertaken by Treasury Operations mainly payment defaults by counterparties
  • Authorize update of counterparty and county limits in system
  • Monitor limit exceptions and obtain management’s approval
  • Authorize payment of brokerage, Bank’s commission charges and custody fees.
  • Monitor Nostro accounts overdrawn balances and justify charges levied.
  • Monitor inter-system suspense accounts and ensure they do not have any error balances.
  • Authorize update of O/D interest rates, received from treasury, in the Host.
  • Authorize issuance of Certificate of Balances to the clients.
  • Authorize release of trades to Treasury for cancellation if required.
  • Review Investment Trades and ensure appropriate management approvals are obtained prior to release of payment.
  • Review reconciliation memos received from Financial Controls and resolve them.
  • Preparation and control of department’s yearly budget.
  • Prepare staff performance appraisals and identify training needs of the department.
  • Contribute to maintain good quality of customer service.
  • Maintain Service Level Agreement (SLA) with internal clients.
  • Review and arrange to amend procedures from time to time.
  • Review and help respective departments to evolve procedure&

    Job Details

    Date Posted: 2018-01-17
    Job Location: Kuwait
    Job Role: Banking
    Company Industry: Banking

    Preferred Candidate

    Career Level: Management

التقدم للوظيفة الان

Head/Manager – Treasury Operations – Commercial Bank of Kuwait

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