- 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.
- 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.
- 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&
Date Posted: 2018-01-17 Job Location: Kuwait Job Role: Banking Company Industry: Banking
Career Level: Management