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Head of Treasury in Muscat - Oman

Experience: 6 - 12 yrs.
Education:Basic - Any Graduation
Nationality: Omani
Industry Type: Banking / Financial Services / Broking
Functional Area:Finance / Treasury Mar 4, 2019


Job Description

JOB PURPOSE

To maintain Interbank FX and MM Desk to ensure overall bank’s liquidity, funding and reputation are managed in a satisfactory manner in a competitive environment at all time, as well as to maximise the Bank’s FX income through trading of currencies resulting from customer transactions.

KEY ACCOUNT-ABILITIES:

Financial Results

Maximize Bank’s Treasury related revenue through available avenues, including Investments, Money Markets management and customer FX transactions, to achieve Bank’s annual targets.

Liquidity Management

Manage the country’s money market position ensuring nostro accounts are sufficiently funded, while surplus liquidity is effectively deployed in available investment avenues including bonds, as well as inter-bank placements for optimal utilization of liquidity.

Liaisons with counterparties

Ensure a professional liaison with peer banks and other financial institutions including exchange companies. The rapport with these institutions is with the intent of supporting market development and keeping the Bank abreast of all relevant market information and aid in arrangement of MM & FX lines with them.

Foreign Exchange Exposure Management

Ensure that the Exchange Rate Exposure emanating from foreign currency inter-bank and client-facing deals is managed in line with Market Risk limits prescribed by the Bank and in accordance with external regulatory requirements to remain compliant.
Compliance

Ensure all applicable regulations / laws and internal policies/procedures of the Bank are complied with as per requirements.
Audit

Ensure that all procedural and policy matters are followed to minimize any audit objections for satisfactory audit ratings and timely resolution of any audit observations for better governance
Control

• Preparation of Rate Sheets and circulate the same to the branches and units.
• Proper cover for client’s requirements of foreign currencies.
Preparation of Daily, Monthly and Quarterly reports to the Regulatory and the Head Office.

QUALIFICATIONS AND EXPERIENCE:

Minimum qualifications:
• Bachelor Holder
• Strong communication and interpersonal skills
• Decision-making skills
• Ability to work independently
• Analytical / problem-solving skills

Minimum experience:
• 8 years of Treasury experience.
• Any other related banking experience is also encouraged

JOB CONTEXT:
Strong grasp of treasury function and related regulations
Liaise with internal and external stakeholders adding value to the franchise and customers
Critical job for the bank’s medium term and long term success. Zero tolerance on error which can significantly impact reputation along with financial loss.


Keyword: Treasury, Money Markets management, FX Transactions, Foreign Exchange.
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