Senior Specialist Treasury B.o Operation

6 months ago

Jeddah, Saudi Arabia Islamic Development Bank Full time

Job Purpose

As TOSD is taking over the Back Office Function for all Investment Department activities from FCD, TOSD mandate was updated to capture the new function, and additional resources were allocated to TOSD to handle this function.

The role of the Senior Specialist is very essential to develop this new process and to ensure setting it up properly, along with Approving & Monitoring all Investment relevant Back Office operations functions and review/verify transactions cleared at earlier levels. Contribute towards developing and enhancing transactions processing, settlement procedures, treasury systems.

Key Accountabilities
**Policies and Procedures**
- Formulate policies and procedures for IDB on transaction processing, cash flow management and liquidity management.
- Review existing policies and procedures and recommend changes to benchmark them with international practices and standards
- Ensure strict compliance of policies and procedures with treasury transactional activities
- Develop, maintain, and update the standard operating procedures, DoA, Mandate, Key Risk Indicators, related to Inv. BO operations.

**Reporting and Communications**
- Develop / structure and prepare comprehensive reports on all deal processing and settlement activities as required.
- Develop / structure and prepare various reports on under Treasury operations.
- Maintain productive and effective working relationship within IDB Group entities and with external banks/partners.

**Transaction Processing and Settlement**
- Approve, review and clear the processing of all settlements of Treasury Transactions (Sukuk & Money Market), EFM, Custodians, Equity, Trade Finance, Interfund Settlements and other invoices.
- Approve, review and clear the processing of all injections, subscriptions, to & withdrawals / redemptions from and to EFMs.
- Approve, review and clear the processing of all deal confirmations.
- Approve, review and ensure record keeping of trade settlement and cash management transactions.
- Manage the efficiency and error free processing of all treasury transactions with strict compliance to policies and procedures.
- Follow up on payment execution to ensure they are processed on time and without delays.
- Setting up and implement actionable objectives, planning processes, budgets and operational KPIs for the division.
- Follow up and report on division's on-going transactions and quality of its output and services, identify and initiate proposals/actions for further improvements and innovations.
- Supervise and approve all transactions and ensure necessary procedures to minimize operational risks.
- Managing all kinds of queries and payment requests received from the Investment Department and any other relevant stakeholders.
- Liaise with Inv. and IMDT to set up and enhance the appropriate system set ups and workflows for all Inv. Back office related payments.
- Manage the necessary reconciliations on all payments executed within the day.
- Supervise and ensure that all Treasury related transactions are released from Swift and AML screening systems.
- Coordinate and support the Inv. Department and any other relevant department on the selection and onboarding of new custodians.
- Troubleshoot any operational issues within the Inv. B/O operations.
- Address all unreconciled accounting issues in coordination with Financial Control Department.
- Supervise the End of day reconciliation on all B/O system blotters.
- Lead the communication with the correspondent banks on all operational matters to ensure proper execution and settlement of the payments.
- Review, validate, and record/archive supporting documents for all Inv. Back Office payments.

Academic and professional qualifications
- Bachelor's degree in Banking, Finance, Accounting, Business Administration or related discipline.
- CTP, CerT, CTM, ACI or any treasury relevant certificate is preferred.
- Minimum 8 years of experience in finance and accounting, of which 4 year in payments processing or treasury related operations.

Skills & Necessary Knowledge
- Building Relationships
- Passion for Excellence
- Analytical Thinking
- Problem Solving
- Stakeholder Management
- Strategic Planning
- Monitoring, Processing, Confirmation and Settlement: Debt and Capital Markets Instrument Trades
- Monitoring, Processing, Confirmation and Settlement: FOREX and Money Market Trades
- Custodial settlement knowledge
- Knowledge of cash management operations
- Knowledge of payments systems and payment messages categories.
- Correspondent Relationship
- Treasury systems

  • Specialist Treasury Back Office Operations

    6 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose As TOSD is taking over the Back Office Function for all Investment Department activities from FCD, TOSD mandate was updated to capture the new function, and additional resources were allocated to TOSD to handle this function. The role of the Specialist is very essential to support developing this new process and setting it up properly, along...

  • Treasury

    6 months ago

    Jeddah, Saudi Arabia Bupa Arabia Full time

    Role Purpose: The Treasury Senior Associate is a pivotal role within our organization, dedicated to managing and optimizing treasury operations. This position is instrumental in ensuring efficient cash management, liquidity planning, and risk mitigation strategies. The Treasury Senior Associate collaborates closely with internal teams, financial...

  • Senior Associate, Treasury Back Office

    8 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    SECTION I: JOB PURPOSE This role is responsible for providing the coordination work and technical and administrative support for executing of all Treasury deals, confirmations and maintain banking relationships for ITFC. Coordinate with other ITFC departments/entities and external banks and financial institutions for timely processing of payments and...

  • Accounting Operations Specialist

    6 months ago

    Jeddah, Saudi Arabia Nestle Operational Services Worldwide SA Full time

    **Accounting Operations Specialist** **POSITION SNAPSHOT** Location: KSA - Jeddah Company: Nestlé *** Execute all Accounting Operations (AO) activities in scope for Nestlé Business Services (NBS) in a timely manner and according to the agreed Key Performance Indicators (KPIs). Drives towards excellence in the Accounting Operations (AO) by ensuring...

  • Senior Legal Counsel

    8 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose The Legal Investment & Finance Section ("LIFS") is one of the two Sections of the Legal Finance & Administrative Division (LFAD). LIFS's main activities are to provide legal advisory services in the investment and management of the financial resources of the Bank including resources mobilization and funds management. The Senior Legal Counsel...

  • Senior Capital Markets Specialist

    6 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose Responsible for overseeing, coordinating and undertaking various capital market activities for IsDB through appropriate instruments, such as Sukuk, Reverse Murabahas/Wakalas and Hedging, considering funding requirements, risk mitigation and structuring issues to comply with the Sharia'h requirements and meeting the Rating Agencies' rating...

  • Senior Risk Management Specialist

    6 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    JOB PURPOSE: In collaboration with the Lead, undertake independent risk assessments of counterparts such as Member Countries, Financial Institutions, corporations and project finance obligors, pertaining to IsDB’s financing operations, investment activities and Treasury operations, in order to determine the exposure limits for these counterparts, as well...

  • Principal, Disbursements and Dues

    6 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Role Purpose To provide support on day-to-day activities related to the treasury operations including SWIFT System, disbursements, collection of revenues/repayments, monitoring of uncollected revenues and doubtful debt while developing related reports. Key Functional Accountabilities and Activities **Disbursements**: - Track and maintain control over...

  • Senior Neurology Specialist

    4 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Antal International Network - IME Full time

    Job Title: Senior Neurology SpecialistAn excellent opportunity to lead as a Senior Neurology Specialist in one of the top-tier hospitals in Jeddah, Saudi Arabia.Job Summary:As a Senior Neurology Specialist, you will be responsible for providing high-quality care to patients with neurological conditions. You will lead in the diagnosis and management of...

  • Senior Anesthesia Specialist

    3 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Antal International Network - IME Full time

    About Antal International Network - IMEWe are a leading provider of recruitment services, and we are currently seeking an experienced Senior Anesthesia Specialist to join our team in Jeddah, Saudi Arabia.Job OverviewAs a Senior Anesthesia Specialist, you will be responsible for providing high-quality patient care, leading medical teams, and contributing to...

  • Nephrology Senior Specialist

    1 month ago

    Jeddah, Makkah Province, Saudi Arabia Antal International Network - IME Full time

    About the RoleWe are seeking a highly skilled Nephrology Senior Specialist to join our team at Antal International Network - IME in Jeddah, Saudi Arabia. The successful candidate will play a key role in delivering advanced care to patients with kidney-related conditions.

  • Senior Global Advocacy Specialist

    6 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose The Senior Global Advocacy Specialist reports to the Associate Manager, Global Advocacy. He/She will support to channelize Bank's efforts in IsDB's positioning with the MDBs, at international fora like the G20, UN Agencies, Global Funds and relevant Philanthropic, Civil Society and Donor Organizations. The Senior Specialist will assist in...

  • Senior Endocrinology Specialist

    2 months ago

    Jeddah, Makkah Province, Saudi Arabia Antal International Network - IME Full time

    Job Title: Senior Endocrinology SpecialistJob Summary:As a senior endocrinology specialist at Antal International Network - IME, you will play a key role in providing advanced care to patients with endocrine disorders. You will contribute to the diagnosis and management of endocrine conditions, assist in the implementation of treatment plans, participate in...

  • Senior Financial Engineering Specialist

    6 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose Oversee the development and structuring of innovative financial products for the Bank's financing, funding, and hedging activities. Review the structure of IDB funding instruments and develop structures to meet the need of proper asset -liability management and liquidity management while remaining compliant with shariah principles. Support the...

  • Senior Financial Engineering Specialist

    6 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose Oversee the development and structuring of innovative financial products for the Bank’s financing, funding, and hedging activities. Review the structure of IDB funding instruments and develop structures to meet the need of proper asset -liability management and liquidity management while remaining compliant with shariah principles. Support...

  • Senior Human Resources Specialist

    6 months ago

    Jeddah, Saudi Arabia sfaqat l صفقات Full time

    Job description **Company Description** We are a leading packaging retail company with a strong presence both in physical stores across Saudi Arabia and in online retail. **Role Description** We are seeking a Senior Human Resources Specialist for a full-time, on-site position based in Makkah, Saudi Arabia. As the Senior HR Specialist, you will play a...

  • Senior Investigations Specialist

    6 months ago

    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose The Senior Investigation Specialist will be responsible for ensuring that unhindered investigations are conducted into allegations related to fraud, corruption, and misconduct involving Bank Group Staff. The overall objective of the Senior Investigation Specialist is to conduct comprehensive investigations into allegations of fraud, corruption,...

  • Dermatology Senior Specialist

    1 day ago

    Jeddah, Makkah Province, Saudi Arabia Antal International Network - IME Full time

    Company Overview">We are a leading healthcare provider, part of the Antal International Network - IME, and we're seeking a highly skilled Dermatology Senior Specialist to join our esteemed team in Jeddah, Saudi Arabia.">About the Role">This is an exceptional opportunity for an experienced professional to take on a leadership position within our dermatology...

  • Senior Pediatric Respiratory Specialist

    1 week ago

    Jeddah, Makkah Province, Saudi Arabia Antal International Network - IME Full time

    Antal International Network - IME is a global leader in recruitment and workforce solutions. We are seeking a highly skilled Senior Pediatric Respiratory Specialist to join our team in Jeddah, Saudi Arabia.Estimated Salary: 320,000 SAR per annum (based on industry standards for this role and location).About the RoleThe Senior Pediatric Respiratory Specialist...

  • Senior Procurement Specialist for Infrastructure Projects

    3 weeks ago

    Jeddah, Makkah Province, Saudi Arabia PPL Dynamics Full time

    About PPL DynamicsPPL Dynamics is a leading organization in the field of civil engineering, and we are seeking an experienced Senior Procurement Specialist for Infrastructure Projects to join our team.