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Manager, Treasury Back Office

Jeddah

  • Organization: IsDB - Islamic Development Bank
  • Location: Jeddah
  • Grade: Mid level - Mid level
  • Occupational Groups:
    • Operations and Administrations
    • Banking and Finance
    • Managerial positions
  • Closing Date: 2025-02-09

IDB3360 - Manager, Treasury Back Office

  • Business Unit
    ITFC
  • Division
    Not Applicable
  • Department
    Not Applicable
  • Country
    Saudi Arabia
  • Location
    Saudi Arabia - Jeddah
  • Job Grade
    Not Applicable
  • Closing Date
    09-Feb-2025
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 maintenance of efficient banking relationships for ITFC.

SECTION II: KEY RESPONSIBILITIES

Organizational Unit Responsibilities

  • Contributing to formulation and implementation of action plans, processes, budgets, and operational KPIs for the Treasury Back Office.

  • Preparing the standing and ad-hoc reports of the Treasury Back Office

  • Providing support in executing projects around system enhancement such as automation of reports to improve turnaround time and quality of reports.

  • Introducing improvement initiatives to contribute to the effectiveness and efficiency of Treasury back-office function.

Technical Responsibilities

Processing and Settlement of Treasury Deals- Money Market, FX, Fixed income, Derivates and Capital Markets Transactions

  • Collecting data for execution of treasury deals.

  • Creating and reviewing the relevant schedules and confirmation messages for Treasury deals. 

  • Collecting and reviewing data for final release of operational and administrative payments.

  • Processing various payments with correctness and completeness of documentation for effecting payments within time and no delay.

  • Reviewing/verifying sources and application of funds to ensure proper and efficient processing of settlements.

  • Coordinating with relevant departments to manage disbursements.

  • Maintaining confidentiality of all payments related data being processed and disseminate only when required as per policies.

  • Monitoring minimum balances and replenishment requirements of all ITFC accounts.

  • Handling different queries received by other departments on settlement matters.

  • Monitoring daily Treasury payment processing ensuring adherence to policies and required timelines.

  • Respond to all enquiries on receipt of payments by beneficiaries in a timely manner and perform related follow-up activities.

  • Reconciliation of banks accounts on daily basis to ensure no open items between the ledger and the bank statement.

  • Generate periodic reports on Treasury activities.

  • Update and maintain necessary documents regarding controls, procedures, and guidelines for handling treasury transactions.

  • Assist in the development of overall systems and procedures for treasury back-office.

Bank Account Management

  • Collecting data for preparing reports on the accounts and account holding banks.

  • Handling all banking relationships with corresponding banks

  • Handling account opening requests received from other departments.

  • Assisting in developing and maintaining secured bankable payment channels with other banks and Financial Institutions.

  • Following up on new standards/regulations governing international payments and banking relationships

  • Maintaining database of banking relationships with all related details

  • Assisting in selecting and opening of accounts for ITFC.

Networking & Partnership

Participating in roadshows, conferences, workshops, seminars and market positioning activities of ITFC to promote ITFC and expand network of treasury partners.

SECTION IV: KNOWLEDGE, SKILLS & COMPETENCIES

  • Bachelor / Graduate

  • Treasury-related Professional Certification is preferable (CTP, ACI-Operations)

Language Skills

  • English is compulsory

  • Arabic or French is preferable

Years of Experience

  • Minimum of 4 years of experience 

About Application Process

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

  1. Resume/CV
We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.
Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.