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Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: 8 to 12 years
  • Job Code: JB102075
  • Expiry Date: Oct 20, 2017

Job Summary

  • Functional Area: Finance, Finance and Accounts
  • Job Role: Head of Money Market and FX
  • Location:  Bahrain

Job Description

  • Responsible for managing the overall operations related to Money Market and Foreign Exchange activities at the Bahrain Branch in line with the approved policies and guidelines.
  • Participates in the formulation of Asset Liability Management, Money Market and Foreign Exchange function’s strategies and budgets.
  • Reviews the operational and financial results of the function and assess results against objectives and budgets.
  • Trades in Money Market, FX and derivatives, as per authorized limits to take advantage of short term developments in interest rates and foreign exchange markets.
  • Supervises and ensures sufficient liquidity is available at all time in different currencies to achieve capital market and credit budgeted objectives, while ensuring that excess liquidity is managed pro-actively.
  • Manages short-term borrowing requirements to minimize borrowing cost and maximize financial flexibility.
  • Supervises the Branch’s assets and liabilities function, monitors and measures the financial risks of operations such as market, currency and liquidity risk.
  • Checks and signs all deals and transactions executed within the function and ensures all limits set by the management are respected.
  • Provides recommendations for the development of Money Market function and FX policies and procedures and identifies process improvement opportunities to control deals and minimize operational risk.
  • Supervise the activities of Treasury and Capital Market division in the absence of Head of Treasury. 
  • Manages the execution of the marketing plans in order to achieve set budget by assuming responsibility for client identification, solicitation, management, and business development.
  • Networks and maintains good relationships with financial institutions regarding current, future and existing transactions, and develops new clients’ contacts.
  • Follows-up on market changes and clients’ needs, participates in identifying new products and services, and briefs clients on new provided services
  • Conducts annual performance appraisal to review employees’ work performance. Carries out disciplinary meetings when needed. Recommends salary adjustments, rewards and promotions based on employee performance.
  • Monitors the adherence of reportees to the company’s guidelines, policies and procedures.
  • Perform other duties that may be assigned by the Head of Treasury or General Manager from time to time.
Experience and Qualifications:
  • Bachelor’s degree in Finance, Banking, Engineering or other related fields with a minimum of 8 years of extensive executive-level finance or banking experience in Treasury dealing room. 
  • Preferably a holder of Certified Financial Analyst (CFA) qualification or equivalent