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
Head of Money Market and FX
Posted On: on 31/7/17
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