Head - Islamic Treasury - Bank

Job Description:

Job Title: Head - Islamic Treasury

Reporting to: Head - Islamic Banking

Reported by: Nil

Main role (Overall accountability):

- Responsible for marketing a full suite of Islamic treasury products and has in-depth understanding of liquidity management, bank funding strategy and the money markets.

- Able to demonstrate strong understanding of funding strategy and can translate into a tactical issuance plan.

Principal accountabilities

- Identify deposits/financings trends, and possible impact on Bank's liquidity. Overall management of Meethaq's balance sheet.

- Track monetary and fiscal policies and their impact on profit rates in local as well as major markets. Should be in a position to independently analyze the financial markets, market trends, political and economic indicators and advice Shariah-compliant structured hedging solutions.

- Formulate sales strategies to take advantageous of money market movements and minimize risk.

- Market and structure currency & Sharia complaint hedging products linked enhanced yield deposits, both capital protected and otherwise.

- Spearheading Sales and Trading to input and amend deals for Islamic PRS, Islamic CCS, Islamic FX Foward, Islamic Money Markets, Islamic Structured Products and the likes in the Front Office and Risk systems

- Investigating trade discrepancies highlighted by reconciliations and assist to resolve clients- settlement queries

- Directing - Mark to Market- valuation requests to the Valuations team

- Be expected to serve as a mentor to our existing staff and impart knowledge to further enhance their skills.

Personnel Specifications

- MBA-Finance or CA or American CFA

- Good quantitative and analytical skills with experience in treasury environment handling marketing of derivative products.

- Strong knowledge of all treasury derivative products and day to day activities of a full fledged treasury is must.

- Technically strong in both products and processes with excellent experience in trade bookings, settlements and valuations for Islamic FX, Money Market and Derivative products.

- Analytical and calm under the pressure of the trading room environment and have a proven track record in building strong working partnerships with Sales, Trading and Senior Management

- Good managerial, presentation and communication skills

- A self starter and team player with strong I.T. Skills

- Minimum of 8+ years experience as part of client distribution team for Treasury products and operations in a medium to large size Bank's Treasury.