UAE Exchange & Financial Services - Associate Director - Global Treasury

Job description

Job Purpose :

Management of the group's operational cash flows (on & off balance sheet) and all associated risks including liquidity, funding, capital, interest rate and foreign exchange - initial focus on UAEX with subsequent focus on all group entities including Travelex and subsidiaries.

Lead in the setting up the group internal liquidity adequacy assessment process, subsequent assessment of operational liquidity risk appetite, formulating and implementing of Funds Transfer Pricing - initial focus on UAEX with subsequent focus on Travelex and subsidiaries.

Generate alpha on FX flows - enabling the organization to offer best pricing to internal and external clients and associate entities.

Key Accountabilities:

Fund & liquidity Planning (ALM) :

- Development of the internal Liquidity management mechanism and setting up of the liquidity adequacy assessment process that complies with the Group's strategic objectives and operational efficiency goals

- Work with Senior Management in areas of funding & liquidity forecasting, and in turn model various forms of stress testing for the group - covering different geographies and multiple legal entities

- Formulating and implementing of Funds Transfer Pricing to internal and external clients and associate entities of UX holdings

- Lead and develop systems, controls and models to support liquidity risk analytics, limit monitoring, stress-testing and policy frameworks

- Optimizing margins and controlling liquidity costs especially pertaining to the operational liquidity buffers. Construct and maintain a Liquidity Contingency Plan

- Plan and manage the efficient utilization of cash and working capital in a manner consistent with the objectives of UAE EX, Travelex and other entities of the group

- Responsible for re-pricing and day to day management of key funding and lending facilities with various banks

- Ensure availability of Capital from outside sources. Enhance the executional bandwidth by increasing the Group's credit facilities

- Support Liquidity Control Board and Treasurer in the pro-active management of UAE Ex's balance sheet and exposure to liquidity risks

Relationship Management :

- Expand the list of funding relationships and generate new business for the firm.

- Manage bank relationship for short term liquidity support and services continuity during off market hours / days.

- Maintain relationship with industry to ensure UAE Exchange is kept up to date on market - best practices-, and implementation of - best practice- guidelines/policies and enhancements to Treasury systems

- Tap new business opportunities with regard to multiple currencies with Co- ordination with country operations, BD team& branch managers

Treasury Management :

- Develop with senior Management a rigorous Liquidity Funds Transfer Pricing framework and maintain effective business partnering to support, influence and promote efficient product pricing mix and design.

- Limit company's exposure to foreign exchange fluctuations. Purchase and sell foreign exchange spot and forward contracts as required.

- Demonstrate skills and expertise in covering for several currencies with special focus on key focus currencies.

- Generate financial and analytical reports (including both financial and non-financial metrics) on the group's P&L based on flows generated by dealing - at granular levels such as desk-wise/ currency-wise/ portfolio-wise/ corridor-wise/ entity-wise etc.

- Understand, manage, and supervise all aspects of cash flow.

- Forecast daily cash requirements and execute daily financing decisions for the Group.

- Manage all aspects of In-house portfolios of the Group.

- Oversee the regular monitoring of competitive pricing and interest rate spreads on credit and ensure timely adjustment when required

Product and Pricing Development :

- Contribute and initiate product development from both a market and asset/liability management perspective, research and analyse loan pricing

Risk Management & Mitigation

- Establish processes and owns policy structure for identifying and managing liquidity and funding risk

- Continuously monitor big ticket transactions and / or abnormal market activity to assess risk and pro-actively manage exposure / risk

- Monitor the Group's exposure to interest rate movements using product strategies, pricing and derivative products

- Analyze financial markets, market trends, political and economic indicators and advise the Group on hedging solutions

- Executing approved risk management policies for foreign exchange and interest rates

Hedging :

- Analyse financial markets, market trends, political and economic indicators and advise the Senior Management on hedging solutions

- Manage Nostro accounts and control balances appropriately

- Manage Spot/Tom/cash foreign exchange exposure

- Decide on hedging open positions of UK, Canada & Australian Operations

- Explore new hedging opportunities in respect of all settlement currencies

Operational Activities :

- Research, analyze and evaluate projects assigned by the top management and develops and implements appropriate solutions as required.

- Support implementation of cash management on SunGard's Quantum v6 - treasury management system.

- Development and enhancement of in-house IT systems

- Contribute towards establishing and maintaining third party Treasury systems, tools and software

- Ensuring integrity of the ALM system and timely production of required information.

- Establish and document Operational Liquidity Management procedures which include relevant controls to meet the requirements of the Group

Qualification, Skills and Experience :

MBA in Economics or Finance :

Professional certification : Chartered Financial Analyst (CFA) (preferred)

- Certification in Dealing and experience in dealing platform tools (Reuters, SWIFT Desk, Technical Charts)

- Experience of 8-10 years in treasury operations of large organisation with at least 3 years in a senior management role, preferably from a retail/banking multi-branch environment

- In depth knowledge of treasury's products and applications

- Advanced financial modelling tools and techniques

- Advanced data processing, data management and data modelling skills

- High order of information processing and analytical decision making

- Excellent problem solving skills and lateral thinking.

- Strong negotiation and influencing skills and ability to effect change with internal and external stakeholders

- Advanced computer awareness and usage skills.

- A natural team player with a clear client orientation and a passion for service excellence.

- Strategic thinker with an ability to translate a strategic vision into practical roadmaps and plans.

- Strong influencing and negotiating skills