About Our Client:

It is one of the largest financial institutions in Kuwait with a strong and growing corporate and retail banking franchise providing innovative financial and investment solutions to its ever growing customer base.

Job description:

Operational Duties;

  • Monitor Treasury Operation Department and ensure prompt settlement of transactions concluded by Treasury, Investment Department, International Banking Division and Private banking. Ensure error-free processing to avoid loss to the bank.
  • Loans & Deposits, Foreign Exchanges, Treasury Bills & Bonds, Nostro Funding Derivattives (options, Forward Rate Agreement-FRA, interest Rate Swaps-IRS) and Certificate of Deposits.
  • Equities, Bonds, Floating Rate Notes-FRN, Funds participation and Private placements.
  • Corporate Client’s private investment in Global Equities and Funds through intermediaries.
  • Resolve problems related to all transactions undetaken by Treasury Operations mainly payment defaults by counterparties.
  • Authorize payment of brokerage, Bank’s commission charges and custody fees.
  • Monitor Nastro accounts overdrawn balances and justify charges levied.
  • Authorize update of O/D interest rates, received from treasury, in the Host.
  • Review reconciliation memos received from Financial Controls and resolve them.
  • Maintain service level agreement(SLA) with internal Clients.
  • Review and help respective departments to evolve procedure for new Treasury products.
  • Review and request for system enhancement for departmental improvement.

Educational Background:

  • Bachelor’s Degree

Experience & Skills :

  • Thorough knowledge of general banking and accountancy.
  • Good knowledge of wholesale market settlement process and business standards.
  • Evaluation capability and quick decision making ability.
  • Meticulous checking and verification skills to ensure 0 % error.
  • Excellent in figure works.
  • 8 – 10 to year of experience in Treasury & Investment Operations.