Effective Management of the Treasury & Capital Markets Operations department & centralized payments & Remittances department in relation to business line activities , while having the required knowledge and ability to cover all operational needs for any future expansion of activities.While ensuring timely processing, settlements and accounting of FX , MM , Derivatives, Custody Activities & Capital Markets various products entries ( local & overseas ) , should also follow bank's internal operational policies & procedures to ensure applying adequate control on the dealing room trading activities and monitor any market risk or credit risk, highlighting and escalating any deviation from authorized limits.
- Monitoring and ensuring that all FX & MM deals are within the approved limits are getting checked, settled and accounted on time.
- Monitoring and ensuring that all proprietary deals are within the approved dealing limits and stop loss limits.
- Valuation of all FX and Proprietary deals and reporting of excesses.
- Monitoring of FX/MM dealing and settlement limits and ensuring adequate approvals are in place for all excesses capital Market:
- Monitoring and ensuring that all Capital Markets deals are in line with the investment policies and Guidelines of the bank and CBE.
- Ensuring that all documents related to investments are in place.
- Ensure that settlements and accounting of all Capital Market deals are done properly.
- Ensuring that deal confirmations are received and checked.
- Ensuring all investments are valued properly and recorded.
- Ensuring custodian statements are reconciled and discrepancy reported.
- Ensuring periodic coupons & redemption proceeds are collected on proper value dates.
- Monitoring and ensuring that all corporate deals are within approved limits and compliant with bank's procedures and CBE regulations.
- Ensuring the processing of corporate deals on value dates.
- Ensuring that all corporate deal documentation & confirmations are received and checked.
- Ensuring periodic coupons, redemption proceeds are paid to the customers on proper value dates.
- Monitoring and ensuring all derivative deals are done as per the policies and Guidelines of the Bank.
- Periodical Valuation of Derivatives and reporting Settlement and Accounting of Derivatives as per IAS 39.
- Must be conversant with the rules and operational regulations of all exchanges operating in Egypt.
- Must be able to establish procedures and processes for all Treasury products dealt in these exchanges.
- Must be able to setup procedures and processes for payments flow in accordance with MANSHREQ and standards rules.
- Ensuring proper executions of all centralized payments transactions Inward/outward remittances, charges, refunds and issuance / encashment of demand drafts and match customers' requests.
- Ensuring the checking processes of customer's requests/applications are compiled with bank's procedures.
- Monitoring & checking any claims rose by customers & correspondents and ensure sorting it out in line with bank's policy.
- Monitoring Swift platform and check end of day status for parked messages in authorization & Modifications tabs.
- Monitoring OFAC hits and ensures abidance with compliance guide tool/procedures.
- Ensure the FX customers' transactions are processed customers' requests and TCM exchange rate confirmation.
- Ensuring all payments process is compatible with Currencies holiday calendar & cut off time.
- Ensuring proper setup of customers standing instructions.
- Identify bugs / flaws and propose improvements in operating system and procedure to enhance efficiency and reduce manual interventions.
- Ensuring proper testing for technology UATs and upgrades.
- Ensuring proper training to all staff and clear knowledge transparency to enable efficiently performance and preparation for further career advancement.
- Ensure proper & accuracy timely manner reporting to regulators and HO
- Ensuring abiding with CBE technology systems which smooth funds movements ( salaries , loan portions etc… )
- Managing any swift projects updates with all stakeholders over Mashreq group or International Swift Authory updates.
- Sustaining high engagement with business lines to check the possibility of enhance the services for more advanced levels.
- managing and monitoring the setup & flow of the operational cycle :
- Customers' portfolio in Egyptian treasury bills Buying/ Selling process /Trades confirmations / Statements.
- EFSA (Egyptian Financial & Supervisory Authority) pledge declaration.
- Corporate actions: Banks'/Customers Portfolios in EURO Bonds / Foreign Securities Buying/ Selling process Trades confirmations / Statements: Corporate actions (cash dividends, stock split, partially/fully redemption etc…)
- Facilities VS Customers' Treasury Bills Portfolio as a collateral
- Taking over pledging process on banks records
- Follow corporate actions / liquidation.
- Earmark cash considerations for renewing process
- CBE Mortgage Finance VS Egypt Treasury Bills
- Pledge Treasury Bills with CBE from bank portfolio though REPO transactions.
- Follow up with CBE upon Maturities / accruals flow
- Middle Office Activities:
- Reconciling Daily Foreign Exchange Position and ensuring that it is within the bank's and CBE approved Limits without breaching.
- Monitoring Capital Market Investment Limit Exposure and ensuring that it is within the bank's and CBE approved Limits without breaching.
- Monitoring Money Market Limits (Working within the CA approved Limits without breaching)
- Monitoring FX Limits (Working within the CA approved Limits without breaching)
- Reviewing The Rates Entered on core banking system (Ensure that there is No discrepancies)
- Monitoring local Currency payments on RTGS CBE System, and managing its schedule.
- Arrange with Technology and ensure proper upload on core system with the international holidays Calendrer for all currencies to ensure proper booking of Treasury products.
- Monitoring FX Daily P&L (P&L calculations matching with Treasury Front Office Trading Sheet).
- Monitoring Fixed Income daily P&L calculation.
- Trading Market Unit daily reconciliation /Treasury Bonds Limits Daily Reconciliation
- Weekly T. Bonds and T. Bills reconciliation (Ensure that there are no differences between TFO & system.)
- Monitor & Review the daily/Monthly MTM Fixed Income reports , stop loss and differential Nii
- Having technical understanding of all treasury products to ensure proper recording and highlighting risk. Should also be familiar with valuation techniques of all derivative products.
- Overall supervision of treasury Operations.
- Coordinate with technology for the upgrading and other IT related issues.
- Reviewing and identifying the training requirement of staff and advising training department.
- Coordinate with Country Operation's Manager & HR to restructure and improve the TOC department to be compatible with TOC HO.
- Reporting of daily, weekly and monthly profit and loss on Treasury activities.
- Submission of Egypt Central Bank Returns.
- Liaise with CBE and MOF in issues directly related to his job .
- Reviewing and updating of Policies and Procedures.
- Customer centric approach for all TOC related process / activities.
- Ensure the preparation of all reports needed by the TCM is done in time.
- Holding and filling of all important docs related to the function and TCM
- Ensure issuance of annual End of Year Certifications over swift to / from Counterparties ( local & international banks )
- Ensure Proper Implementation of OPM, APPM, SOP.
- Ensure Proper executions and abidance with regulatory regulations to ensure that activities are carried out as per approved policies and procedures.
- Ensure abiding and execution CBE/AFCG/AUDIT recommendations and comments based on required target dates
- Graduate in any discipline.
- 12-15 years relevant experience in Treasury Operations.
- Must have technical understanding of all treasury products to ensure proper recording and highlighting of risk. Should also be familiar with valuation techniques of all derivative products.
- Good command of spoken and written English.
- Good interpersonal skills and leadership qualities.
- Strong managerial, organizational & reporting skills.
The leading financial institution in MENA
While more than half a century old, we proudly think like a challenger, startup, and innovator
in banking and finance, powered by a diverse and dynamic team who put customers first.
Together, we pioneer key innovations and developments in banking and financial services.
Our mandate? To help customers find their way to Rise Every Day, partnering with them through
the highs and lows to help them reach their goals and unlock their unique vision of success.
Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value.
We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.
