Head of Treasury

About the Role

Cander is seeking a Head of Treasury to join our team in Riyadh, Saudi Arabia. This full-time position is ideal for a KSA National, preferably SAMA Approved, with 5-10 years of experience in financial services. The Head of Treasury will be responsible for robust cash flow management, inter-bank and customer deposit resource management, and ensuring compliance with regulatory requirements and risk parameters.

Key Responsibilities

• Ensure robust cash flow management processes to enhance liquidity and support strategic decision-making.
• Manage inter-bank and customer deposit resources of the group, adhering to risk appetite and parameters determined by the Board.
• Establish processes and procedures to conduct operations in line with regulatory requirements.
• Support treasury planning, forecasting, and management reporting by designing reporting requirements for integration into the ERP system.

Treasury Development and Integration

• Develop and implement treasury planning and forecasting processes to support organizational objectives.
• Design reporting requirements for the ERP system, including segmentation, channel, products, customer base, front and back book margins, average balance sheet, KPIs, and cost classification (fixed, variable, onboarding/acquisition, and servicing).
• Integrate robust cash flow management processes into the ERP system to ensure financial stability and strategic decision-making.

Operational Management

• Collaborate with cross-functional teams to ensure alignment of treasury activities with business needs.
• Monitor treasury performance metrics, identify areas for improvement, and implement solutions to enhance efficiency.
• Manage the bank's liquidity situation at all times and ensure appropriate emergency plans are in place.
• Provide training and awareness programs to stakeholders on treasury processes.
• Stay updated on industry trends and best practices to continuously improve treasury processes.
• Ensure timely preparation for treasury planning (including liquidity and funding) aligned with operational needs.

Compliance and Risk Management

• Ensure compliance with liquidity constraints, company policies, and industry standards.
• Develop and maintain treasury policies and procedures to enhance efficiency and control.
• Supervise FX activities and manage Money Market positions within established limits and in compliance with risk management guidelines.

Qualifications and Experience

• 5-10 years of experience in a treasury role within the financial services sector.
• KSA Candidate, ideally SAMA Approved.
• Demonstrated experience in cash flow management, liquidity management, and regulatory compliance.
• Strong understanding of ERP system integration for financial reporting.