Treasurer Jobs in Jeddah

Job Purpose
To handle the back-office functions, including processing and settlement of transactions while ensuring accuracy and timely execution, and to ensure proper generation of daily, weekly, and monthly reports. Reconciliations of cash positions and reporting discrepancies between executions and positions are needed to prevent any potential loss to ICIEC and support in the proper accounting of the investment transactions.

Key Responsibilities
Core Responsibilities
Money Market Settlement
• Process/validate deal tickets in the Treasury Operating System (Fusion Invest-MISYS) and ensure accuracy of all execution details on given value dates and before the cut off times.
• Generate the Swift messages using the Treasury Operating System and confirm their accuracy before their release.
• Ensure timely and proper exchange of documents/confirmation as per instruments used and signed agreement with each counterparty.
• Interact with counterparties for timely submission of investment confirmations.
• Review weekly maturity reports and issue notices to receive relevant Swift messages (MT210s).

Sukuk Settlement
• Settlement of new sukuk purchases through custodian account post-approval.
• Process/Validate deal tickets and generate Swift messages.
• Monitor and process coupon payments in the Treasury System.

Non-Investment related settlements
• Process/Validate settlement instructions after validating required approvals.
• Ensure documentation of all settlements including swift settlement confirmation.

FX Settlement
• Settlement of FX purchase/sell transactions with counterparties.
• Process/validate deal tickets and generate relevant Swift messages.

Nostro accounts management
• Daily monitoring of ICIEC nostro accounts and update balances.
• Process/validate any fund manager requests regarding cash transfers.

Reconciliation and Reporting
• Daily reconciliation of accounts and preparation of reports.
• Reconcile all daily trading activities.

Accounting for Investments
• Ensure proper records of investment transactions and reconciliations.

ALM and other tasks
• Assist in managing liquidity risk by monitoring cash flows.

Job Requirements
Field of Study: Finance/Investment or any related field.
Academic Qualifications: 3 Years for Bachelor’s or 1 Year for Master’s holder.
Nature of Experience: Relevant experience in Islamic Treasury Back-office settlements.
Professional Certifications: Relevant certifications such as ACI-Back Office, Certified Treasury Professional (CTP).
Business Language Skills: Good command of English; Arabic or French is an added advantage.

Working Conditions
Location: Jeddah, KSA
Travel Needed: No