Banking Operations Specialist

About the Role

Saudi Aramco is seeking an experienced Banking Operations Specialist to join the Banking Operations Division. This full-time role requires in-depth knowledge of banking operations, including bank account management, KYC, SWIFT and SARIE payments, investments, FX, data analysis, and credit cards. The specialist will support banking operations and maintain strong relationships with clients and partner banks.

Banking Operations Division Overview

The Banking Operations Division manages the company’s payment processes and banking accounts. This includes ensuring KYC compliance, handling account openings and closings, and maintaining accurate records. The division also oversees contracts and agreements related to banking operations and manages Retail Banking Services within company premises. The primary responsibility of this role is to facilitate payment processing, manage bank accounts, and ensure timely KYC updates for the company and its subsidiaries.

Key Responsibilities

• Manage the end-to-end lifecycle of bank accounts, including opening, closing, and maintaining accounts, while ensuring accurate record-keeping in the group’s banking master database.
• Contribute to the development and optimization of Bank Account Management, In-House Bank, and related processes, including cash pooling and payment factory operations.
• Collaborate with internal departments to support the development and implementation of new treasury and banking products and address general inquiries.
• Ensure adherence to local and international regulatory requirements, including Anti-Money Laundering (AML) and KYC standards.
• Identify and mitigate operational risks such as fraud, compliance breaches, and cybersecurity threats.
• Build and maintain strong relationships with banking partners to optimize processes, resolve issues promptly, and negotiate favorable terms and agreements.
• Review and negotiate banking agreements and contracts, including ISDA master agreements, SLAs, MA-CUG, and other key documents, ensuring alignment with corporate objectives.
• Lead the negotiation and execution of investment agreements with local and international financial institutions, ensuring compliance with Saudi Aramco standards.
• Prepare comprehensive reports on banking operations, performance, and key metrics to support data-driven strategic decision-making.
• Continuously evaluate and improve banking operations, leveraging best practices and emerging technologies to enhance operational efficiency.
• Oversee all aspects related to the Corporate Credit Card program, including reviewing and negotiating agreements with banking partners, and managing internal processes for issuing, monitoring, and reconciling corporate credit card usage.

Qualifications and Experience

• Bachelor’s degree in Finance, Accounting, or Business Administration from a recognized and approved program.
• A minimum of 5 years of experience in back-office corporate treasury operations, preferably within an integrated oil company.
• Proficiency in treasury software and systems, with expertise in SAP, SWIFT messaging standards, and electronic banking platforms.
• Solid understanding of Shariah-compliant business banking.

Required Skills

• Ability to coach and develop staff in analytical skills and project delivery.
• Advanced proficiency in Microsoft Excel and excellent presentation skills.
• Strong analytical and problem-solving skills.
• Proven ability to manage multiple projects and meet tight deadlines.
• Excellent communication and interpersonal skills, with a focus on collaboration and stakeholder engagement.

Application Process

Candidates who meet the above qualifications are encouraged to apply.