Job Position: Assistant Manager – Treasury Operations
Job Description: Commercial Bank of Kuwait – Kuwait – Job Description Job Purpose Monitor Treasury Operation Department and ensure prompt settlement of following transactions concluded by Treasury, Investment Department, International Banking Division and Private banking. Ensure error-free processing to avoid loss to the bank. Set Goals for the improvement of the department. Treasury Loans & Deposits, Foreign Exchanges, Treasury Bills & Bonds, Nostro Funding Derivatives (Options, Forward Rate Agreement-FRA, Interest Rate Swaps-IRS, etc.) and Certificate of Deposits. Investment Department Equities, Bonds, Floating Rate Notes-FRN, Funds participation and Private placements Private Banking Corporate Client’s private investment in Global Equities and Funds through Intermediatories. Key Accountabilities Authorization of high value payments Ensure payments are in line with Anti Money Laundering (AML) policy Resolve problems related to all transactions undertaken by Treasury Operations mainly payment defaults by counterparties Authorize update of counterparty and county limits in system Monitor limit exceptions and obtain management’s approval Authorize payment of brokerage, Bank’s commission charges and custody fees. Monitor Nostro accounts overdrawn balances and justify charges levied. Monitor inter-system suspense accounts and ensure they do not have any error balances. Authorize update of O/D interest rates, received from treasury, in the Host. Authorize issuance of Certificate of Balances to the clients. Authorize release of trades to Treasury for cancellation if required. Review Investment Trades and ensure appropriate management approvals are obtained prior to release of payment. Review reconciliation memos received from Financial Controls and resolve them. Preparation and control of department’s yearly budget. Prepare staff performance appraisals and identify training needs of the department. Contribute to maintain good quality of customer service. Maintain Service Level Agreement (SLA)…see more details
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