Head of Funds Transfer

Job description / Role

Talent2 are currently recruiting for an exciting opportunity with one of our clients within the Banking industry, They are looking for a Head of Funds Transfer to be reporting to the Head of Centralized Operations. This role is vital for the bank and offers great exposure and development for the successful candidate.

• Design and implementation Standard Operating Procedure in Funds Transfer unit.

• Identify GAPS and Introduce controls to reduce Operational Risk

• Monitor the processes and their results for continuous improvement

• Participate in Process re-engineering activities

• Define SLA for the processing of non-STP incoming and outgoing payments.

• Establish special workflow for government and corporate payments

• Coordinate with IT for schedule maintenance activities from SARIE and SWIFT

• Define SLA with communication unit for on time delivery of printed messages

• Establish threshold amounts in funds transfer and coordinate with Treasury for processing of such transactions

• Design the internal settlement process.

• Coordinate with SAMA SARIE team whenever required

• Establish communication method between Enquiry desk and funds transfer for Foreign currency payments issues (incoming or outgoing)

• Ensure the execution of regular reconciliation process and financial bookings

• Participate in Audit activities and recommend changes to complement audit comments

• Prepare monthly statistics reports for management and improve the Operations rating

• Support the Implementation of bank’s strategy

• Prepare and evaluate staff Key performance Indicators and midyear reviews

• Arrange inter department training for staff and initiate career growth opportunities

Requirements

• University graduate

• 10 years of experience in Banking Operation

• At least 7 years in Funds Transfer Unit

• Exposure to best and efficient funds transfer
practices in the market

• IOB certified

• Accounting courses

• SWIFT messages training

• Must be adept in use of MS Office 2000 or later, particularly Excel and Word, and Internet and email

• SWIFT payment messages

• SARIE payment messages

Key Interpersonal Skills:

• Team Member

• Strong written and verbal communication skills

• Ability to negotiate

• Self-driven

• Clear focus on high quality and business satisfaction

• Reliable, tolerant, and determined

• Empathic communicator, able to see things from the other person's point of view

• Management Ability

About the Company

Allegis Group retired the "Talent2" name and re-branded its specialist recruitment professionals brand to Aston Carter.

Aston Carter is a distinguished global provider of recruitment services to companies requiring highly specialised business professionals. We have an unrivalled commitment to delivering first class service to our clients and candidates across professional disciplines, including Information Technology, Finance, Sales, Risk, Credit, Compliance, Operations, Marketing, Audit, HR and Engineering. Although we are retiring theTalent2 brand, our continued alignment with your company's business objectives will remain unchanged. As part of Aston Carter, our global presence gives us access to additional high-level talent, solutions and industry trends to better grow with our customers.

With more than 60 offices across Europe, Asia Pacific and North America, Aston Carter provides local, regional and global expertise to drive value and meet our customers' unique needs. Aston Carter is an operating company of Allegis Group, a global talent solutions provider and the world's largest privately owned recruitment firm.