Job closed
Ref: HP787-176
Job description / Role
- Responsible for management of the asset-liability position of the bank by funding the Banks book in the safest and most cost-effective manner.
- Managing net foreign exchange exposure by hedging forex risk.
- Managing forex and money market on behalf of the bank in accordance with overall objectives and the regulatory framework so as to earn adequate dealing profits.
- Identifies and managing the funding needs in local currency/foreign currency based on requirements and implementing optimal funding strategies.
- Explore opportunities for investment in Capital Markets and Fixed income instruments to increase revenues.
- Ensure optimal utilization of excess funds by placement/investment with financial institutions as per approvals and guidelines of the management.
- Generate forex and large deposit business for the bank by identifying profitable opportunities and directing resources to ensure maximum efficiency.
- Negotiate rates for placement of funds and sourcing of funds. Advise the branches /offices about exchange/interest rates to be quoted to customers.
- Ensure that all stipulated ratios such as lending Ratio/NOP, liquidity ratios and reserve requirements are maintained as per internal/CBO limits.
- Liaise with investment brokers, banks & financial institutions and regulatory authorities for managing the Treasury activities efficiently.
- Ensure accurate and timely reporting as required by the management, auditors, branches and CBO.
- Coordinate with corporates and financial institutions to ensure that all documentation such as ISDAs is executed to ensure uninterrupted business exchange.
- Identify the training and development needs of Treasury in conjunction with Training Department and ensure that staff is adequately skilled to the undertake future business requirements of the Bank.
- Visits Treasury clients regularly and initiate new relationships thereby enhancing customer base.
- Managing and forecasting Asset and Liability mismatch as per tenor buckets stipulated by CBO.
- Review and update Treasury manual as per CBO guide lines.
- Strengthen relationship with Ministry, Pension Funds and major customers.
- Approve interest rates on FDs/CALLs/CUAs, STL /long term interest rates for corporate/retail clients.
- Marketing Treasury products to existing and prospective customers and institutions as per strategic plan and ensure the budgets of the department are achieved.
- Periodic review of Treasury limits to our counter parties based on reciprocity and diversification of risk.
- Ensure to address and close all audit (internal & CBO) comments.
- Managing the dealing room staff to ensure maximum productivity.
- Introduce new structures and products based on customer and regulatory requirements.
- Draft policies and procedures regarding conduct of dealing room activities
Requirements
- MBA-Finance/Chartered Accountant/CFA or equivalent qualifications.
- At least 10 years of banking experience out of which 5 years experience in a similar position.
- Analytical thinking based on available information and effective decision making abilities.
- Must exhibit strong leadership skills
- Must possess strong relationship management traits and risk management abilities.
- Very good understanding of treasury products and settlement procedures.
- Must possess strong I.T. Skills.
- Ability to manage and mentor the existing staff and impart knowledge to further enhance skills.
About the Company
Established on January 1 1990, Bank Dhofar is an Omani commercial bank wholly owned and managed by Omanis. With successive years of constantly setting new standards in banking, BD has attained an impressively expanding network of 50 operational branches and 89 ATMs.
Through an international network linked by advanced technology, BD provides a comprehensive range of financial services that encompass personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.
Its Board of Directors & Management Team consists of eminent professionals like accountants, management experts, economists, businesspersons, etc. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.