Senior Associate, Treasury Back Office

IDB3310 - Senior Associate, Treasury Back Office

Business Unit: ITFC

Division: Not Applicable

Department: Not Applicable

SECTION I: JOB PURPOSE:

This role is responsible for providing the coordination work and technical and administrative support for executing of all Treasury deals, confirmations and maintain banking relationships for ITFC. Coordinate with other ITFC departments/entities and external banks and financial institutions for timely processing of payments and maintenance of efficient banking relationships for ITFC.

SECTION II: KEY RESPONSIBILITIES:

Organizational Unit Responsibilities

Collecting data for preparing the standing and ad-hoc reports of the Treasury back-office function.

Providing support in executing projects around system enhancement such as automation of reports to improve turnaround time and quality of reports.

Introducing improvement initiatives to contribute to the effectiveness and efficiency of Treasury back-office function.

Technical Responsibilities

Processing and Settlement of Treasury Deals- Money Market, FX, Fixed income, Derivates and Capital Markets Transactions

Collecting data for execution of treasury deals.

Creating the relevant schedules and confirmation messages for Treasury deals.

Collecting data for final release of operational and administrative payments.

Processing various payments with correctness and completeness of documentation for effecting payments within time and no delay.

Reviewing/verifying sources and application of funds to ensure proper and efficient processing of settlements.

Coordinating with relevant departments to manage disbursements.

Maintaining confidentiality of all payments related data being processed and disseminate only when required as per policies.

Monitoring minimum balances and replenishment requirements of all ITFC accounts.

Handling different queries received by other departments on settlement matters.

Monitoring daily Treasury payment processing ensuring adherence to policies and required timelines.

Respond to all enquiries on receipt of payments by beneficiaries in a timely manner and perform related follow-up activities.

Making sure no open items between ledger and the bank statement.

Daily reconciliation of Bank account with Treasury records.

Generate periodic reports on Treasury activities.

Update and maintain necessary documents regarding controls, procedures, and guidelines for handling treasury transactions.

Assist in the development of overall systems and procedures for treasury back-office.

Bank Account Management

Collecting data for preparing reports on the accounts and account holding banks.

Handling all banking relationships with corresponding banks

Handling account opening requests received from other departments.

Assisting in developing and maintaining a secured bankable payment channels with other banks and Financial Institutions.

Following up on new standards/regulations governing international payments and banking relationships

Maintaining database of banking relationships with all related details

Assisting in selecting and opening of accounts for ITFC.

Networking & Partnership

Participating in roadshows, conferences, workshops, seminars and market positioning activities of ITFC to promote ITFC and expand network of treasury partners.

SECTION IV: KNOWLEDGE, SKILLS & COMPETENCIES: