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.
Organizational Unit Responsibilities
Contributing to formulation and implementation of action plans, processes, budgets, and operational KPIs for the Treasury Back Office.
Preparing the standing and ad-hoc reports of the Treasury Back Office
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.
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 and reviewing the relevant schedules and confirmation messages for Treasury deals.
Collecting and reviewing 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.
Reconciliation of banks accounts on daily basis to ensure no open items between the ledger and the bank statement.
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 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:
Bachelor / Graduate degree in Business, Finance or Economics
Treasury-related Professional Certification is preferable (CTP, ACI-Operations)
