Job Description
the Commercial Bank of Kuwait - CBK is currently seeking to hire an Assistant Manager - Treasury Operations
Duties and Responsibilities
Your main responsibilities in this role include the following:
Monitor Treasury Operation Department and ensure prompt settlement of transactions concluded by Treasury, Investment Department, International Banking Division and Private banking. Ensure error-free processing to avoid loss to the bank.
Loans & Deposits, Foreign Exchanges, Treasury Bills & Bonds, Nostro Funding Derivatives (Options, Forward Rate Agreement-FRA, Interest Rate Swaps-IRS, etc.) and Certificate of Deposits.
Equities, Bonds, Floating Rate Notes-FRN, Funds participation and Private placements.
Corporate Client’s private investment in Global Equities and Funds through Intermediaries.
Resolve problems related to all transactions undertaken by Treasury Operations mainly payment defaults by counterparties.
Authorize payment of brokerage, Bank’s commission charges and custody fees.
Monitor Nostro accounts overdrawn balances and justify charges levied.
Authorize update of O/D interest rates, received from treasury, in the Host.
Authorize issuance of Certificate of Balances to the clients.
Review Investment Trades and ensure appropriate management approvals are obtained prior to release of payment.
Preparation and control of department’s yearly budget.
Maintain Service Level Agreement (SLA) with internal clients.
Review and help respective departments to evolve procedure for new Treasury products.
Job Requirements
Thorough knowledge of general banking and accountancy.
Good knowledge of wholesale market settlement process and business standards.
Good products knowledge.
Evaluation capability and quick decision making ability.
Meticulous checking and verification skills to ensure 0% error.
Excellent in figure works.
Excellent correspondence skills.
Job Details
Company/Organization: Commercial Bank of Kuwait - CBK
Employment Type: Full-time Job
Job Location: Kuwait City, Kuwait
Application Deadline: N/A
