JOB : AGM- Treasury Control
10 to 15 years
Our client is one of the leading Bank in Kuwait.

Job Purpose

§ Manage Bank’s liquidity requirements.

§ Managing the Assets and Liabilities of the Bank.

§ Reducing Cost of Funds.

§ Monitor and manage all types of statutory ratios set by Central Bank.

§ Supervise staff on the Money Market & FX desks.

§ Train and motivate staff.

§ Implement department’s strategic plan.

§ Prepare annual budget for MM & FX desks in conjunction with the General Manager - Treasury & Investment.

§ Ensure Nostros/Vostros are properly funded and managed.

§ Periodic reporting to General Manager - Treasury & Investment on loan funding status vis-à-vis credit line availability.

§ Ensure interest rate risk ladder is within the set parameters.

§ Hedge interest rate exposures of the Bank according to the bank and Central Bank of Kuwait’s guidelines.

§ Management of spot and forward Foreign Exchange positions.

§ Managing the Bank’s FX exposure.

§ Trade in Money Market & FX desk profitability.

§ Ensure policies and procedures are adhered.

§ Liaise with other Managers of branches overseas.

§ Liaise with General Manager - Treasury & Investment as to basic strategies.

§ Compliance with local monetary regulations.


Key Accountabilities:

§ Liaison:

·         With General Manager - Treasury & Investment re: KD liquidity, KD Money Market & Foreign currencies Money Market & FX positions (USD, EUR, GBP, JPY, CHF, GCC currencies etc.)

·         With Corporate desk on deposit rates and market movements.

·         With FX desk on market developments.

·         With Operations (L/C, Treasury operations, CCPD, etc.) and Financial Controls to ensure timely and accurate reports are received by Treasury Division.

·         With International Division on management of Nostro/Vostro accounts, placements, loan raising, rollovers, etc.

·         With Corporate Credit Division on loan raising, loan rollovers, money market lines.

·         With Retail Division in funding of loans.

·         Local, International banks and Central Bank of Kuwait.

·         With Risk Management Division on risk and controls.

·         With General Manager - Treasury & Investment in preparing annual budget for FX & MM desk

·         The performance of Money Market & FX desks staff

·         Control of Counterpart limits and makes sure no access or limit breaches.

·         Market developments that may impact the department’s performance.

·         Statutory reports set by Central Bank.

·         Business achievements, profitability to determine progress and increase efficiency of the desks.

·         Treasury Bill/Bonds portfolio.

·         To maintain a smooth running and profitable FX & MM Desks.

·         To ensure Management directions are implemented.

·         Management of spot, forward and swap Foreign Exchange positions.

·         Managing the Bank’s FX exposure.


Trade :

·         Actively trade in the KD & FC book.

·         Trade in Treasury Bills & Bonds in the primary and secondary market with a profit potential, as well as for bank’s ratio requirements.

·         Ensure all loans are properly funded at competitive rates.

·         Hedge against interest rate exposures according to bank and Central Bank regulations.

·         Hedging interest rate risks through IRS/FRA.

·         Trade in Islamic Products.

·         Trading Foreign Exchange in international markets and domestic market.

·         Supplying and altering rates for Retail requirements.

·         Managing strategy & proprietary trading.



·         The Department’s strategic & business plan.

·         Automation of Money Market & FX desks record keeping.

·         Develop, monitor, control and training all money market/FX desks staff.

·         Review, update and implement existing money market & FX policies and procedures periodically.

·         Implement Treasury Budget and strategy for Foreign Exchange & Money Market Desks.


 Key Performance Indicators (KPI's):


§ Increase profit contribution through a well planned trading and lending strategy.

§ Safeguarding against major interest rate fluctuations.

§ Instant response on all inter-bank dealing calls as well as customer/inter-department calls.

§ Daily discussion with the dealers on market views, factors effecting the interest rate movements, liquidity ratios etc.

§ Ensure Bank’s image is promoted professionally in the international and local market.

§ Creative and thoughtful approach is the key to resolve complicated problems.

§ Dealers should adhere to code of conduct while dealing.

§ Problems created out of dealing either between banks or brokers, the matter should be referred to the General Manager - Treasury & Investment/Management immediately with full description of facts and possible solution in line with the generally accepted market practice/code of conduct.

§ Discrepancies with Central Bank on account of inaccurate / irregular reporting to be minimized / avoided.

§ Ensuring Bank’s name is promoted professionally in the international interbank markets.

§ A profitable and professional run desk.

§ Constantly solving problems regarding management direction and its implementation regarding FX desk.

§ Constantly reviewing strategy on a daily, weekly, monthly basis, regarding state of the markets and their impact upon profitability.


? ‘’Bachelor Degree’’ in Business Management or Accounting preferred. ? ACI Diploma (1st / 2nd level) is a high preference ? Mathematical and Economical skills. ? Ability to operate a personal computer. ? A high ability to be able to communicate with customers, subordinates, and management alike. ? An extensive network of contacts in other financial centers. ? A high degree of concentration and ability to work under pressure. ? An advanced knowledge of economics and current affairs and their impact on the markets. ? Ability to assess and forecast market trends. ? At least 10 years dealing experience in interest rate cash and futures markets. ? At least 1 year as Deputy Chief Dealer / 3 years as Senior Dealer • Problem Solving – Makes Complex Analysis • Recognizing Patterns – Clarifies Complex Issues • Focus on Business Goals – Takes Calculated Risks • Change Orientation – Changes Existing Approach • Effective Communication – Uses Complex Communications Strategy • Information Gathering – Establishes Information System • Self Confidence – Takes on Challenges • Trustworthiness – Adheres to Principles in Challenging Situations • Understanding Others – Understands Behavior • Decision Making – Makes Decisions regarding the Longer Term • Developing Others – Gives Developmental Feedback • Defectiveness – Challenges Poor Performance • Team Leadership – Creates Commitment • Focus on Customer Service – Takes Responsibility • Building Relationships – Establishes Network • Promotes Teamwork.
Diploma-ACA,Bachelor Degree in Banking & Finance,Masters
Ms. Rakhi T. Sachdeva - Recruitment Manager
CONTACT PHONE NO. 00 965 22622757 Ext - 202