Job Description

Job descriptionJob SummaryThe incumbent will supervise all Money Market activities for the Group’s international operations in a cost-effective manner in accordance with the Group’s strategy, risk appetite, regulatory requirements, policies and procedures and the delegated authority.Main ResponsibilitiesA. Shareholder & Financial: - Complies with approved budgets, policies and procedures in relation to Group International MM operations. - Assists in the implementation of annual business plans for the area of responsibility with emphasis on achievement of set targets/ objectives, business growth and expansion in the Group International MM Desk. - Implements and evaluates of best practice work methods in area of responsibility to achieve optimum level of performance efficiency. - Implements KPI’s and best practices for Vice President, International Treasury role. - Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank. - Act within the limits of the powers delegated to the incumbentB. Customer (Internal & External): - Builds and maintains strong and effective relationships with all other related units to achieve the Group International MM Desk goals/objectives. - Provides timely and accurate information to the external and internal auditors, the Compliance function and Group Risk as and when required. - Assists in maintaining relationships with key international entities requiring money market services - To assist customers in all their queries on Bank’s product and seek solution to their requests. - Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time.C. Internal (Processes, Products, Regulatory): - Performs activities and monitor subordinates in compliance to the department’s policies and procedures for conducting buy/ sell deals in various currencies, maintaining/ collating MIS pertaining to profitability/ revenue, and observing compliance with the applicable limits approved by the Board/ its delegated authorities. - Monitors/ performs trading in various money market instruments such as deposits, loans, short-term securities, forward rate agreements and interest rate swaps in approved currencies and with approved counterparties on the behalf of the Group’s international operations. - Ensures compliance to set Money Markets limits for each international entity and recommends any changes to the SVP, International Treasury, when required. - Follows-up on the timely processing of Group International MM deals in coordination with Treasury Operations. - Provides pricing support for subsidiary departments and branches in foreign currency MM products. - Monitors gap positions for each subsidiary, and ensure positions are within QCB guidelines. - Supervises the production of daily rate sheets. - Assists the SVP, International Treasury in the provision of MM solutions to meet customers’ and the Group Internationals hedging requirements. - Manages the process of preparing daily rate sheets. - Monitors and analyze the international markets to be able to trade profitable positions and advise direct subordinate within the delegated authority. - Supports in the provision of accurate reporting of P&L figures of all MM activities and revalue outstanding positions to EVP, Group Treasury Trading on daily, weekly and monthly basis. - Is involved in the structuring of MM products, as and when deemed necessary by the SVP, Treasury Structured Products and Derivatives, in consultation with SVP, International Treasury.