Treasury Senior Manager - Middle Office

Job Description

Job?Purpose:?Majid Al Futtaim Holding Treasury works within Board approved policies in terms of internal control and risk management. The Middle Officer will?organize & manage the Middle Office?in a way to be able to fulfill its?monitoring and controllership roles?and?ensure conformity with the internal risk framework?at all times. The job will report to?Head of Treasury Middle and Back office.?However, given the nature of the role, it will?also report to Head of Finance?allowing for freedom and independence to raise compliance issues, limit breaches, P&L reporting etc.The candidate should be a strong professional with a combination of?keen analytical /conceptual ability?with enthusiasm for?establishing systems and framework?to meet business needs. The incumbent is expected to handle the middle office?independently and stand up to senior management on contentious issues, if any.?The candidate must?actively search & reapply best practices, be?a?strong team player?and?possess?maturity?to?manage the complexity of dual reporting lines due to the Middle Office nature. ??Job Details ? Key Responsibilities and Accountabilities:?

• Develop and maintain a framework?that allows for adequate control of financial and operational risks arising from Treasury activities
• Monitor, analyze and report all Treasury limits and report breaches?to Risk Committee: Trading, liquidity & funding, counterparty, settlement, portfolio.
• Prepare / Validate all the Treasury exposures?including?valuations and P&L calculations? in relation to financial risks
• Monitor compliance?of all the Treasury activities versus the approved Policies
• Establish and manage a set of performance measurement metrics?for Treasury activities
• Ensure all processes and controls?are fully documented
• Manage Business continuity and Disaster recovery?processes
• In?charge of all the Treasury activity reporting,?including Risk Committee, Banks,Management, credit rating agencies and become a referent person on these issues for external and internal auditors
• Perform regular mark to market / revaluation of all the Treasury position?and cross check them with bank?s sources
• Monitor operational risk controls?including reconciliation of bank signatory powers internal and external records.
• Treasury Management System (TMS):?Responsible to manage TMS for middle office related activities. Be one of the system admins to ensure that roles and responsibilities are well defined in TMS, appropriate control on user access and segregation of duties and approval workflows.
• Cash Management:?Role will also assume responsibility to management of cash group wide, continuously monitoring and repatriating any excess cash to Holding in line with Treasury Policy.?
• Analytical support on special projects:?Treasury follows ?flow to work? approach based on skills/capacity in allocating project work. This offers interesting and aspirational deliverables on broad scope of areas such as Risk Management, Corporate & Business Finance, M&A due diligence, Systems implementation, Working Capital Optimization, etc.?

• Reporting: Preparation of reports for CFOs, Risk Committee, Group Board and external Rating Agencies
• Derivative Operations: Monthly reporting of valuations, hedge accounting including effectiveness testing, liaising with Back-Office for derivative settlements and collateral management
• Compliance: Segregation of Duties within Treasury, analyzing and recommending changes on Treasury policies and procedures (viz. Delegation of Authority and Treasury policies), ?liaising with Internal and external Auditors
• Policy Limit and KPI Monitoring: Monitoring of limits set by Group Board and highlighting the risk of limit breaches to Treasury. Setting and monitoring Treasury-wide KPIs.
• Analytics: Providing analytical and/or market intelligence support to various functions in Group Treasury.
• Special Projects: On need basis, this can include but not limited to ad-hoc projects in Corporate Finance, Business Finance, Risk Management, M&A due diligence, Systems implementation, Working Capital Optimization.

• Internal audit scoring, including absence of major compliance or risk issues
• Completion of projects : Set up of systems to monitor proactively
• Accuracy and timeliness of reporting
• Frequency and quality of innovative/improvement ideas for treasury processes
• Customer feedback ? internal and external
• Quality of analytics & business ideas based on market sensing

Keyskills :
Treasury Management Finance Derivatives Treasury Functions