Director, Treasury Department Jeddah
To provide strategic direction, motivational leadership and operational oversight for the Treasury Department. Determine the strategy for the Treasury Department, set and deliver ambitious objectives that enable IDB achieve its goals, and direct the related operational decisions / responsibilities.To set objectives to mobilize necessary resources, preserve capital I liquidity and optimize returns in accordance with Shari’ah principles, and as per IDB applicable policies and regulations.
KEY ACCOUNTABILITIES & ACTIVITIES: Strategy Development and Business Planning
Lead the formulation, development and implementation of the Treasury Department strategy in support of lDB’s goals and in response to emerging trends or client/ customer needs.
Develop, implement and monitor the Treasury Department’s business plans, KPis, budgets and objectives.
Identify opportunities and champion initiatives that enable the Treasury Department to increase its impact or to deliver innovative and differentiated services, encouraging Department members to fully contribute.
Ensure the Treasury Department works effectively, proactively and with urgency across IDB Group and externally to ensure the delivery of joint services results that meet lDB’s interests.
Encourage and motivate due commitment to the mission of the Islamic Development Bank and its group, translating broad strategies into specific objectives and action plans; aligning the organization to support strategic priorities.
Product Development I Investment Management
Review and contribute to ALM’s policies related to liquidity, income I currency Management practices and financing pricing.
Contribute to the development of Shari’ah compliant liquidity investment/financing products in addition to Sukuk i.e., trade finance, and other suitable instruments; market and promote to potential investors.
Participate in the conduct of studies on treasury related policy issues, evaluate outcome j results and advise Management on potential actions to be undertaken.
Evaluate and monitor IDB treasury products and services, performance, market developments and recommend appropriate actions to management.
Monitor the performance of relevant funds and ensure that Fund Managers operate With establish investment guidelines / mandates.
Review IDB entities’ and operations units business plans to assess and evaluate their Funding requirements and liquid funds available for investment purposes.
Monitor economic and market trends f developments and anticipate potential impact on lDB’s financial soundness I progress and proactively recommend appropriate strategies I policies and actions to ensure the achievement of medium-term financial targets.
Leverage the lDB’s assets available for potential securitization to secure finances at competitive market rates from domestic f capital markets in line with established policies, procedures, and risk parameters, and Shari’ah principles to generate appropriate returns on investment and manage the IDB’s external borrowings I liquid investments.
Review and endorse treasury operations and future projections for discussion and approval by Management.
Evaluate, monitor and forecast the impact of treasury policies on the Bank’s liquidity position and recommend appropriate actions to Management.
Evaluate and Monitor of the middle and back office operations, latest developments in accounting, controls and the legal and regulatory environment in which major borrowers and investors operate.
Act as an escalation point and expert on treasury-related issues to Management, internal and external stakeholders. Provide expert advice to member countries related to policies and techniques for market borrowings and liquidity investments.
Provide Management, Asset & Liability Committee (ALCO) and Board of Executive Directors with periodic I ad-hoc reports on the bank’s liquidity positions including expert advice and recommendations on appropriate strategies / actions where required.
Advice I support Management to formulate appropriate treasury policy issues in line with international standards and best practice to protect the Bank from financial abuse, negligence and or fraud.
Internal Control I Risk Management
Define, evaluate and/or review internal control frameworks and mechanisms for all treasury transactions in line with international best practices and governance principles.
Review GlAD reports and oversees the timely resolution of any issues raised as required.
Draw lessons from quality management reports and delegate any necessary learning to divisional managers, overseeing measurement of leverage.
Act as the focal point for all matters related to Treasury matters and represent IDB on relevant forums.
Establish, maintain and f or enhance working relationships with major multilateral institutions and investment banks in the area of new Islamic financial product development to mobilise financial resources.
Build and develop productive working relationships within IDB Group and with external partners for joint working and knowledge sharing.
Knowledge Sharing & Innovation
Ensure introduction of process innovation and professional development for increasing efficiencies in the Department in accordance with the best business practices.
Develop consultations, convene meetings, and review studies and benchmarking to promote awareness and harmonize activities with other MOBs on best practices in the Treasury areas.
Represent IDB in Treasury-related matters in multilateral and regional events and forums, policy discussions and dialogues, conferences, and communities of practices.
Governance & Systems
Develop and manage implementing of standards, policies and processes for optimal support to the Finance Complex.
Ensure that all the department services are provided effectively, aligned with best practices and guidelines, and utilized in an efficient and cost-effective manner to support the business needs.
Define clear roles, responsibilities and accountabilities, along with matching authorities, to provide a structure that would strengthen accountabilities at all levels of the Department.
Generate commitment, motivation and enthusiasm to the Department goals, and guide Department members through periods of change or uncertainty.
Provide clear direction and motivation, prioritize tasks, assign and delegate responsibility and monitor the workflow
Plan, manage and review individual performance and provide regular feedback, development and coaching, taking prompt action where necessary
Provide opportunities for the Department members to suggest, participate in and contribute to improvement, innovation and knowledge sharing initiatives
Manage successfully a diverse group of highly skilled financial professionals; capacity to motivate teams to excel in competitive markets within the context of a multilateral organization
Analysis and Reporting
Provide management reports that include insight, analysis, forecasting and comment on Department performance and results.
Communicate intended results, results achieved, performance, and lessons learnt within the Department as well as to its Management, relevant governing bodies, partners and other key stakeholders.
QUALIFICATON / EXPERIENCE: Educatioin: Accounting / Finance / Business Administration / Accounting / Finance / any rlevant discipline.Experience:
Bachelor with 20 years relevant work experience
Master with 17 years relevant work experience
Doctorate with 15 years work experience
English – Required
Arabic – Preferred
French – Preferred
PROFESSIONAL CERTIFICATION: Preferred as applicable.
Job Specific Technical Skills and Necessary Knowledge:
Ability to identify and analyse trends I patterns to guide financial I investment decision-making
Proven ability to lead high-level discussions and consultations
Is sought out to serve as an authority and I or to peer review the work of others, technical advice to clients, and partners
Deep knowledge of Shari’ah products, services / Islamic Banking principles
Financial and investment analysis
Knowledge of various aspect of development banking business and operating models and knowledge of emerging finance industry operating models and knowledge and themes and best practices
Financial markets methodologies and approaches.