Unit Head - Islamic Treasury - Bank

Unit Head - Islamic Treasury

Main role (Overall accountability):

Responsible for Meethaq's balance sheet funding, liquidity maintenance, foreign exchange sales income as well as control of foreign exchange positions within the approved parameters.

Principal accountabilities:

1. Asset Liability optimisation through placement/borrowing of surplus/deficit cash in the local, regional and international market.

2. Maintaining Cash Reserve Requirement - CRR at the optimum level.

3. Compliance and monitoring of Prudential Ratios like financing Ratio, Liquidity coverage ratio, Overseas placement limits, MAL Gaps for OMR, USD and other currencies.

4. Management of Nostro Accounts across different currencies and institutions to optimise availability and utilisation.

5. Invest and manage fixed income sovereign sukuk portfolio comprising both OMR & USD.

6. Quoting FX rates (Spot & Forwards), Cross Rates & Deposits Rates to various Inter-bank Counter-parties, other departments within the broader bank, as well as corporate customers, as required.

7. Grow Meethaq's Foreign Exchange in collaboration with Meethaq's coverage teams and other stakeholders.

8. Management of foreign exchange exposures and hedging currency risk through the use of FX swaps and forwards.

9. Keeping abreast with the latest Global Economic and Financial information including Currency Markets, Capital Markets, and Policy Frameworks of Central Banks etc. and providing periodic briefs to Meethaq business units.

10. Establishing new relationships and enhancing existing relationships with local and foreign counterparts for establishing Islamic Agreements under which Interbank Transactions can be conducted in a Shariah Compliant Manner.

11. Cash flow projections for management and ensuring funding is always available for requirements.

12. Analysing the liability profile and recommending the appropriate gearing level and pricing to management, in line with MALCO guidelines.

13. Liaising with various stakeholders both external including Audit, Central Bank, and internal including Finance, Information Technology, Internal Audit, Product Development and Shariah Compliance etc.

14. Any other assignment assigned by line manager Head - Wholesale Banking & Retail Solutions and Islamic Treasury.

Personal Specifications

The Successful Applicant will possess the following qualification:

- The candidate must have an appropriate degree from a recognized university.

- The candidate is required to have a minimum of 10 years of Islamic Banking experience with specialization in the Islamic Banking industry and a proven track record in the following Islamic Treasury space; Asset & Liability Management, Investments and FX Sales.

- Has the experience of dealing with banks across various jurisdictions (regional and global).

- Has a proven record of engagement with regulatory agencies and Islamic standard setting bodies (CBO, IIFM, and AAOIFI).

- Possess financial modeling and due diligence skills.

- Strong interpersonal skills with the ability to quickly build relationships inside and outside of the organization.

- A self-starter who has a high drive for results.

- Excellent written and oral communication skills.

- Ability to think outside of the box to deliver solutions that meet the needs of the customers.