Forex/MoneyMarkets Manager - MENA - Global Markets Operations
HSBC
مجموع سنوات الخبرة :19 years, 0 أشهر
As Forex/MoneyMarkets Manager - MENA, my primary role in the Treasury Operations is Cashflow Management for UAE and other Regional Sites we support.
I have a direct team of 4 people reporting into me.
I closely work with the Balance Sheet Management Desk and provide spinal work for them to optimize the cash positions of the bank which will enable the team maximize revenue.
Along with this my other primary responsibilities are to train and develop new staff, do their semi annual and annual appraisals, give them regular feedback.
My role as a manager also requires me to ensure high levels of commitment and dedication from my team.
My role also is to negotiate with other banks on a top tier level in terms of settlements and claims.
However as part of Operations we are not set any targets for gains, for my team we made sustainable retained earnings of USD 197 thousand for the year 2012.
We also have a threshold of not letting any operational losses go beyond, and I have managed to achieve that in my role for two consecutive years.
I am also responsible for all the static data maintenances for client on boarding on to treasury systems.
I manage the daily interest and revaluation rates for the entire bank.
Additionally my job description in a concise manner are as follows:
- Balance Sheet Management Support.
- Cashflow Management.
- Nostro Management.
- Exchange Rates.
- Interest Rates.
- Bond Rates.
- Monitoring Reuters.
- Execution of Transactions by Finance Control Department.
- Execution of Transactions by Reconciliation Department.
- Cross Currency Transfers (Exotic Currencies)
- Central Bank Payment systems.
- Verification and Authorization of deals.
- SWIFT Transmissions.
- Settlements of Bullion Desk (Gold, Silver and Platinum)
- Bookings and Settlements of Certificates of Deposit.
- Bookings and Settlements of T-Bills.
- Correspondence with FIG regarding High Net Worth Clients.
- Settlements of Corporate Transactions.
- Settlements against Non-Deliverable Currencies.
Major Projects:
- Balance Sheet Management Migration
- Handling Entire Treasury System Reviews (User and Functional)
- Operational Acquisition of LLoyds TSB
- Operational Acquisition of Oman International Bank
- Specialization in understanding the concepts of CNY (Onshore) and CNH (Offshore) trades and settlements.
Functions of complete Treasury Offices for the following Countries:
- UAE, Bahrain, OffShore Bahrain, Algeria, Iraq, Qatar, Egypt, Oman, Pakistan, Kazakhstan, Lebanon, Jordan and Kuwait
Training and Development:
- Training New Staff/Interns.
- Develop Manuals.
My primary role as FX/MM Officer was to handle the entire operations of a Treasury Back Office, being not a huge setup, I was involved in managing BO and Middle office roles inclusive of handling FX/MM and Derivatives products.
Handled numerous projects including the automation of Deal entry system which was a pilot project in 25 countries where the banks exists and was awarded the certificate of best process re-engineer for two consecutive years.
I was also awarded the deputy headship of the department in absence of the Head of Department. Used to manage a team of seven.
Additionally my job description is as follows:
Functions of a Treasury Back Office
Reconciliation of Dealer's position with that of the system.
Calculation of exchange profit.
Verification and authorisation of deals.
Swift transmissions.
Monitoring of Gulf Risk Exposure.
Monitoring MDDR Limits.
Monitoring Reuters.
Execution of transactions by Finance Control Department.
Execution of transactions by Reconciliation Department.
Handling Syndications, Term Loans, Risk Sharing and Fixed Income Transactions.
Cross currency Transfers.
Central Bank Payment systems.
Backup for FX/MM Dealer.
Dealing on Reuters 3000
My role as an Assistant Business Analyst was to predominantly meet up with clients and assist them with financial re-modeling of their businesses.
Would provide them business feasibility solutions and financial solutions for business revenue optimization.
- Prepared Business Information Reports of the companies of Karachi.
- Quality check of reports made at other cities than Karachi.
- Analyzed and compared financial ratios for companies to industry benchmarks.
- Administered meetings where staff gave weekly reports.
- Prepared Income Estimation Reports for Banks.
- Prepared SME reports for Banks.
- Free lance investment consultant, selling Open Ended Mutual Funds.
- Taught students of Grade 9, which was the preparatory class for the O’Levels.
- Conducted a workshop for all the mathematics teachers as how to prepare students in a more consistent way with the policies of the British Council.
- Obtained 7th position in the International Schools’ Education Olympiad’s “Teachers’ Quiz”
- Promoted the launch of the ABN AMRO Debit Card by signing up 275 customers to the program amounting to 2% of the total accounts handled by the bank.
- Maintained a working knowledge of the bank’s products, services, policies and procedures by referring to their website, circulars and manuals.
Have cleared 6 out of the 14 papers of ACCA. Also enrolled for B. Sc Applied Accountancy from Oxford Brookes University, England as an external programme.
GCE A'Levels Majoring in a Business Studies.
GCSE O'Levels, Majors in Pre-Engineering with a combination of Chemistry, Physics, Further Mathematics and Accounting.