Senior Manager, Treasury and Investment Head
Jordan Dubai Islamic Bank
Total des années d'expérience :22 years, 10 Mois
Milestones:
Successfully launched investment certificate of deposits ICD’s (well-structured Islamic CD’s) to support the liquidity structure of the bank and to provide customers/institutions with a variety of structured based products.
Besides arranging and structuring Murabaha sukuk financing product in cooperation with National bonds company (processing)
Sukuk raising for Jordanian Ministry to support budget deficit.
Sukuk raising for a local Jordanian big Client to finance existing syndication loan.
Project management of customer's trading system and custody service
Private monitored credit rating for the bank managed by Moody’s.
Strategic:
Coordinate with senior management in taking strategic decisions affecting the overall investment portfolio of the bank and develop and formulate investment/trading strategy.
Making sound investment decisions by continuous market research and good judgment.
Providing top management with high level reports of the portfolios on periodic basis.
A team player in dealing with Islamic sukuk (Origination/arranging, participation, marketing and outsourcing regional sukuk)
Providing Islamic advices in compliance with sharia rules to HNWI.
Developing and creating Islamic structured funds to deliver best Islamic financial solutions (Investment certificate of deposits, Global sukuk fund, structured product).
Investing banks liquidity under Murabaha and Wakala agreements.
Attracting sharia compliant investors that value capital preservation whilst continuing to benefit from regular and sustainable dividend distributions.
Outsourcing and liaise with the best Islamic investment houses in the region.
Interacting and participating with regional and global sukuk issues at primary and secondary markets.
Managing the bank equity portfolio within all assets classes locally and regionally.
Reviewing and issuing list of approved sharia compliant companies (shares) by implementing criteria in relation to the financial ratios provided by AAOIFI.
Ensuring proper due diligence is carried out in all investments.
Prepare business cases and proposals for new investment.
Managing assets and liabilities to ensure adequate liquidity at all time
Comply with Islamic Shariah Supervisory Board Restrictions and requirements, Comply with internal policies and external regulations at all times and ensuring adherence to all counterparties and credit limit
Managing FX risk and profit rate risk as approved in investment policy / CBJ memo and regulation
Efficient management of correspondent foreign currency accounts
Supervising, training and development of FX and MM desks staff, ensure individual desk targets and objectives are achieved at all times
Prepare Daily FX Prices against JOD and Managing Bank notes (Surplus/Deficit) for the bank
Facilitating prompt service in quoting rates, deal execution and branch queries pertaining to the FX desk
Active participation in the achievement of the profit target of Dealing Room
Providing Retail with their requirements regarding buying and selling Crude Palm Oil through Bursa Malaysia (Alyosor Product)
Implementing the highest standards and latest of Basel 2 to protect the bank from financial threatens and collapse.
Creating and establishing internal procedure for the treasury & investment department along with QFCRA rulebook.
Managing the bank's liquidity and creating a future matching profile for cash flows.
Member at Asset & Liability committee and Credit Committee.
Studying and assessing the credit applications requested by the clients.
Visiting and dealing with a high net worth individuals.
Illustrate and advise the BOD the extension necessitate of the banks limits based on the projected balance sheets, income statement and large exposure policy.
Stress test the bank liquidity through mark to market policy.
Hedging the bank's assets against the interest rate oscillation.
Recap the management with the bank achievements on quarterly basis in comparison with the projected and approached figures.
Formulating an appropriate income and duration gap analysis.
Responsible for banking relationships and correspondence.
Planning and budgeting.
Conducting a proper professional environment and working side by side with other departments assuring the best flow of the daily operations.
Managing and monitoring FX, Money market, Derivatives, with emphasis on Equity and fixed income markets, reporting and updating top management with potential investment opportunities for strategically long term positions particularly during growth in GCC markets.
Strong Technical Analysis for FX, Commodities, MENA, and International Markets.
Training and motivating all new staff in implementing the best banking practices throughout the best usage of the bank's system (Branch power, Kindle, Swift).
Milestones:
Enlarged the Treasury client base by 200% since January 2007.
Tripled the treasury and investment profits from FX, financial derivates, equities, and bonds portfolio.
An essential member in the management marketing team in attracting HNWI and sovereign wealth funds like Qatar Investment Authority - which has placed 10% of AJIBQ's total customer deposit - and other well known names in Qatar.
Developed and enhanced the treasury operational transactions in company with the financial controller by implementing the latest accounting standards.
Installed the treasury trading software (Reuters dealing system and Cobra) in cooperation with the IT department.
Increased the monthly FX turn over since January 2009 from USD 5 Million to USD 35 Million mainly from marginal trading of high net worth clients.
Established excellent relationships with most of the local Qatari banks, international banks, and Qatari blue chips.
Lately opened two equities trading accounts in order to diversify operational risks with a well known regional brokerage firms (KFC, NBDS).
Over US 290 Million dollars AUM.
Use money market derivatives to hedge the bank's assets and liabilities exposures.
Preparing ALCO reports on monthly basis.
International & Local Money Market management.
Pricing and Trading Local Corporate & Governmental, CD's, T-Bills, Water Bonds and T-Bonds.
International & Local Money Market management.
Controlling and Managing Asset / Liability Desk.
Formulate gapping strategies as appropriate.
Pricing and Trading Local (Corporate & Governmental), CD's, T-Bills, and T-Bonds.
Pricing and Trading Commercial papers, Repo Agreements, Fx Forwards, and Swaps.
Controlling and Managing Asset / Liability Desk.
Preparing ALCO reports.
Broking for margin accounts customers in FX.
International & Local Money Market management.
Establishing and updating FX and Money Market Lines.
Pricing and Trading Local (Corporate & Governmental), CD's, T-Bills, and T-Bonds.
Pricing and Trading Commercial papers, Repo Agreements, Fx Forwards, and Swaps.
Speculation for margin accounts customers in FX.
Trading on behalf of the Bank in the FX market.
International & Local Money Market management.