Head of Treasury and Financial Institutions
Blue Nile Mashreg Bank
Total years of experience :14 years, 9 Months
As the head of the Treasury Department, I effectively supervised its functions and activities, ensuring optimal resource allocation for maximum efficiency. With a focus on integrity and ethical conduct, I led my team to align with the bank's strategic goals. I maintained tight control over the bank's funds, ensuring liquidity and cost-effectiveness while meeting operational and capital investment needs.
• Vigilantly overseeing the dealing room and foreign exchange/money market positions, I upheld adherence to approved risk parameters. Through accurate forecasting of daily/weekly cash flow positions, I efficiently managed available funds.
• Mitigating financial risks associated with profit rates on borrowings and foreign exchange positions, I consistently exceeded financial targets by approximately 23%.
• Compliance with statutory requirements and guidelines was paramount, and I diligently updated policies and procedures to enforce adequate control over treasury activities.
• Cultivating strong relationships with the investment community, credit rating agencies, and inter-bank counterparts, I fostered collaboration and trust.
• I meticulously prepared department budgets and closely monitored performance, identifying and implementing areas for improvement. Facilitating ALCO meetings and reporting on decision implementation was a key responsibility, as was monitoring market developments to assess portfolio impacts and opportunities.
• In negotiations with financial institutions and banks, I secured beneficial business deals and agreements, enhancing the bank's corporate banking business. Lastly, overseeing credit risk analysis enabled me to establish appropriate credit lines for local banks, further solidifying the bank's position in the market.
As a seasoned professional in treasury management, I have consistently demonstrated a strategic and meticulous approach to overseeing financial operations. In my role, I have effectively directed the Treasury Department, ensuring the optimal allocation of resources to support the objectives of Kenana Sugar Company.
• Upholding the highest standards of integrity and ethical conduct, I have led my team to align with the company's strategic vision and achieve its business strategy. With a focus on maintaining a sound liquidity position and optimizing cost-effectiveness, I have diligently controlled and regulated the company's funds to meet operational and capital investment requirements.
• I have closely monitored the dealing room and foreign exchange/money market positions, ensuring strict adherence to approved risk parameters and safeguarding the company's financial interests. Through meticulous forecasting of cash flow positions, I have efficiently managed available funds and mitigated financial risks associated with profit rates on borrowings and foreign exchange positions. My track record speaks to my ability to exceed financial targets and drive performance, with achievements such as surpassing targets by approximately 18%.
• In addition to financial oversight, I have been proactive in ensuring compliance with statutory requirements and guidelines, regularly updating policies and procedures to enhance control over treasury activities. Building and maintaining strong relationships with the investment community, credit rating agencies, and inter-bank counterparts has been integral to fostering trust and collaboration.
• I have also played a key role in budget preparation and performance monitoring, identifying areas for improvement and driving operational excellence.
• Facilitating ALCO meetings and reporting on decision implementation has been a core responsibility, demonstrating my ability to effectively communicate and execute strategic initiatives.
• I have also kept a keen eye on market developments, assessing their impact on our portfolio and identifying opportunities to strengthen our position in the industry.
• Furthermore, my negotiation skills have been instrumental in securing beneficial business deals and agreements with key financial institutions and banks, thereby enhancing Kenana Sugar Company's corporate banking business.
• Through rigorous financial analysis of monthly results, I provide valuable insights into performance trends and areas for improvement. By comparing historical data against budgets and forecasts, I conduct thorough variance analysis to identify root causes and implement corrective measures.
• Formulating growth strategies by mapping out plans for expansion and capital investments, supported by comprehensive three- to five-year financial forecasts.
• Meticulously examine and evaluate the performance of each department, identifying opportunities for optimization and resource allocation. Utilizing advanced financial modeling techniques, I develop and maintain detailed forecasts of the company's future operations, enabling informed decision-making at all levels.
• Collaborating closely with cross-functional teams, I proactively address issues impacting financial results and profitability, fostering a culture of accountability and continuous improvement.
• Adept at preparing comprehensive financial reports, synthesizing key data points into actionable insights for executive decision-making.
• Meticulously monitoring cash inflows and outflows, optimizing liquidity levels, and implementing strategic measures to mitigate financial risks.
• Establishing credit ceilings with banks to secure access to liquidity during periods of market volatility or liquidity squeeze. By proactively engaging with financial institutions, I ensure that the company has sufficient funds available to meet its operational and financial obligations.
• Oversee the timely processing of all supplier payments, liaising with banks to facilitate seamless execution of transactions and minimize payment delays.
• Managing foreign exchange (FX) funds to fulfill our international commitments, ensuring efficient currency management and hedging strategies.
• Regularly prepare comprehensive treasury reports to provide valuable insights and support management decision-making processes. These reports encompass a wide range of financial metrics and analysis, offering actionable recommendations to optimize financial performance and mitigate risks.
• Actively contribute to the month-end closing process, collaborating with cross-functional teams to ensure accurate and timely financial reporting. My attention to detail and commitment to excellence play a crucial role in maintaining the integrity of our financial data and supporting compliance with regulatory requirements.
• Overseeing the timely and accurate production and analysis of monthly liquidity measurements, liquidity transfer pricing charges, and structural cash positions.
• development of Liquidity and Funding Policy/Standards/Mandates and Contingency Funding Plans, as well as stress scenario descriptions and assumptions to enhance our risk management framework.
• controlling and distributing approved limits to ADIB units, both domestically and internationally, to ensure that transactions are undertaken within valid sanctions. I play a key role in resolving operational problems, disputes, and queries received from bank clients and internal units, ensuring prompt and effective resolution.
• provide strategic support by assisting with liquidity and funding enhancement projects and contributing to the development of daily cash flow monitoring systems. I actively participate in strategy recommendations for liquidity and funding risk management, balancing the bank's safety and soundness with the optimization of returns.
• actively involved in annual budget preparations, annual audits, and the presentation of ALCO meetings. Ensuring that decisions taken in these meetings are effectively implemented and contribute to the bank's overall risk management framework by preparing Risk Control Self-Assessment (RCSA) reports to mitigate risks.
• Engage in continuous study and research on the economic and political situations of various countries, providing valuable insights to inform our decision-making processes and strengthen our strategic positioning in the market.
• Leveraging my expertise and attention to detail, I meticulously prepare rates based on our bank's position, international rates, Central Bank of Sudan (CBOS) rates, and due commitments.
• Execute foreign currency (FCY) transactions to meet the commitments of our corporate customers, closely monitoring cash withdrawals in all currencies to ensure compliance with CBOS regulations and internal bank policies. This involves forecasting cash flow positions, borrowing needs, and available funds for investment, while also managing accounts held with correspondent banks, taking into consideration all trade finance transactions.
• Actively participate in the management of liquidity and funding risks, preparing ALCO packages and attending BRCC meetings to ensure the capture of all material risks within departments.
• Prepare daily, weekly, and monthly reports for CBOS and internal monitoring purposes, including reports on FX positions, correspondent accounts, and money market maturities.
• Managing Islamic certificates and Sukuk for liquidity purposes, as well as preparing credit approvals for local banks' money market limits. Additionally, I prepare Risk Control Self-Assessment (RCSA) reports to mitigate risks and assist in ensuring the bank's overall risk management framework is robust and effective.
Money Market:
• Meticulously prepare rates based on a comprehensive analysis of our bank's position, international rates, Central Bank of Sudan (CBOS) rates, and due commitments. This involves adeptly managing foreign currency (FCY) transactions to meet corporate, retail, and investment commitments while capitalizing on FX rate fluctuations to maximize profitability.
• Conduct thorough FX market surveys to ensure that our bank's rates remain competitive and aligned with market benchmarks. Furthermore, I oversee accounts held with correspondent banks, ensuring efficient management of trade finance transactions and adherence to regulatory requirements.
• Diligently monitor Kuwait Stock Exchange (KSE) prices for Sukuk on a daily basis, identifying liquidity deficits or surpluses through meticulous review of Bank of Sudan (BOS) accounts. This involves executing buy/sell transactions of Islamic certificates and Sukuk such as SHAHAMA, SARH, SHEHAB, and SHAMA to optimize liquidity management.
• Monitoring and managing equities, as well as overseeing Bank of Khartoum (BOK) funds such as IJARAH and ALFURAT. This includes distributing profits to shareholders and managing fund accounts with precision and integrity.