Investments Specialist - Capital Markets, Treasury, Investments
Islamic Development Bank
Total years of experience :40 years, 0 Months
1C) Investment Specialist Jan 1988 - Dec 2012
Investment Specialist / Financial Markets, Capital Markets, Treasury, Budget, Operation & Settlements
1.1 Capital Markets Division
• Involved in the Sukuk/Bond issuance right from the updating of the MTN program, coordinating inputs from various department, coordinating appointments of lawyers, lead managers, and assets preparation.
• Prepared and analysed data on financial markets rate projections for 10 years collateral assets backup for US$850 million international Sukuk, analysed data on collateral assets backup for private SGD 200 million private placements.
• Liaised with Deutsche Bank AG, London pertaining to Hedging, Law Debenture documentations, and signing of Agreement for Master & Sale Agency Agreement, Purchase Undertaking Deed (PUD) between IDB and Deutsche Bank.
• Analyzed data on: (a) Treasury Department five (5) years business plan projections such as; income, cost of borrowing, level of liquidity, (b) capital contributions over dues from the member-Countries.
• Liaised with HSBC pertaining to the signing of Purchase Undertaking agreements between IDB and HSBC.
• Response to query raised by rating agencies on capital, funding liquidity and Sukuk / Bonds
• Accessed from Reuters, Bloomberg and download data on Global economy. Analysed Stock, Forex, Bond Markets data
• Prepared Treasury Department annual financial budget 1431H / 1433H.
• Follow-up with the updates of Treasury’s web portal.
• Compiled and follow-up on currency and exchange rates movements in ID/SDR currencies.
• Prepared statistical report on status of the Sukuk and coupon payments scheduled.
• Coordinated and facilitated the documentations of new borrowings with internal and external parties.
• Monitored, analysed and maintained up to date market information and movements.
• Prepared, update and maintained records of transactions as required by Bank procedures.
• Assisted in the preparation of various documentations related to the Sukuk / Bonds issuance, sales / purchase and Treasury Department KPIs.
1.2 Investments Division
• Assisted in purchasing and selling Ijara (Leasing) Sukuk / Bonds and syndications transactions.
• Liaised with the Custodian \[Clearstream\] and CIMB Islamic Bank for settlements and safe custody of the Ijara (Leasing) Sukuk / Bonds.
• Attended to the disbursements request and payment for income receivables / dividends, redemption, Fees collection and distribution for IDB-group.
• Investigated all financials and funds management issue raised by internal and external parties.
• Attended to Financial analysis and investment proposals.
• Tracked of all matters that require follow-up action, and procuring operating/fixed assets for the Division.
• Assisted in the development, analyzing, improve and updating investment guidelines.
• Reviewed and technical edits on the development of operations manual for Treasury and its Divisions Investments, Processing & Settlements, Treasury Dealing Room and Capital Markets. Prepared periodical report to the Management on the overall investment positions, rate of return.
• Researched, established and built relationships with new banks / financial institutions to enhance cooperation and investment opportunities.
• Monitored the performance of investment portfolios, and follow-up with the counter parties’ banks.
1.3 Treasury Operations & Settlements Division
• Processed and developed Master Agency Agreements with banks and financial institutions, Fund Management Agreements, Operation Procedures (front and back offices), Policies, and Investment Guidelines. Liaised with the counter-parties banks and financial institutions. Coordinated with legal, risks management, asset management and IDB-groups pertaining to Murabaha / Reversed Murabaha Agreement, Wakala Agreement, Hedging, Investment Agreement, Syndication Agreement and valuation of external banks portfolios.
• Liaised with brokers for commodities procurements
• Attended to agreement with British Bankers Association for Libor-link with IDB server.
• Prepared mission reports and audit letters to the fund managers, banks and financial institutions.
• Assisted in the compilation, slides preparation and distribution of the Asset Management Committee (AMC), Board Executive Directors (BEDs) and other reports.
• Assisted in the preparation for yearly annual report of Treasury’s investments.
• Coordinated in the disbursement process of the Consultant fee (i.e. World Bank) and Brokers fees.
• Prepared swift messages, cleared swift messages (pre-verifier), reports, memos, letters, and reviewed minutes for the Division. Maintained files and tracked record on the inventory of the Division’s fixed-assets. Coordinating training for the Treasury staff member. Coordinating appointments with external visitors. Prepared confirmation and distribution letters of appointments for the visitors, and set-up appointment schedule. Arranged meeting room facilities for in-house presentations. Co-ordinated with Human Resource Management and Government Relations Dept.
• Treasury Management, Banks and Customer Relationships \[KYC, KPIs, budget, SWIFT, TRADE finance, consolidations, audit, liaised with internal and external auditors, LCs, cash and loan management, handling bank relations and compliance, reconciliations, banking facilities arrangements, projects insurance, bond and finance, syndications, mortgage, credit & risks management, collateral, operations & settlements, oversees activities within investment portfolios, cash management, commodity/ money market operations, FX, reports on financial markets, worked closely with the legal department, finance and accounting teams to ensure that financial goals are met. Performed systems and rates maintenance, maintained proper internal control and records for treasury products, prepared management and treasury returns. Gave accurate day to day settlement operational support to the rapid growth of Equity. Liaised with front office, overseas office, local brokers, clearing agents and clients in resolving settlement problems. Responsible for ensuring Operations Departmental procedures are up-to-date & all Operations staff is fully trained. Enhanced operational procedures/efficiencies/cost reduction. Ensure Operations Departmental procedures are routinely maintained and staffs are suitably trained. Liaised with internal departments/regional treasuries in identifying and monitoring foreign exchange and interest rate risks. Liaised with banks on trade confirmations and settlements, those responsibilities include managing currency exposures through various treasury products and reviewing/recommending investment strategies for the group\]. Cash and loan management, handling bank relations and compliance, managed foreign exchange and interest rate hedging.
•(1B) Reported to the Investments Strategic Adviser 30 MAY 95 - 12 DEC 97
• Assisted “Back Office Operations" and issued deals settlement procedures. Processed payments to banks and checked receipt from banks. Prepared deal vouchers for Deposits, Shariah placements and commodity transactions. Issued instructions for movements of funds and monitored counterparties bank accounts. Follow-up inward and outward confirmations checked and verified rates of return.
• Maintained files of the SDR and LIBOR exchange rates. Analyzed data of the SDR exchange rates into the treasury system. Maintained database Swift Codes and validating directory addresses of the correspondents’ banks. Analyzed data relating to currency management system (CMS) of IDB’s liquid asset on financial placements with Islamic Banks, commodity trading, Shari'ah placements, money market deposits and counterparty banks exposures. Assisted in the processing of deal tickets on the foreign exchange and placements (Shariah, Fixed, Islamic, IBP, EFS, ICD and ICIEC Deposits).
• Liaised with the Accounts Section of the IDB for verification of deposits. Reconciled banks’ open-end item statements, extracted daily, weekly, monthly, yearly reports on IDB's trade investments via computer-link with Saudi International Bank, London.
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(1A) Reported to the Project Director for the \[ 01JUL91 - 30 MAY 95 \]
Development of IDB HQ Project - Phase 1 (US$ 365.00 million)
Technical Assistant - Contracts, Finance and Properties Management
• In-charged portfolios and performances of the contractors and sub-contractors for the development
Bank HQ Projects / Management
• Assisted in the evaluation and financial analysis.
• Reviewed operations manual, policies and procedures, guidelines, publication, presentation, strategy and implementation documents. Participated in the weekly, monthly, quarterly progress meetings and technical writing. Edited on technical, commercial reports, correspondence related to architectural, mechanical, electrical, civil, contracts, time and cost control. Analyzed data on bill of quantities, invoices, contractors request for information, consultant submittals, transmittals engineer inspection and reports. Maintained database record on technical-drawings and developed project information. Attended to complaints, rectification, monitoring problems and hand-over.
• Brief Description of Work Performed: Contracts, logistics, and asset management (including formation, amendments, change orders, and claims) for the housing construction of the Saudi National Guard Housing for US$ 463 million. Attended to pre-qualified documents and reviewed tenders. Prepared and reviewed contracts, policies and procedures.
• Carried out financial analysis and credit assessment of the contractors and sub-contractors.
• Advised management on insurance, finance and assisted in negotiating awards. Responsible for support services, leases, government affairs, disbursements, L/Cs, purchases, logistics, inspection, evaluation of quotations, costing, scheduling, bids, field management and maintenance. Established data and record input requirements and schedules for incorporation to the procurement, design, construction, implementation and hand-over. Other task includes monitoring of engineering activities (electrical, mechanical, architectural and civil). Advised on current status, schedule, impact and problem solutions. Participated in the business, trade, presentation, strategy and implementation for committee meeting.
• Contract administration, variations, claims, payments, sub contract agreements. Preparation of sales reports & statistics.
● Real Estates Management \[leasing, sale residential /commercial properties, maintenance, renewal, handover, liquidation, managed risks, migration strategies and resolution of technical issues, preparation and presentations of marketing/leasing materials, researched and survey of properties location, reviewed leasing and rental agreements to source for suitable premises for business operations, conducted daily inspection at the properties, monitored and inspect all routine, repair, reinstatement and improvement works undertaken by the contractors performed financial and feasibility analysis, assisted in all phases of property investment activities (both acquisitions and disposals), performed actions relating to investment underwriting, due diligence, participated in tax and financial analysis, assisted with documentation and closing investment transactions, and performed research on investment opportunities\].
Program-wide document control and configuration systems at projected cost to US$87 million to automation of the maintenance and supply systems for the Royal Saudi Air Force. Handled routine correspondence, division budget and financial matters. Participated in the business and management meetings. Performed program and fiscal planning, established and updated program schedules and financial budgets. Maintained status displays of all program activities; organized catalogues, controls all program planning and performing data testing.
Established and maintained management information system. Data received, processed, and disseminated. Performed program and fiscal planning, established and updated program schedules and financial budgets. Maintained status displays of all program activities; organized catalogues, controls all program planning and performing data.
Chaired minutes of the document and control configuration boards, schedule management and program control meetings. Directed support services associated with qualified assurance, production and distribution of formal reports and displays, computer operations, software developments, reprographics, and report writing. Reviewed and provided inputs in the development of the “pert-charts”.
Participated in the sales and marketing of the company AUTOLOG systems. Performed test and validation of the software programmes. Developed advance document storage/retrieval system. Maintained control on incoming and outgoing coded documents and magnetic tapes.
Conducted management training for Litton Employees and the Royal Saudi Air Force Officers (RSAF) on AUTOLOG systems. Documented all of the software systems development. Organized and controlled technical library, monitored documents development, edited, printed, and expedited for the projects strategy, implementation and hand-over the technical documents.
Preparation of sales reports and statistics.
• Edited on general, miscellaneous correspondence, technical reports, bid and proposals, financial statements, minutes, memorandums and attended to contracts, tenders, bid and proposal, journals and newspapers clippings.
• Analysed project, financial analysis, custodian of the project portfolios, claims, variations, auditing, reconciliations, compiled reports, statistics, maintained filing systems, document control and configuration management. Participated in the technical, project and committee meetings.
• Responsible for finance, budgetary preparations, project assessments, banking, insurance, disbursements, LCs, portfolios, asset and fund management. Supervised support services staff on the company assets and facilities maintenance. Developed and recommended plans to resolve or avoid administrative and operational problems. Reviewed and evaluated the performance of the operational and administrative functions.
• Involved in the regional strategy, sales and marketing team. Supervised data gathering for project developments, handover and implementations. Prepared bid proposals, contracts or similar instruments. Responsible for bid selections, award and administered construction subcontracts.
• Identified computer system software' for corporate use. Developed and implemented dynamic retrieval system for the corporate source documents. Assisted in the performance evaluation of the operating system, software’s and application systems towards installations. Trained personnel in system usage.
• Responsible for Human Resource Management (recruitment, employment administration, administer compensation and benefits programmes, payroll, manpower planning, budgeting, in-house and external training development, employee engagement, staff performance and evaluation management system, compiled and analysed HR data, reviewed and edited HR policies and practices, medical, dental, health, insurance claims and facilities arrangements, resource planning and management, mobilization, outsourcing, orientation programs for newly hires, assessment and presentations, gave advice on employees related issues, involved in the company’s HR strategy and HR delivery model\],
b) REPORTING ANALYSIS (technical, projects, business, cost, finance, investments, market, sales, forecasting, budgeting, audit and capital expenditures)
(B) Commercial, Sales and Marketing Manager \[15 MAY 1979 - 15 FEB 1981\]
Responsible for business development, planning, implementation and management relationships with financial institutions. Participated in the Company’s investment portfolio. Prepared weekly business committee reports for the management as to the sales, market and investment strategy. Prepared monthly and quarterly reports on the developments of the Company’s liquid funds. Analysed and appraised project finance proposals, participate in the negotiations with clients’ and marketing of company's products and services.
Monitored credit risk profile and exposure reports of the banks, which managed the Company’s funds to maximize profits. Coordinated with the IT Department, set-up computerized systems and enable data retrieval on management information reports. Resource mobilisation and outsourcing. Participated in the Company’s strategy for fund placements,
Four months assigned in Riyadh, as Processing Systems Specialist. Promoted and transferred to Jeddah. Conducted management and technical training on Word Processing system application to personnel of U. S. Army Corps of Engineers and Pacific Architect & Engineers, Inc. Maintained up-to-date database information.
Prepared specifications, request for proposal, notice to proceed, contract documents, flow-chart organisation, presentations and other administrative duties. People Management \[ As Lecturer / Instructor /coach, guidance/ coordinator, train for in-house training to adult, internship, professionals, trainees - designed instructional materials, and build the country Sales and Operations team, coordinated with external vendors to customize learning initiatives, conducted train the-Trainer sessions, conducted regular evaluations of training programs and implement revisions, researched projects, involved in candidates admissions and orientation, liaised with partner universities and stakeholders, professional organizations to address the training needs, worked cclosely with the Executive Directors and Professional Development Committee to generate course that are targeted \] Prepared specifications, request for proposal, notice to proceed, contract documents, flow-chart organisation, presentations and other administrative duties. closely with the Executive Directors and Professional Development Committee to generate course that are targeted \]
a) PROGRAM DEVELOPMENT \[developed businesses and agreements in line with the agreed business plans and budgets, negotiate pricing\],
Brief Description of Job Performed
• Finance, Admin and Projects Management \[office admin, developed, review and update policies and guidelines in the areas of registry management, procurement and asset management, accounting, banking and finance. Handled project finance, insurance, bond investments and liquidity placements. Handled full spectrum of finance and management reports, prepared forecast and analysis, handled fixed assets and cash flow, banking facilities arrangements, control and monitor settlements, managed AR/ PR, liquidation, strategy, liaised with internal and external stakeholders, suppliers, auditors, insurance companies, government agencies, tax agent and corporate secretary, consultants & advisors, bankers,
Financial planning, developed effective financial and control procedures, assisted in the supervision of group’s compliance with local / and or international financial reporting standards, taxation, GST and other regulatory requirements. Identified financial and business risk areas and leading actions to mitigate these risks, drove effective cash flow management. Focus areas include: capital efficiency management (working capital minimization and control; capex financial control management; capital employed barometers and strategies. Ensured adequate insurance coverage and maximizing claim recovery. Ensured adequate legal review policies of all contracts are in place and functioning. Participated in negotiations and reviews of all key contracts before finalization. Ensured that all matters pertaining to any applicable taxation (i.e. Zakat; withholding taxes; etc) including planning, payment, legal matters / arbitration. Identified foreign exchange risks.
• Global Logistics \[planning and control\], Procurements, Inventory, Supply Chain and WAREHOUSE Management \[KPIs, delivery of short and long term plan schedule for business, resource, global suppliers’ performance, suppliers Agreement for direct materials, capital equipments, and indirect maintenance, repair parts and operating supplies (MRO), procurements -monitored and plan healthy inventory levels, analyzed competitive bids, select suppliers, negotiate for best purchase terms, conditions and quality, shipping, delivery, global logistics - create offers, reviewed and enhance sourcing strategies, quotes and work out logistical solutions, warranty service level, identify purchasing risks, import/export coordination and documentations, follow- up problematic issues, planning and buying material, liaised with customers for forecasting demand, proposed innovative logistics solutions, provide advice and counsel to ensure effective use of resources, improving clients’ profitability, asset utilization, quality and safety of daily operations, liaised with internal and external auditors\], Responsible for logistics, sourcing, estimating, costing, inventory control, evaluation and related material control systems. Invoicing, credit control, correspondence. Engaged in the purchased and resources mobilizations. Involved in expediting, materials and equipment inspection, and executed daily schedule. Implemented a complete purchasing and disbursement system. Involved in the bidding of international projects and participated in the formulation of business strategy, implementation, policies and procedures. Participated in the presentation, business development, finance and management committee meetings.
• Involved in the origination, negotiation, execution of transactions, monitoring, business plans, cash flow analysis, and insurance, and LCs, assets and funds management.
CERTIFICATE in Effective and Practical Operational Risk Management
CERTIFICATE in SAP FI-2100 Financial Overview SAP 1000 - SAP Navigation
CERTIFICATE in International Financial Reporting Standards
CERTIFICATE in Rating/Corporate Credit : Preparing for Bak Ratings
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CERTIFICATE in Collections and Documentary Credit SWIFT - London, February 1996 Basic Course of SWIFT system includng part of Basics, Systems Operations Payments and Cash Mnagement Forex Money Markets
CERTIFICATE in Asset Liability Management (ALM)
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CERTIFICATE in Trade Finance
CERTIFICATE in Sukuk as Sources of Financing Development Projects
CERTIFICATE in Advanced Financial Analysis
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CERTIFICATE In GLOBAL FIXED INCOME
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The programme convered the following subjects The UK Financial System The International Financial Environment UK and International Banking and Inestment Law Investment Risk Management and Insurance
CERTIFICATE in Equity Investment
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Obtained Scholarship award from Robert Gordon University for MBA studies. Graduated MBA 2 June 2000. Detais are as follows: Finance Economics Operations Markkets Human Resource Management Information Managent Strategic Management Information Management Internation Busioness Launching New Venture Thesis: An Analysis of Operations in Trade Finance
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Diploma in Administrative Management approach Approach to Office Administration BusinessCommunications Office Systems and Mechanisation People and Organisations
DIPLOMA Economics Structure of Commerce Principles of Management, Office Practice (Distinction) Marketing Salesmanship & Sales Management Typewriting (Distinction) Public Relations English for Commerce Business and Industrial Administration Commerce and Finance
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CERTIFICATE in COBOL PROGRAMMING