Head of FX & Money Market Ops_Treasury Operations
Dubai Islamic Bank
Total years of experience :22 years, 11 Months
• Overseeing the work of the treasury and investment back office functions to ensure that work is managed effectively in line with bank policies and procedures, maintain an efficient and timely processing and supervision over all aspect related to treasury & investment operations
• Managing the department’s accounting software, including validation of entries related to treasury and investment activities, and work with the financial control department to ensure that those activities are properly booked
• Developed and implemented processes to ensure key controls are in place for deal verification, deal settlement, and matching of trade confirmations across FX and Money Market transactions
• Handling complete operational functionalities in the management of trading portfolios of local and global equities and Sukuk
• Liaising with IT/Vendor support for automation, system implementation and enhancements Setting up and launching of new products
• Designed reports in order to provide FCD with information for various Central Bank reports/returns
• Maintaining and updating treasury and investment operation policies
• Managing Islamic Syndication transactions and Islamic finance assets and liabilities
• Overseeing the work of the investment and treasury back office functions to ensure that work is managed effectively in line with bank policies and procedures, maintain an efficient and timely processing and supervision over all aspect related to treasury & investment operations
• Managing the department’s accounting software, including validation of entries related to treasury and investment activities, and work with the financial control department to ensure that those activities are properly booked
• Maintaining and updating treasury and investment operation policies
• Overseeing transactions across FX, MM, Sukuk, Portfolios, and Syndicate deals.
• Managing Islamic Syndication transactions and Islamic finance assets and liabilities
• Setting up and launching of new Mutual Funds
• Coordinating with IT regarding system modules/requirement for new products and funds
• Preparing financial statements, liaise with both internal and external auditors
• Liaising with IT/Vendor support for automation, system implementation and enhancements
• Managing the trading portfolio of local and global equities and Sukuk
• Resolving operational issues
Achievements
• Handled the Department with no single operational loss.
• Implemented Core Banking Solution Project, Temenos T24, as Team leader for Investment Banking and Treasury. Actively participated in vendor selection process, prepared Business Requirement Definition/Functional Specification Documents, Gap Analysis, Testing and Migration.
• Starting from scratch, I prepared the Standard Operating Procedure (SOP) for the Investment & Treasury Operations Department.
• In 2008, I automated areas in investment banking which were not covered before in the Banking System (Equation) specifically for Mutual Funds that replaced the manual process related to revaluation of Funds and updating the NAV per unit.
• In 2014, I assigned the task of setting the Treasury Middle Office of the bank. The responsibilities include setting of: Department Functions, required manpower, roles and job descriptions, system profiles.
• Received appreciation letter for outstanding performance for all years from 2007 to 2014
• In 2008 when I was Officer in Investment Operations, I acted in a higher role in Treasury Operations by replacing the Senior Officer and handled both areas.
• Empowered to sign on behalf of the bank (A category)
• Ensuring timely and accurate processing and settlement of transactions across Mutual Funds and Portfolios
• Preparing (NAV) Statement and calculation of the NAVPS
• Handling the trading portfolio of local and global equities and Sukuk
• Revaluation of shares and funds
• Calculating and distributing periodic dividends for closed-end Funds
• Executing trades-Licensed Securities Trader (Khartoum Stock Exchange)
• Participating in management of daily relationships with outside vendors (e.g. transfer agents, fund accountants, custodians, consultants). Resolve department’s operational issues and trouble shoot
Achievements
• I was selected by management to be one of five staff to receive special training under Young Leaders Program
• Developed Reinvestment Strategy in 2004 which led to an increase in income from marketing of Government Certificates by approximately 90%