Senior Officer - Treasury Back Office

Company Description

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

Job Description

About the role

As a Senior Officer – Treasury Back Office, you will report to the Treasury Operations Manager and collaborate closely with cross-functional teams including Front Office, Risk, Compliance, Finance, and Technology to ensure seamless execution of treasury operations. This role is pivotal in managing the post-trade lifecycle of complex financial instruments, ensuring accuracy, compliance, and operational efficiency.

What You’ll Be Doing:

• Trade Processing & Confirmation
• Execute and validate derivatives trades including Interest Rate Swaps, Options, Futures, TARF, and Commodity Derivatives.
• Confirm trades with counterparties and clients, ensuring timely and accurate communication.
• Resolve trade discrepancies in coordination with Front Office and counterparties.
• Settlement & Reconciliation
• Oversee settlement processes for derivatives transactions, ensuring timely and accurate completion.
• Reconcile positions and balances against internal GL and external systems (e.g., FIS).
• Investigate and resolve reconciliation breaks efficiently.
• Risk & Compliance Management
• Ensure strict adherence to regulatory requirements and internal policies.
• Monitor operational risks and implement controls to mitigate errors.
• Support audits and regulatory reporting related to the derivatives desk.
• Process Improvement & Projects
• Drive process enhancements to improve accuracy and efficiency.
• Participate in automation initiatives, UAT, and system upgrades.
• Maintain process documentation and support training of junior staff.

Qualifications

What We’re Looking For:

• Education: Bachelor’s degree in Finance, Accounting, Economics, or a related field. ACI Operations Certification is an added advantage.

• Experience: Minimum 5 years of hands-on experience in Treasury Operations, with a strong focus on derivatives processing.

• Industry Exposure: Experience in banking, financial services, or corporate treasury environments with exposure to derivative instruments and regulatory frameworks.

Additional Information

What’s In It For You:

• Competitive, performance-linked compensation.
• Medical coverage for you and your family.
• Comprehensive life insurance.
• Inclusive and diverse workplace culture.
• Career development and fast-track growth opportunities.
• Mentorship from industry experts.

Skills:

• Customer Focus: Committed to delivering accurate and timely service aligned with “Mission Zero” standards.
• Analytical Thinking: Advanced Excel skills and strong problem-solving capabilities.
• Project Management: Proven ability to lead and contribute to process improvement initiatives.
• Data Analysis: Ability to interpret performance metrics and identify trends.
• Learning & Development: Passion for continuous learning and professional growth.