Vice President Assets and Liabilities Management (ALM), Treasury & Investments (UAE National)

Full time at Emirates Development Bank (EDB) in UAE

Posted on February 3, 2025

Job details

Job Purpose: To review and analyze the functions and investments in the bank to meet business requirements and regulatory requirements. The incumbent is responsible for carrying out treasury activities in coordination with financial management personnel and prepares treasury reports accurately and in a timely manner to ensure the accuracy of real-time trading centers, profits and losses, and to restrict reporting to improve risk and profitability control. Key Roles and Responsibilities: Strategic Responsibilities

Contribute to the formulation of the department's strategy and strategic goals based on the direction of the Treasury Section; oversee the implementation and performance of the strategy and periodically report on its performance to the Chief Treasury & Investments Officer to ensure alignment to corporate strategy.
Contribute to the development of the department's strategic and operational budgets based on the planned expenditures of the Treasury Section; monitor the performance of the section's budget(s) and report to the Chief Treasury & Investments Officer on a periodic basis to ensure alignment to corporate strategy.
Oversee the preparation of periodic financial, regulatory and ad hoc reports to ensure accuracy and timeliness of the aforementioned.
Assist in developing and maintaining Treasury policies and procedures which comply with leading practices and laws and regulations to ensure that policies and procedures are applied consistently throughout EDB.
Support the Chief Treasury & Investments Officer in identifying and networking with strategic partners which can contribute to the achievement of EDB's Treasury function to further the EDB organization.

Operational Responsibilities

Ensure that funds within treasury do not remain idle without investment, but instead, are made available for short- and medium-term investments to generate additional interest income.
Analyze the cash flows of the bank, update daily transaction entries for the bank and suggest ways in order to prevent money from remaining idle in order to ensure that strategic investments being are pursued.
Develop relationships with large financial institutions at the local and international level and assess the reliability of banks, brokerage firms, and other unknown foreign parties.
Monitor all cash flows to ensure that they match with issued, analyze bank cash levels, and update from confidential to protect commercially sensitive information.
Prepare liquidity, profitability, and other financial ratios of the bank with the concerned departments in order to determine the financial stability of the bank.
Prepare the bank's asset/liability profile and foreign currency exposures to ensure all related parties are aware of the risks EDB currently faces.
Calculate the availability of sufficient liquidity to meet the day-to-day obligations of the Bank and ensure that funds are available to settle internal obligations at any time by maintaining sufficient cash and liquid assets as a reserve to prevent the occurrence of large losses.
Evaluate trading centers and verify those in the administration to ensure timely and objective reassessment of outstanding positions.
Work with treasury bidders to recommend funds to bank accounts as and when needed, in order to prepare the actual trading of these accounts.
Determine the conversion of fixed rate obligations into floating rate obligations and vice versa, in accordance with the instructions received and which are based on prevailing market conditions.
Follow-up and report on issues related to the trading of foreign exchange and the centers of investment funds in order to protect them from the negative trading of foreign currencies (if any) and lack of liquidity.
Prepare and organize documents and reports as needed, and ensure that all treasury activities are carried out in coordination with treasury bidders.
Maintain reports on profitability and returns generated from transactions or investments in accordance with regulatory requirements to ensure adherence to rules and regulations.
Prepare all necessary data and reports for the Department of Finance & Treasury and other EDB employees in order to prepare the Bank's financial statements and, if necessary, provide assistance.
Ensure adherence to relevant bank policies/procedures in carrying out day-to-day activities to assure compliance with the rules and regulations across EDB.
Coordinate with treasury employees regarding real-time trading and profit and loss balances to ensure consistency and efficiency.
Follow up on border violations and to ensure access to appropriate funds, consistent with the structure of the bank's authority.
Ensure high standards of confidentiality in order to protect commercially sensitive information.

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Hiring company

Emirates Development Bank (EDB)

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Vice President Assets and Liabilities Management (ALM), Treasury & Investments (UAE National)

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Home UAE Vice President Assets and Liabilities Management (ALM), Treasury & Investments (UAE National)

Home UAE Vice President Assets and Liabilities Management (ALM), Treasury & Investments (UAE National)

Vice President Assets and Liabilities Management (ALM), Treasury & Investments (UAE National)

Job details

Apply safely

Hiring company

Emirates Development Bank (EDB)

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