Unit Head Money Market

Raqami Islamic Digital Bank; Karachi Division; On-site; PKR 5,000,000 - 9,000,000; Full time

Job summary

Raqami Islamic Digital Bank in Karachi is seeking an experienced Unit Head for Money Market to lead the Treasury & Alternate Investments function. You will oversee Shariah-compliant money market, fixed income and Sukuk portfolios, ensuring liquidity management and strategic treasury initiatives.

The ideal candidate has 10–12 years of treasury experience, with mandatory Islamic treasury expertise and CFA/FRM/AAOIFI preferred. Strong ALM, risk management and regulatory knowledge are essential.

Qualifications

• Minimum 10–12 years of treasury experience, including money market, fixed income and ALM.
• Mandatory experience in Islamic Treasury and Shariah-compliant instruments.
• FX dealing experience is a plus.

Responsibilities

• Lead money market, fixed income and Sukuk portfolios within Shariah-compliant structures.
• Assess liquidity positions and determine placement and borrowing requirements.
• Execute money market transactions per approved treasury products.
• Coordinate treasury positions with Chief Treasury & Alternate Investments.
• Ensure all transactions stay within risk parameters and SBP limits.
• Support ALCO presentations and management reporting.
• Maintain ALCO records and minutes.
• Liaise with Shariah Compliance to ensure Islamic governance compliance.
• Adhere to treasury policies and Shariah governance requirements.

Skills

Islamic Treasury Management

Money Market & Fixed Income Management

Sukuk Portfolio Management

Asset Liability Management (ALM)

Liquidity Management

Treasury Risk Management

SBP Regulatory Framework

Shariah Governance & Compliance

Treasury Reporting & ALCO Present

Education

Master's degree in Finance, Economics, or related discipline

CFA/FRM/AAOIFI or equivalent certifications

Job description

Job Title: Unit Head - Money Market

Department: Treasury & Alternate Investments

Job Overview

We are seeking an experienced treasury professional to lead our Money Market function. The role will be responsible for managing Shariah-compliant money market, fixed income, and Sukuk portfolios, ensuring effective liquidity management, optimizing treasury placements and borrowings, and supporting strategic treasury initiatives. The successful candidate will play a key role in maintaining regulatory compliance, managing treasury risks, and contributing to the Bank's overall treasury strategy.

Key Responsibilities

• Manage and monitor money market, fixed income, and Sukuk portfolios within approved Shariah-compliant structures.
• Assess daily liquidity positions, cash inflows, and outflows to determine placement and borrowing requirements.
• Execute money market transactions in accordance with approved treasury products and Shariah-approved structures.
• Manage and square treasury positions in coordination with the Chief Treasury & Alternate Investments.
• Ensure all treasury transactions remain within approved risk parameters and regulatory limits.
• Support treasury strategy formulation, ALCO presentations, and management reporting.
• Monitor and elevate treasury discrepancies and ensure timely resolution.
• Maintain ALCO records and meeting minutes.
• Liaise with Shariah Compliance to ensure treasury activities remain fully compliant with Islamic banking principles.
• Ensure adherence to treasury policies, SBP regulations, and Shariah governance requirements.

Experience Required

• Minimum 10-12 years of relevant treasury experience, including hands-on management of money market, fixed income, and Asset Liability Management (ALM) functions.
• Mandatory experience in Islamic Treasury, including Shariah-compliant money market and fixed income instruments.
• Experience in FX dealing and foreign exchange position management will be considered an added advantage.

Educational Background Required

• Master's degree in Finance, Economics, or a related discipline.
• Professional certifications such as CFA, FRM, AAOIFI, or equivalent will be preferred.

Skills & Competencies

• Islamic Treasury Management
• Money Market & Fixed Income Management
• Sukuk Portfolio Management
• Asset Liability Management (ALM)
• Liquidity Management
• Treasury Risk Management
• SBP Regulatory Framework
• Shariah Governance & Compliance
• Treasury Reporting & ALCO Presentations

Raqami is committed to building a diverse, equitable, and inclusive workplace. We welcome applications from qualified candidates of all backgrounds and are dedicated to providing equal employment opportunities for all.

Last date to apply: September 25, 2026