Head of Treasury

Tharwah; Saudi Arabia; On-site; SAR 300,000 - 400,000; Full time

Job summary

An established industry player is seeking a Head of Treasury/Dealer to lead daily treasury operations and manage foreign exchange transactions. This pivotal role involves executing spot and forward exchange transactions, ensuring compliance with risk controls, and supporting strategic bond investments. The ideal candidate will have a strong background in FX trading and liquidity management, with at least 3 years of relevant experience. Join a dynamic team in a thriving financial services environment and make a significant impact on treasury operations while contributing to the company's historic listing in the Saudi Parallel Market.

Qualifications

• Minimum 3 years experience in a Treasury Department focusing on FX trading.
• Bachelor's or master's degree in finance or related discipline.

Responsibilities

• Oversee daily treasury operations and manage foreign exchange transactions.
• Compile and send daily market analysis reports to the branch team.
• Monitor and control clearing account balances to ensure compliance.

Skills

FX Trading

Market Analysis

Clearing Account Management

Bond Investment

Regulatory Compliance

Risk Indicators (PVBP, LCR)

Treasury Systems

Interbank Lending

Policy Adherence

Financial Reporting

Education

Bachelor’s or Master’s degree in Finance

Economics

Business Administration

Tools

Treasury Systems

Job description

Tharwah is a leading Saudi advisory company with four well-established business lines: Consultancy, Training and Development, Assessment, and Pro HR Service. We've proudly served hundreds of clients in both the government and private sectors, achieving thousands of successful transactions.

In August 2024, we will make history as the first Saudi advisory company to be listed in the Saudi Parallel Market (نمو) with 15% of our shares going public.

Job Main Purpose:

One of Tharwah's clients in Riyadh need is hiring a Head of Treasury / Dealer to oversee daily treasury operations, manage foreign exchange transactions, maintain clearing account balances, and support bond investment strategies. The role also ensures compliance with internal risk controls and regulatory liquidity indicators.

Job Duties & Responsibilities:

Operational & Managerial Responsibilities:

• Maintain and distribute daily foreign exchange rates across internal systems.
• Compile and send daily market analysis reports to the branch team.
• Execute spot, forward, and swap exchange transactions for customers and input deals into the treasury system.
• Coordinate with the back office to ensure proper settlement and documentation.
• Monitor and control clearing account balances to avoid overdrafts and ensure end-of-day compliance.
• Conduct money market borrowing and lending activities within authorized credit lines from the Head Office.
• Support liquidity ratio requirements through strategic bond investments.
• Track and control foreign exchange exposure, PVBP indicators, and other risk limits to stay within authorized thresholds.
• Perform other treasury-related duties as assigned by management.

Authorization Scope:

Business Authorization:

Dealers are permitted to conduct transactions authorized by the Head Office, similar to the permissions granted to the Dubai branch. Unauthorized expansion of business types, transaction sizes, or currencies is strictly prohibited.

System Authorization:

Dealers are users of the treasury system and are limited to initiating, modifying, and deleting transactions. Administrator rights are not permitted.

Risk Limit Authorization:

Risk quotas are assigned by the Global Market Department. Dealers must operate strictly within these pre-approved limits and risk control indicators.

External Communication and Internal Communication:

External:

• Interbank Counterparties
• External Auditors and Regulatory Bodies (as applicable)
• Treasury Market Participants

Internal:

• Head of Treasury and Senior Branch Leadership
• Risk Management, Compliance, and Finance Departments
• Back Office Teams and IT Support
• Internal Audit and Control Units

Required Qualifications & Experience

Education:

• Bachelor’s or master’s degree in finance, Economics, Business Administration, or a related discipline.

Experience:

• Minimum of 3 years of relevant experience within a Treasury Department, with a strong focus on FX trading, liquidity management, and risk oversight.

Preferred Language Skills:

• Mandarin is considered a plus for internal communication with the Head Office.

Industry:

Banking & Financial Services / Treasury & Capital Markets.

Employment Type:

Full-time

Job Functions:

Treasury Operations | Foreign Exchange | Liquidity Management | Bond Investment | Risk Monitoring.

Skills:

FX Trading · Market Analysis · Clearing Account Management · Bond Investment · Regulatory Compliance · Risk Indicators (PVBP, LCR) · Treasury Systems · Interbank Lending · Policy Adherence · Financial Reporting