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Head Of Treasury

Shwe Bank
Recruiter active 3 hours ago The recruiter at this company was last active reviewing applications.
Myanmar - Yangon
Full Time
Verified This job has been verified by the company as a real job vacancy.
15 Apr 2021

Experience level

Manager

Job Function

Finance, Accounting

Min Education Level

Bachelor Degree

Job Description

Roles

  • Accountable for the smooth running and effectiveness of Treasury department as an integral part of the bank’s business.
  • Accountable for achieving budgeted targets.
  • Responsible for compliance with regulatory and internal regulations pertaining to Treasury Operations.
  • Propose quantum of FX and ALM limits based on budget and business needs.
  • Maintain liaison with ALCO and Board on business strategy, other urgent matters such as invoking contingency plans
  • Update Board and ALCO on prevailing market risks and market intelligence

Core Responsibilities

  • To manage the Bank’s total foreign exchange exposure and develop related trading strategies to generate profits within the agreed risk tolerance.
  • To handle Bank’s interest rate and liquidity risks related to all Banking products to ensure consistent revenue to the Bank.
  • To manage daily forex and interest rates quotations to support Corporate and Retail Banking business operations.
  • To increase market share with product innovation and competitive pricing
  • Manage Treasury Operation to ensure compliance with Bank’s policies.
  • Monitor and ensure all approved limits delegated to Treasury department are properly observed and complied with.
  • Monitor related Market Risks and escalate any urgent feedback to ALCO and also cascade to subordinates to prepare them for action
  • Ensure regulatory compliance pertaining to Treasury Operation.
  • Together with the Business Head, to achieve targets set for Treasury department and KPIs realized
  • Contribute to ALM strategies at ALCO meetings
  • Direct and sub-delegate Authority to the Chief Dealers and other Dealers as permitted
  • Input on business and trading strategy for FX and fixed income products with a view to enhancing profit margins
  • Mitigate interest rate and liquidity risks whenever necessary through hedging, to maintain an acceptable risk profile of the Bank
  • Review policies and strategies related to Treasury Operation and products to align and upgrade the Bank with market developments and international standards such as Basel Accord, International Accounting Standards (IAS)
  • Enhance revenue generation through innovation and acumen
  • Put in place, procedures to check on ethics and malpractice to prevent and to detect fraud and maintain surveillance on operational risks.
  • Constantly upgrading relevant trading and operational skills of subordinates via External or Internal training
  • Ensure use of technology and digital capabilities to enhance customer satisfaction, operations efficiency and internal control effectiveness

Open To

Male/Female

Job Requirements

  • Bachelor’s degree in any specialization (Accounting, Business Administration, or Finance preferred).
  • 5-8 years of progressive financial experience with a large corporation including managing a Treasury Function
  • Understanding and experience of treasury accounting including FX, liquidity, cashflow and various financial instruments.
  • Strong understanding of financial markets, financial instruments, accounting principles and debt instruments in a bank context
  • Technical experience in accounting standards, procedures and policies
  • Team player with the ability to communicate and coordinate with multiple parties

What We Can Offer

Benefits

- Ferry & Uniform
- OT Allowance

Highlights

- Fun Working Environment
- Make a difference
- Join an experience teams

Career Opportunities

- Training provided
- Learn new skill on the job
- Management potential

About Our Company

Shwe (Rural and Urban Development) Bank is a private bank in Myanmar, established in 2016. We are focused on delivering the best retail products and international financial services to our customers living in both rural and urban areas of Myanmar. We thrive to offer our customers with the best customer experience, to build strong relationships within the communities we serve and to help Myanmar prosper.

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