Financial Operations Manager

7 days ago


Karachi, Sindh, Pakistan beBeeSettlements Full time

Job Title: Senior Manager Money Market Settlements

Job Description:

Overview

The Senior Manager Money Market Settlements will oversee daily operations within the Treasury Back Office, ensuring compliance with regulatory guidelines and industry best practices. This role involves authorizing deals, collaborating with departmental strategy, and maintaining up-to-date policies and procedures.

Responsibilities:

  • Manage overall PRISM operations, including TMS/X, ensuring connectivity with external systems and coordinating with IT teams for necessary updates.
  • Update balance and RTGS inflows/outflows in treasury blotter and share with front office stakeholders.
  • Verify funds transfer instructions received from front office are processed promptly and funds are credited according to agreed terms.
  • Analyze market-based TROPS-related developments and assess feasibility of implementing them at the bank.
  • Liaise directly with regulators to address concerns related to operational risk exposure and IT department functions.
  • Manage all operational data for respective risk entities and report it to ORMU monthly for assessment.
  • Conduct Risk & Control Self-Assessment (RCSA) and Key Risk Indicator (KRI) exercises according to bank procedures.
  • Continuously monitor and report operational risk exposure, losses, near-miss events, and KRI breaches to ORMU.
  • Supervise daily RTGS position shared by front office and other stakeholders.
  • Support department heads in preparing processes, control process manuals, SOPs, and KPIs.
  • Prepare and submit all necessary reports on time.
  • Reconcile treasury settlements and account daily to ensure accuracy and completeness.
  • Establish and supervise PRISM unit, ensuring daily blotter preparation and reconciliation with front office and circulation to stakeholders.
  • Ensure all processes have audit trail for investigations and internal/external audits, and proactively assess and mitigate risks.
Required Skills and Qualifications
  • Bachelor's or Master's Degree in Finance, Economics, or Commerce / MBA Finance / ACCA / CFA.
  • At least 7-10 years of experience in Treasury department of a Bank/FI.
Key Performance Indicators (KPIs)
  • Number of Regulatory Compliance Breaches and Audit Observations: Target = 0.
  • Timely Resolution of Regulatory Concerns: 100% resolved within required timelines.
  • System Uptime: Target ≥ 99.5%.
  • Percentage of Transactions Executed Within Agreed Timelines: Target ≥ 99%.
  • RTGS Inflows/Outflows Settlement Timeliness: Target ≥ 98% executed on the same business day.
  • Completion of RCSA, KRI Exercises, and Timely Reporting of Incidents: 100% within deadlines.


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