Saudi Middle Office Analyst

الرياض
دائم
دوام كامل

قبل 24 يوم

Job Description

Posted 18 hours ago

The bank has been conducting business in Saudi Arabia for several decades and is the only US-based Global Banking Institution to have a full, stand-alone commercial banking license in the Kingdom. We are a leading global financial services firm with assets of $2.0 trillion and operations in more than 100 countries. The firm provides a broad range of financial services customized to meet the needs of their clients, utilizing one of the most comprehensive global product platforms available.
The firm has demonstrated its leadership in the market throughout economic instability, taking a long-term approach to client solutions. The firm’s actions have always reflected a commitment to do the right for today and tomorrow. The middle office team consists of 4 team members. Team’s main responsibility is to support the treasury front office and various branch functions including transaction services, trade finance, and loans.
Job responsibilities

Produce and analyse daily Treasury Profit and Loss
Reconcile P&L to Ledger.
End to end control of Treasury products
Risk reporting – Interest rate and Foreign Exchange
Month end P&L close
Work closely with finance to substantiate and reconcile balance sheet
Reconcile Front Office to Back Office systems
Reconcile Trade Finance payables and receivables to the ledger and monitor aged items.
Control Trader’s deals at initiation in the system
Capture trade into daily trade blotter
Maintain reference data eg, portfolio, trader, counterparty, instrument setup, settlement instructions
Provide accurate position forecasts to front office traders for EUR, GBP, USD and a range of GCC currencies
Track and communicate major changes in positions to Front and Back office
Manage flow control on SARIE clearing system
Reconcile predictions to actual balances on a daily basis.
Commodity Murabaha processing on behalf of Saudi and international locations
Prepare weekly and monthly metrics
Review Broker & Third Party billing charges
Represent Saudi Middle Office in local and regional projects
Ensure all processes adhere to JP Morgan control standards

Required qualifications, capabilities, and skills

Product knowledge: An understanding of banking products including Repo/Reverse Repo, Fixed Income, Money Markets, Demand Deposits, FX and Interest Rate swaps
Microsoft office knowledge required: MS Excel experience is a must
Banking accounting knowledge required
Finance background preferred.
Ability to review and challenge efficiency of existing processes
Strong interpersonal and communication skills: Ability to work with people from different teams and geographical locations.
Strong analytical and quantitative skills
Self-motivated and committed
Ability to work under tight deadlines
Fluent in English & Arabic

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