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Skills: Treasury operations, Banking coordination, Trade confirmations, Settlements, KYC compliance
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Jeddah, Makkah Region, Saudi Arabia • On-site
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The role involves managing treasury and banking operations, including bank account administration, trade confirmation processing, and payment monitoring. The officer is also responsible for preparing operational reports and coordinating with local and international counterparties to resolve transaction-related queries.
Candidates must hold a bachelor's degree in Finance, Banking, or a related field and possess at least three years of relevant professional experience. Proficiency in Microsoft Office and strong technical writing and analytical skills are required for this position.
OVERVIEW
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Complex: |
Finance & CFO |
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Department: |
Treasury |
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Country: |
Saudi Arabia |
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Location: |
Jeddah HQ |
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Closing Date: |
7-Sep-2026 |
JOB PURPOSE
The role is responsible for supporting the effective execution of treasury and banking operations, including bank account administration, trade confirmation processing, counterparty coordination, payment monitoring, and the preparation of accurate and timely operational reports.
KEY ACCOUNTABILITIES
1. Bank Account and Relationship Management
• Maintain and update IsDB account-related KYC requirements, terms and conditions, and account management documentation.
• Support the opening, closure, and periodic review of IsDB bank accounts, including the annual assessment of inactive accounts.
• Liaise with local and international correspondent banks on operational enquiries, account services, and banking support matters.
• Follow up with local banks on account-related, payment-related, and service-related matters to ensure timely resolution.
2. Trade Confirmation and Settlement Support
• Ensure trade confirmations are processed, validated, followed up, and archived accurately and within the required timelines.
• Monitor back-valuation cases and prepare weekly status updates for management review.
• Track confirmation-related BRPs and coordinate with relevant stakeholders to resolve outstanding items.
• Provide dealers with missing commodity, counterparty, and transaction details to support timely trade processing.
3. Payment and Treasury Operations
• Follow up with local banks on pending payments, operational requirements, and related settlement matters.
• Review and validate overnight sweep transactions.
• Maintain accurate and updated Nostro account information to support treasury operations and payment processing.
• Communicate SSI updates to the SWIFT unit and relevant counterparties in a timely and controlled manner.
4. Agreement and Counterparty Coordination
• Review new agreements and coordinate with counterparties on the exchange, confirmation, and maintenance of SSIs.
• Engage with local and international counterparties to resolve operational, documentation, and transaction-related queries.
• Ensure counterparty information, settlement instructions, and supporting documentation are complete, accurate, and up to date.
5. Reporting and Administrative Support
• Prepare memos, ad hoc reports, and weekly operational reports as required by management.
• Distribute the weekly maturity report and ensure proper archiving following supervisory review and processing.
• Compile weekly team meeting discussion points and circulate them to the relevant stakeholders.
• Prepare and issue daily end-of-day reports while maintaining accurate records and supporting documentation.
ACADEMIC AND PROFESSIONAL QUALIFICATION
Education
• A minimum of a bachelor’s degree in Finance, Banking, Business Administration or other relevant field.
Professional Experience
• Minimum three years of relevant experience in Finance, Banking or any related field.
Technical Competencies
• Familiar with treasury operations, including payments, bank accounts, trade confirmations, and settlements.
• Strong in banking coordination and follow-up with local and international correspondent banks.
• Good analytical and reporting skills, with attention to accuracy and operational details.
• Proficient in Microsoft Office, particularly Excel, Word, Outlook, and PowerPoint.
• Strong technical writing, reporting, and documentation skills.
Language Requirements
• Excellent written and spoken English.
• Arabic or French is an added advantage.
ABOUT APPLICATION PROCESS
If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):
• Resume/CV
• Copy of passport
• Academic certificate
The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.
The Islamic Development Bank (#IsDB) Group is an MDB that promotes comprehensive, development in 57 Member Countries
The Islamic Development Bank (IsDB) Group is a global multilateral financial development institution established in 1975 to foster economic growth and inspire social progress among its 57 member countries and Muslim communities worldwide. Originality and Solidarity for Intergenerational Prosperity Headquartered in Jeddah, Saudi Arabia, The Group consists of five entities: Islamic Development Bank (IsDB), Islamic Development Bank Institute (IsDBI), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Islamic Corporation for the Development of the Private Sector (ICD), International Islamic Trade Finance Corporation (ITFC) and has decentralized Regional Hubs in Asia and Latin America; Europe and Central Asia; the Middle East and North African; Sub-Saharan Africa and a Centre of Excellence in Malaysia, with a mission to promote comprehensive human development based on the principles of Islamic finance. IsDB maintains its pristine 'AAA' credit rating across all major credit rating agencies, affirming its unwavering financial strength since 2007. The Group believes: 1. Everyone has the right to live with dignity and aspire to prosperity, and nurturing economic growth is the best route out of poverty. 2. Equip people to drive their own economic and social progress at scale, putting the infrastructure in place to enable them to fulfil their potential. 3. Building collaborative partnerships between communities and nations and working towards the UN Sustainable Development Goals. 4. Foster innovative, ethical and sustainable solutions to the world's development challenges.
Offices: 8111 King Khalid St. AI Nuzlah AI Yamania Dist., Unit No. 1, Jeddah, Jeddah 22332-2444 8111, SA
The Islamic Development Bank (#IsDB) Group is an MDB that promotes comprehensive, development in 57 Member Countries
The Islamic Development Bank (IsDB) Group is a global multilateral financial development institution established in 1975 to foster economic growth and inspire social progress among its 57 member countries and Muslim communities worldwide. Originality and Solidarity for Intergenerational Prosperity Headquartered in Jeddah, Saudi Arabia, The Group consists of five entities: Islamic Development Bank (IsDB), Islamic Development Bank Institute (IsDBI), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Islamic Corporation for the Development of the Private Sector (ICD), International Islamic Trade Finance Corporation (ITFC) and has decentralized Regional Hubs in Asia and Latin America; Europe and Central Asia; the Middle East and North African; Sub-Saharan Africa and a Centre of Excellence in Malaysia, with a mission to promote comprehensive human development based on the principles of Islamic finance. IsDB maintains its pristine 'AAA' credit rating across all major credit rating agencies, affirming its unwavering financial strength since 2007. The Group believes: 1. Everyone has the right to live with dignity and aspire to prosperity, and nurturing economic growth is the best route out of poverty. 2. Equip people to drive their own economic and social progress at scale, putting the infrastructure in place to enable them to fulfil their potential. 3. Building collaborative partnerships between communities and nations and working towards the UN Sustainable Development Goals. 4. Foster innovative, ethical and sustainable solutions to the world's development challenges.
Offices: 8111 King Khalid St. AI Nuzlah AI Yamania Dist., Unit No. 1, Jeddah, Jeddah 22332-2444 8111, SA
