IDB2266 - Swift Associate

Business Unit: Finance Complex
Division: Not Applicable
Department: Treasury Department
Contract type: Regular Staff
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 14-Mar-2019
Role Purpose:   Provide administrative support for the Swift system administration & other Treasury applications. Administer the test key authentication functions, maintain signatures list, and maintain access links/online banking systems with correspondent banks for IDB Group.
Key Accountabilities: Swift Messaging
  • Coordinate with the counter party institutions for establishing business relationship for the exchange of SWIFT Messages as per the applicable guidelines and procedures
  • Analyze NACK’D Swift messages and provide guidance to amend messages formats as per the SWIFT policies and procedures
  • Coordinate Anti-Money Laundering (AML) issues related to the Treasury Department with the concerned Compliance Officer
  • Identify further developments needed for SWIFT and related functions and analyze possible alternatives.
  • Conduct preliminary investigations for any Swift blocked messages related to Treasury Department and report suspected issues to Compliance for further investigation/guidance.
  • Notify concerned payment/treasury officers regarding blockage of messages and necessary actions required.
  • Maintain confidentiality of all information seen and heard within the boundaries of the role and disseminate as required.
  • Ensure appropriate routing of all inward & outward Swift Messages to the concerned. 
Swift Administration & Coordination
  • Update authorization limits for different level of authorizers against each currency as per the approved limits by the delegation of authority
  • Issue Test Key numbers for message authentication and verify incoming test numbers
  • Maintain Swift user  privileges under the Treasury Department, investigate user problems, and provide all necessary administration support
  • Coordinate Swift system invoices and all related processes of verifications and settlements.
  • Creation of new Relationship Management Application (RMA) with other Banks.
  • Managing existing RMA’s  with other Banks
  • Manage SWIFT system interfaces with all Back Office systems
  • Provide the required reports to show the status of all swift messages as part of the daily end of day reporting.
Policies and Procedures
  • Contribute to process improvement by identifying more efficient ways of executing work
  • Comply with the policies and procedures in the operational work of the division

Back Office System Administration:

  • Online banking systems Management (such as system users , matching profiles, process , forms & filling , communication with correspondent banks,,,etc)
  • Back Office systems user access administration.
  • Business process enhancements and fixes.
  • Managing Back Office system reporting (Designing & implementation).
  • Manage, follow up and process Treasury systems service provider’s invoices and its related matters.
  • Assist senior staff in implementing Swift Controls.
Job Requirements:

Academic qualifications

  • Bachelor’s degree in Finance, Business Administration or Information Technology related field is required

• English (mandatory) 
• Arabic (preferred)
• French (preferred)

Minimum number of years and nature of experience

  • 3-5 years’ experience in finance and Information Technology
  • Experience in swift system administration and operation
  • Experience in back office applications & operations.

Job specific competencies

  • Adaptability
  • Building Relationships
  • Client Centricity and Responsiveness
  • Motivation to Learn and Share
  • Passion for Excellence
  • Analytical Thinking
  • Communication Effectiveness
  • Drive for Results
  • Knowledge, Learning and Communication
  • Problem Solving
  • Stakeholder Management / Client Orientation
  • Strategic Planning
  • Teamwork
  • Bank Knowledge
  • Financial Management
  • Treasury System Knowledge
  • System Management

Jeddah, Saudi Arabia Headquarter

Travel Requirements:

As required.

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