Operations Manager

Role Purpose

The Operations Manager is responsible for overseeing daily treasury operations, managing Olayan Financing Company (OFC) funding processes, and maintaining banking relationships. The role involves balancing daily responsibilities with project work, ensuring operational efficiency, regulatory compliance, and financial risk management.

Job Accountabilities & Activities

Operations:
•    Act as an interface between Treasury, Finance, Accounting, Administration, and group companies.
•    Manage treasury personnel, including supervision of daily activities and performance tracking.
•    Set departmental and individual staff goals and objectives.
•    Develop training and job rotation schedules.
•    Provide backup support for all treasury functions.
•    Develop and manage treasury-related policies, including money transfers, borrowing, hedging, and intercompany transactions.
•    Standardize back-office and front-office processes across internal functions.
•    Ensure appropriate management of bank account documentation and related administrative matters.

Systems & Automation:
•    Manage system access for operations staff and ensure compliance with access rights.
•    Coordinate system changes and requirements with external vendors.
•    Lead treasury IT strategy, including integrated treasury management systems and bank interfaces.
•    Supervise implementation of treasury management systems and automation projects

Office Operations
•    Ensure segregation of duties and maintain treasury control mechanisms.
•    Update bank delegations and treasury dealings.
•    Prepare and review monthly and ad-hoc reports.
•    Supervise treasury transactions, ensuring best execution for currency funding and cash reinvestment.
•    Approve daily cash movement transactions and related documentation.
•    Oversee settlement and payment transactions.
•    Administer cash pooling, sweeps, and standing instructions.
•    Support deal rollovers and confirm deal accuracy and documentation.

Risk Management:
•    Monitor and manage the company’s foreign exchange (FX) and interest rate exposures.
•    Execute FX contracts, swaps, and options.
•    Analyze local and global money and FX markets.
•    Ensure effective supervision of intercompany payments and settlements.
•    Review funding-related accounting and month-end processing.
•    Manage funding requests and ensure optimal cash flow management.
 

Education & Certifications

• Bachelor’s degree Accounting, or Finance.
• MBA or postgraduate qualification preferred.

Required Years of Experience

7+ years of experience in a treasury role, with a strong background in foreign exchange and money markets.