Head of Treasury

MAIN RESPONSIBILITIES

. Co-ordinates the activities of the department and ensures that the department operates efficiently and in accordance with the bank's policies and rules and regulations established by the Monetary Authority of Singapore (MAS)

. Verifies all deals made by Dealers and Chief Dealer which flows through Opics system. If the deal is made by Head of Treasury, the Settlement Section (as an independent party) has to verify the deals.

. Monitors the interest rates of currency positions of the branch and takes necessary action to reduce the branch's exposure when necessary to the following risks:

. liquidity exposure

. maturity mismatching

. currencies exposure

. Executes foreign exchange, money market, securities and other paper deals

. Executes derivative transactions (i.e. Swaps, FRA's, Option, etc.)

. Supervise maintenance of the daily records for Money Market deals, the cashflow worksheets (for all currencies) and position sheets

. Supervise maintenance of the daily inter-bank money market interest rates and the daily foreign currencies spot rate

. Supervise compliance with open weekend positions arising from non-bank customers FX trades

. Review the late deals register to detect breaches in overnight limits