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GB1678 - Senior Officer-Settlements

Business Unit: Support Groups
Division: Operations
Department: Treasury Operations
Contract Type: Full Time
Area/Branches: Sharq
Closing Date: 21-Apr-2016

About Gulf Bank

Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 55 branches strategically positioned in key locations across Kuwait.

The main groups of the Bank are Consumer Banking, Corporate Banking, International Banking and Treasury.

Job Purpose:

To assist the Treasury Operations Manager/Asst. Manager in the assigned treasury operations duties.


Transaction Processing:

  • Prepare and update payments / receipt messages, debit / credit entries.

  • Prepare and Upload FX and FD Rates. Periodic update of GI, Corporate One, Call Account Rates.

  • Compile and update adequate documentation of medium term subordinated loans, maturities, amortized profits, CBK receipts, forward revaluation rates, markets spot rates etc

Treasury operations:  

  • Check and update foreign exchange deal tickets and Money Market deal tickets.

  • Prepare and post settlement of treasury bills, bonds, foreign exchange, option deals, interest rates swap, floating rate notes and managed funds.

Document Control:  

  • Ensure all documents related various correspondences are filled (hard and soft copy) and archived.


  • Prepare periodic reports as assigned and forward to GM Treasury and Market Risk.

Corporate Governance:

  • Follow all relevant operational procedures and instructions so that work is carried out in a controlled and consistent manner.

  • Confirm to risk policies and procedures to minimize the error ratios and customer frauds.

  • Comply to Basel II framework for all banking operations Comply to Anti – Money laundering policies and ensure they are up-to-date on all existing and new updates.

Education, Knowledge, Experience and Skills:

Education / Qualifications:

  • Bachelors in Commerce/Banking/Accountancy or Equivalent degree/diploma.


  • Good understanding of accounting entries.

  • General idea of Treasury products.


  • Above 6years of Banking experience

Generic & Specific Skills:

  • Proficient in English language
  • Knowledge of Accounting entries
  • Understanding of Treasury keys
  • Computer literacy (MS Office)

Note: you will be required to attach the following:
1. Resume / CV

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