Title: Sr Financial Analyst
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Job Purpose
Banking operation Division is responsible for the administration company’s payment and payment monitoring processes as well as maintaining the company’s banking accounts and agreements. The division also oversees number of company banks related programs and facilitates retail banking services in SAO campuses.
Treasury is seeking a Treasury professional to join our banking operations team. The ideal candidate will possess a strong background in Treasury banking operations and services, with strong a focus on systems, and a deep understanding of Treasury transformation, compliance and regulatory frameworks of the Saudi Arabian & international markets.
Responsibilities
- Oversee daily banking operations, day-to-day payments processing including deposits, fund transfers, reconciliation to ensure accuracy and efficiency.
- Ensure compliance with local and international standards including Anti-Money laundering (AML) and Know your customers (KYC) requirements.
- Evaluate and drive continuous improvement of payment processes with respect to Treasury digital transforming (Cash Pooling, Global Treasury, aggerated payments processing).
- Maintain strong relationship with banking partners to streamline processes, resolve issues and negotiate favorable terms.
- Identify and mitigate operational risks associated with banking activities, including fraud prevention and cybersecurity measures.
- Prepare reports on Treasury operations, performance and key-metrics to support strategic decision-making.
- Maintain banking master database for all bank accounts under the group.
- Support internal departments and group with new products development and implementations, and general Treasury/banking services inquiries
- Develop, review and negotiate Bank Account opening with financial institutions for the group.Develop and review banking agreements in addition to ISDA master agreements, SLAs, MA-CUG and others.
Education & Experience Requirements
- Education: Master degree in Finance, Accounting, Business Administration.
- Professional certifications (CFA, CPA and CTP)
- Proficiency in Finance and treasury software and systems, with strong understanding of SAP and SWIFT messaging standards and electronic banking platforms.
- 12-15 years’ Treasury experience back-end corporate treasury operations.
- Understanding of Oil & Gas sector – a focus on Treasury operations is preferable.
- Understanding of Shariah Compliant Business Banking.
- Understanding of digital transformation in banking and corporate Treasury.
- Ability to coach staff in developing analytical skills and managing project delivery.Advanced proficiency in excel and excellent presentation skills
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.