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The Arab Petroleum Investments Corporation (APICORP) is a multilateral development financial institution established in 1975 by an international treaty between the ten Arab oil exporting countries. It aims to support and foster the development of the Arab world’s energy sector and petroleum industries. APICORP makes equity investments and provides project finance, trade finance, advisory and research. APICORP is rated ‘Aa2’ with stable outlook by Moody’s and ‘AA’ with a stable outlook by Fitch. APICORP’s headquarters is in Dammam, Kingdom of Saudi Arabia.
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Available Jobs
Manager - Credit Risk
Riyadh
JOB PURPOSE Assist the Head of Credit Risk in managing the Credit and Investment risk desk at APICORP by identifying, analyzing, measuring & reporting based on approved policies & procedures. Analyzing the proposed both Corporate Banking and Investments proposals, tracking credit risk limits and key risk indicators and managing analytical models & tools associated with credit risk. Perform middle office controls for the Treasury business portfolio. DUTIES & RESPONSIBILITIES § Carrying out a detailed credit analysis of the Credit and Investment proposals, including financial modelling, analysis, projections, valuations and industry & peer analysis. § Monitoring financial markets and news for information that would impact the value of credits and investments (private equity and listed). § Assist with the monitoring and reporting of credit exposure/risk in line with internal policies and risk appetite - escalation of breaches as appropriate. § Ensure the effective administration of the credit portfolio and monitoring of credit limits. § Monitor market indicators to ensure complete awareness of market conditions and trends and identify any alert/caution areas in APICORP’s Corporate Banking and Investment portfolio. § Maintaining good stakeholder engagement with key partners around the organization, particularly Corporate Banking, Investments and Portfolio Management, to facilitate the smooth process of the credit approval process. § Support the Head of Credit reviews to minimize risk. § Supporting the continued evolution of reporting and analytics, aligning with emerging trends or changes in portfolio and strategy. § Identifying opportunities to automate or enhance existing reporting and analytics. § Overall management of credit portfolio, completing credit risk review memos, assessing risk-return investment and preparation of executive committee minutes.
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28-Apr-2024
Senior Officer – Corporate Banking and Investments Operations
Riyadh
Job Purpose: - Contribute to the processing of Corporate Banking and investments transactions including Syndicated loans to ensure a smooth and timely execution based on the relevant operating policies, procedures and processes. - Support the management of relationships with banks and custodians. - Contribute, in coordination with the Corporate Banking and Investments Departments, cash management activities by managing cash, call, current and other accounts, including periodic reconciliation. - Ensure that periodic reports are accurate and of high quality. Key Accountabilities Operational & Strategic Planning - Participate in the development and implementation of actionable objectives, planning processes, budgets and operational KPIs for the sub-unit. - Contribute to the sub-unit’s on-going transactions and quality of its output and services, identify and initiate proposals/actions for further improvements and innovations. - Contribute to the Information Technology (e.g., T24) enhancements as they relate to Corporate Banking and investments Operations. - Ensure that the services of the Corporate Banking and investments Operations meet the expectations of internal and external stakeholders. - Contribute to innovation and the institutionalization of new initiatives in the Department. - Succession Planning: Act as a Backup of Corporate Banking and Investments Operations Manager during his absence. - To handle any other assignments given by the Head of Department. - Prepare various Corporate Banking and Investments Operations related MIS reports and statistics. Management of Cash Position - Contribute to short-term cash management activities including forex requirements. - Contribute to the formulation of bank account positions/statements on a regular basis and oversee the funds movements. - Develop future cash movement plans and ensure availability of necessary liquidity required. - Ensure timely coordination with both Treasury and Capital Markets and Treasury Operations for liquidity requirements and expected repayments. - Administer all the liquidity deals processed on daily basis. - Ensure efficient and error free processing of all payments with strict compliance to policies and procedures. - Execute all transactions and ensure necessary procedures are in place and complied with to minimize operational risks. - Perform daily Nostro reconciliation for related accounts and follow up on outstanding items. Disbursement Management - Execute the processing of all payments ensuring correctness and completeness of documentation for effecting payments accurately and on time. - Review the financial terms and conditions of financing arrangements (debt and equity) as communicated in the FCN for both bilateral and syndicated loans. - Ensure the accurateness and completeness of records relating to Corporate Banking and Investments Operations, including authorized signatories for disbursement. - Ensure collaboration with the various business units and borrowers/equity partners/fund administrators in the resolution of disbursement related issues. - Participate in complex negotiations with regards to Corporate Banking and Investments Operations and advise the relevant internal and external stakeholders on financial implications of various implementation and repayment scenarios in coordination with Head of Corporate Banking and Investments - Manage the issuance of account statements as well as contribute to project/equity reconciliation. - Administer follow up activities on outstanding items and ensure necessary steps are taken in case of delay/failure of any sort. - Contribute overall systems and procedures for payments through establishing and enhancing the payment channels. - Contribute to Swift Administration & Coordination activities in coordination with Treasury Operations Department as well as serve as a back-up. - Contribute the system development & enhancements for Corporate Banking (for both bilateral and s yndicated loans) and Investments operations activities. Policies and Procedures - Contribute formulation of policies and procedures for APICORP on Corporate Banking and Investments transaction processing, cash flow management and liquidity management. - Review existing policies and procedures in order to ensure it is up to date and recommend changes to benchmark them with international practices and standards. - Ensure strict compliance of policies and procedures with Corporate Banking and Investments transactional activities. - Periodically review the internal control mechanisms and corporate governance guidelines and recommend improvements. Reporting and Communications - Oversee generation of reports that relate to Corporate Banking and Investments Operations, including all deal processing and settlement activities. - Maintain productive and effective working relationship within APICORP and with external banks/partners. - Provide information to internal and external auditors of the Corporation. - Ensure daily review of End of Day reports. - Responsible of appropriate filling and records keeping for the Corporate Banking and Investments Operations .
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28-Apr-2024
Manager: Strategy and Business Development
Riyadh
JOB PURPOSE The Manager: Strategy and Business Development supports the Chief of Staff (CoS) with all activities related to the following: 1. Development, refinement, and implementation of strategy. 2. Strategic Business Development. 3. Special projects. 4. Project management and coordination. DUTIES & RESPONSIBILITIES The Manager: Strategy and Business Development (MSBD) supports and assists the Chief of Staff (CoS) with a broad range of activities related to the effective management of the CEO – office, with a primary focus on the following duties and responsibilities: 1. Development, refinement, and implementation of strategy: a. The development (as and when required) of an appropriate scope of work and Requests for Proposals (RfP’s) for the potential engagement of strategy and/ or other professional consultants/ advisors. b. Assessment of proposals received from strategy and/ or other professional consultants/ advisors. c. Negotiations with- and the engagement of- strategy and/ or other professional consultants/ advisors. d. Effective process management of the overall engagement with the strategy and/ or other professional consultants/ advisors including internal coordination with relevant key stakeholders, effective data collection and appropriate information distribution. e. Market and operating environment analysis – as may be required, including the analysis of peers/ competitors/ comparable organisations and appropriate benchmarking exercises. f. Preparation of professional presentations and/ or proposals to facilitate the approval of strategy or similar initiatives and plans. g. Managing the implementation of strategy - through effective coordination and monitoring of strategy implementation initiatives and related tasks, projects and milestones. h. Providing guidance on strategy implementation to strategy initiative owners and seeking guidance from the CoS and/ or the CEO where appropriate and required. i. Monitoring the effectiveness of the new strategy (including a comparison of actual results versus expected results and analysis of the operating and competitive environment) and recommending refinements and/ or changes in strategy. j. Preparation of appropriate recommendations and coordination of the required approvals for strategy refinements and/ or changes. k. Preparation of appropriate reports on the progress of strategy implementation. l. Coordination with all relevant stakeholders to ensure that strategy is effectively implemented and/ or adjusted. 2. Strategic Business Development: Assist the CoS (and the CEO &/ CIO &/ CBO where required) with strategic business development initiatives, including the following activities: a. Desktop research for strategic business development – leading to the proactive identification of strategic new business development targets and/ or opportunities. b. Conceptual strategic consideration of opportunities beyond what is contemplated in the current strategy – including an initial assessment of attractiveness, feasibility, and appropriateness/ relevance. c. Recommendation of inclusion in the strategy of any opportunities not already identified in the currently approved strategy. d. Devising and executing appropriate new business development plans and activities to contact and engage with identified targets - where appropriate in conjunction/ consultation with the appropriate BU heads (to avoid unnecessary/embarrassing duplication of effort etc.). e. Engaging targets in strategic business development discussions – to explore areas of mutual interest. f. Initial assessment and screening of opportunities – considering the attractiveness of opportunities and the fit of opportunities with our strategy and business. g. Appropriate business development activities to implement opportunities and/ or develop the opportunity to a “bankability” level. h. Appropriate handover to the appropriate BU – provided the required level of business development maturity has been reached. 3. Special projects: Generally assisting the CoS and/ or the CEO with the planning, design, management, monitoring, or execution of any special projects – whether related to strategy, business development and/ or the general affairs of the organisation. 4. Project management and coordination: Generally assisting the CoS and/ or the CEO with project management and coordination related to strategy and business development and/ or the general affairs of the organisation. 5. General: Given the inherent nature and sensitivities associated with the primary role of the job (in terms of strategy and business development) and the general close proximity of the position to the CoS and the CEO, it is inevitable that the MSBD will be aware of and dealing with highly sensitive and confidential information. It is, therefore, expected that the MSBD will be able to maintain strict confidentiality on highly confidential information and able to exercise sound and wise judgment in terms of the appropriate sharing of (relevant components) any sensitive information. The MSBD should exercise due care in terms of using information only for the intended purpose – and should not be using information indiscriminately/ inappropriately. This includes not weaponizing and/ or hoarding information and/ or being unwilling to share information that may reasonably be required for the effective operations of the organisation. Similarly, the responsibilities related to business development needs to be executed to add strategic value to the organisation and should be complimentary to (and not in competition with) the business development activities of the BU’s.
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28-Apr-2024
Content and Digital Media Lead
Riyadh
Full time
The role of the Content and Digital Media Lead is to design, manage and lead an integrated content strategy in line with the corporate communications strategy of APICORP. He/she should be able to design the content, write, edit, and publish be-spoke content for a variety of channels, both internal and external, both digital and offline. The candidate should possess good knowledge of campaign-based approach and is able to craft messages that support the objectives of the business. He/She will also manage all the digital channels including but not limited to website, social media, microsites, and other channels, and must be able to work in collaboration within the various members of the communications team, and across the internal company stakeholders matrix. Principle Responsibilities Strategic Planning · Work closely with the Director of Communications and Sustainability to build a be-spoke content and digital planning to meet specific and measurable KPIs based on business needs. · Ability to proactively contribute new ideas to enhance the communications operations across the value chain Content Development · Proven experience in writing compelling stories that reflect the brand and business values and communicate across multiple channels. · Excellent writing skills in English and Arabic is a must. · Ability to edit content against a tight deadline. · Ability to understand various writing styles for various channels, digital and offline. · Ability to generate content that is found in online searches and incorporates SEO best practices and guidelines. Digital, Website and SEO Strategy · Ability to manage and update the SEO strategy based on input form the web hosting agency, full technical understanding of SEO is not required. · Ability to update the website, when required, using CMS platforms, mainly WordPress.
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17-Apr-2024
VP of Funding and Liquidity
Riyadh
Full time
Job Responsibilities: § Undertake an active role to fully support and coordinate with the Director – T&CM (Head of Funding & Liquidity) and other Senior staff of the Department in the collective efforts to maintain and further increase and diversify credit limits of APICORP from various Banks, Corporates & Financial Institutions. § Maintain an active role in managing and controlling Treasury activities (including Multi-Currency Money Markets and Foreign Exchange), in particular those relating to Cash Management, Funding & Placements and Islamic Finance. § Ensure accurate and timely processing, recording and settlement of Money Markets, foreign exchange & Islamic transactions for Head Office (ie. money markets deals and Islamic Morabaha deals) in the Globus system. § Maintain regular reports on cash positions, interest rates and foreign exchange movements. § Extend assistance to Director, Treasury & Capital Markets to increase Money Markets limits of Head Office & Bahrain Banking branch in connection with establishment of new business relationships within the GCC region. Also, maintain a database of Money Markets contacts. § Effective Management of Funding Books, ensuring Balance Sheet funding requirements are adequately met at all times, at the minimum Funding cost possible and within the Guidelines approved by Management & the Board. § Efficient Management of Balance Sheet related market risks, within the approved Guidelines. § Active role in the Interest Rate and Foreign Exchange Exposures with main responsibility for the management, in accordance with current strategies as dictated by the Treasurer and/or Director Treasury & Capital Markets and in compliance with the limits & procedures as defined in the Treasury Manual Limits. § Monitor existing facilities to ensure they continue to meet corporate needs; § Manage Treasury activities; including Multi-Currency Money Markets, Foreign Exchange, Interest Rates & Currency Derivatives, in particular those relating to liquidity management, funding & placements and Islamic finance. § Formulate and maintain cash flow forecasts, and monitor APICORP’s existing banking facilities, both conventional and Islamic. § Maximize Arbitrage opportunities by obtaining the most efficient funding of APICORP’s operations. § Review regularly the Asset & Liability revaluation/FX position report to benefit from FX market fluctuations. § Execute arbitrage transactions to generate cheaper interest rate from one book to another in order to benefit the Money Market funding activities and requirements. § Maintain active and strong relationship with Government & Financial Institutions & Central Banks including all existing & potential counterparties. Also, extend assistance whenever required for bank onboarding / KYC requirements, bank limits update, etc. § Formulate and maintain cash flow forecasts, and monitor APICORP’s existing banking facilities, both conventional and Islamic. Marketing Responsibilities: § To have a main role in formulating and implementing Treasury Marketing Plan, to ensure maintaining and further developing a diversified funding/ counterparty base. § Promote and formulate Treasury’s marketing activities with regional/ international banks and financial institutions; both conventional and Islamic, to diversify APICORP’s funding base. § Maintaining, increasing and/or obtaining new facilities, including the establishment of new Interest Rate Swap counterparties both in Europe and the Middle East; and to develop existing and new Commodity Broker relationships, for APICORP Bahrain and Saudi Arabia. This will involve regular marketing trips to Middle East either by oneself or in conjunction with other marketing personnel. § Promote and formulate Treasury’s marketing activities with regional / international banks and financial institutions; both conventional and Islamic, to diversify APICORP’s funding base. § Develop and maintain new contacts and relationships with Banks and Islamic institutions and Commodity Brokers, in the Conventional and Islamic banking community, as well as to enhance existing relationships. § Pay regular visits to existing banking and Islamic relationships to broaden the business relationships and intensify the marketing effort to continue promoting APICORP as Multi-Lateral Development Bank. Risk Management Responsibilities: § Review annually APICORP’s List of Approved Banks and obtain the necessary supporting documentation in order to recommend to the Head of T&CM for any additions, deletions, increases, and reductions deemed appropriate to APICORP’s treasury function. And to introduce a documented database for collating and recording the financial records, and where available external credit ratings of institutions, to assist in providing a greater statistical analysis when recommending facilities. § Regular follow-up, review, and analysis of the credit limits/facilities status of various relationship banks and financial institutions with timely recommendation aiming to enhance APICORP’s reciprocal activity regarding Money Markets & Foreign Exchange. Administrative Responsibilities: § Coordinate effectively with concerned Departments of APICORP to develop and maintain various Money Markets & Foreign Exchange and risk management status reports. § Ensure full compliance with the existing APICORP Rules and guidelines and also comply with the existing Treasury Manual. Director –Treasury & Capital Markets
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17-Apr-2024
Market Risk Officer
Riyadh
JOB PURPOSE Plays a vital role in protecting the organization from potential market-related losses, ensuring compliance with regulatory standards, and actively monitoring & reporting risk limits to maintain a sound risk management framework. This role demands an understanding of financial markets and analytical skills that help in safeguarding the organization's financial health. DUTIES & RESPONSIBILITIES § Conduct quantitative and qualitative assessments of market risk factors, including interest rate risk, foreign exchange risk, equity risk, and commodity risk. § Monitor market risk exposures to ensure they remain within established risk limits and take prompt action in cases of limit breaches. § Monitor daily treasury group activity and report movements at the portfolio level. § Generate market risk position reports to maintain effective oversight on market risk exposure. § Keep oversight on traders dealing limits and review their end-of-day activity report/deal summary report. § Perform stress tests and scenario analyses to assess how extreme market conditions could affect the organization's financial position. § Analyze historical market data and perform statistical modeling to forecast potential market movements and assess their impact on the company's portfolio. § Collaborate with trading desks and other relevant departments in implementing strategies to mitigate market risk. § Stay updated on market developments, economic indicators, and industry trends that could impact the organization's risk exposure. § Effectively communicate market risk findings and strategies to various stakeholders, including senior management, traders, and compliance officers. § Analyze the balance sheet to ensure all market risks are identified and understood § Coordinate with different (internal) departments to ensure automation and enhancement on market risk reporting, their accuracy, and timeliness, and ensure these systems remain up-to-date. § Develop Market risk reports for Risk Committee.
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17-Apr-2024
VP-Investment desk
Riyadh
Full time
1. Maintain a high quality Fixed Income Mandate, Managed Funds/Equities Portfolio within the parameters approved by the Board which is contingent on market conditions and approval of new investments by Management & medium term liquidity conditions of the Corporation. 2. Undertake an active role in formulating and implementing the Department’s investment strategy and contributing to the overall investment and asset allocation process in conjunction with the Managing Director, T&CM. 3. Manage efficiently Corporation’s portfolio of Fixed Income Mandate, Managed Funds and Equities to maximize returns for the Corporation with defined volatility parameters. 4. Coordinate the due diligence process of potential new funds’ investments, which entails sourcing, screening and evaluating funds/hedge funds. 5. Direct portfolio changes to achieve targeted returns and desired performance by developing strategies for investment, divestment, and efficient portfolio construction. 6. Plan and execute investments for increasing bottom-line profits for the Corporation as mandated in a portfolio of well-diversified Funds, Equities and investment vehicles. 7. Maintain an active and strong relationship with External Managers, Research Analysts and Fund Managers. 8. Maintain a strategic asset-allocation model and develop entry/exit strategies for invested funds/equities based on strategic and short-term factors. 9. Assist actively the Managing Director, Treasury & Capital Markets in driving, and developing a credible Medium Term Investment Strategy for Managed Funds & Equities taking into account the market cycles, return and risk profile for individual asset classes in various geographies and investment strategies. 10. Develop and implement a comprehensive investment plan, which encompasses and reflects the tactical views in driving the investment objectives. 11. Make periodic reports to reflect up-to-date views on present and future market conditions. 12. Interact with a wide range of Fund Managers/Senior management/Traders to further the relationships and to grasp insights into their trading tactics, technical concepts and risk management procedures. 13. Understand market conditions, individual risk drivers and current issues and their implications on the Corporation’s P&L - bring to the attention of Head of Treasury & Capital Markets on a timely basis for appropriate corrective measures. 14. Make judgments on market risks, manager specific risks and operational due diligence. 15. Establish and maintain strong relationship with Investment & Hedge Fund Managers, regional/international brokerages, investment banks, and financial institutions covering various traditional and alternative investment markets. 16. Expand APICORP’s contacts with the outside financial world & intermediaries in the Investment community for identifying new avenues for possible investment opportunities. 17. Conduct thorough due diligence to assess qualitative and quantitative aspects of a Fund Manager by Interviews, Conference calls and visits (where applicable). 18. Support the Managing Director, Treasury & Capital Markets on reports for presentation to management and Board; 19. Ensure compliance with Managing Director, Treasury & Capital Markets on administrative procedures of the Corporation.
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