Regional Treasury Manager in Dubayy [Dubai], United Arab Emirates

at Siemens

Electrical/Electronic Manufacturing
Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
5 - 7 years
Employment Type
Full Time
Male or Female

Job Description

  • Bundle, manage and control treasury activities of all cluster entities on cluster level according to the framework set by the Regional Treasurer for Middle East
  • Manage pro-actively all aspects of Treasury for the Siemens Regional Companies
  • Manage and control financial risks, liquidity position and funding requirements
  • Control appropriate administration of financial transactions.
  • Ensure process execution according to standardized treasury processes
  • Organize and deliver trainings on treasury-related topics for operative businesses
  • Advise operating businesses on compliance with financial guidelines
  • Remediate and escalate non-compliance behavior with internal guidelines with the respective Treasury organization
  • Act as country relationship manager for one or several highly complex countries 


Relevant Information:

  • Entities in Region MEA with responsibility for 16 countries, thereof 14 highly complex countries, 13 regulated countries, 2 embargo countries
  • Currency Risk under management:
  • Currency Risk: MEA: >1 billion EUR; Capital Markets Risk: EUR p.a.; >1 billion. EUR
  • Financial contracts dealt with SFS and external banks/ financial institutions:
  • FX > 10,000 deals
  • MM > 500 deals                                       
  • Direct dealing with banking partners in the region via Bloomberg Terminal and Reuters
  • Implementation and Development of IT Tools, incl. TMS, Liquidity planning tools, SAP Treasury etc.

Treasury Functional Management

  • Responsibility for Treasury FX processes
  • Strategic alignment with the Cluster Treasurer
  • Enforce and continuously develop Treasury activities within the Cluster/entities  
  • Work out strategy to set-up and develop treasury activities within the Cluster/Sectors/entities
  • Communicate and report to Cluster Treasurer, Cluster Head of Financing and Cluster CFO
  • Create and update respective treasury guidelines on cluster/country/entity level
  • FX/IR: Definition of operational hedging strategy for Cluster Treasury
  • Regular check/update of risk limit policies on cluster, country and entity level with Cluster Treasurer approval
  • Managing financial covenants
  • Process and IT management
  • Risk and Internal Control management


Strategy, execution and monitoring of treasury processes and Cluster entity treasury risks 

  • Controlling overall risk position (FX)
  • Performing cash flow forecast and respective controlling
  • Performing risk aggregation per entity
  • Execution of Foreign Exchange- and Money Market transaction on behalf of the cluster companies with SFS TRE/ banks
  • Manage long term and short term funding requirements
  • Manage relationships with financial institutions
  • Evaluate alternative borrowing strategies
  • Administration of Siemens-internal payment infrastructure and authorizations
  • Monitoring of risks and limits for FX risks
  • Monitor and ensure compliance within treasury function
  • Performing detecting controls "Compliance Framework"
  • Support of exception management concerning treasury-related circulars


IT Platform Development and Integration 

  • Lead the development of IT Platforms to standardize processes and complex workflows
  • Liaise with Technical Experts, IT consultants external and in-house for integration
  • Follow internal and regulatory requirements (SoA, local bank regulation, IFRS) in the development of tools


Reporting and Controlling 

  • Planning, Budgeting and controlling process for Treasury units
  • Generating treasury reporting for treasury management
  • Coordinate M&A/Divestment activities and support of affected entities



  • 5 years of experience in treasury in a large corporation or bank mandatory
  • Controlling experience desirable
  • Multinational company experience necessary
  • Min. 3 years experience with international bank
  • English is the language of communication, thus German and Arabic skills are desirable but not a must
  • Proven Track record in Treasury Risk Management
  • Extensive knowledge of risk management tools, techniques and products (including derivatives)
  • Proficient knowledge of treasury risks, hedging strategies and products
  • Proficient knowledge of payment methods and products
  • Proficient knowledge of financing methods and products
  • Proficient in the use of treasury related systems
  • Management experience in leading a team
  • Experience in leading an inter-cultural team necessary
  • Expert knowledge of financial instruments and trading
  • Proven ability to work with a variety of different cultures
  • International mobility mandatory; Job requires potentially travel to Libya, Egypt, Syria, Jordan, Lebanon, Iraq, Iran, Saudi-Arabia, Kuwait, Bahrain, Oman, Qatar, UAE, Yemen, Afghanistan and Pakistan
  • Job is based in Siemens Middle East Headquarters in Abu Dhabi


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