Operations Manager

Job Title : Operations Manager Job Purpose : To lead, manage and control the delivery of all operational services including but not limited to remittance, foreign exchange (FX), treasury and wholesale activities across the company’s branch network and back‑office units. The Operations Manager is directly accountable for branch productivity, sales and revenue target achievement, operational efficiency, cash and treasury management, regulatory compliance and service quality standards.

Key Responsibilities

Oversee day‑to‑day operational activities across all branches and back‑office units including customer service, wholesale treasury and dealing operations, ensuring timely, accurate and efficient service delivery.

Define and enforce branch‑level targets for remittance volumes, FX transactions, revenue generation and productivity; monitor performance against these targets and implement corrective actions as needed.

Set monthly and quarterly sales and transaction targets for each branch and operational team in alignment with company goals.

Closely monitor branch and staff performance, ensuring achievement of individual and collective targets through ongoing tracking, feedback and performance coaching.

Supervise treasury and dealing room activities including procurement of foreign currencies, rate setting and margin monitoring.

Ensure sufficient currency availability across branches and allocate foreign currencies according to operational needs; oversee both local and international currency procurement to meet business requirements.

Manage foreign currency rate maintenance, including system updates, application of special rates and adjustments in response to market fluctuations; execute bulk purchases / sales and negotiate favorable foreign exchange deals with correspondent banks to fund company accounts profitably.

Oversee and execute foreign exchange transactions to ensure effective margin control by comparing average buying rates against average transaction rates for each currency.

Support the Finance Department by managing and executing FX deals to replenish company accounts held with correspondent banks at the most cost‑effective rates.

Ensure adequate insurance coverage and oversee all requirements related to the secure transportation and collection of cash across various locations.

Lead branch productivity initiatives through improved resource utilization, queue management, service optimization and front‑line staff performance.

Work closely with the HR Department to recruit, train and evaluate operational staff, ensuring alignment with service excellence, compliance and business targets.

Enforce strict controls over cash handling, vault security, operational risk mitigation and adherence to internal policies across all branches.

Implement and maintain SOPs, internal control mechanisms and audit compliance tools across operational areas.

Liaise with Compliance and Risk Management departments to ensure adherence to QCB regulations, internal policies and audit requirements.

Oversee the operational deployment and readiness of new services, system upgrades and automation solutions to improve process efficiency.

Ensure timely, accurate and compliant reporting to senior management, auditors, regulators and other stakeholders.

Conduct periodic branch visits and performance reviews with a focus on operational excellence, target achievement, risk controls and continuous improvement.

Prepare and submit timely reports on operational KPIs, branch target achievements, treasury performance and audit findings.

Key Performance Indicators (KPIs)

Branch target achievement rate (sales, transaction volumes, FX margins)

Operational error rate (daily, monthly)

Customer wait time and transaction turnaround time

Internal and external audit score results

Treasury profitability (spread / margin performance, cost of currency procurement)

Vault balance accuracy and cash reconciliation efficiency

Staff productivity (transactions per staff per day)

Customer satisfaction score from service touchpoints

Operational cost efficiency and process improvement initiatives

Qualifications & Requirements

Bachelor’s degree in Finance, Operations, Banking or related field

Minimum 12 years experience in operational management within a remittance, money‑exchange or banking institution; GCC experience is preferable

Proven experience managing multiple branches or operational units

Solid understanding of treasury and dealing room operations

Knowledge of QCB regulations and operational compliance frameworks

Demonstrated leadership and team management skills

Strong data analysis, reporting and problem‑solving capabilities

Fluent in English; Arabic speaking is required

Familiarity with core remittance / FX systems and digital tools is highly preferred

Key Skills Six Sigma, Lean, Management Experience, Process Improvement, Microsoft Outlook, Analysis Skills, Warehouse Management System, Operations Management, Kaizen, Leadership Experience, Supervising Experience, Retail Management

Employment Type Full Time

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