The incumbent is responsible for the overseeing and promoting the coordination of activities between Group Risk Division’s Departments (Group Strategic Risk, Group Operational Risk, Group Information Security Risk and Legal) and the various QNB International entities (i.
e. Branches and Subsidiaries) and will promote efficient
Ensure that policies, procedures, directives and guidelines of Group Risk Committees are promptly disseminated to, and understood by, the concerned officers and staff in the various QNB International Units to ensure that the best interests of the Bank are protected, Risks are mitigated, efficiency of operations are enhanced, and / or financial losses are avoided, and for action by the units.
Ensure the timely submission from QNB International Units to Group Risk of required periodic reports, MIS and or other Management data requirements.
Ensure the preparation by the respective QNB International units of Key Performance Indicators (KPIs), Key Risk Indicators (KRIs) and Early Warning Indicators (EWIs) for performance and Risk monitoring.
Maintain close links with market intelligence to identify Risk issues and potential problems.
Ensure necessary, quality and timely support is given to the various QNB International units, to identify, and highlight relevant Risk factors and to take adequate and timely mitigating actions, if required, to safeguard the QNB Group’s interest.
Ensure the pro-actively participation and support of the Global Risk Support with QNB International Units in the preparation / updating of policies, procedures and guidelines.
Ensure comprehensiveness, compatibility and compliance of QNB International units’ policies, procedures, guidelines including product programs and work flows with QNB Group’s approved policies, procedures, guidelines.
Ensure that the Global Risk Support acts as the liaison focal point of Group Risk Division with the QNB Divisions, and QNB International Units with regards to all matters related to Group Risk except for Group Credit Department’s approval, monitoring and control functions related to credit applications where Group Credit shall liaise directly with all QNB Business Divisions and QNB International units.
Ensure the prompt, efficient and timely supervision, coordination, collection and dissemination of all relevant information, data and reporting needs of Group Risk with QNB International Units.
Formulate and provide, in coordination with concerned Group Risk functions, standard formats for reporting requirements by QNB International units.
Act as a Help Desk function to assist all QNB Divisions and QNB International units, with regards to clarification of Group Risk policies, procedures and guidelines, as well as information on required ad hoc or periodic reporting or data requirements from Group Risk.
Represent Group Risk in meetings, projects and other joint initiatives with other QNB Divisions and QNB International Units, as directed by the AGM SRM.
Ensure that there is a mechanism, in standardized formats, for periodic reporting of the Group’s international Risk exposures, to the relevant Risk Division functions and QNB Board / Executive Management level committees.
Participate in the annual / other periodic business and strategy review meetings of the QNB International units.
Conduct periodic on-site operational, organizational and business Risk assessments of QNB International Units to ensure compliance with approved policies, guidelines and strategy directives.
Ensure that respective Risk functions within QNB International units possess adequate qualified human resources and systems, and receive appropriate administrative and logistical support to facilitate proper and efficient performance of intended Risk functions.
Support Group Risk and HR training initiatives across all QNB International units and ensure that Risk staff in those units undergo required training programs and meet prescribed career development objectives.
Coordinate and assist in the delivery of Risk education and awareness programs with branches and subsidiaries with explicit dialogue on the organization's Risk culture.
Hold / conduct regular meetings with direct reports to obtain status of International Units’ Risk related activities, and assess their performance, and to ensure knowledge, understanding and compliance with the Bank’s and Regulators’ policies and procedures, strategic plans and objectives.
University graduate with a degree in business, finance, economics or related subjects.
Minimum of 13 years’ experience in banking industry / or specialized financial consultancy firms.
Minimum 8 years in a supervisory capacity in Risk and / or corporate finance functions.
Extensive knowledge of Corporate Banking, International Banking, Compliance and Regulatory Standards and Risk Management, including experience in multiple countries and / or regions.
Superior knowledge of Risk Management and financial industry related best practices, as well as key Risk functions and concepts (Credit Risk, Operational Risk, Market Risk, Legal, and Portfolio Management);
Risk Management concepts and product suites (Risk ratings, Corporate Credit products including international syndications, capital adequacy, corporate governance, asset liability management);
International Accounting Standards; and legal / regulatory requirements including issues affecting financial markets (Basle 2 and 3, AML, OFAC).
Experience in preparation, review and understanding of : Business Plans / Strategy; Target Market and Risk Acceptance Criteria;
periodic reports and other Risk Management documents (business strategies, portfolio management, Credit and Investment policy, product programs, policies and procedures).
High level understanding and ability to utilize leading Risk measurement techniques and tools e.g. Moody’s MRA for corporate default probabilities, Value at Risk etc.
Understanding of IT systems and operations as they related to Risk processes.
Ability to lead and hold meetings with various representatives of QNB Divisions, QNB International units, external auditors, regulators, financial advisors, and consultants to discuss pertinent Risk matters and issues.
Superior ability to develop, plan, and implement short-and long-term goals.
Self-motivated, eye for detail, strong team player. Ability to work independently on multiple tasks and / or projects, and deliver under pressure.
Excellent oral and written communication skills (Arabic a plus, but not required).
Ability and willingness to train coach and mentor junior staff.