QNB1500 - Dealer Treasury Trading

Business Unit: -
Division: -
Department: -
Country: Saudi Arabia
Closing Date: 09-Oct-2016
About QNB

Established in 1964 as the country’s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.

QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.

QNB Group has an active community support program and sponsors various social, educational and sporting events.

Role Summary: The incumbent will participate in the Subsidiary’s Treasury Trading and ALM function. The incumbent will conduct inter-bank generated and related transactions for the Subsidiary both domestically and across the international network with regard to trading and monitoring of all positions in Money Markets, FX, Fixed Income and Derivatives & Structured Products, as well as all implemented hedges, as per instructions
Role Description: Assist in the development and the implementation of annual business plans for the Trading Department with emphasis on achievement of set targets/ objectives, business growth and expansion in accordance to the Subsidiary’s overall strategy. This will include the implementation of business plans of all international Treasury activity across the network, including liability raising and revenue targets.
Achieve comprehensive revenue contribution in excess of QAR 1 Billion for Treasury Trading Department. This figure will change as per the bank’s overall growth target on a year by year basis.
Achieve Subsidiary balance sheet targets in line with annual business plans.
Assist in the formulation, implementation and evaluation of the Treasury strategic and business development plans and achievement of related short and long term business goals both locally and internationally.
The development, implementation and evaluation of best practice work methods in areas of responsibility to achieve optimum level of performance efficiency in the Trading Department.
Develop/ creates Key Performance Indicators (KPIs) created for the purpose of systematic performance monitoring and quality measurement purposes for the Trading Department and monitor their achievements.
Build and maintains strong and effective relationships with all other related units to achieve the Treasury Division goals/objectives.
Communicate to the department the need to provide timely and accurate information to the external and internal auditors, the Compliance function and Subsidiary Risk as and when required.
Establish and manage relationships with key internal and external stakeholders and managing key client interface.
Ensure fair distribution for all the Treasury Trading & ALM Department’s business over a large number of financial institutions to provide reciprocity and obtain lines and raise the Bank’s profile.
Be responsible for establishing and maintaining senior level relationships with key interbank counterparties relating to mutually beneficial Treasury business.
The department’s compliance to policies and procedures for conducting buy/ sell deals, maintaining/ collating MIS pertaining to profitability/ revenue, and observe compliance with the applicable limits approved by the Board/ its delegated authorities and in accordance to regulatory requirements.
Implement the Subsidiary’s Treasury Trading strategy effectively.
The overall management of Foreign Exchange, Money Markets, Fixed Income and Subsidiary International Treasury Desks by providing adequate guidance, motivating personnel and organizing the unit activities.
Monitor and control overall risk (liquidity, interest rate sensitivity, foreign exchange, and hedging) and be responsible for adherence for all limits.
Recommend limits (counterparties, products, country, mismatch, gap, overall risk etc…) as per the delegated authority.
Trading positions, and verify department’s trading positions ensuring timely and objective revaluation of outstanding positions.
Review and channel suitable structured Treasury products through the new product approval process.
Coordinate with Dealer Treasury Sales with respect to the identification of new structured products for potential client distribution.
Manage the implementation of investment decisions taken by ALCO and advise both ALCO and the Head Treasury on market opportunities and threats.
Incumbent positions as both Subsidiary ALCO Secretary and member of Europe ALCO
The management of the process of executing day-to-day placement and borrowing deals to place/ borrow funds at the best available rates and in order to manage excess/ deficit liquidity situations.
Monitor the liquidity management function and the Subsidiary’s cost of funding for effectiveness and appropriateness, including management of the daily Funds Transfer Pricing mechanism in close co-ordination with Subsidiary Finance.
Assist in the development of the liquidity contingency plan for the Subsidiary in close liaison with the other Subsidiary constituents (locally/ abroad) and the Market Risk function which reports to Subsidiary Risk.
Actively attend meetings on strategy implementations to maximize performance and profit.
Recommend dealing room controls and procedures, monitor and maintain access controls to the dealing room ensuring that only authorized personnel have access, and organize job rotations and schedule holidays for the Treasury Division staff, ensuring suitable coverage in place at all times.
Maintain a well motivated, well trained, focused team with a reputation for the highest standards of professionalism and ethical behaviour to ensure a good name in the market.
Identify related areas for professional development of self, and act to enhance professional development of self
Ensure high standards of confidentiality to safeguard commercially sensitive information.

 

 

          Qualifications: Bachelors Degree in Business, Finance, Mathematics, Engineering or Economics.
          CFA, or related professional certification is preferable.
          Minimum 3 years diverse Treasury experience
          Prior Country experience would be an advantage.
          Note: you will be required to attach the following:
          1. Resume / CV
          2. Passport Copy
          3. Saudi ID Copy