QNB1338 - Financial Reporting Specialist

Business Unit: -
Division: -
Department: -
Country: Qatar
Closing Date: 21-Feb-2019
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: This role will assume prime responsibility for financial reporting (domestic), in line with pertinent regulatory requirements/best practices. The development and implementation of the Group’s Financial Statement Close Process (FSCP) also rests with this role.
Role Description:
    • Assist  Head of Group Financial & Regulatory Reporting to create long-term financial strategies to maximize shareholder value and the underlying growth of the share price whilst pursuing prudent policies.

    • Monitor limits and exposures with a view to improving the Group’s profits, whilst at the same time ensuring compliance with the consolidated/ overall limits approved by the Board.

    • Ensure timely and balanced disclosure of all material matters concerning the Group. In doing so, develop mechanisms designed to ensure compliance with all relevant Qatari laws and regulations e.g. Qatar Central Bank regulations and also international laws and regulations in other locations in which the Group operates.

    • Assist Head of Group Financial Reporting & Group Consolidation in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to the financial reporting related process and monitor the achievements of its individual departments/ units on periodic basis.

    • Establish and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are complied with.

    • Liaise with relevant officials from QCB and the external auditors of the Group, on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends, impacts of proposed accounting standards etc.

    • Ensure all financial regulatory reports/returns are prepared at a timely manner and are in line with the relevant regulatory requirements e.g. Shari’a reporting requirements, other QCB requirements, Qatar Exchange (Q.E.) related requirements overseas segments etc.

    • Ensure monitoring of local and international regulatory changes, accounting standards and assess the impact of such changes on the periodic reporting to the regulators of the respective jurisdictions and also assess the impact of such changes on the financial statements.

    • Ensure the existence, timely updating and continuous adherence to Group policies and procedures relating to preparation/submission of regulatory returns, consolidated financial statements etc.

    • Oversee the preparation of consolidated financial statements for the Group in a timely and efficient manner.

    • Ensure disclosures made are in accordance with international accounting standards and applicable regulatory requirements for group consolidation.

    • Implement the structure to independently verify and safeguard the integrity of Group’s financial reporting. In doing so, supervise the review and authorization processes designed to ensure truthful and factual presentation of the Group’s financial position.

    • Responsible for the development and successful implementation of the Group’s FSCP.

    • Spearhead Group efforts relating to projects and initiatives pertaining to developments in FRM tools/techniques.

Qualifications:
    • Bachelor/ Masters degree preferably in finance, accountancy or related subjects.

    • Professional certification such as CPA, CA, CMA, CFA etc. is a plus .

    • Minimum of 6 years experience in a major bank of which at least 2 years in bank in a managerial capacity in the financial reporting function.

Note: you will be required to attach the following:
1. Resume / CV