Summary

As the Head of Risk responsibility for identifying, monitoring and managing the various risk profiles associated with the operations of QNB’s offices in the assigned Country.

The incumbent will create, review and recommend a risk management strategy for the assigned Country and define the risk appetite and risk policies for the Country with overall Group risk policies

Responsibilities

Recommend risk measurement methodologies to quantify risks in a consistent manner across the Country covering credit, market, operational and regulatory risks;

Prepare such policies and procedures as are required for the operation and management of the framework and oversee their implementation;

Act within the limits of the powers delegated to the incumbent and delegate authority to the respective heads and monitor exercise of the same

Maintain the framework by recommending and making such changes as are necessary in response to:

Changes in business conditions or the Group’s risk appetite

Changes in regulation

Changes in technology

Implement a regime to monitor the ongoing effectiveness of the risk framework in risk, regulatory and operational terms, recommending such changes as may from time to time be required;

Input to the development of risk management practice and policies across the wider QNB Group.

Work closely with the Compliance and Internal Audit Departments to ensure the work of all areas mesh together with no gaps and appropriate “3 level” controls are maintained across all areas of the business;

Oversee development of new processes and procedures and implementation with respect to Risk Management and be the point of reference for all matters concerning risk

Monitor effectiveness of and enhance and develop processes and procedures in conjunction with HO Risk Management to improve effectiveness of risk management at branch and HO level.

Review and process queries / proposals relating to all aspects of Risk Management

On a dynamic basis research and study trends in international markets with respect to all aspects of risk management and the development of information feeds and databases to ensure early warning systems are in place to minimize losses to the Bank

Remain up to date on all aspects of regulatory limits, controls and requirements (particularly in respect of the QCB, and country Central Banks and regulators in the Country).

A superior knowledge of Credit, Market, Counterparty, Reputational and other financial and non-financial risks that might expose the Bank to loss

Ability to operate and perform in a diverse environment under general direction, guidelines and rules.

Superior negotiation skills cross functionally and externally.

in accordance with the Branch Governance manual, contribute to and comply with the Branch’s Risk Framework, consider Risk Appetite and promote a positive Risk Culture:

Understand and effectively perform your role under the Three Lines of Defence principle to identify, measure, monitor, manage and report risks.

Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.

Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements.

Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training provided by the Bank and attain and maintain the required levels of competence.

 

Requirements

University graduate with additional recognized qualification in financial Risk Management and Masters preferred.

Solid general banking experience, typically gathered by 10-15 years of experience or more

Excellent knowledge and understanding of Risk Management, typically 5 years or more, preferably in assigned Country

Solid international experience either in an international posting or working internationally involving interaction with diverse environments and different cultures.