QNB1850 - Senior Analyst Business & Functions Operational Risk

Business Unit: -
Division: -
Department: -
Country: Qatar
Closing Date: 09-Dec-2018
About QNB

QNB Group, the largest Financial Institution in the Middle East and Africa are looking to hire a Senior Analyst Business & Functions Operational Risk, to meet the expansion needs of our office in .

QNB has enjoyed continued success with Net Profits of QAR 10.8 billion (USD3 billion) in 2018 (up by 6%) and increased Total assets to QAR 853 billion (USD 234 billion). The Group now employs over 29,000 employees in 1,200 locations, with an ATM network of more than 4,300 machines.

Role Summary:

The incumbent will be responsible for leading the relationships with an individual Business or Function, providing oversight, guidance and challenge to business activity in relation to all operational risk matters and that the risk framework is well embedded across the business to ensure transparency of risks, issues and events.

 

 

Role Discription:
  • Implementation of the ‘International Bank Standard’ Operational Risk Framework with the aim to improve the groups management of its operational risks
  • Increase the effectiveness of management’s oversight by analyzing and reporting operational risk data.
  • Assist the Head of Business & Functions Operational Risk in preparing the Operational Risk Strategy that reflects the Group’s tolerance for risk and present it to the relevant Business or function GM & GCRO for discussion/ review.
  • Distil insights and provide clarity on the top 10-15 most important or material operational risks in the individual Business or Function to support risk-informed decisions at the executive committee level, ensure a risk dialogue among the management team, and enable proper risk oversight by the board
  • Build and maintain strong and effective relationship with all senior management in departments and units to achieve the Group’s goals/ objectives.
  • Utilise the group wide Operational Risk Management System in line with updated framework and policy
  • Provide timely and accurate information to the external and internal auditors and the Compliance function as and when required.
  • Ensure that the risk framework is well embedded across the individual Business or Function to ensure transparency of risks, issues and events.
  • Regularly contribute papers and commentary to governance committees ensuring the operational risk profile is clearly reported and understood.
  • Consolidate portfolio management data/ other MIS information received from the other operational risk sub-functions.
  • Liaise with their counterparts in the various subsidiaries for operational risk related MIS and reporting matters.
  • Produce adequate and accurate reports pertaining to operational risk and disseminate the same to the concerned business units/ senior management for their consideration/ action.
  • Stay updated with the relevant best practice pronouncements pertaining to operational risk and work towards instilling the same within the Group’s operational risk practices.
  • Develop/ finalize and report on the Key Risk Indicators (KRIs) established for each of the Group’s Divisions/ departments in close consultation with them.
  • Carry out appropriate on-going evaluation of all systems, processes and infrastructure, to ensure policies, processes and standards are in place to identify, assess, measure, manage and report operational risks, including identification of Qatar’s systemic operational risk.
  • Escalate relevant operational risk reporting/issues as requested by the AGM Group Operational Risk to include and comply with all internal and/or external requirements.
  • Assist in the delivery of other projects as mandated by the AGM Group Operational Risk.
Qualifications:
  • Bachelor degree preferably in finance, economics or related subjects.
  • Master and/or professional certifications such as CCSA is preferred.
  • Minimum of 8 years’ experience in a major International bank of which at least 3 years in the development and execution of Operational risk Frameworks
  • Must have 1st line experience working in a business or function.
  • Excellent oral and written communication skills in English and Arabic (preferred).
  • General knowledge of regulatory, political, reputational and environmental risk issues that would impact a complex financial services entity.
  • Knowledge of Basel II Accord, with particular emphasis on operational-related issues.
  • Excellent quantitative modelling, analytical, and research skills.
  • Experience in working with large and complex data sets.
  • Knowledge of financial markets and products.
  • Proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements.
  • In-depth understanding of operational risk methodologies.
  • Self-motivated, eye for detail.
Note: you will be required to attach the following:
1. Resume / CV