QNB1709 - Head of Correspondent Banking

  • Business Unit
    QNB - Qatar
  • Division
    Corporate Banking
  • Department
    Corporate Banking & Financial Institutions
  • Location
    Doha, Qatar
  • Closing Date
    06-Aug-2018
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 be responsible on overseeing and supervising the global relationships with Financial Institutions and directing the correspondent banking relationships while adhering to the Bank’s global and international strategy.

Role Description

Major responsibilities of the Head of Correspondent Banking:

  • To position the bank as the first choice in the correspondent banking business.
  • To leverage the bank’s international network and source Vostro Accounts from correspondent banks.
  • To Optimize and harmonize QNB inward-outward payments by working closely with Group Operations and Transaction Banking.
  • To manage  all correspondent banking activities and develop/update proper AML/KYC procedures for banks which have relationships with the business and benchmark it with international best practices.
  • To review AML and Compliance on an annual basis for FI Nostro/Vostro Correspondents and do a comprehensive due diligence on all banks with whom QNB has Nostro and Vostro account relationships as well as non-core banks once a year (especially in high risk countries).
  • To provide key data to establish and strengthen the bank’s core relationship with worldwide correspondent banks and financial institutions. 

 

Main required key competence and Skills:

  • Sound knowledge of banking platforms, clearing streams, SWIFT.
  • Well-developed understanding of correspondent banking payments and trade businesses.
  • Strong knowledge of Treasury and Trade products.
  • Working knowledge of Banking policies and ability to identify potential issues to be addressed.
  • The ability to work closely with product managers, coverage, Transaction banking and Group Operations teams to structure deals for QNB clients.   
Qualifications

Required Skills and Qualifications: 

  • You should possess at least Bachelor degree  Masters holderes are preferred.
  • To be considered for this role, candidates must possess a graduate degree from an accredited university with solid exposure to Correspondent Banking, Transaction banking, FIG, Compliance and AML and must have over 10 years of banking experience with at least 5 years in FIG in a leading bank.
  • Experience with the concept of cross-sell and relationship management are essential. Knowledge of cash management and capital market instruments, syndication and documentation will be crucial.
  • Excellent English communication, both written and verbal is essential. 
Note: you will be required to attach the following:
  1. Resume/CV
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