QNB2843 - Provisions & Budgeting Associate

  • Business Unit
    QNB - Al Ahli
  • Division
    Risk
  • Country
    Egypt
  • Closing Date
    31-Dec-2024
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.

Provisions & Budgeting Associate

Job Summary:

  1. Assist in the calculations of the default bank rate for both corporate & retail portfolios, including general and impairment provisions according to IFRS 9.

  2. Process the Expected Credit Loss (ECL) and provisions calculations for both corporate & retail portfolios on a monthly basis.

  3. Assist in the preparation of the bank risk budget, taking into consideration influential factors such as NPL, write-off cases, and portfolio growth.

  4. Calculate the Net Cost of Risk (NCR) on a monthly basis and assist in the preparation of the Financial Risk Disclosure on a quarterly basis.

  5. Process Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) calculations on both corporate & retail portfolios.

  6. Develop reports or any other requirements relevant to the unit’s issues upon request (from Internal Audit, QNB GROUP, etc.).

  7. Create and disseminate risk measurements and reports.

  8. Commit to recommendations set by internal/external audit and confirm adherence.

  9. Develop reports and coordinate with various departments to perform any of the above-mentioned tasks.

  10. Ensure correct adoption of policies and procedures to guarantee that QNB ALAHLI business is conducted in compliance with Local Laws, Internal rules and regulations, as well as International Standards. Confirm proper adherence to QNB ALAHLI Credit Risk Policy in addition to CBE regulations & circulars.

  11. Ensure the correct functioning and implementation of Permanent Supervision system, compliance, money laundering, operational risk & workplace success guidelines whenever & wherever possible.

Qualifications:

The candidate should demonstrate knowledge/certification covering at least 3 of the following areas:

  • Predictive statistics and hypothesis testing.

  • Math algebra.

  • Econometrics (time series knowledge is a plus).

  • Artificial Intelligence (Machine Learning skill is a plus).

  • IFRS 9.

  • Basel accords.

  • One of coding languages: C++, R, Python, MATLAB

Education:

  • FRM Certificate.

  • Data Science bachelors (diplomas with credit hours).

  • Master of Science in Finance or A Master of Arts in Economics.

  • Recent bachelor's in quantitative fields/concentrations (statistics, econometrics, physics).

Experience:

Minimum 3 Years

Note: you will be required to attach the following:
  1. Resume/CV
  2. Passport-size photograph
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