Job Summary

The incumbent will be responsible for Identifying and assessing risk in all business lines, providing an integrated corporate-wide view and providing a quarterly assessment of areas of high risk; The incumbent will play a key role in the implementation and refinement of policies relating to the measuring, reporting and management of strategic, market, credit, liquidity and material operational risks; Recognize emerging risks and assist in devising appropriate mitigation strategies. Quantifying and monitoring the Company’s overall exposure to risk Including the adequacy and effectiveness of the market risk management framework, techniques/ processes, as they pertain to market making / liquidity provisioning activity.

Main Responsibilities

• Provide oversight in the risk governance and formulation of advice to the Senior Management on the current market making risk and liquidity provisioning exposures including the related strategy for capital and liquidity management with due consideration to the macroeconomic and financial environment of capital markets.

• Demonstrate clear understanding of the important factors behind the bank's financial & non-financial performance.

• Review of credit facilities provided for margin trading, brokerage clients and counterparty credit limits, in coordination with QNB Group Credit Risk Department.

• Provide timely and accurate risk information to QNBFS and QNB Group Risk & Management Committees, GSRM, external & internal auditors and the Compliance function as and when required.

• To assist customers in all their queries on Bank’s product and seek solution to their requests.

• Responsible for identifying and assessing material risks across all lines of business and play a key role in the implementation and refinement of policies relating to strategic, market, credit, liquidity and operational brisks.

• Work closely with QNB’s Group Risk departments and QNBFS CEO to prepare risk management guidelines and policies.

• Liaise and update Group Operational Risk Management and QNBFS CEO on operational risk incidents and critical issues and obtain approval and direction for further action, as applicable.

• Align on a continuous basis with the regulations to ensure risk related requirements for QNBFS activities are met.

• Record all relevant risks into the various departments’ Policies & Procedures Manuals. Record the Key Risks with likelihood of occurrence and potential impact in the MORA and RCSA registers and maintain that register, reviewed and approved by Group operational risk management on a periodical basis.

• Ensure that all business and back office process controls related risk framework (risk metrics) are kept upto-date, reviewed and amended regularly.

• Support individual departments in assessing and mitigating risk exposure.

• Review, identify and evaluate trade control checks (pre-order compliance), such as:

1. Monitoring various risk metrics and trading limits / total exposure.

2. Margins.

3. Regulatory requirements.

4. Risks (counterparty, operational risk).

• Investigate, review, approve or reject any risk incidents or exceptions as appropriate.

• Ongoing monitoring of overdue receivables and margin alerts or calls.

• Preparing daily and periodical risk reports.

• Ensuring that the relevant risk management procedure is updated whenever a change occurs in relation to the internal policies or procedures in that function.

• Ensure all relevant regulatory risk management requirements are met and staffs comply with guidelines.

• Escalate deviations from common practices/ serious issues to the respective department heads, QNBFS CEO and QNB Group Operational Risk Management department as applicable.

• Develop risk management orientation programs when required.

• Resolve risk events stemming from process or operational breakdowns.

• Perform the IT Systems Security Administrator tasks for the QNBFS systems as delegated by QNB IT risk management

• Provide assurance of QNBFS Business Continuity in coordination with QNB BCM Team

• Abide by the Policies and Procedures developed for maintaining the Information Security for the QNBFS and shall take on active responsibilities in achieving, managing and maintaining the ISO 27001 standard.

• Design and maintain suitable Risk policies, procedures and controls for market making and liquidity provisioning in coordination with QNB Group Strategic Risk Management (GSRM) Department.

• Contribute effectively to implement and manage a market risk management IT system, with both pre-trade as well as post-trade regulatory and internal controls.

• Incorporate and maintain the quantitative risk parameters including regulatory and internal pre-trade risk controls & limits into the MM/LP system.

• In coordination with GSRM,

• Design and have ongoing monitoring oversight on a limit control framework capturing all applicable risk factors and dimensions in coordination with GSRM, both within the IT system and through other monitoring mechanisms.

• Provide oversight on the development of suitable market and liquidity risk reports.

• Review the design effectiveness of a Value at Risk (VaR) methodology and ensure that the VaR IT system model is calibrated accordingly.

• Escalate and report critical market risk events and limit breaches as per established guidelines.

• Bring in significant leadership to the division/department, ensuring that effective controls and resources are available to manage and control work volumes.

• Oversee recruitment, provide motivation, guidance to employees and reinforce high standards concerning performance, and adherence to the Bank’s values and mission.

Education and Experience Requirements

Qualifications:

• Bachelor’s degree in finance, economics, mathematics, business administration, or a related field.

• A master’s degree in risk management, financial engineering, or business administration is a plus.

  Experience:

• Minimum Experience: At least 8–10 years of experience in financial risk management, with a strong focus on the brokerage, investment, or banking industry.

• Minimum 3–5 years in a senior risk management role, preferably as a team leader or department head.

• Hands-on experience with trading platforms, derivatives, or complex financial products.

  Key Skills:

• Risk Assessment: Expertise in identifying, measuring, and mitigating credit, market, operational, and liquidity risks.

• Regulatory Knowledge: Strong understanding of financial regulations (e.g., Basel III, MiFID II, Dodd-Frank) and compliance requirements in brokerage.

• Analytical Tools: Proficiency in using risk modeling tools (e.g., VaR models) and statistical software like MATLAB, Python, or R.

• Technology Proficiency: Familiarity with risk management systems and trading platforms (e.g., Bloomberg, Refinitiv, or similar).

• Stakeholder Communication: Strong ability to present risk reports and strategies to senior management and regulators.

• Problem-Solving: Proven ability to respond swiftly to emerging risks or crises.