Job Purpose Summary:

This section’s primary responsibility is to manage all the Treasury Operations Control Duties related to Middle Office, Control and documentations. Interest Accruals, amortization of Premium/Discount are accurately done. Monitor the transactions and treasury reports from Risk point of view to make sure there are no processing lapses. Monitor the workflow and make sure all transactions done by Front Office have been accurately processed (Posting, Accounts and Approvals). Monitor Deals, treasury reconciliations, suspense and Sundry accounts, monitor the static data setup in Treasury System and send flags/Alerts to Treasury, Risk and FCD as required. Monitor all aspects of Treasury Related documentation and Islamic deals confirmations

Essential Duties & Responsibilities by Dimensions:

A. Shareholder & Financial:

- Assist the EVP-Treasury and Asset Operations, in the annual budgeting and business plan process and the subsequent monitoring thereof.

- Implements KPI’s and best practices for Senior Vice President Treasury Operations Middle Office role.

- Control all financial reporting to other departments for all Treasury Products.

- In addition to monitoring Management of huge investment portfolio of the bank. Monitor about QAR120MIO monthly average income on the portfolio. Ensure accurate recording of Derivative products profit and loss account

- Supervise all tasks of the treasury Operations unit.

- Control all financial reporting to other departments for all Treasury Products

- In addition to supervising Management of huge investment portfolio of the bank. Ensure accurate recording of Derivative products profit and loss account

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

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

B. Customer (Internal & External):

- Provide assurance to Management and QCB that capital markets and investments positions are in accordance with QNB’s Investment Strategy and QCB limits.

- Provide timely and accurate information to the external and internal auditors when required.

- Build and maintain strong and effective relationship with all other related units to achieve Group’s goals.

- Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time.

C. Internal (Processes, Products, Regulatory):

- Ensure Development of a team that understands the process & workflow and can deliver results accurately.

- Manage the middle office, control and documentation Units.

- Monitoring Negotiations of ISDAs, GMRAs, Islamic Agreements, and Brokerage Agreements

- Monitoring the EMTN documentation

- Ensure that end of month reports are correctly produced and on time and applied in system.

- Nostro and Counterparty Limits Monitoring

- Investment Portfolio Limit monitoring

- Currency Movement monitoring

- Yield curve monitoring

- Valuation monitoring

- Daily monitoring FX P/L for treasury& branches

- Guide staff when required in responding/ solving any customers or other Banks issues promptly and refer any unavoidable delays directly to higher authorities.

- Trouble shooting and corrective actions

- Adhere to Bank policy handling all Capital Market; custodian; Fund Management and Investment Transactions.

- Make sure all transactions have been properly approve and booked in the system.

- Interest receipt/payments are accurately and professionally monitored and accounting entries being correctly recorded.

- Market Price is timely updated in the system for Fair Value exposure of the bank as per Central Bank Policy.

- Respond to Financial Control queries with regards to variances and P/L and Accruals

- Handle External and Internal Auditors to their satisfaction

- Ensure Periodical Reporting to the management and Central Bank as per policy.

- Supervise Staff: Ensure coordination amongst Section staff and coordination with other sections as Section Head

- Support International Branches & subsidiaries

- Responding to FCD queries with relate to P&L variance on any products

- Monitoring and ensuring correctness of Treasury customer creation and static data setup in Treasury System.

- Handle the new/amendment in accounting mapping with Equation or BS for Opics accounting entries.

- Verify and validate the portfolio reconciliation with counterparty as required by ISDA protocols/EMIR and MRUD regulations.

- Verify and validate the calculations of the Initial Margin, Variation Margin and Margin calls for Repo agreements and under EMIR regulation for IRSs and MRUD regulations for un-cleared derivatives Follow up and update all QNB investments portfolio (Financial reports, holding certificates, Dividends, and right issues)

- Monitoring of all Islamic transaction along with their relevant schedule exchanges with counter parties.

- Monitor and ensure correctness for floating deals rate refixings and their cash flow settlement and reconciliation.

- Reviewing brokerage cost with relate to Islamic deals.

- Reviewing all the legal documents on EMTN issue before submitting to IPA for settlement purposes.

- Reviewing of all KYC requirements for on-boarding any new customer for Treasury transactions.

- Reviewing of ISDA, GMRA, CSA and other novation agreement for treasury transaction.

- Reviewing of monthly statistics for treasury ops & control area.

Continuous improvement:

- Set examples by leading improvement initiatives through cross-functional teams ensuring successes.

- Identify and encourage people to adopt practices better than the industry standard.

- Continuously encourage and recognise the importance of thinking out-of-the-box within the team.

- Encourage, solicit and reward innovative ideas even in day-to-day issues.

D. Learning & Knowledge:

- Possess an understanding of Capital Markets, derivatives and Investments types for usage, accounting, balance sheet and off-balance sheet treatment, revaluation methods, liquidity and gapping.

- Possess an understanding of back office/ treasury systems for static set-up, processing routines, accounting rules, payment instruction, advises and reporting.

- Set up all department needs with the available system and enhance the existing.

- Awareness of all new market new regulatory (EMIR, MRUD, etc.)

- Hold meetings with staff and assess their performance and your teams overall performance on a regular basis.

- Take decisive action to ensure speedy resolution of unresolved grievances or conflicts within the team members.

- Identify development opportunities and activities for staff and facilitate/coach them to improve their effectives and prepare them to assume greater responsibilities.

Education/Experience Requirements:

- Bachelor’s / Master’s Degree preferably with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study), Masters preferred.

- At least 15 years of relevant experience, preferably within a highly rated international bank / Treasury Operations Banking and Capital Market with minimum of 7-8 years managerial level.