Job Summary

The incumbent will assume prime responsibilities for designing and implementing various FRM controls in conjunction with Group Risk, Group IT and other department of the bank. He or she will also be responsible for monitoring and controls over Sundry and Suspense Accounts within the division and assisting other divisions in their monitoring, follow up and controls over such account relating to their areas.

Main Responsibilities

A. Shareholder & Financial:

- Assist the SVP Financial Risk Management to create long-term financial strategies to maximize shareholder value whilst pursuing prudent policies.

- Provide inputs in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to personnel responsible for financial risk management and monitor their achievements on periodic basis.

- Implements KPI’s and best practices for AVP Sundry Accounts & FRM Controls role.

- Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.

- Monitor limits and exposures with a view to improving the Group’s profits, whilst at the same time ensuring compliance with the consolidated/ overall limits approved by the Board.

- Ensure timely and balanced disclosure of all material matters concerning the Group. In doing so, develop mechanisms designed to ensure compliance with all relevant Qatari laws and regulations e.g. Qatar Central Bank regulations and also international laws and regulations in other locations in which the Group operates.

- 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):

- Establish and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are complied with.

- Liaise with relevant officials from QCB and the external auditors of the Group, on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends, impacts of proposed accounting standards etc.

- Provide timely and accurate information to the external and 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.

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

- Build and maintain strong/effective relationships with related departments/units to achieve the Group’s objectives.

- Provide timely/accurate data to external/internal Auditors, Compliance, Financial Control and Risk when required.

C. Internal (Processes, Products, Regulatory):

- Ensure monitoring of daily/monthly Sundry and Suspense accounts are prepared and distributed to related group on timely basis and execute the processes and controls to ensure gathering of responses and information are reasonable.

- Identification of areas to provide ways to optimize the process of monitoring and controlling. Be a person in relation to risk control requirements related issues as well as other necessary areas.

- Execute solid processes and controls on monitoring and controlling of sundry accounts to mitigate risk within GFCD.

- Collaborating with respective division as part of their sundry & suspense accounts issues and plan for process affects resulting from new capabilities.

- Ensure effective communication & follow-up with other departments on closing/cleaning of sundry accounts on periodic basis.

- Ensure the request to open new sundry/suspense manual account is reviewed & reasonably recommended by respective department management and GFCD before opening new account.

- Review and follow-up perform detailed/high level analysis on each sundry accounts and send inquiries to related group and ensure each comment is logical and relevant.

- Ensure the daily monitoring of FX translation impact on various strategic position of the bank, handling of related account issues if require, and analysis of BS/PL movements.

- Daily monitoring IFRS-9 and loan loss provisions (LLP) and Operating losses of the bank and ensuring compliance with the regulatory requirements. Handling and control over operation losses and legal provisions in the bank. - Participate in ad-hoc projects and initiatives to enhance and improve operational efficiency and minimize risk through technology and other means.

- Supervision of the internal financial controls and make recommendations to improve areas, which need improvements to minimize risk of financial losses.

D. Learning & Knowledge:

- Possess a superior knowledge of financial risk management & sundry accounts and maintain an understanding of all pertinent regulations as well as best practices pertaining to financial risk control and risk management.

- Responsible for developing and training financial risk management team in the appropriate skills to ensure an effective and informative financial risk management.

- Proactively identify areas for professional development of self and undertake development activities.

- Seek out opportunities to remain current with all developments in professional field.

- Hold meetings with direct reports and assess their performance.

- Take decisive action to ensure speedy resolution of unresolved grievances or conflicts amongst financial risk management personnel.

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

E. Legal, Regulatory, and Risk Framework Responsibilities:

- Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).

- Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks.

- Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.

- Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements.

- Maintain appropriate knowledge to ensure full qualification to undertake the role.

- Complete all mandatory training provided by the Bank, attain, and maintain the required levels of competence.

- Attend mandatory (internal and external) seminars as instructed by the Bank.

F. Other:

- Ensure high standards of data protection and confidentiality to safeguard commercially sensitive information.

- Maintaining utmost confidentiality concerning customer and internal bank information obtained during the course of business and provide such information on a need to know basis only to Senior Management of QNB, Audit and Compliance functions, and relevant Regulators.

- Maintain high professional standards to uphold QNB's reputation and to strengthen its market leadership position.

- All other ad hoc duties/activities related to QNB that management might request from time to time

Education and Experience Requirements

- Bachelor degree University Graduate/preferred with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study)

- At least 10 years of relevant experience, preferably within a highly rated international bank.

- Professional certification such as CPA, CA, CMA, CFA etc. is a plus.