Summary

The incumbent will join the Group Strategic Risk Management department and will support the Bank’s climate risk efforts globally. Working in close partnership with stakeholders across the Bank, the role will focus on delivery and coordination of risk management best practice in this evolving area. This will involve the enhancement of the Group’s framework to identify, measure, monitor and manage the financial risks from Climate Change in line with evolving regulatory and market expectations. The incumbent will be involved in the integration of climate risk into governance frameworks and processes and will collaborate with stakeholders across the Bank to implement specific climate risk management processes.

A key part of the role will involve taking ownership for the delivery of the QNB Group’s climate scenario analysis, including interpretation and communication of the resulting conclusions & the formulation of recommended actions. The role also encompasses responsibility for understanding and responding to new regulation and improving transparency and disclosures.

Responsibilities

• Support the development and implementation of a framework for identifying, measuring, monitoring and managing the financial risk from Climate Change in line with regulatory expectations

• Draft and develop governance materials and risk framework documentation

• Coordinate integration of climate risk into core governance frameworks and processes such as portfolio analysis, risk appetite and ICAAP

• Partner with risk management teams (e.g. Credit Portfolio Management, Market Risk) to drive portfolio analysis capabilities

• Review the output of the Stress Testing / scoring tool models and engage with Credit Approvers on determining the best course of actions for customer identified as presenting a high climate risk.

• Provide risk input into climate risk disclosures (e.g. TCFD)

• Develop expertise in the following areas: the drivers of Climate Change including how it affects economies and corporations, governmental and regulatory responses to Climate Change and emerging thought over how to measure and manage Climate Risk from a financial loss perspective

Experience

• University graduate preferably with a Major in Banking, Finance, Accounting, Economics, Business Administration or related field of study (Masters preferred). Relevant professional certifications will be an added advantage (e.g. GARP Sustainability and Climate Risk).

• At least 12 years of relevant banking experience, preferably within a highly rated international bank, and in a managerial capacity

• Excellent understanding and knowledge of banking & risk management practices.

• Experience of framework design and implementation.

• Experience in dealing with and delivery of regulatory projects an advantage.

• Confidence and ability to communicate effectively with senior professionals and various stakeholder groups within QNB.

• Strong interest in continually developing skills and knowledge related to Climate Change and its implications for risk management.

• Excellent oral and written communication skills (including report writing) in English, while Arabic would be an added advantage.

• Leadership & Change Management abilities in influencing senior personnel throughout the group.

• Strong analytical skills and the ability to communicate both verbally and in writing with all levels of management.