Job Summary

The incumbent will lead in a proactive and prudent fashion the Bank’s treasury & FI function by managing the Bank’s relationship with FI counterparts (locally & abroad) including the provision of correspondent banking services (clearing – nostro / vostro, trade finance services), cash flows, asset – liability profile and foreign exchange exposures/risk and generate supplementary income within the set strategy, risk appetite, applicable regulatory limits and approved products.

Manages activity of the trading team by implementing the defined Group Risk Management Framework in which they operate. Develops and actively pursues cross-border trading opportunities and developing a strategy to grow the business. Has thorough knowledge of a broad range of trading techniques including trading/hedging strategies (stack and roll, cross commodity), market liquidity and volatility, and fair knowledge of options, derivatives, futures, swaps, exotics pricing and trading, and has broad understanding of commodity markets. Has extensive background in risk management strategies and is responsible for ensuring that overall value and risk exposure of the trading portfolio remains within the agreed Group strategy.

Directing the sales function for given products. Develops annual business plan for sales in conjunction with Group management. Reviews account coverage and results to ensure effective relationships are maintained. Establishes performance management standard for sales staff.

In the Syrian operating context, the role places primary emphasis on safeguarding liquidity, ensuring operational continuity, maintaining and gradually expanding compliant international banking access, and positioning the Bank for progressive reintegration into the global financial system, in line with evolving sanctions frameworks, regulatory expectations, and Group risk appetite.

Main Responsibilities

A.Shareholder & Financial:

-Oversees the development and implementation of annual business plans and target budgets for units of responsibility with emphasis on achievement of set targets/ objectives, business growth and expansion; in accordance with the Bank’s overall budget and strategy.

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

-Approves formulated, and/or specific strategies which cover balance sheet asset, liability and contingent allocation, longer term funding arrangements asset diversification, use of market products and financial instruments with risks identified, and hedging, trading and investment strategies.

-Oversees the implementation and evaluation of the Treasury strategic and business development plans and achievement of related short and long term business goals both locally and internationally.

-Approves Key Performance Indicators (KPIs) created for the purpose of performance monitoring and quality measurement purposes for the Treasury & FI function and monitor their achievements on periodic basis.

-Implements KPI’s and best practices for role

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

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

B.Customer (Internal & External):

-Approves Service Level Agreements (SLAs) with internal departments/ units to achieve improvements in turnaround time (TAT) which will also help increase external customer satisfaction.

-Provide timely and accurate information to the external and internal auditors, the Compliance function, and Group Risk as and when required.

-Meets with visiting banks representatives, and maintains credit lines in coordination with local & group risk and services through active relationship management.

-Build strong relationships with local banks & relevant regulatory authorities (in close coordination with CEO and CBO).Acting as the principal owner of correspondent banking sustainability, and leading structured engagement with foreign banks / FIs.

-Establishes and oversees the management of relationships with key internal and external stakeholders and managing key client interface.

-Timely reporting of important news to head office (Treasury & Group FI) of important news (macro, regulatory, bank specific, etc.).

-Provide feedback to Corporate/Retail Banking business units’ managers and, as appropriate, recommend course of action.

-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 and effective relationship with all other related departments and units to achieve the Group’s goals/objectives.

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

C.Internal (Processes, Products, Regulatory):

-Reviews developed policies and procedures for treasury & FI functions, recommends them to the approving entity, and oversees their implementation to ensure compliance with applicable regulations.

-Manages the development, implementation and evaluation of best practice work methods in areas of responsibility to achieve optimum level of performance efficiency.

-Ensure of implementing treasury solutions within the regulatory framework, especially, those related to liquidity, FX and investments regulations.

-Ensures that the department is aware of policies and procedures and have adequate resources to meet the set targets

-Assumes responsibility for the Bank’s balance sheet management by focusing on asset-liability management, liquidity management, rate management and foreign exchange transactions.

-Coordinates with Treasury and Trade Operations and ensures that adequate systems are in place to process transactions in an efficient manner.

-Oversees the overall compliance to all approved limits for the treasury and Trade functions including counterparty, country, currency, liquidity, dealer, foreign exchange, relevant applicable regulatory and trade/treasury investment/ funding limit.

-Participates in various committees and guides decision making on issues such as pricing policy, risk profile management, investments, reserves, international operations… etc, and oversees the overall compliance with treasury related statutory requirements from the local Central Bank authority.

-Oversees the overall implementation of any local Central Bank and management directives applying to the Treasury/FI function.

-Oversees the management of the Bank’s cash flows and ensure liquidity for normal banking activities by participating in appropriate market transactions with a view to minimizing cost of funds.

-Provide the overall guidance to the Treasury/FI team on technical aspects of long term funding arrangements, on and off balance sheet assets & liabilities, development of counterparty bank relationships, use of market products and financial instruments.

-Lead the annual renewal of counterparty credit applications including setting of approriate limits across products to meet business plans and revenue targets within risk appetite.Oversee the onboarding processing of new FI counterparts & ongoing annual KYC/DD process in line with the applicable policies & procedures.

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.

-Rebuild Treasury / FI competencies through structured training and close linkage with Group Treasury & FI.

-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:

-Monitors performance of direct reports and guide them in managing their performance by providing appropriate feedback and interacting with HR to ensure development and implementation of training & development plan for the Treasury & FI function.

-Approves the departmental training, with the specific long-term objective to train suitable Qatari successors for this and other positions throughout the department.

-Identifies related areas for professional development of self and all direct reports, and act to enhance professional development of self and others.

-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.

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, Anti-Bribery and Corruption, 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.

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

-University graduate preferably with a Major in Finance, Banking, Economics, or Mathematics (related field of study), Masters preferred.

-MBA, CFA, ACT or related professional certification is preferable.

-15 years diverse Treasury experience, of which 5 years must have been in a leading role in a Treasury Division & in the FI division, preferably in the country or with an international bank.

-Experience in correspondent banking access, sanctions-compliant operations and liquidity / FX management under constraint.

-Additional commercial banking experience, especially credit and market risk management would be of value.