Responsibilities:
Ensure that all controls, reports and tasks are performed in a timely and accurate manner.
Review and validate the daily, weekly, monthly, quarterly and annually reports to monitor bank’s Market Risk, Financial Institution Risk & Liquidity Risk exposures by checking certain controls and ensure adherence to approved limits.
Validate the data integrity through matching those data with reports from other departments. Ensure that any differences are detected; analyzed and corrective actions are taken to follow up implementation.
Review and validate prepared proposals that need approval and validation from Chief Risk Officer, QNB Top Management & QNB Group. Review and validate requests, confirm that are complete and in standard form. Ensure and validate notifications to concerned departments with the new approved limits. These proposals include: a) Requests related to Countries or Banks limits b) Sovereign Limit c) Foreign Exchange and Trading Limits proposals
Review and validate regular reports that are sent to Chief Risk Officer, QNB Top Management, QNB Group & CBE.
Follow up recommendations set by internal/external audit or CBE inspection.
Ensure continuous maintenance of models, assumptions and limits used in Market Risk management.
Ensure that all the relevant manuals and procedures are up to date and contribute in developing Market Risk policies.
Develop new controls, reports and models in order to assure efficient management of the market risk department activities.
Review the annual Cross-Border, and banks & trading limits after thorough review for the approval of CRO, Group Risk and Board of Directors.
Review and validate the proposed limits for countries, financial institutions, trading & sovereign entities as part of the annual review package.
Review and consolidate the Expected Credit Loss (ECL) and provisions calculations for sovereign and banks exposures on a monthly basis.
Review the Net Cost of Risk (NCR) calculation on a monthly basis and assist in the preparation of the Financial Risk disclosures on a quarterly basis.
Actively participate in the update of the QNB’s Recovery Plan.
Review the Weekly Economic Brief covering the latest market research, economic news and industry highlights on a weekly basis.
Prepare FX Stress Test for the Market Risk disclosures in the Financial Statements on a quarterly basis.
Review the Risk Highlights presented to the Group Risk on a monthly basis.
Job Specifications:
Education: Bachelor’s degree in business, economics, commerce or accounting
Experience: Minimum of 7 years’ experience in Corporate Banking, Treasury, Operations, or Risk Management
Skills: Self-motivated High Sense of judgment. Perfect Analytical skills with focus on risk identification. Strong leadership communication & interpersonal
skills. Fluency in Arabic and English written/spoken.
Very Good computer skills. (MS Word, Excel, PowerPoint).
Financial Modeling.
Working Conditions: Based in the Head Office
