Assistant Vice President - Risk (Saudization)

About QNB

Founded in 1964 as Qatar's pioneering Qatari-owned commercial bank, QNB Group has grown to be the largest banking institution in the Middle East and Africa region. With subsidiaries and affiliates in over 31 countries across three continents, QNB offers an extensive suite of advanced financial products and services, supported by a workforce exceeding 28,000 employees serving approximately 20 million customers via 1,000 branches and 4,300 ATMs.

QNB is recognized as one of the highest-rated regional banks by leading rating agencies including Standard & Poor's (A), Moody's (Aa3), and Fitch (A+), and has received numerous awards from global financial publications. Valued as the leading bank brand in the Middle East and Africa by Brand Finance, QNB also actively engages in community support through multiple social, educational, and sports sponsorships.

Role Purpose

This position demands expertise in establishing and maintaining an end-to-end control framework and utilizing advanced analytics for market risk activities, Asset Liability Management (ALM), modeling, liquidity risk, economic capital, and associated operational functions. The role also oversees the effectiveness of operational risk management techniques and ensures unbiased identification, evaluation, measurement, monitoring, reporting, and mitigation of operational risks within the branch. These risks include internal/external fraud, employment practices, client and product issues, physical asset damage, business interruption, and process execution failures.

The candidate will also provide hands-on support for data management, MIS, analytical reviews, and support ALCO and Group Risk Committees along with assisting the Head of Risk in various group risk projects.

Primary Responsibilities

• Assist in managing key prudential risks encompassing counterparty, leverage, liquidity, interest rate, currency, and other market risks.
• Support advisory efforts regarding branch risk exposures and strategy, including capital and liquidity management aligned with economic and financial environment forecasts.
• Drive advancements toward more sophisticated operational risk measurement approaches impacting capital considerations.
• Collaborate with Compliance to stay informed on regulatory updates affecting portfolio risk profiles.
• Aid in delivering accurate and timely risk data to Risk & Management Committees, auditors, and compliance.
• Address internal/external customer queries about division products and provide effective solutions.
• Ensure adherence to Service Level Agreements with internal units to enhance turnaround times.
• Review and optimize portfolio management processes and techniques in tandem with Basel Committee guidelines, regulatory norms, and best practices.
• Utilize monitoring tools and MIS reports for borrower and counterparty exposure limits, cross-border entity exposures, credit concentration, liquidity, and market risk tracking.
• Support corrective actions from assessments and audits by internal/external parties, compliance, regulators, and Sharia auditors.

Knowledge and Development

• Demonstrate solid experience in market and liquidity risk management and sound knowledge of ALM.
• Command strong expertise in operational risk management principles and methodologies.
• Commit to continuous personal development and identification of professional growth areas.
• Keep up to date with industry developments and risk management best practices.
• Regularly evaluate team and individual performance and promote effective conflict resolution.

Education and Experience

• Bachelor’s degree in Finance, Banking, Economics, Mathematics, or related quantitative discipline; Master’s degree is preferable.
• Professional certifications such as FRM, CPA, or CFA are advantageous.
• Minimum of 10 years’ experience in international banking focusing on liquidity risk management, stress testing, and ALM quantitative methodologies.

Essential Skills

• Comprehensive understanding of financial markets and banking products.
• Expertise in risk analysis methodologies including interest rate modeling and value at risk (VAR).
• Proficient in managing operational risks across a broad range of banking products and processes.
• Ability to independently manage multiple concurrent tasks and projects.
• Excellent verbal and written English communication skills.
• Solid knowledge of IT systems relevant to risk management and banking operations.
• Familiarity with regulatory requirements and International Accounting Standards related to banking risk.
• Highly motivated with strong attention to detail and ability to function effectively under pressure as a collaborative team member.

Application Requirements

• Submit updated resume/CV.
• Provide copy of passport or national ID.
• Attach copies of educational certificates.