وصف الوظيفة
Role Overview
Assistant Vice President - Risk (Saudization) at QNB, based in Riyadh, Saudi Arabia. The role sits within Risk Management, reporting to the Risk Management Division.
Company Overview
QNB was established in 1964 as the country's first Qatari-owned commercial bank and has grown to become the largest bank in the Middle East and Africa (MEA) region. QNB Group operates through subsidiaries and associate companies in more than 31 countries across three continents, serving up to 20 million customers through 1,000 locations and an ATM network of 4,300 machines. The Group employs more than 28,000 staff and maintains ratings of A from Standard & Poor's, Aa3 from Moody's, and A+ from Fitch. QNB ranks as the most valuable bank brand in the Middle East and Africa according to Brand Finance Magazine.
Role Purpose
Deliver an end-to-end control framework and advanced analytics for market risk, Asset-Liability Management (ALM), modelling, liquidity risk, and economic capital. Ensure independent and objective identification, assessment, measurement, monitoring, reporting and control of operational risk for the Branch. Provide hands-on support for data management, MIS, analytics and ALCO and Group Risk Committee operations, while actively supporting the Head of Risk in Group Risk Projects and initiatives.
Key Responsibilities
Prudential Risk Management
- Assist in the management of fundamental prudential risks including counterparty, leverage, liquidity, interest rate, currency, and other market risks.
- Support oversight and formulation of advice to the Branch on current risk exposures and future risk strategy, including strategy for capital and liquidity management.
- Coordinate with Compliance to obtain updates on regulatory changes pertaining to risk and assess their impact on the Group's different portfolio risk profiles.
Operational Risk Management
- Ensure adequacy and effectiveness of operational risk management techniques and processes.
- Manage and supervise all operational risk types including internal and external fraud, employment practices and workplace safety, clients, products and business practice, damage to physical assets, business disruption and systems failures, and execution, delivery and process management.
- Take pro-active steps to enable the Branch to move to more sophisticated and advanced methods for calculation and measurement of operational risk and related capital impact.
- Support correction of weaknesses identified during assessments, audits, or examinations by internal or external audit staff, Group Compliance personnel, regulators examiners or Sharia auditors.
Market Risk, ALM and Liquidity Risk Management
- Review and propose necessary changes to existing portfolio management techniques and procedures for domestic and overseas business in light of changing market conditions based on Basel Committee recommendations, other best practices and QCB or host regulator regulations and guidelines.
- Leverage necessary tools, systems and MIS reports for monitoring of limits relating to borrowers, counterparties, cross-border Group entities, excess over limit, expired limits, expired facilities, classification of advances per credit rating criteria, related party exposure, credit concentration, liquidity monitoring and related market risk exposures.
Reporting and Governance
- Support the department head to provide timely and accurate risk information to Risk and Management Committees, external and internal auditors and the Compliance function as required.
Stakeholder Support and Operations
- Assist customers (External/Internal) with all queries on the Division's products and tasks and seek solutions to their requests.
- Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments and units to achieve improvements in turn-around time.
Team Development and Performance
- Hold meetings with staff and assess their performance as well as the function's overall performance on a regular basis.
- Take decisive action to ensure speedy resolution of unresolved grievances or conflicts within the team.
Qualifications & Experience
- University graduate with Bachelor's degree, preferably with a major in Finance, Banking, Economics, or Mathematics or related field of study in a quantitative subject; Masters preferred.
- Professional certification such as FRM, CPA, or CFA advantageous.
- 10 years of experience in international banking with specific focus on Liquidity Risk Management, Stress tests and ALM quantitative methods.
Skills & Competencies
- Solid experience in market risk and liquidity risk management with excellent understanding of Asset-Liability Management.
- Superior knowledge of operational risk management techniques and methodologies.
- Knowledge of financial markets and products.
- In-depth understanding of risk methodologies, interest rate modelling, VAR and other complex financial risk modelling.
- Strong understanding of operational risks across the full product and process range found in banks and financial services institutions.
- Adequate knowledge of IT systems and applications.
- Proficiency in risk concepts, banking products, operations, systems, pertinent regulatory requirements, International Accounting Standards and related best practices.
- Ability to work independently on multiple tasks and projects.
- Excellent oral and written communication skills in English.
- Self-motivated with eye for detail.
- Flexible team player able to work and deliver under pressure.
- Takes responsibility for self-development and acquiring skills and knowledge required for fulfillment of duties by proactively identifying areas for professional development.
- Seeks out opportunities to remain current with all developments in professional field.
Additional Information
- Position closes 31 December 2026.
- Required documents: Resume/CV, Copy of Passport or ID, Copy of Education Certificate.