About QNB QNB Group, the largest Financial Institution in the Middle East and Africa are looking to hire a Head of Risk, to meet the expansion needs of our office in QNB - UK//London. QNB has enjoyed continued success with Net Profits of QAR 10.8 billion (USD3 billion) in 2018 (up by 6%) and increased Total assets to QAR 853 billion (USD 234 billion). The Group now employs over 29,000 employees in 1,200 locations, with an ATM network of more than 4,300 machines.
Summary: As the Head of Risk, the incumbent will have overall responsibility for identifying, monitoring and managing the various risk profiles associated with the operations of QNB's offices in the assigned Country. The incumbent will create, review and recommend a risk management strategy for the assigned Country and define the risk appetite and risk policies for the Country within overall Group risk policies.
Implement and manage Group Risk measurement methodologies to quantify risks in a consistent manner across the Country covering credit, portfolio, market, liquidity operational and regulatory risks
Monitor and escalate emerging risks, changes to regulation, changes to the risk profile, the proposed or actual adoption of new products and distribution channels or any other factors that affects the branch's risk profile to Group Risk in a timely and proactive manner
Prepare such policies and procedures as are required for the operation and management of the framework (with reference to ensuring alignment with Group and Local regulatory requirements) and oversee their implementation
Maintain the framework by making such changes as are necessary in response to:
Changes in business conditions or the Group's risk appetite
Changes in regulation
Changes in technology
Implement a regime to monitor the ongoing effectiveness of the risk framework in risk, regulatory and operational terms (including Group measurement and reporting requirements), recommending such changes as may from time to time be required
Periodic review of metrics and processes for the collation and production of KRI and EWI reports and implement or enhance as necessary; raise risk alerts to Group Risk and initiate remedial action agreed by Group Risk
Attend or chair risk and other control or oversight committees set up for the Country
Stay abreast of local regulatory developments and industry best practice, introducing revisions to the framework in response to both
Input to the development of risk management practice and policies across the wider QNB Group
Hold meetings with direct reports and assess their performance as well as the department's overall performance with Group Risk and Country GM on a regular basis.
Oversee development and implementation of new processes and procedures (including requirements mandated by Group) with respect to Risk Management and be the point of reference for all matters concerning risk. Drive the continuous improvement of risk controls, process efficiency and reporting standards.
Critically evaluate limit proposals covering all functional risks and submit for approval by Group Risk/Group Credit supported by business rational and qualifying / supporting comments.
Liaise and work with Operations, Group Risk, Information Technology, Treasury and Finance to ensure appropriate support is given to the implementation of Branch and Group Risk Management requirements
Remain up to date on all aspects of regulatory limits, controls and requirements and country Central Banks and regulators in the Country).
Proactively manage credit portfolio risk by executing Group Portfolio Management Framework :
Prepare Risk Appetite metrics along with the country business strategy agree with Group Risk on a yearly basis and monitor compliance on a monthly basis.
Apply ad-hoc event driven and regular stress testing and take management mitigating actions agreed by Group Risk.
Oversee & control rating and risk pricing model outputs created by RMs and ensure compliance with use test requirements.
Manage the cross border country risk as per the Country Risk Policy
Monitor and maintain risk relevant data quality, provide data quality attestation to Group Risk on a regular basis
Ensure the portfolio complies with sustainability risk policy
Provide and continuously improve regular Portfolio MI reporting
Support Group risk regarding updating on emerging sector trends and industry benchmarks (Watch list, NPL trends etc...)
University graduate (Bachelors degree)
Additional recognized qualification in financial Risk Management (preferred).
Solid general banking experience, typically gathered by 10-15 years of experience or more
Excellent knowledge and understanding of Risk Management, typically 5 years or more, preferably in assigned Country
Sound capabilities in a Functional Management role preferably in a Financial Services environment
Solid international experience either in an international posting or working internationally involving interaction with diverse environments and different cultures.
Note: you will be required to attach the following: 1. Resume / CV