Senior Manager Asset and Liability Management

Employment; Doha; On-site; QAR 300,000 - 600,000; Full time

Job summary

QNB Group seeks a Senior Manager Asset and Liability Management to lead local currency Money Market activities in line with group strategy, risk appetite and regulatory requirements. The role focuses on implementing MM KPIs, managing liquidity and interest-rate risk, and collaborating with internal units to achieve desk objectives while maintaining compliance.

Candidates should have a bachelor’s degree and at least 8 years in a dealing room, with strong analytical and communication skills, and

Qualifications

• Bachelor’s degree in a related field; minimum 8 years in active dealing room.

Responsibilities

• Complies with budgets, policies for Local Currency MM operations.
• Implements KPIs and best practices for Senior Manager, ALM (Local Currency).
• Promote cost consciousness and efficiency to minimise cost and boost productivity.
• Assist in building relationships with related units to achieve MM desk goals.
• Provide timely information to auditors, Compliance, and Group Risk.
• Assist customers in queries on Bank products and seek solutions.
• Maintain SLAs with internal units to improve turnaround time.
• Build relationships with related departments to achieve Group objectives.
• Performs MM strategies in line with policy and delegated authority.
• Prepare daily rate sheets and monitor gap positions under supervision.

Skills

Money Market operations

ALM expertise

Regulatory compliance

Risk management

Financial analysis

Stakeholder collaboration

Strategic planning

Communication skills

Education

Bachelor’s degree in a related field (Banking/Finance/Economics/IT)

Job description

Senior Manager Asset and Liability Management

About QNB

Established in 1964 as the country’s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.

QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.

QNB Group has an active community support program and sponsors various social, educational and sporting events.

Job Summary

The incumbent will perform Money Market (MM) activities in local currencies in accordance with Group’s strategy, risk appetite, regulatory requirements, policies and procedures and the delegated authority.

Main Responsibilities

• Shareholder & Financial:
• Complies with approved budgets, policies and procedures in relation to Local Currency MM operations.
• Implements KPI’s and best practices for Senior Manager, Asset & Liability Management (Local Currency) role.
• Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.
• Act within the limits of the powers delegated to the incumbent.
• Customer (Internal & External):
• Assists in building and maintaining strong and effective relationships with all other related units to achieve the Money Market’s Desk goals/objectives.
• Provides timely and accurate information to the external and internal auditors, the Compliance function and Group Risk as and when required.
• 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/effective relationships with related departments/units to achieve the Group’s objectives
• Internal (Processes, Products, Regulatory):
• Performs activities in accordance with the set MM strategies.
• Complies with the department’s policies and procedures for conducting buy/ sell deals, maintaining/ collating MIS pertaining to profitability/ revenue, and observing compliance with the applicable limits approved by the Board/ its delegated authorities.
• Trades in various money market instruments such as deposits, loans, short-term securities, forward rate agreements and interest rate swaps in approved currencies and with approved counterparties within delegated authority.
• Follows up on the timely processing of transactions in coordination with Treasury Operations.
• Responds to and log requests for local currency MM transactions, and provide pricing support for major corporate banking departments and branches within the delegated authority.
• Prepares daily rate sheets under the direct supervision of the SVP, Asset & Liability Management.
• Monitors gap positions within the delegated authority and under the guidance of the SVP, Asset & Liability Management.
• Learning & Knowledge:
• Proactively identify areas for professional development of self and undertake development activities.
• Seek out opportunities to remain current with all developments in professional field.
• 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, 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.

Education And Experience Requirements

Bachelor’s University graduate preferably with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study) Minimum 8 years experience in active dealing room, preferably in the Gulf