Senior Manager - Domestic Regulatory Reporting

QNB Group; Doha; On-site; QAR 480,000 - 600,000; Full time

Job summary

QNB Group in Doha seeks an experienced Regulatory Reporting professional to lead daily, weekly and monthly financial and regulatory reporting at local and group levels. The role requires deep knowledge of bank reporting standards and collaboration with internal teams and external authorities.

The incumbent will ensure data quality, perform analyses, and manage ad hoc reporting as required. A Bachelor in Finance/Accounting/IT and 8+ years in a related field are essential.

Qualifications

• Bachelor degree in Marketing, Banking, Finance, Accounting, Economics, Business Administration or IT.
• At least 8 years of relevant experience in regulatory or financial reporting.
• Knowledge of financial & regulatory reporting methods and balance sheet concepts.

Responsibilities

• Ensure timely financial & regulatory reporting at local level and consolidation at group level.
• Provide detailed analytical review and ad hoc reporting for regulatory purposes.
• Maintain relationships with regulatory authorities and internal departments to meet SLAs.

Skills

Regulatory reporting

Financial analysis

Data cleansing

Systems knowledge

Stakeholder management

Education

Bachelor degree in Marketing/Finance/Accounting/Economics/IT

Tools

Core banking systems

Data warehouse

Job description

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 assume prime daily, weekly and monthly responsibilities for financial & regulatory reporting at the local level and consolidation of these reports at the group level. The incumbent will also be responsible for providing detailed analytical review and preparation of local financial & regulatory reporting for The Bank including ad hoc requirements as needed.

Main Responsibilities

• Shareholder & Financial: Ensure timely and accurate disclosure of financial & regulatory reporting including all material matters concerning the Group. In doing so, develop mechanisms designed to ensure compliance with all relevant Qatar Central Bank rules and regulations. Create reporting efficiency to enhance productivity, minimise turnaround time, reduce error and add value for the bank. Adhere to Key Performance Indicators (KPIs), for performance and quality measurement purposes pertaining to regulatory and an hoc reporting to monitor and ensure achievements on a periodic basis. Implements KPI’s and best practices for Senior Manager Domestic Regulatory Reporting role. Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.
• Customer (Internal & External): Establish and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are complied with. Liaise with relevant officials from QCB on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends and impacts of proposed accounting standards, etc. Build and maintain strong and effective relationships with all other related departments and units to achieve the Group’s goals & objectives. Provide timely, accurate information and reports to the external and internal auditors and the compliance function as required. 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): Ensure daily, weekly, monthly, quarterly and annual financial & regulatory reports at the local & group level are completed within the delivery deadline with a high level of accuracy and accompanying analysis of these reports made prior to submission. The ability to create ad hoc financial & regulatory reports as required by regulator within specified deadline Possess a solid understanding of banking processes, products and transactions flows Possess an understanding of core banking systems, data warehouse and their impact on the output and accuracy of regulatory reports Perform data cleansing on a routine basis to ensure financial data is accurate and relevant Perform system enhancements on a periodic basis to reduce report turnaround times and eliminate errors.
• Learning & Knowledge: Possess a thorough understanding of asset, liability, P/L and off balance sheet accounting and presentation for financial & regulatory reporting Possess or acquire knowledge of local regulatory requirements as well as best practices pertaining to regulatory reporting standards. Possess knowledge/understanding of various banking systems set up (e.g. core banking, OPICS, BAS) to analyze, create or modify system reports with minimal error Help in developing and training local regulatory reporting team in the appropriate skills to ensure an effective and informative regulatory reporting

Education And Experience Requirements

Bachelor degree University Graduate/preferred with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study)

At least 8 years of relevant experience, preferably within a highly rated international bank/ financial or regulatory reporting Knowledge of financial & regulatory reporting methods including a solid understanding of balance sheet, P/L statement and off balance sheet items

Note: you will be required to attach the following:

• Resume/CV
• Copy of Passport or QID
• Copy of Education Certificate