QNB3641 - Senior Manager - Credit Risk (Omanization)

About QNBEstablished 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 Purpose

Summary

The incumbent will be responsible for assisting the management of the process of credit approval on individual credit facility proposals for Corporate and Retail customers (only those retail proposals that fall outside applicable policy parameters), forwarded to them by the appropriate departments/ units.

The incumbent will assess the quality of the credit exposure sought to be undertaken and adherence to established policies and procedures. The incumbent will constantly research and seek to apply best practices in credit risk, in accordance with Basel II and other relevant guidelines.

Main Duties Perform activities within the assigned Credit Risk Strategy that reflects the Group’s tolerance for risk and the level of profitability the Group expects to achieve for incurring various credit risks. Ensure the use of a standardized process for evaluating credit proposals ensuring that all approved credits are within QNB’s Credit Risk Strategy.

Assist the SVP of Risk in creating Key Performance Indicators (KPIs) for the department and monitor their achievement on periodic basis Act within the limits of the powers delegated to the incumbent and delegate authority to the respective staff and monitor same.

Implements KPI’s and best practices for role Promote cost consciousness and efficiency and enhance productivity, to minimize cost, avoid waste, and optimize benefits for the bank. Demonstrate clear understanding of the important factors behind the bank's financial & non-financial performance.

Education/Skills University graduate (Bachelor’s degree) preferably with a Major in Finance, Banking, Economics, Mathematics, or Business Administration (related field of study), Masters preferred. Professional certification such as PRM, CPA, CFA is preferred. Sound typically a Minimum of 8 years’ experience in a major bank of which at least 2 years in bank in a supervisory capacity in risk function.

Excellent oral and numerical and written communication skills in English and Arabic (preferred). Knowledge of Basel II Accord, with particular emphasis on credit-related issues and credit modelling methodologies. Excellent quantitative modelling, analytical, and research skills. Experience in working with large and complex data sets. Knowledge of financial markets and products.

Proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements. In-depth understanding of credit risk methodologies (KMV, Credit / Metrics, etc.), interest rate modelling [short rate models, HJM, BGM, etc.], VAR, and/or other complex financial risk modelling highly desirable.

Adequate knowledge of IT systems/ applications. Self-motivated, eye for detail with ability to work with others and lead teams from diverse cultural backgrounds.

Note: you will be required to attach the following:

Resume/CVCopy of your PassportCopy of Education Certificate