QNB Assistant Vice President Risk (Saudization)📣 إعلان

About QNB Group

QNB Group, established in 1964, is the largest bank in the Middle East and Africa (MEA) region. With a presence in over 31 countries across three continents, QNB provides a comprehensive range of advanced products and services to more than 20 million customers through 1,000 locations and an ATM network of 4,300 machines. The Group employs over 28,000 individuals and is recognized as one of the highest-rated regional banks, holding the position of the most valuable bank brand in the MEA region. QNB Group also actively supports the community through various social, educational, and sporting events.

The Opportunity: Assistant Vice President Risk (Saudization)

QNB Group is seeking an Assistant Vice President Risk to join its team in Riyadh, Saudi Arabia. This full-time role is part of the Saudization initiative and requires specialized experience and technical capability to deliver an end-to-end control framework and advanced analytics for market risk activities, ALM, modelling, Liquidity Risk, and Economic Capital. The incumbent will also play a critical role in ensuring the adequacy and effectiveness of operational risk management within the Branch.

Key Responsibilities

The Assistant Vice President Risk will be responsible for a range of duties, including:

• Assisting in the management of fundamental prudential risks such as counterparty, leverage, liquidity, interest rate, currency, and other market risks.
• Supporting the oversight and formulation of advice to the Branch on current risk exposures and future risk strategy, including capital and liquidity management, considering macroeconomic and financial environments.
• Taking proactive steps to enable the Branch to adopt more sophisticated methods for operational risk calculation and measurement, and assessing their impact on associated capital levels.
• Coordinating with the Compliance function to obtain updates on regulatory changes pertaining to risk and assess their impact on the Group’s portfolio risk profiles.
• Supporting the department head in providing timely and accurate risk information to Risk & Management Committees, external & internal auditors, and the Compliance function as required.
• Assisting internal and external customers with queries related to the Division's products and tasks, and seeking solutions to their requests.
• Maintaining activities in accordance with Service Level Agreements (SLAs) with internal departments to achieve improvements in turn-around times.
• Reviewing and proposing necessary changes to existing portfolio management techniques and procedures for domestic and overseas business, aligned with Basel Committee recommendations, best practices, and regulatory guidelines.
• Leveraging tools, systems, and MIS reports for monitoring limits related to borrowers, counterparties, cross-border Group entities, including excesses, expired limits, facility classifications, related party exposure, credit concentration, liquidity monitoring, and market risk exposures.
• Supporting the correction of any weaknesses identified during assessments, audits, or examinations by internal/external audit staff, Group Compliance, regulators, or Sharia’ auditors.

Operational Risk Management and Analytics

A key aspect of this role involves the independent and objective management of operational risk. Responsibilities include:

• Ensuring the adequacy and effectiveness of operational risk management techniques and processes for the Branch.
• Overseeing the identification, assessment, measurement, monitoring, reporting, and control of all operational risk types.
• Managing specific operational risk categories such as internal and external fraud, employment practices and workplace safety, client and business practices, damage to physical assets, business disruption and systems failures, and execution, delivery, and process management.
• Providing hands-on support and solutions for effective data management, MIS, and analytics evaluations.
• Supporting ALCO and Group Risk Committee requirements and actively contributing to Group Risk Projects and initiatives under the Head of Risk.

Candidate Profile and Requirements

The ideal candidate will possess the following qualifications and attributes:

• A minimum of 5 to 10 years of relevant experience in risk management within the financial sector.
• Demonstrated capability in developing and implementing control frameworks and advanced analytics for various risk domains.
• Professional certifications such as FRM, CPA, or CFA are advantageous.
• Ability to work independently on multiple tasks and projects while maintaining a keen eye for detail.
• Self-motivated, flexible, and capable of working effectively under pressure as a team player.
• Commitment to self-development and staying current with professional field developments.
• Ability to assess performance and facilitate resolution of team grievances or conflicts.

Location and Work Type

This is a full-time position based in Riyadh, Saudi Arabia, offering an opportunity to contribute to a leading financial institution in the region.