QNB3555 - Senior Vice President - Finance (Saudization)📣 Job Ad
in Qnb Group
about 2 hours ago
about 2 hours agoShare
 | Contract Type | Full-time |
 | Workplace type | On-site |
 | Location | Riyadh |
About the Role
QNB Group, established in 1964, is the largest bank in the Middle East and Africa region, with a significant international presence across more than 31 countries. Renowned for its strong financial performance and high credit ratings, QNB is seeking a highly experienced Senior Vice President - Finance to manage all financial aspects of its local operations in Riyadh, Saudi Arabia. This pivotal role involves supporting the Head Office - International Finance Department, acting as a primary liaison with regulatory authorities and auditors, and ensuring robust corporate governance and financial strategy. The Senior Vice President will be instrumental in applying financial insights to drive the bank's business performance within the country, contributing significantly to strategic and day-to-day commercial decision-making processes. This position is crucial for maintaining QNB's market leadership and upholding its reputation for excellence.
Key Responsibilities
- Manage all aspects of the finance function for local operations, providing comprehensive support to the Head Office - International Finance Department.
- Serve as a primary point of contact with regulatory authorities, external auditors, and internal auditors, fostering strong and compliant relationships.
- Oversee and manage the local tax framework of the bank, ensuring compliance with all relevant regulations.
- Ensure the application of good corporate governance throughout the organization.
- Provide financial analysis and interpretation of variances from budgets and standards, offering strategic advice to management.
- Develop and implement financial control procedures, documenting and reviewing them regularly.
- Ensure the timely and accurate recording and reporting of operating results, including general accounting, cost accounting, payroll, payables, and receivables.
- Control supplier payments, ensuring timely disbursement and proper administration of the Administration System.
- Reconcile accounts accurately to provide operational support and minimize maintenance costs.
- Submit monthly, quarterly, and half-yearly returns on time and take appropriate action as required.
- Be responsible for the annual budget for the allocated country and monitor variances against the budget throughout the year.
- Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to improve turn-around times.
- Build and maintain strong, effective relationships with other departments and units to achieve the Group's goals and objectives.
- Provide timely and accurate information to external and internal auditors, Compliance, Financial Control, and Risk Functions as needed.
- Manage day-to-day business for relevant QNB entities, including audit, tax, accounting, yearly consolidation, supplier management, reporting to the Group, and external provider relationships.
- Prepare and present monthly MIS reporting to Head Office.
- Ensure accurate and timely presentation of all Head Office, external, and regulatory reporting.
- Regularly review balance sheets, profit and loss statements, and other financial reports.
- Support local ALCO (Asset Liability Committee) related activities as applicable.
- Ensure tax compliance, including direct, indirect, employment, and withholding taxes.
- Maintain the Bank's Fixed Asset register, including additions, disposals, and depreciation records.
- Ensure timely processing of vouchers and maintenance of relevant records.
- Monitor and update bank expenses on a regular basis.
- Develop and follow up on the bank's yearly budget.
- Perform ad-hoc reporting as required.
- Lead improvement initiatives through cross-functional teams, encouraging adoption of industry-leading practices and fostering a culture of innovation.
- Possess excellent knowledge of finance-related business processes and controls, and maintain an understanding of all pertinent regulations and best practices in financial and management reporting.
- Maintain sound knowledge of local tax regulations, practices, and IFRS.
- Proactively identify areas for professional development and undertake relevant activities to stay current with professional field developments.
- Conduct regular meetings with staff to assess performance and the function's overall performance.
- Comply with all applicable legal, regulatory, and internal compliance requirements, including Group Compliance Policies and Procedures.
- Understand and perform role under the Three Lines of Defence principle for risk management.
- Ensure systematic good outcomes for clients in accordance with the Conduct Risk policy.
- Support the framework of RCSA, KRI, Incident reporting, and remediation as per Operational Risk Management requirements.
- Maintain appropriate knowledge to ensure full qualification for the role and complete all mandatory training.
- Attend mandatory internal and external seminars as instructed by the Bank.
- Ensure high standards of data protection and confidentiality, safeguarding sensitive information and providing it only on a need-to-know basis.
- Maintain high professional standards to uphold QNB's reputation and market leadership.
Qualifications and Requirements
- University graduate, preferably in Finance, Accountancy, or related subjects.
- Professional qualification such as CPA, ACA, or MBA is preferable.
- A minimum of 15 years of experience, with a preference for a Banking Finance role.
- A minimum of 3 years in a managerial capacity within the financial reporting function.
- Excellent oral and written communication skills, including report writing, in English. Proficiency in Arabic, French, or applicable local language is highly desirable.
Required Skills
- Strong computer skills, with a preference for Advanced Excel skills and banking system expertise.
- Very good understanding of the banking business.
- Sound knowledge of relevant statistics, local banking regulations, and local tax systems.
- Excellent understanding of Risk Management aspects, including Liquidity & Interest Rate Risk.
- Excellent understanding of International Financial Reporting Standards (IFRS).
- Ability to manage external auditors and relationships with external tax authorities.
- Ability to coordinate effectively with several units within the branch to resolve various issues.
- Well-developed analytical skills.
- Ability to deliver results under pressure.
Work Environment and Location
This is a full-time position based in Riyadh, Saudi Arabia. Candidates will be required to attach their Resume/CV, a copy of their Passport, and a copy of their Education Certificate as part of the application process.
Requirements
- Requires +10 Years experience
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