QNB- Vice President, International Treasury - Market

Job Summary

The incumbent will supervise all Money Market activities for the Group’s international operations in a cost‑effective manner in accordance with the Group’s strategy, risk appetite, regulatory requirements, policies and procedures and the delegated authority.

• Shareholder & Financial:
  Complies with approved budgets, policies and procedures in relation to Group International MM operations. Assists in the implementation of annual business plans for the area of responsibility with emphasis on achievement of set targets/objectives, business growth and expansion in the Group International MM Desk. Implements and evaluates best practice work methods in area of responsibility to achieve optimum level of performance efficiency.
  
  Implements KPI’s and best practices for Vice President, International Treasury role. Promotes cost consciousness and efficiency and enhances 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):
  Builds and maintains strong and effective relationships with all other related units to achieve the Group International MM Desk goals/objectives. Provides timely and accurate information to the external and internal auditors, the Compliance function and Group Risk as and when required. Assists in maintaining relationships with key international entities requiring money market services. Assists customers in all their queries on Bank’s product and seeks solutions to their requests.
  
  Maintains activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn‑around time.
• Internal (Processes, Products, Regulatory):
  Performs activities and monitors subordinates in compliance with the department’s policies and procedures for conducting buy/sell deals in various currencies, maintaining/collating MIS pertaining to profitability/revenue, and observing compliance with the applicable limits approved by the Board/its delegated authorities. Monitors/performs trading 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 counter parties on behalf of the Group’s international operations.
  
  Ensures compliance to set Money Markets limits for each international entity and recommends any changes to the SVP, International Treasury, when required. Follows up on the timely processing of Group International MM deals in coordination with Treasury Operations. Provides pricing support for subsidiary departments and branches in foreign currency MM products. Monitors gap positions for each subsidiary, and ensures positions are within QCB guidelines.
  
  Supervises the production of daily rate sheets. Assists the SVP, International Treasury in the provision of MM solutions to meet customers’ and the Group International hedging requirements. Manages the process of preparing daily rate sheets. Monitors and analyzes the international markets to be able to trade profitable positions and advises direct subordinate within the delegated authority. Supports in the provision of accurate reporting of P&L figures of all MM activities and revalues outstanding positions to EVP, Group Treasury Trading on a daily, weekly and monthly basis.
  
  Is involved in the structuring of MM products, as and when deemed necessary by the SVP, Treasury Structured Products and Derivatives, in consultation with SVP, International Treasury.
• Learning & Knowledge:
  Monitors performance of direct reports and guides them in managing their performance by providing appropriate feedback. Identifies related areas for professional development of self and all direct reports, and acts to enhance professional development of self and others. Seeks out opportunities to remain current with all developments in professional field.
• Legal, Regulatory, and Risk Framework Responsibilities:
  Complies with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF,…