QNB- Senior Manager Third Party Risk Management; Qatarization

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.

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.

The incumbent will assist the VP Third Party Risk Management to provide both due diligence and due on-going monitoring of Third Party Service Providers to the group. As the Associate Third Party Risk Management, your primary responsibility will be to oversee and manage the bank's relationships with external vendors and service providers, ensuring compliance with regulatory requirements and minimizing risk exposure.

You will be responsible for designing and implementing risk management strategies, policies, and procedures, as well as providing guidance and support to business units throughout the organization. Your role will be critical in maintaining the bank's reputation and financial stability.

• Oversee Third Party (Vendor and Outsourcing) as part of Second Line Operational Risk to ensure effective set up and implementation of the framework, its maintenance and development.
• Assist the Group VP Third Party Risk Management in the setup, oversight and execution of the framework by business owners to ensure the risks of the individual relationships are understood and monitored by them.
• Assist the VP Third Party Risk Management in creating Key Performance Indicators (KPIs) for performance monitoring and quality measurement purposes for both the Operational Risk Department & Businesses and monitor their achievement on periodic basis.
• Assist the VP Third Party Risk Management in the set-up, oversight and execution of the framework by business owners to ensure the risks of the individual relationships are understood and monitored by them;
  Should include but not be limited to;
• Development and oversight implementation of a comprehensive inventory of all third parties with whom QNB Group has a relationship.
• Development and oversight implementation of a comprehensive cataloguing of specific customer risks to which third parties can expose QNB.
• Development and oversight implementation of a risk based segmentation of the supplier base.
• Development and oversight implementation of rules based due diligence testing.
• Development and implementation of a disciplined governance and escalation framework.
• Development and oversight implementation of Integrated technology and MIS workflow process and tools.
• Implements KPI’s and best practices for Third Party Risk Management.
• Promote cost consciousness and efficiency and enhance productivity, to minimise…