QNB3555 - Senior Vice President - Finance (Saudization

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.

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 Senior Vice President (SVP) will manage all aspects of finance of the local operations and provide support to the Head Office
- International Finance Department in all areas of Bank’s business financials in the assigned location. The SVP is one of the primary points of contact with the regulatory authorities and the external and internal auditors and is key in ensuring good relationships with such bodies. Responsible for managing the local tax framework of the bank. The SVP ensures good corporate governance is applied throughout the organization.

Applies insight and understanding to the financial performance of the banks business in that company and contributes to the strategic and day to day commercial decision making process.

• Shareholder & Financial:
• Ensure timely and accurate information as well as disclosure of all material matters concerning the operations.
• Develop mechanisms designed to ensure compliance with all relevant local laws and regulations and also international laws and regulations.
• Act within the limits of the powers delegated to the incumbent and monitor that respective heads exercise the same in respect to the Financial Delegation of Authority.
• Assist Country CEO in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to the financial reporting related process and monitor the achievements of its individual departments/ units on periodic basis.
• Provides leadership on creating Key Performance Indicators (KPIs) for the departments under the incumbent’s supervision for performance monitoring purposes
• Observes and promotes cost consciousness and efficiency, and enhance productivity, to minimize costs, avoid wastes, and optimize benefits for the bank
• Customer (Internal/External):
• Establishes and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are compliant.
• Establishes and enhance relationships with tax authorities to ensure that all statutory requirements are compliant.
• Liaises with external auditors on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends, impacts of proposed accounting standards etc.
• To assist customers in all their queries on Bank’s product and seek solution to their requests
• Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/ units to achieve improvements in turn-around time.
• Build and maintain strong and effective relationship with all other related departments and units to achieve the Group’s goals/objectives.
• Provide timely and accurate information to the external and internal Auditors, Compliance, Financial Control and Risk Functions as and when required
• Internal (Processes, Products, Regulatory):
• Ensures maintenance of general accounting, cost accounting, payroll, payables, and receivables.
• Ensures accurate and timely recording and reporting of operating results.
• Provid…