Job description
Job Purpose Summary:
The incumbent will oversee capital markets & Investment operations; monitor real time trading positions in capital markets, P&L and limits for each portfolio; prepare performance reports and red flags excess limits and notify the appropriate authority.
Essential Duties & Responsibilities by Dimensions:
A. Shareholder & Financial:
- Monitor capital markets transaction for compliance with QNB strategy and limits.
- Act within the limits of the powers delegated to the incumbent.
- Implements KPI’s and best practices for Senior Associate, Capital Market and Investment Operations role.
- Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.
B. Customer (Internal & External):
- Provide assurance to Management and QCB that capital markets transactions are in accordance with QNB’s Investment Strategy and QCB limits.
- Build and maintain strong and effective relationship with the all other related units to achieve Group’s goals.
- 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.
- Provide timely/accurate data to external/internal Auditors, Compliance, Financial Control and Risk when required.
C. Internal (Processes, Products, Regulatory):
- Process all the capital market & FI transactions booked in the system
- Ensure all the vostro/nostro accounts of Financial Institutions are updated in the EPH payment system.
- Monitor front office activities, review transactions for proper approval, follow-up on exceptions to limits.
- Notify appropriate authority of any excesses in limits and ensure timely resolution.
- Ensure that all trading balances are matching.
- Support the VP Capital Markets and FI Operations in the preparation of reports for ALCO’s review.
- Check and process all Islamic deals concluded in Head Office Treasury.
D. Learning & Knowledge:
- Possess an understanding of Capital Markets & FI transactions and types for usage, accounting, balance sheet and off-balance sheet treatment, revaluation methods, liquidity and gapping.
- Possess an understanding of back office/ investment systems for static set-up, processing routines, accounting rules, payment instructions, advises and reporting.
- Proactively identify areas for professional development of self and undertake development activities.
- Seek out opportunities to remain current with all developments in professional field.
Education/Experience Requirements:
Bachelor Degree University graduate preferably with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study
At least 2 years of relevant experience, preferably within a highly rated international bank/ Treasury Settlements/investments control or related field experience.