Job description

Job Summary

The incumbent will be responsible for supporting the initiation, preparation, processing and execution of Global Structured Finance transactions for the Group’s private corporate and institutional (including government) clientele and thereby facilitating growth and expansion of the corporate banking business.

 He / she will act as one of the Transaction Officers who will be required to support the timely and proper execution of Global Structured Finance transactions assigned to the team by the Regional Head Global Structured Finance or the SVP Corporate & Institutional Banking. He / she will also be responsible for undertaking special tasks and assignments given by the VP Global Structured Finance.

A.            Shareholder & Financial:

-Participate when required, in the formulation and implementation of strategies, business plans and budgets of the Unit in line with overall objectives of QNB Group.

-Support the VP Global Structured Finance and the SVP Corporate & Institutional Banking in the achievement of Key Performance Indicators (KPIs).

-Meet the assigned target budget and achieve all volume, revenue, and profit targets for Global Structured Finance related transactions in accordance with QNB’s overall corporate banking budget and strategy.

-Support credit related decision-making process by ensuring availability of sound and quality information/ analysis necessary for accurate credit risk assessment and mitigation.

-Observes and promotes cost consciousness and efficiency, and enhance productivity, to minimize costs, avoid wastes, and optimize benefits for the bank.

-Manage all assigned transactions and products to maximize product potential and profitability.

-Act within the limits of the powers delegated to the incumbent.

B.            Customer (Internal & External):

-Assists with collection, analysis and storage of relevant business, financial and operational information on the Unit’s borrowers, transactions and bank counterparties and correspondents as required by KYC and other bank and regulatory policies and procedures.

-Conducts proactive gathering, analysis and reporting of market and business information (current market conditions and trends, competitor actions, customer preferences as well as other market and industry developments) through regularly interaction with key market participants (banks, major corporations, government entities) to collect general market intelligence and obtain feedback on QNB's position and stature in the local, regional and international markets.

-Maintains and strengthens relationships with banks, financial institutions, and other market players who are active in the Global Structured Finance industry in order to ensure QNB is well positioned to identify future business opportunities, benefit from business potential and meet business objectives related to Global Structured Finance activities.

-Continually keep abreast with the local, regional and international financial markets and economic environment.  To be informed about potential projects that could translate into possible business opportunities for the QNB Group.

-Maintains good team work, provide support, assistance and cooperation with other members of the Global Structured Finance Department both locally and from the Group structure.

-Builds and maintains strong and effective relationships with all other related units to achieve Group’s goals/objectives.

-Ensures prompt and efficient solution of operational and administrative problems and provide quick and satisfactory response on queries of customers and counterparties when required.

-Provide timely and accurate information to the external and internal Auditors, Compliance, Financial Control and Risk Functions as and when required.

-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.

 C.           Internal (Processes, Products, Regulatory):

-Acts as a support to the main Transaction Officer for the structuring, credit processing, preparation, loan documentation, execution and distribution of assigned Global Structured Finance transactions.

-Assists with data collection for, and preparation of, comprehensive credit proposals, credit and marketing presentations (including customer, business, project, market and or industry information), for new / prospective customers; or periodic reviews and or monitoring of existing customers, in accordance with Credit Policy and procedures of the bank

-Performs verification of information on Global Structured Finance transactions to ensure correctness of data.

-Provides information and support to the team when reviewing the credit worthiness and financial feasibility of the individual project financing proposals based on analysis of current and future market conditions, debt service capability of the expected cash flows and other financial information of the individual borrowers and projects.

-Ensure QNB’s interests are adequately safeguarded before recommending approval of the credit.

-Will assist in the preparation of Credit Summary Report, credit proposals and other credit and business memos, in accordance with Credit Policy and procedures and adequately address all relevant risk factors and ensure that international credit standards, procedures, requirements and practices are adhered to.

-Coordinates with internal and or external legal counsel to ensure that all legal and security documents required by the transactions are complete, prepared in proper format, legally binding and enforceable.

-Liaises when required with the other parties comprising the project financing consortium, which would be dependent on the role assigned to the other parties within the consortium.

-Ensures that copies of duly executed Facility Agreement and other legal and security documents, including conditions precedent, are immediately provided to Credit Department and Agency Unit as per procedures of the bank.

-Provide information for collating and storing information on the Unit's transactions, activities, and performance in a timely, accurate and efficient manner as required by the existing procedures.

-Maintains and updates data base for Unit’s activities, customer contacts, existing and potential clients’ information, transactions and deal pipelines, banking opportunities and other relevant and critical information for the Unit.

-Will provide support for conducting required periodic reviews and updates for existing Global Structured Finance transactions’ performance, and other risk assessment techniques in line with Credit Risk Policies and requirements.

-Maintains and updates standard and user friendly business and financial reports using an internal data warehouse and all relevant public information sources as per Global Structured Finance Unit team requirement and inquiries.

-Builds and maintains strong working relationships with other Departments and functions within the Bank to ensure that any problems and or internal disputes are avoided, or resolved promptly and in an efficient and mutually satisfactory manner.

-Performs cross selling activities to enhance QNB’s overall relationship with customers by coordinating activities with other QNB units/ departments.

-Ensures that all QNB Group policies procedures and regulatory requirements are followed.

-Interprets and applies customer research and feedback into tangible product development initiatives by providing inputs to relevant units of the QNB Group.

-Ensures provision of timely and accurate information to Department Head to be given to the QNB's senior management team, external and internal auditors and the Group's compliance function as and when required or appropriate.

-Performs any other tasks assigned by the direct manager pertaining to Corporate and Institutional Banking Division or QNB’s Global Structured Finance activities.

D.            Learning & Knowledge:

-Takes responsibility for self development as well as acquiring and upgrading skills and knowledge required to fulfillment of one's duties.

-Ensures that he/she keeps abreast with latest technical, financial, industry and market developments affecting his / her job responsibilities in particular and the business and operations of the bank in general.

-Accepts supervision, training, guidance and mentorship from Director of Global Structured Finance to ensure job functions, work output and customer interface are conducted in the highest internationally accepted market standards.

-Seek out opportunities to remain current with all developments in professional field

E.            Legal, Regulatory, and Risk Framework Responsibilities:

-Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).

-Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks.

-Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.

-Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements.

-Maintain appropriate knowledge to ensure full qualification to undertake the role.

-Complete all mandatory training provided by the Bank, attain, and maintain the required levels of competence.

-Attend mandatory (internal and external) seminars as instructed by the Bank.