QNB3555 - Senior Vice President - Finance (Saudization)

QNB3555 - Senior Vice President - Finance (Saudization)

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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 by leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The bank has also received 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.

Job Summary

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 the bank’s business financials in the assigned location. The SVP is one of the primary points of contact with regulatory authorities, external and internal auditors, and is key in ensuring good relationships with such bodies. The SVP is responsible for managing the local tax framework of the bank and ensuring good corporate governance is applied throughout the organization. The SVP applies insight and understanding to the financial performance of the bank’s business in that country and contributes to strategic and day‑to‑day commercial decision‑making processes.

Main Responsibilities

• Shareholder & Financial : Ensure timely and accurate information and disclosure of all material matters concerning the operations.
• Develop mechanisms designed to ensure compliance with all relevant local and 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 process, and monitor the achievements of individual departments / units on a periodic basis.
• Provide leadership on creating KPIs for departments under the incumbent’s supervision for performance monitoring purposes.
• Observe and promote cost consciousness and efficiency, enhance productivity, minimize costs, avoid waste, and optimize benefits for the bank.
• Establish and enhance relationships with regulatory authorities to ensure compliance with all regulatory reporting requirements.
• Establish and enhance relationships with tax authorities to ensure compliance with all statutory requirements.
• Liaise with external auditors on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends, impacts of proposed accounting standards, etc.
• Assist customers in all inquiries on bank products and seek solutions to their requests.
• Maintain activities in accordance with service level agreements (SLAs) with internal departments / units to achieve improvements in turnaround time.
• Build and maintain strong, effective relationships with all other related departments and units to achieve the Group’s goals and objectives.
• Provide timely and accurate information to external and internal auditors, compliance, financial control, and risk functions as required.
• Ensure maintenance of general accounting, cost accounting, payroll, payables, and receivables.
• Ensure accurate and timely recording and reporting of operating results.
• Provide financial analysis, interpret variances from budgets and standards, and advise management.
• Set up, document, and review financial control procedures.
• Control supplier payments and ensure payments are made on time with proper administration of the administration system.
• Ensure accurate reconciliation of accounts to give operational support to all areas and minimise the costs of maintaining the accounts.
• Ensure monthly, quarterly, and half‑yearly returns are submitted on time and action is taken when required.
• Responsible for the annual budget for the allocated country and monitoring variances to actual vs budget throughout the year.
• Responsible for monthly MIS reporting to the head office.
• Ensure accurate and timely presentation of all head office and external regulatory reporting.
• Review balance sheets, profit & loss, and other reports regularly.
• Support local ALCO‑related activities as applicable.
• Responsible for tax compliance, including direct, indirect, employment, and withholding taxes.
• Maintain the bank fixed‑asset register, add new assets and disposals, and update depreciation records.
• Ensure timely processing of vouchers and maintenance of relevant records.
• Monitor and update bank expenses on a regular basis.
• Develop and follow up on the yearly budget for the bank.
• Ad‑hoc reporting as required.
• Continuous improvement : Lead improvement initiatives through cross‑functional teams, encourage best practices beyond industry standards, foster out‑of‑the‑box thinking, and reward innovative ideas in day‑to‑day issues.
• Learning & knowledge : Possess excellent knowledge of finance‑related business processes and controls in all operational areas; maintain an understanding of pertinent regulations and best practices pertaining to financial and management reporting; sound knowledge of local tax regulations, practices, and IFRS; proactively identify professional development opportunities; hold regular performance meetings with staff.
• Legal, regulatory, and risk framework responsibilities : Comply with all applicable legal, regulatory, and internal compliance requirements, including Group compliance policies (AML, CTF, sanctions, data protection, fraud control, whistle‑blowing, conflict of interest, insider dealing); understand and perform your role under the Three Lines of Defence principle; ensure systematic good outcomes for clients per Conduct Risk policy; support RCSA, KRI, incident reporting, and remediation in accordance with operational risk management requirements; maintain knowledge to qualify for the role; complete mandatory training; attend mandatory seminars; uphold high standards of data protection and confidentiality; maintain high professional standards to uphold QNB’s reputation and strengthen market leadership.

Education And Experience Requirements

Required Special Skills

Note : you will be required to attach the following

Seniority level

Employment type

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