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.
Job Summary
The incumbent will assume prime responsibility for the budgeting, forecasting and business planning of the Group performance for the domestic and international businesses, analysing and deploying the latest budgeting/ forecasting tools.
Essential Duties & Responsibilities By Dimensions
Shareholder & Financial: Assist in leading the annual budgeting process for all divisions/ departments of the Group and also assist in maintaining consistent business planning, budget, and review procedures throughout the Group and monitoring budgetary control systems. Ensure that relevant MIS reports are prepared and presented to the management/the Board on time to enable them to monitor business performance closely and taking timely corrective actions. Implements KPI's and best practices for AVP, Financial Budgeting and Business Planning role. Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank Customer (Internal & External): Coordinate with the various heads of divisions/departments/units to ensure the implementation of the budgeting exercise and to probe major deviations from budget.
Build and maintain strong and effective relationship with all other related departments and units within the Group to achieve the Group's goals/ objectives.
Liaise with the Group's IT Department to ensure budgetary reporting needs of the Group's business lines are timely resolved/attended to, to the extent these are dependent on required system enhancements.
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/effective relationships with related departments/units to achieve the Group's objectives. Provide timely and accurate information to the external and internal auditors and the Compliance function as and when required.
Internal (Processes, Products, Regulatory): Lead budgeting and forecasting activities for the domestic and international businesses and direct the implementation of procedures to support the budgetary control function.
Develop/enhance and maintain budgeting and forecasting tools and techniques for the Group. Ensure adherence to financial control policies and procedures. Liaise with concerned departments and IT Department to resolve all observed inaccuracies in outputs/systems. Identify requirements for updating the budgeting system. Responsible for developing Group's budgetary policy/ framework and the related budgetary templates. Develop and improve budget monitory forms and structures to ensure an accurate and complete budget control process.
Supervise and train unit's personnel to ensure efficiency. Learning & Knowledge: Possess a good knowledge of budgeting and maintain an understanding of all pertinent regulations as well as best practices pertaining to budgeting.
Proactively identify areas for professional development of self and undertake development activities. Seek out opportunities to remain current with all developments in professional field. Develop and train Budgeting team in the appropriate skills to ensure an effective and informative MIS.
Legal, Regulatory, and Risk Framework Responsibilities: Ensure high standards of confidentiality and ethics to safeguard commercially sensitive information. 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)
Required Special Skills
Note: you will be required to attach the following:
Resume/CVQIDEducational Certificates Passport
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