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Job Description

QNB Group, the biggest bank in Qatar, and a leading financial institution in the Middle East and Africa, is looking to hire a Head of Correspondent Banking, to meet the requirements of the expansion of its office in QNB - Qatar//Doha. QNB Group s presence through its subsidiaries and associate companies now extends to more than 30 countries across 3 continents, providing a comprehensive range of products and services. The total number of staff is more than 28,000 operating from over 1200 locations. Role Summary: The incumbent will be responsible on overseeing and supervising the global relationships with Financial Institutions and directing the correspondent banking relationships while adhering to the Bank s global and international strategy. Role Description: Major responsibilities of the Head of Correspondent Banking: • To position the bank as the first choice in the correspondent banking business. • To leverage the bank s international network and source Vostro Accounts from correspondent banks. • To Optimize and harmonize QNB inward-outward payments by working closely with Group Operations and Transaction Banking. • To manage all correspondent banking activities and develop/update proper AML/KYC procedures for banks which have relationships with the business and benchmark it with international best practices. • To review AML and Compliance on an annual basis for FI Nostro/Vostro Correspondents and do a comprehensive due diligence on all banks with whom QNB has Nostro and Vostro account relationships as well as non-core banks once a year (especially in high risk countries). • To provide key data to establish and strengthen the bank s core relationship with worldwide correspondent banks and financial institutions. Main required key competence and Skills: • Sound knowledge of banking platforms, clearing streams, SWIFT. • Well-developed understanding of correspondent banking payments and trade businesses. • Strong knowledge of Treasury and Trade products. • Working knowledge of Banking policies and ability to identify potential issues to be addressed. • The ability to work closely with product managers, coverage, Transaction banking and Group Operations teams to structure deals for QNB clients. Qualifications: Required Skills and Qualifications: • You should possess at least Bachelor degree Masters holderes are preferred. • To be considered for this role, candidates must possess a graduate degree from an accredited university with solid exposure to Correspondent Banking, Transaction banking, FIG, Compliance and AML and must have over 10 years of banking experience with at least 5 years in FIG in a leading bank. • Experience with the concept of cross-sell and relationship management are essential. Knowledge of cash management and capital market instruments, syndication and documentation will be crucial . • Excellent English communication, both written and verbal is essential.