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QNB2928 - Senior Associate - Transaction Monitoring (Qatarization)

Doha, Qatar
Closing date
May 28, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

Enter Details:
The incumbent will be responsible for performing the annual Management's Assessment on ICOFR as per the regulatory requirements which will be subject to the annual External Auditor's review. This will include developing, implementing and regularly enhancing the ICOFR framework across QNB Group in order to identify, assess and test the controls related to financial reporting as per industry best practices. All efforts should be made to ensure the appropriateness and adequacy of all the ICOFRs across QNB Group in order to secure clean External Audit opinion

Enter Details:
- Implementing the ICOFR Framework across QNB Group's which will include but is not limited to:
  • Determining Materiality
  • Selection of significant financial statement line items and accounts
  • Mapping of significant accounts and disclosure to the related internal processes
  • Applying Risk-based approach for determining key processes and related internal controls to be in-scope for Management Assessment on ICOFR
  • Updating documents for related Processes, Systems and Controls
  • Perform and document walkthroughs for all Key Controls
  • Test the design of the Key Controls
  • Test the implementation of the Key Controls
  • Test the Operating Effectiveness of Key Controls

- Remediate any design deficiencies prior to proceeding with operating effectiveness testing

- Updating Risk and Control Matrix (RCM) for all Internal Controls over Financial Reporting

- Documenting critical information related to the controls e.g. Process Owner, Inherent Risk Rating, Frequency, etc.

- Sample testing based on the QNB Group Sampling methodology

- Creating and updating the test plans to document the results of the Operating Effectiveness testing

- Evaluating the results of the Design & Operating Effectiveness testing

- Agreeing the results with the Process Owners

- Developing a remediation plan to address the observations

Enter Details:
  • Bachelor Degree with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology with professional qualifications such as CFE / CIA / CRMA / CAMS.
  • A minimum of 2 years of experience in a major financial institution or Big 4 audit firm
  • Excellent oral and written communication skills (including report writing) in English and Arabic.
  • Good interpersonal and presentation skills.
  • Understanding of the relevant laws, regulations, and practices.
  • Ability to make decisions and follow through with initiatives.
  • Personal integrity and self-management.
  • Planning, organising, and analytical ability.
  • Results oriented.
  • Strong analytical skills and the ability to communicate both verbally and in writing with all levels of management.

Note: you will be required to attach the following:
1. Resume / CV
2. Copy of Passport or QID
3. Copy of Education Certificate

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