Senior Vice President Financial Budgeting & Business Planning

Company: Full Time Qatar National Bank (QNB) Sector: Accounting, Finance & Banking
  • Location: Doha, Qatar View on Map
  • Date Posted : April 30, 2024
  • Salary: Negotiable

About the job

Job Purpose Summary:

The incumbent will assume prime responsibility for the group financial budgeting and business planning, analyzing and deploying the latest budgeting/ forecasting tools and developing the Group’s budgetary policy/ framework and the related budgetary, business planning templates and coordinating rating agencies.

Essential Duties & Responsibilities by Dimensions:

  • Shareholder & Financial:
  • Assist the EVP GFSBP to create long-term financial strategies to maximize shareholder value whilst pursuing prudent policies.
  • Develop/implement and monitor annual budgets for all divisions/departments/units of the Group in conjunction with the relevant division/department/unit heads in consultation with the EVP GFSBP.
  • Provide management with regular reports on progress towards targets, flagging variations and performing initial checks on reasons for under/over achievement.
  • Provide inputs in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to personnel responsible for Group Financial Budgeting and Business Planning within Group Financial Control and monitor their achievements on periodic basis.
  • 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.
  • Maintains and Improves relations and communications between the bank and its shareholders, the investing public, media, and other members of the financial community, including financial analysts and institutional investors, to increase the value and marketability of the bank’s share price.
  • Responsible for coordinating all aspects with regard of information flow to Shareholders, Reporters, Analysts and Rating Agencies.
  • Implements KPI’s and best practices for SVP, Financial Budgeting and Business Planning role.
  • Promote cost consciousness and efficiency and enhance productivity, to minimize cost, avoid waste, and optimize benefits for the bank
  • Customer (Internal & External):
  • Coordinate with the various heads of divisions/departments/units to ensure the implementation of the budgeting exercise.
  • Internal (Processes, Products, Regulatory):
  • Oversee the budgeting, forecasting and business planning of Group performance for the domestic and international businesses.
  • Oversee analysis and deployment of the latest budgeting/ forecasting tools.
  • Develop/enhance budgeting and forecasting techniques and maintain budgeting and forecasting standards for the domestic and international businesses.
  • Oversee the development of the Group’s budgetary policy/ framework and the related budgetary templates.
  • Liaise with IT Department to develop/ design MIS reporting pack for budgeting & reporting purposes and submit the same to the Group’s executive management on timely basis.
  • Enhance the quality and consistency of the MIS produced for funds transfer pricing reporting related issue.
  • Identify requirements for updating the MIS and budgeting system and lead on the implementation.
  • Act as lead coordinator for the establishment and/or update of the Euro Medium Term Notes (EMTN) program established by the Bank in overseas capital markets listing authorities (namely) UK Listing Authority (UKLA) and such other data request that may be requested by the overseas listing authorities.
  • Liaise with Joint Lead Managers (JLM’s), Dealers and other external parties (namely Qatar Central Bank, legal counsel, external auditors etc., to ensure timely establishment/renewal of the EMTN programmed
  • Liaise with Treasury and Financial Accounting team with respect to drawdown(s), coupon Payments and principal repayments under the EMTN program.
  • Continuous Improvement:
  • Set examples by leading improvement initiatives through cross-functional teams ensuring successes.
  • Identify and encourage people to adopt practices better than the industry standard.
  • Continuously encourage and recognize the importance of thinking out-of-the-box within the team.
  • Encourage, solicit and reward innovative ideas even in day-to-day issues.
  • Learning & Knowledge:
  • Other:
  • Ensure high standards of data protection and confidentiality to safeguard commercially sensitive information.
  • Maintaining utmost confidentiality concerning customer and internal bank information obtained during the course of business and provide such information on a need to know basis only to Senior Management of QNB, Audit and Compliance functions, and relevant Regulators.
  • Maintain high professional standards to uphold QNB’s reputation and to strengthen its market leadership position.
  • All other ad hoc duties/activities related to QNB that management might request from time to time.

Education/Experience Requirements:

  • Bachelor/ Master degree University Graduate/preferred with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study)
  • At least 15 years of relevant experience, preferably within a highly rated international bank/ at least 6 years in bank in a senior managerial capacity in the financial budgeting & business planning function.
  • Professional certification such as ACCA, CIMA, CPA, CA, CMA, CFA etc. is a plus.

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