QNB – Job Description
Position:
Job Number:
Entity:
Direct Supervisor (Solid):
Direct Supervisor (Dotted):
26 March 2012
Senior Dealer International Treasury
QARTRETRM011
International Treasury - Trading – Treasury
Head of International Treasury
N/A
Approved By: _______________________________________ Dated: ________________
Job Purpose Summary:
The incumbent will supervise all Money Market activities for the Group’s international
operations in a cost-effective manner in accordance with the Group’s strategy, risk appetite,
regulatory requirements, policies and procedures and the delegated authority.
Essential Duties & Responsibilities by Dimensions:
A. Shareholder & Financial:
- Complies with approved budgets, policies and procedures in relation to Group
International MM operations.
- Assists in the implementation of annual business plans for the area of responsibility with
emphasis on achievement of set targets/ objectives, business growth and expansion in
the Group International MM Desk.
- Implements and evaluates of best practice work methods in area of responsibility to
achieve optimum level of performance efficiency.
B. Customer (Internal & External):
- Builds and maintains strong and effective relationships with all other related units to
achieve the Group International MM Desk goals/objectives.
- Provides timely and accurate information to the external and internal auditors, the
Compliance function and Group Risk as and when required.
- Assists in maintaining relationships with key international entities requiring money market
services
C. Internal (Processes, Products, Regulatory):
- Performs activities and monitor subordinates in compliance to the department’s policies
and procedures for conducting buy/ sell deals in various currencies, maintaining/ collating
MIS pertaining to profitability/ revenue, and observing compliance with the applicable
limits approved by the Board/ its delegated authorities.
- Monitors/ performs trading in various money market instruments such as deposits, loans,
short-term securities, forward rate agreements and interest rate swaps in approved
currencies and with approved counterparties on the behalf of the Group’s international
operations.
- Ensures compliance to set Money Markets limits for each international entity and
recommends any changes to the Head of MM, when required.
- Follows-up on the timely processing of Group International MM deals in coordination with
Treasury Operations.
- Provides pricing support for subsidiary departments and branches in foreign currency MM
products.
- Monitors gap positions for each subsidiary, and ensure positions are within QCB
guidelines.
- Supervises the production of daily rate sheets.
- Assists the Head of MM in the provision of MM solutions to meet customers’ and the
Group Internationals hedging requirements.
- Manages the process of preparing daily rate sheets.
- Monitors and analyze the international markets to be able to trade profitable positions and
advise direct subordinate within the delegated authority.
- Supports in the provision of accurate reporting of P&L figures of all MM activities and
revalue outstanding positions to Head of Trading on daily, weekly and monthly basis.
- Is involved in the structuring of MM products, as and when deemed necessary by the
Head of Treasury Structured Products and Derivatives, in consultation with Head of
Money Markets.
D. Learning & Knowledge:
- Monitors performance of direct reportees and guide them in managing their performance
by providing appropriate feedback.
Function: Treasury
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QNB – Job Description
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26 March 2012
Identifies related areas for professional development of self and all direct reports, and act
to enhance professional development of self and others.
E. Other:
- Ensures high standards of confidentiality to safeguard commercially sensitive information.
Education/Experience Requirements:
- Bachelors Degree in Business, Finance, Mathematics, or Economics.
- MBA, CFA, or a related professional certification is a plus.
- 5 years experience in active MM dealing room, preferably in the Gulf.
Required Special Skills:
- Excellent oral and written communication skills in English and Arabic (preferable).
- Good knowledge of a range of MM products.
- Good MS Office skills (Word, Excel, PowerPoint).
- Knowledge of the international MM markets and currencies.
- Understanding of hedging techniques.
- Analytical and problem solving skills coupled with decision making ability.
- Understanding of pertinent international and local laws, regulations and practices.
- Good interpersonal skills.
- Ability to motivate and lead teams from diverse cultural backgrounds.
- Must be able to work effectively under market pressures whilst maintaining risk control
and limit compliance.
- Undoubted ethical awareness and conscious of risks being undertaken.
- Profit and results driven.
Operating Environment/ Location:
- The referenced position will be based in Qatar and will involve liaison with the support
functions at HO and personnel at Group International operations.
Framework and Boundaries:
- Group’s overall strategic plan.
- International operations strategic plan.
- Budgetary/ scorecard targets.
- Dealer mandate and Code of Conduct.
- Applicable policies and procedures.
- Group’s limits.
- Relevant regulatory pronouncements of the applicable local and international regulators
and related best practices.
- Delegated and re-delegated authorities as per the delegation of authority structure.
- Instructions of Head of Money Markets.
Communications and Working Relationships:
- Reports to the Head of Money Markets on an ongoing basis provide progress updates,
receive instructions and guidance, resolve trading issues and receive higher approval
where needed.
- Frequent contact with subordinates to receive progress updates, provide instructions and
guidance, resolve trading issues and provide higher approval where needed.
- Works with subsidiary departments to meet their liquidity and MM requirements.
- Maintains close working relationships with international, regional and local banks and the
Group’s operations.
Supervisory Responsibilities:
Solid line reporting:
- Supervises the activities of the Dealer International Treasury.
Dotted line reporting:
- N/A
Function: Treasury
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