Head of Correspondent Banking

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.

• 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.

• 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.