About the Role
The Senior Correspondent Banking and Control Officer will be responsible for overseeing the administration and operations of the Correspondent Banking & Control unit, ensuring efficient service delivery, regulatory compliance, and operational excellence within the financial services sector in Qatar.
Key Responsibilities
- Oversee the daily administration and operations of the Correspondent Banking & Control unit to ensure seamless service delivery.
- Monitor and manage correspondent banking relationships, ensuring adherence to international banking standards and local regulatory requirements.
- Implement and enforce internal controls, risk management frameworks, and compliance procedures across all correspondent banking activities.
- Conduct regular audits and reviews of correspondent banking transactions to identify and mitigate operational, financial, and compliance risks.
- Collaborate with internal stakeholders, including compliance, legal, and treasury teams, to ensure alignment with organizational policies and regulatory obligations.
- Prepare and present detailed reports on unit performance, risk exposure, and control effectiveness to senior management.
- Lead and mentor junior staff within the unit, fostering a culture of continuous improvement and professional development.
- Stay abreast of evolving regulatory requirements, industry best practices, and emerging trends in correspondent banking and financial controls.
- Coordinate with external auditors, regulatory bodies, and correspondent banking partners to facilitate smooth operations and timely resolution of issues.
- Develop and update standard operating procedures (SOPs) to enhance operational efficiency and ensure consistency across the unit.
Requirements
- Bachelor's degree in Finance, Banking, Accounting, Business Administration, or a related field.
- Minimum of 7–10 years of experience in correspondent banking, financial controls, or a related banking operations role.
- Strong knowledge of international banking regulations, AML/KYC frameworks, and correspondent banking compliance standards.
- Proven experience in managing internal controls, risk assessment, and audit processes within a banking environment.
- Excellent analytical and problem-solving skills with a keen attention to detail.
- Strong leadership and team management capabilities.
- Proficiency in banking software and financial management systems.
- Outstanding communication and interpersonal skills, with the ability to engage effectively with stakeholders at all levels.
- Fluency in English is required; proficiency in Arabic is a strong advantage.
Preferred Skills
- Professional certifications such as CAMS, CPA, CFA, or equivalent are highly desirable.
- Experience working within the Gulf region's banking and financial services sector.
- Familiarity with Qatar Central Bank (QCB) regulations and regional compliance frameworks.
- Advanced proficiency in Microsoft Office Suite and data analysis tools.
- Demonstrated ability to manage multiple priorities in a fast-paced, deadline-driven environment.