Summary
QNB is seeking a Senior Vice President to lead its Strategy Development team and manage strategy assignments across the Group’s businesses and international network. The role covers regional, country and business-unit strategies, from project planning and analysis through recommendations and implementation, as well as support for business planning and Executive Management and Board requests. The successful candidate will lead project teams, engage senior stakeholders and oversee performance, development and risk-related responsibilities. Requirements include a bachelor’s or master’s degree, preferably an MBA, at least 15 years of experience and at least 7 years in strategy development.
The posting
As published on qnb.com. Pulled from the employer's site and shown as they wrote it.
Job Purpose Summary:
The incumbent will be part of senior leadership responsible for independently leading and managing the Strategy Development team under Strategy and Business development department. Responsibilities include owning, leading, managing and executing the portfolio of strategy assignments for group wide business/ support divisions or countries across QNB Group’s international network with minimal supervision. These would be managing the full portfolio of strategy assignments such as full-scale regional strategies, individual country strategies (for all applicable lines of business) or business unit strategies. The incumbent will also be responsible to support any specific requests and mandates coming from the Executive Management, including GCEO interviews, Board presentations and public documents.
Essential Duties & Responsibilities by Dimensions:
A. Shareholder & Financial:
- Responsible for managing the portfolio of Group-wide strategy assignments (domestic & international)
- Develop metrics and key performance indicators (KPIs) for performance measurement and monitoring purposes related to assigned strategy and implementation projects on a periodic basis
- Own and lead the development as well as review of the financial plan for strategy assignments
- Assist the SEVP and EVP in identifying, analyzing and monitoring issues that impact or could affect the profitability, growth and productivity of the organization (domestic & international).
- Implements KPI’s and best practices for Senior Vice President, Strategy Development.
- Act within the limits of the powers delegated to the incumbent and delegate authority to the respective staff and monitor exercise of the same.
- Demonstrate clear understanding of the important factors behind the bank's financial & non-financial performance.
B. Customer (Internal & External):
- Own, lead and manage the portfolio of Group-wide strategy assignments such as full scale regional strategies, individual country strategies (for all applicable lines of business) or business unit strategy development
- Ensure the integration of internal and external customer needs and requirements within the strategy assignments and implementation projects
- Lead the interactions with senior internal customers from business divisions, support divisions or country GMs for strategy assignments and implementation projects to ensure smooth management and alignment of deliverables
- Act as a reliable competent contact partner to all business, support divisions as well as country GMs within the delivery of strategy assignments and implementation projects
- Manage other Group Strategy-related activities and mandates, such as supporting yearly business planning, performance management, development of strategic plans across QNB Group, GCEO interviews, Board presentations and preparation of other public documents as requested
C. Internal (Processes, Products, Regulatory):
- Obtain mandates, input and project brief on dedicated strategy assignment and implementation projects from SEVP and EVP
- Align scope, direction and deliverables of strategy assignments and implementation projects with EVP Strategy & Business Development
- Lead multiple strategy projects simultaneously and supervise all project phases
- Develop and prepare set up of specific strategy assignments or implementation projects in terms of content, scope, structure, deliverables, timing, resources and work plans
- Manage project teams on a day-to-day basis to provide guidance, direction and supervision to the project teams to ensure timely high quality and impact delivery
- Guide the Vice Principal
- Strategy Development in the development of hypothesis formulation, analyses, market sizing and baselining exercises, formulation of frameworks and strategic recommendations as well as conclusions
- Review, discuss and align project deliverables with the project teams
- Assist the EVP Strategy & Business Development in reviewing and providing feedback on the performance of the project team, as well as the section’s overall performance on a regular basis and making recommendations as necessary
- Supervise the Strategy Development team as established by the Group. These tasks include participating in the management of all HR issues related to the team such as: team performance, absence management, training needs identification and other requests
- Constantly endeavor to implement industry best practice standards within the development of strategic recommendations and governance frameworks.
- Bring in significant leadership to the division/department, ensuring that effective controls and resources are available to manage and control work volumes.
- Manage recruitment, provide motivation, guidance to employees and reinforce high standards concerning performance, and adherence to the Bank’s values and mission.
- Manage strong/effective relationships with related departments/units to achieve the Group’s objectives
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 recognise the importance of thinking out-of-the-box within the team.
- Encourage, solicit and reward innovative ideas even in day-to-day issues
D. Learning & Knowledge:
- Identify any areas for professional development of self and all direct reports, and act to enhance professional development of self and others
- Ensure the provision of relevant guidance, direction and training to subordinates to develop and enhance their skills
- Assess performance of direct reports and provide regular feedback on their development (including recognizing strengths and providing challenges)
- Demonstrate ability to provide the team with support, direction and vision, including motivating people to perform, listening to people
- Maintain a high level of knowledge about banking processes, regulations, and generally accepted operating practices. Research industry topics and react by recommending changes to products, services, and systems - Possess a superior knowledge of strategy and business development techniques/ tools and methodologies including various strategic frameworks, concepts and practices
- Complete all mandatory training or seminars provided by the Bank, in order to attain and maintain the required levels of competence
- Carry out other similar duties that can be defined within the broad functional job and functional responsibilities outlined above. These may include providing all necessary training to the department staff and handling special missions assigned by the management
E. Legal, Regulatory, and Risk Framework Responsibilities:
- Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).
- Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks.
- Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.
- Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements.
- Maintain appropriate knowledge to ensure full qualification to undertake the role. - Complete all mandatory training provided by the Bank, attain, and maintain the required levels of competence.
- Attend mandatory (internal and external) seminars as instructed by the Bank.
Education/Experience Requirements:
- Bachelors / Masters (Masters preferred) and MBA from leading academic institution
- Minimum 15 years work experience with a demonstrable track record of at least 7 years in a strategy development role and most recently as a Senior Manager, either from top-tier strategy consulting firms such as McKinsey & Co, BCG, Bain & Co, Booz & Co, Oliver Wyman, Roland Berger etc. or from a similar environment of a well-renowned international financial services institution
- Demonstrated career development and progress, together with excellent team leadership skills and potential
- Proven track record and substantial management experience in managing and leading strategy assignments from concept to implementation
- High degree of analytical and methodological-conceptual skills