Senior Associate, Asset Management Administration (Qatarization)

About QNB Group

Founded in 1964 as Qatar’s first Qatari-owned commercial bank, QNB Group has expanded into the largest banking institution across the Middle East and Africa (MEA). With subsidiaries and associate companies operating in more than 31 countries across three continents, the group offers a broad portfolio of modern products and services. It employs over 28,000 people, serves up to 20 million customers, and operates through around 1,000 locations supported by an ATM network of 4,300 machines.

The bank is consistently recognized among the top-rated regional banks by major credit rating agencies such as Standard & Poor’s (A), Moody’s (Aa3), and Fitch (A+). It has also received multiple awards from international financial publications. Based on its strong financial results and growing international footprint, QNB is ranked as the most valuable banking brand in the Middle East and Africa by Brand Finance Magazine. The group also runs an active community support programme and sponsors a range of social, educational, and sporting initiatives.

Role purpose

The role is responsible for delivering asset management custodian services, maintaining accurate records, and preparing reports related to asset management activities in line with the delegated authority.

Key responsibilities

• Support efficiency and cost control by working productively, reducing waste, and helping the bank maximise value.
• Operate strictly within the authority granted for the position.
• Apply KPIs and best practices relevant to the Associate Asset Management Administration function.
• Provide prompt custodial and accounting support for asset management activities to internal and external stakeholders.
• Respond to customer queries related to bank products and help find suitable solutions.
• Work in line with service-level agreements with internal departments to improve turnaround times.
• Build strong working relationships with related units to help achieve group objectives.
• Provide accurate and timely information to auditors, compliance, financial control, and risk teams when needed.
• Keep asset management documents such as licences, prospectuses, articles of association, reports, and records current and updated in the system.
• Handle transfer agency activities, including subscriptions and redemptions, certificate issuance, and maintaining the investor register within the delegated authority and designated asset management responsibilities.
• Record investment purchases and sales instructed by fund or portfolio managers, and verify transactions with brokers or banks when required.
• Process corporate actions and income-related entries accurately and on time so they are correctly reflected in accounting and custody records.
• Manage expense processing according to fund or account fee schedules, ensuring proper accruals and timely payments to relevant stakeholders.
• Update security records accurately and without delay.
• Calculate net asset value (NAV) according to each fund or account pricing schedule.
• Post required ledger entries in line with fund activity and applicable market or fund deadlines.
• Carry out reconciliations for capital stock, holdings, cash, expenses, income, and related accounts, and investigate any breaks by correcting entries or coordinating with the responsible team.
• Assist in preparing financial statements and other required reports.
• Support audit preparation by producing the necessary documentation for audit, reporting, and reconciliation activities.
• Ensure inbound queries are answered within 24 hours of receipt.
• Follow up persistently with internal or external contacts to obtain the information needed to resolve queries.
• Escalate emails and urgent matters to the supervisor when appropriate.
• Assist junior colleagues with task completion where needed.
• Maintain strict confidentiality and comply with operational policies, procedures, document retention rules, and security controls.
• Take initiative in professional development and stay updated on developments in the field.

Education and experience

A university bachelor’s degree is preferred, with a major in Marketing, Banking, Finance, Accounting, Economics, Business Administration, Information Technology, or another related discipline.

Application documents

• Resume/CV
• QID front and back copy
• Passport copy
• Education certificate
• Birth certificate