Banking Sector in Qatar: Your Job Search Begins Here
Banking sector in Qatar has been one of the rapidly growing sectors in the country. Expanding in line with the country’s economic growth, the Qatari banking industry has evolved in terms of the regulatory framework and corporate governance.
Banks in the country deploy the best of banking technology that offers benefits to its customers. Those looking for a lucrative career abroad can find banking jobs in Qatar as the most promising. Banks offer a broad range of products and services to customers in different segments such as Project Finance, Corporate banking, Retail banking, Asset Management and Private banking. This creates numerous job opportunities for job seekers in various segments of the banking sector.
Qatari banks have successfully expanded their global reach, thus offering career opportunities to people from across the globe.
Top Banking Institutions in Qatar
If looking for a job, why not to look for the best employers! The top five Qatari banks that can be a great career provider for you include:
- Qatar National Bank (QNB)
Founded in 1965, QNB is 50 per cent owned by the government via the Qatar Investment Authority (QIA). Known as the first locally owned commercial bank in Qatar, QNB posts various jobs to invite the job seekers in various segments, including Treasury, Retail Banking, Corporate Banking, and Wealth Management.
- Commercial Bank of Qatar (CBQ)
CBQ operates in wholesale and retail banking. It captured around 10 per cent of the market and held assets worth QR115.7bn ($37.1bn) in 2014. The bank operates in Retail and Wholesale banking and its services support companies, public sector and individuals in the international and Qatari market. CBQ makes strategic investments through its subsidiaries and associates. Commercial Bank is committed to provide training, career opportunities, and development for its employees and help them reach their professional and personal growth.
- Qatar Islamic Bank (QIB)
QIB is a fully sharia-compliant Qatari bank founded in 1982. Emerging as Qatar’s first Islamic financial institution, QIB is one of the largest Islamic banks in the MENA region and has 31 branches operating in the country. As of June 2015, total assets of the bank reached 116 billion and holds more than 10 per cent share of the overall banking market.
- Masraf Al Rayan
Beginning its journey in 2006, Masraf Al Rayan is a relative newcomer. Committed to protecting and growing the assets of its shareholders and customers, the bank is recognized as the first Qatari bank to achieve the ‘Best New Islamic Bank Award’ by Islamic Business & Finance, 2007.
- Doha Bank
Founded in 1978, Doha Bank is another leading commercial bank in Qatar. It offers excellent career opportunities in the banking sector. It is one of the top financial services providers in the country.
All these five banks have a strong presence abroad and look for talented individuals to work with them. While CBQ acquired 70.84 per cent stake in Turkey-based Alternatifbank, QNB has also marked its strong presence in various locations such as Singapore, China, France, Yemen, Kuwait and Sudan, among others.
Hence, with leading players playing an active role beyond their nation’s borders, there could be no dearth of excellent career opportunities for skilled professionals in the banking sector.