Page 44 - Annual Report 2022 EN

/ 44 T ABLE OF C ONTENT S

Roles and responsibilities

of each department

The Macroprudential Analysis department

assesses and analyses key global, regional

and domestic macro-economic, financial

and political developments and trends, as
well as relevant international regulatory

and infrastructural developments.

The Enterprise Risk Management (ERM)
department oversees the QFCRA’s risk governance

and risk register and reports to the Audit and Risk

Committee on the key risks facing the QFCRA and

the risk controls to mitigate the identified risks.

The Financial Sector Strategy Office (Ro’ya)

department prepares the QFCRA’s input into

the joint Strategic Plan for Financial Sector
Regulation and represents the QFCRA on the joint

strategy committee which also comprises the

QCB and QFMA. The department provides project

management office support to manage various
financial sector regulatory initiatives with additional

support provided by three staff members seconded

from QFMA, QFCA and Qatar Stock Exchange.

The Internal Audit department develops

and implements an independent and objective

assurance and advice service to the Board of

Directors of the QFCRA and senior management
to assist them in their responsibilities to comply

with industry leading guidelines and best practice.