Job Purpose 

Overall responsibility for all financial accounting, regulatory compliance as well as liaison with internal and external auditors and Bank examiners. Responsible for the planning and budgeting process for the Bank as well as periodic monitoring of performance against set targets, and control environments. The role assists the Head of Finance in delivery of key responsibilities such as strategy setting, monitoring and follow up. Responsible for driving financial results by partnering with the businesses through periodic performance reviews, help set targets and forecasts. Responsible for Management Information Systems to deliver detailed reports and analysis of the performance of business segments, branches, relationship management and distribution channels. Also responsible for driving cost and revenue optimization and analysis.

Key Responsibilities

Financial and Regulatory Reporting

• Technical and managerial support in respect of the Bank to the Head of Finance as well as to the Group Finance Function in Dubai.
• Keep senior management informed of all new accounting policies and procedures and reporting rules and regulations and their implications.
• Responsible for the preparing quarterly and year end statutory accounts and statutory audit.
• Responsible for the preparation of Financial Accounts for management review, Group reporting and production of Board papers.
• Serve as a focal point of accounting and aid with interpretation of financial data.
• Provide management support in the development of the strategic operating plan by analysis of the business drivers for both revenue and expenses.
• Develop strategic financial procedures to provide the basis for management decisions and control and maintain integrity of accounting practices, reporting and disclosure.
• Collation and preparation of the budgets at organization level and breaking it down to business segments, products, cost centers and operating units.
• Participate in the research and analysis of proposed and existing business transactions to determine impact on profitability.
• Support business mission proactively while providing independent judgment necessary to meet corporate objectives and policies.
• Anticipate changes in economic and business climate; analyze implications of changes in relation to the business.

Management Reports

• Coordinates the preparation of Management accounts and reporting including Cost allocation, Funds Transfer Pricing engines at granular levels to enable the production of Scorecards and Dashboards, Business MIS, Business segment / product and customer profitability reports and other cube reports for Corporate Bank, Retail Bank and Treasury segments

Control environment

• Internal financial controls and policies, standards & procedures, General Ledger standards and controls, Contribute to Risk Management – Market Risk, Credit Risk, and Operational Risk. Financial data processing – integrity, accuracy, sufficiency, Systems security, Department Operating Instructions and process flows, Key Control Standards, Key control Self-Assessment, Key Risk Indicators, systems logical access control

Capital planning and investor relations

• Capital structure planning and management. Build strong relations with institutional and private investors for Tier I and Tier II capital.

Relationship Management

• Contact person for relationship management with regulators, central banks, tax authorities, external auditors, business managers and support functions

Strategy and Planning 

• Responsible for supporting the Head of Finance in delivering the Banks strategy
• Put in place mechanism for monitoring progress to strategic retention of staff
• Support HR in performance management by alignment of Balance Score Card to the Bank’s strategic intent

Requirements

Education and Professional Qualification Requirements

• University Degree in Finance, Accounting or Business Studies.
• Fully qualified Certified Public or Chartered Accountant or similar qualification.
• Master’s degree in finance, Accounting, or Strategy or Business Studies is and added advantage

Skills and Competencies

• Excellent interpersonal skills and good verbal and written communication skills.
• Excellent analytical thinking with integration skills to increase the effective use of Management data.
• Excellent numerical skills.
• Good computer skills, especially MS Excel.
• Negotiation and presentation skills.
• Creative, with initiative, flexible and able to work under pressure.
• Strategic Planning skills
• Strong decision-making ability is required on the application of local regulations and bank policies.
• Interpretation and application of IFRS and IAS

Work Experience & Other Requirements 

• Minimum 7 years post qualification experience in an accounting or audit environment in a Financial Institution of which 3 years must be at Senior management level.