AVP- Business Finance Full Time

Job Description

The GTB Business Finance function is responsible for all finance matters specific to the GTB – business including, but not limited to, Performance, Control, Forecasting, Budgeting & Strategy. In addition, the function provides a key support role to other Group Finance functions, Treasury, Central FP&A, Tax as well as Financial & Regulatory Reporting.




Key Priorities Of This Role Include

• Support GTB Business Finance in implementing a strong financial governance framework across the UAE and International locations encompassing performance reviews, budgeting process, financial control, regulatory and internal audit matters, country strategy and internal / external communication.
• Act as a trusted advisor on business performance and main point of contact for responding specific business requirement.
• Providing in-depth Financial Analysis for Global Transaction Banking (GTB), provide value added insight & support to business in achieving their target.
• Contribute fully to transforming FAB Finance through engagement in various transformation initiatives.

Effectively coordinate, communicate, and build excellent relationships with key stakeholders across Finance and GTB Business.

Key Accountabilities

• Financial Control & Governance Oversight
• Review GTB daily P&L, investigate, and Analyse the Variances. Any material variations to be flagged and remediated with relevant Operations and IT team.
• Regularly assess and investigate, when required, the integrity of financial information.
• Assist Account controller to manage and review all accounts that falls under GTB business. Perform Conformance testing on a sample list of accounts in coordination with GFC.
• Ensure Group AOV policy is fully adhered to and confirm appropriate classification of accounts and ageing.
• Provide attestation and ensure sign-off in One FC in a timely manner without any red flags.
• Coordinate with GFC to maintain and support the framework of financial controls.
• Ensure zero unsatisfactory audit point.
• Maintain SOP’s for all processes and tasks that falls under GTB business finance, documented with relevant approvals
• Review and ensure GTB product papers covering Trade, Cash and OD are appropriately reflecting detailed accounting schema including VAT containing GL, product category.
• GTB Projects & BRD’s Review
• Support HoGTB Finance in reviewing the Capex, P/L benefits such as revenues, cost savings and KPI’s are appropriately captured in BCD documents.
• Assess profitability of new projects and challenge business on ROI
• Maintain repository of approved BRD’s to review at a later stage to challenge business.
• Work with GTB Channels and product team to gain full understanding of projects and its benefits.
• Collaborate with business and CPMO on Value reporting of projects that went live.
• Critically assess KPI’s once the projects are live on an ongoing basis.
• Develop GTB Projects Capex reports providing a view on YoY spending and challenge business on benefits accrual.
• Performance Reporting & Exception reports
• Work closely with FPA & FR to develop exception reports to ensure integrity of financial and management reporting. Eg: Negative Income
• Collaborate with FP&A to design and develop new MI reports that provides new perspective.
• Liaise with GT on FTP related queries from business covering Trade products.
• Assist HoGTB in reviewing and developing analytics around ECL & RWA to proactively monitor and assess if there any optimisation initiatives.
• Liaise with Trade Risk distribution team and ensure risk participation payouts are accrued in respective period without any lag.
• Work with Risk and CAD to ensure Risk distribution numbers are consumed for cRWA calculation.
• Transformation and Continuous Improvement
• Support ongoing finance transformation projects in liaison with wider finance teams such as UAT participation etc.
• Seek to identify and recommend changes that improves Customer Satisfaction and productivity.

Qualifications

Minimum Qualification

• Professional qualifications preferred e.g. ACA, CPA, MBA
• Self-starter, with experience in financial analysis and performance analysis desired
• Strong presentation skills and adept in MS Productivity tools e.g. MS PowerPoint and MS Excel
• Technical knowledge of Corporate & Investment Banking products. Senior level of experience in finance, analysis, strategic planning, banking and financial markets with ability to interpret key bank ratios and economic indicators.
• Proven ability in direct management of a finance team from a leading International Bank(s)
• Proven ability in liaising & dealing with Business leaders, G-CFO, Enablement heads, Auditors & external consultants.
• Excellent communication skills with a high degree of personal integrity who can deliver under pressure
• Commercially oriented mind-set and keen awareness of significant trends in financial markets and banking
• Ability to use and apply key strategic concepts, models and tools.

Minimum Experience

• 8 years’ relevant experience from a leading international bank(s)