Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.
We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
To manage and oversee all finance activities of Bahrain Branch and work closely with the Group Finance stakeholders to ensure accurate, timely and compliant financial records. The Head of Finance is responsible for:
• Managing the Finance Function of the respective country in line with GF polices.
• Supervising the preparation and presentation of Quarterly and Annual consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) & Local accounting GAAP.
• Ensuring the compliance with local regulatory reporting requirements and is responsible for completion of reviews related activities in line with implementation of the Financial Control and Governance Framework.
• Supervising the local Financial Control in the implementation of the Financial Control and Governance Framework (FRCF) in line with HO directives.
KEY ACCOUNTABILITIES:
Financial Reporting
➢ Supervise the preparation and presentation of annual consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) or Local accounting GAAP
➢ Review the generated monthly accounts (Trial Balance) after making appropriate adjustments.
➢ Manage the Group financials & management reporting requirement & timely submission of the same.
➢ Keep abreast of technical developments relevant to the finance function including changes affecting reporting
➢ Manage and direct the country’s external relationship with external auditors
Regulatory and Taxation Reporting
➢ Ensure that all Regulatory reporting requirements are met with timely delivery to all internal and if applicable external stakeholders
➢ Manage the process of preparing regulatory returns in compliance with the respective country regulatory requirements and provide the information required for the group reporting.
➢ Ensure on time submission of tax reporting as per respective regulatory and Head Office requirements.
➢ Manage the Basel reporting processes in co-ordination with Group Finance and RMD
Management Reporting
➢ Provide analysis of country/unit performance by LOB/customer segment & other KPI including insight to customer revenue contribution & is aligned to group reporting.
➢ Investigate all material variances vis-à-vis previous month's submission to ensure numbers make sense and pro-actively prepare for queries by regulatory authorities & internal stakeholders.
➢ Reviewing the overall accounts through analytical review process & sense check, wherever discrepancy have been noticed the same needs to be investigated for.
➢ Review product programs and functional designed document from finance perspective for accounting and reporting aspects.
➢ Ensure that all Management reporting requirements are met with timely delivery to all internal and if applicable external stakeholders. This includes budgets, forecasts, and actuals.
➢ Ensure the cost allocation framework for enablement functions meets local and group requirements
Business Partnering
➢ Provide financial advice to Country CEO (C-CEO) through attained business acumen
➢ Play leadership role in assisting C-CEO maintain and enhance, where required, financial performance of Bahrain utilizing, whenever possible, thought leadership and insight
➢ Support (leading where appropriate) CEO, local and Regional business heads and Group to achieve the Region's and Groups Strategic objectives
Control Environment
➢ Ensure regular process of AOV (Account ownership Attestation) is followed
➢ Responsible for compliance with Group's ORM policy framework which includes Annual RCSAs
➢ Ensure completion and rectification of internal and external audit comments within target dates and in line with Group Financial Control and Governance Framework.
➢ Monitor Capital & Liquidity Regulatory Ratios.
➢ Represent and participate in local country ALCO and Management Meetings as required.
➢ Monitor the operational efficiency and effectiveness of the unit from a governance and control perspective driving improvements and changes where appropriate
➢ Manage direct Finance internal stakeholder relationships Internal Audit, Compliance, Risk
➢ Prepare monthly review of all general ledger reconciliations ensuring proper governance over the management information reported
Financial Operations / Activities
➢ Act as Country CEO’s senior Finance Partner / Advisor.
➢ To be a member of the following Committees (where applicable):
o Senior Management Team (EXCO)
o Asset & Liability (“ALCO”)
o Risk Management Committee (BRCC)
➢ Supervision of day-to-day branch accounting and expense payment
➢ Ensure Fixed Assets management.
➢ Prepare annual budget and forecast submission.
➢ Prepare the Performance Report/Presentation as and when required by Country management as well as international.
➢ Ensure completion of activities related to systems implementation / other project initiatives such as documentation of business requirements and user acceptance testing from finance function perspective.
Job Context:-
Specific Accountability & Performance Measures including (not exhaustive)
▪ Timely submission of regulatory reports with no errors (PIR, BR-21, Statistical Return, NPL, etc..)
▪ Budget & forecast preparation through active coordination with Group Finance
▪ Leading ALCO meetings & presentations
▪ Submission of VAT return on quarterly basis
▪ Monthly review of all VAT transactions
▪ Monthly closing process leadership & closure
▪ Fixed asset management
▪ Manage external auditors
▪ Financial statements publication
#LI-MA3
Minimum Qualification
▪ University Degree in Finance / Accounting / Economics or a relevant subject
▪ A professional qualification (CPA, CA, ACCA) or equivalent
Minimum Experience
▪ Minimum 10 years of core post qualification experience in banking / finance sector performing financial regulatory / reporting activities within finance function in a similar supervisory role
▪ Systems knowledge – Advanced level of Excel expertise, well verse with MS Office.
▪ Possesses senior managerial experience & strong leadership & communication skills.
اطلب مساعدة الخبراء لكتابة سيرة ذاتية مميزة.