Company Description
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. 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
Job Description
JOB PURPOSE:
The Global Markets Business Finance team comprises Business Unit Control, Valuation Control, Central MI and Change Management teams. The team supports the Global Markets and Group Treasury businesses locally and internationally. The unit falls under the Group Finance department and reports to the CFO, CIB Finance & International.
Key priorities of this role include:
- Contributes to specific tasks relating to digitalization initiatives and projects
- Contributes to all Global Markets rollouts: rollouts of physical trading floors across FAB locations globally as well as the roll out of financial products, processes, systems, and controls
- Assist the GM Business Finance team on trade booking and accounting gaps/issues
- Log and track CRs (accounting and reporting), follow up progress with IT and ensure completion and closure
The Change Management Team is responsible for pioneering digital transformation initiatives targeted at implementing controls and increasing operational efficiencies. The team leads major initiatives relating to international roll-out projects, new products roll-out, as well as transformation projects, processes re-engineering and systems’ change requests. AVP-Head of Change Management is expected to contribute to specific tactical and strategic initiatives, in addition to logging, tracking, and addressing change requests tackling accounting and reporting issues.
KEY ACCOUNTABILITIES:
Team Supervision
- Assist in providing guidance to colleagues in international locations on financials’ revisions and trade booking metrics. Conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.
- Promote the organisation’s values and ethics in all activities within the team to support the establishment of a value drive culture within the bank.
Policies, Systems, Processes & Procedures
- Assist in providing inputs and implementing controls as part of tactical and strategic solutions for current risky/time consuming processes, with an objective to enhance governance, accuracy and efficiency of the output for financial & management reporting.
Continuous Improvement
- Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
Reporting
- Re-engineer current processes to facilitate management and financial reporting and analysis.
Job Context
Business Activity Support
- Take initiative and support the team on understanding Global markets financial products along with the expected accounting treatment for each
- Support Product Control Team on changes relating to FAB GM PC systems (Murex, T24, 1SMX)
- Get acquainted with various projects in scope and learn the difference between tactical and strategic solutions
- Provide value adding support through timely resolution of system related issues and limiting areas that require manual intervention by providing automated solutions
- Collaboratewith stakeholders in Product Control, Global Markets / Group Treasury, Operations, Risk and Finance to support new business activity deployment, enhance existing functionalities in Murex and downstream systems
- Review business needs and translate them into application functional requirements for complex financial products and processes
- Contribute in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction
- Support of new business requests, ensuring they are controlled through the existing or new system architecture
Centralization of Business Change Requests
- Centralize all system change requests for Product Control and Financial Control Departments: log business issues (gaps and risks), review business requirement documents (BRDs), follow up on systems’ IT implementations, perform UAT before deployment, ensure a global rollout of changes, and notify all stakeholders of the required end user procedures
Contribution to Transformation Projects
- Support transformation related activities for Global Markets Business Finance by assisting the team in defining tactical and strategic solutions for current high risk / time consuming processes by leveraging on accounting, financial products, and financial systems knowledge.
Contribution to International Roll-outs
- Assist the team in the definition and validation process of financial system migrations at international locations: reviewing financials, defining trade metrics, designing solutions, writing BRDs, running UAT, validating accounting schemas and structures by confirming the systems’ output (Murex to downstream) is in line with the functional requirements, highlighting risks and gaps, and ensuring the standardization between various entities and across downstream systems.
Contribution to New Products and Processes Scoping and Rollout Activities
- Assist the team in the validation process of newly introduced financial products, accounting schemas and structures by confirming the systems’ output (Murex to downstream) is in line with the functional requirements, highlighting risks and gaps, and ensuring the standardization between various entities and across downstream systems
Qualifications
Minimum Qualification
- Bachelor’s degree in Engineering / Accounting / Finance / Mathematics
- Qualified ACA / ACCA / CIMA
Minimum Experience
- Strong understanding of capital markets and financial market products
- Ability to manipulate large volumes of data efficiently (Excel Macros, VBA scripting, SQL…)
- Translation of business needs into applications’ technical requirements
- Excellent analytical, verbal and written communication skills, and problem-solving skills
- Minimum 5 years’ experience in a similar role in a reputable international/global bank
- Enthusiastic and curious to learn
