VP Enablement & Cost Synergies

Are you ready to join us on our exciting transformation journey at the largest bank in the UAE? This is an opportunity to make a real impact on our customers, employees, shareholders, and communities, as part of the FAB team. 

We're committed to our grow stronger movement, and as a member of our team, you'll have access to everything you need to advance your career and make a meaningful contribution to our shared success. 

If you're looking for a career that will help you stand out and make a difference, now is the time to join us. Let's work together to achieve great things. 

To assist in discharging duties related to cost management of the enablement functions and business units:

• Provide monthly financial reports to Support Divisions with detailed variance analysis and focus on cost analysis etc..,
• Provide transparency on costs including guidance vs. budget and forecasts, aligned to overall group targets
• Generate analysis on specific cost increase with an understanding of key drivers, supporting Central MI and Analysis
• Support adhoc projects relating to the cost function.

KEY ACCOUNTABILITIES

Generic Accountability

•   To support certain Enablement functions from a cost standpoint, and generate analysis on key cost drivers

Job Specific Accountabilities

1. Manage the preparation and development of the MI reports for the respective functions including ad-hoc analysis as required

1. Provide appropriate variance analysis, flagging required action for corrective measures and identifying and measuring cost drivers to monitor

1. Manage the budgeting process for the respective functions through a bottom-up aggregation of cost asks, balancing it against top-down guidance

1. Support functions in hiring needs – understanding impact of costs on budgets and run-rates. Ensuring both staff & non-staff costs remain within budget (including the run-rate)

1. Helping functions manage costs through various value-add initiatives

1. Responsible for inputs into the HO Cost Allocation rules for the Group

#LI-MA3

Minimum Experience

• Must have Bachelor’s degree.  
• Required: - Professional qualified Accountant (CA, ACCA etc) or Masters level qualification  

Minimum Experience

• 15+ years’ relevant experience in the banking sector with at least 10 years in similar positions of progressively increasing managerial responsibilities in the Finance function, specifically with experience in managing / reporting on costs.