VP- Business Finance - Privilege Client Group

Job Description

Generic Accountability

• To act as a Business Finance Partner for Privilege Client Group and provide advisory insights to the business.
• To act as a trusted finance advisor on business performance and strategic issues.
• To support and lead with the regular performance reviews conducted with the business.
• To manage the preparation of monthly management reporting packs.
• To support with the annual budget exercise and monitor financial performance vs budget.
• To act as a liaison with Group FP&A to ensure accurate product/line of business for upstream data integrity.
• To assess and ensure transparency in the financial performance of the business divisions.
• To ensure that disclosure of our financial performance meets regulatory requirements and other relevant standards (accounting, governance, etc.).
• To support managing various financial control and risk management dimensions for the business.
• To provide required support to SVP & Head of Business Finance PCG with regards to Analysis and insights on specific and Ad-hoc topics including special projects
• To support managing external and internal audit requirements, and successfully address all audit findings and recommendations implementation.
• To contribute towards the learning and development of junior members the team to enable them to perform their roles in an effective manner.

Specific Accountability

• Support with the review of the financial performance for Privilege Client Group and provide objective, value added commentary and insights for the business.
• Support Group Finance functions on matters associated with Privilege Client Group, specifically for financial and regulatory reporting, treasury matters, financial performance management and analysis, tax and financial control.
• Provide advice to Privilege Client Group business teams on new/existing products, processes and business arrangements relating to financial and regulatory reporting compliance.
• Identify key risks within Privilege Client Group, particularly financial, and coordinate relevant stakeholders as appropriate to put in place appropriate risk mitigation plans and ensure risks are incorporated into the business planning and strategy phases.
• Coordinate with Group Treasury on any FTP, balance sheet, capital and liquidity management matters affecting Privilege Client Group products and pricing. Review customer / product pricing and highlight any potential gaps.
• Support and drive the Budget preparation for Privilege Client Group in collaboration with product and business teams. Provide insights into areas of growth and potential headwinds impacting growth for next year. Prepare detailed budget packs with key insights and analysis.
• Review key strategic projects and change management initiatives for Privilege Client Group, and ensure they are effectively managed and monitored across teams.
• Monitor the performance of Privilege Client Group and use MI reports to enhance performance and aid strategic decision-making as well as manage areas of under-performance.
• Ensure accurate and timely MI reporting to assist business in decision making with detailed analysis - covering revenue, costs, balance sheet lines and key ratios. Drive automation of reports to reduce TAT on reporting.
• Preparation of the rolling forecast in collaboration with business and identify areas of concern as well as opportunities/initiatives for growth.
• Preparation of the detailed customer-wise profitability and margin analysis by segment/product including insights on RM and Customer Profitability.
• Preparation of any ad-hoc reports/analysis to drive improved business performance and enable better decision-making.

Qualifications

• Bachelors degree in Accounting or Banking & Finance.
• Having an accounting qualification (e.g. CPA, ACCA, CA) and/or a Masters degree is a plus.
• Around 10 years of working experience within banking and/or a top-tier audit/consultancy firm.
• Direct experience in management reporting and budgetary oversight is a must
• Solid analytical and organizational skills and ability to work under pressure and manage multiple tasks simultaneously.
• Excellent written and verbal communication skills and strong ability to communicate with senior stakeholders clearly and effectively.
• Strong analytical, conflict resolution and problem-solving skills.
• Proficiency in MS Office - especially Excel and PowerPoint, and basic understanding of T24, OBIEE, OneSumX and Power BI.

Additional InformationThe main purpose of the role VP Business Finance - Privilege Client Group (PCG) is to handle various finance-related matters for PCG. This job plays a key role in providing support and in-depth business insights and information to support strategic decision-making.The job holder acts as a finance business partner to the PCG Segment heads and will be responsible for supporting the strategy development, business planning, budgeting, and business performance management aspects, in addition to ensuring strong financial control and reporting standards are applied to meet the overall strategic objectives.The role interacts with various business personnel and supports the provision of in-depth analysis related to products and market contexts to support the roll out of the business strategy. Further, the role will support with the systems implementation of relevant finance projects, in partnership with other stakeholders from Group Finance, business teams and technology partners, in addition to managing and mentoring a junior team member.

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About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.