VP- CCB- IB & International (UAEN Only)

Job Description

The CCB, IB Business Finance function is responsible for all finance matters specific to the 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:

• Being a trusted Finance advisor on business performance & strategic issues specific to the business
• Providing world class financial reporting & support services, adding value through providing professional, independent & objective financial advice, which assist in the achievement of business objectives whilst complying with Group policies and standards, and external statutory obligations.
• Production of financial & management accounting reporting statements for the functional area of responsibility in line with Group reporting standards, whilst maintaining a robust control environment.
• Production of in-depth Financial Analysis for Corporate and Institutional Banking (CCB, IB), Finance and provide value added insight & support
• Assist with CCB, IB Finance initiatives - centralized MI and commentaries, country and business reviews, strategy papers, Balanced Scorecard

KEY ACCOUNTABILITIES: Generic AccountabilityBusiness Partnering

• Enhance value added business partnership to drive business performance.

Reporting

• Preparation & development of best-in-class MIS reporting which meets the needs of Business, Department & Group

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.

Products, Policies, Systems, Processes & Procedures

• Provide inputs for implementation of policies, new products, systems and procedures for the CCB, IB Business Finance team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Job Context

• Act as a key business partner for CCB, IB and trusted advisor on business performance and strategic issues, helping to drive the business forward
• Conduct regular analysis of CCB, IBs Financial performance and generate strategic insight and options for Senior Management in Finance and the CCB, IB Business
• Provide key inputs where necessary across Business Management forums MIS reviews as well as contribute towards value added commentary and insight specific to CCB, IB where necessary
• Conduct assessment of FAB and CCB, IBs performance and strategic direction against appropriate benchmarks and peers
• Gather, research and use relevant market, competitor and industry information to support and communicate ideas
• Key business finance contact for all Control & Governance queries, leading discussions, as appropriate, with both the business as well as relevant enablement functions - Group Finance, Risk, Audit.
• Cultivate strong relationships with senior stakeholders throughout the organization and seek buy-in to the ideas and direction
• Advise and participate on FABs inorganic growth opportunities and divestments: perform valuations, conduct strategic fit and opportunity assessments, lead and participate in transaction execution of any M&A opportunities
• Managing the month end controls of Balance Sheet substantiation and reporting for CCB, IB products
• Development and ownership of CCB, IB Finance relevant policies and accountability for adherence therewith. Identification & reporting of any policy breaches. Development and implementation of Global operational financial policies and procedures for the specific functional areas.
• Manage projects driven by new regulatory requirements in International locations to ensure the key criteria of the regulation is met in a sustainable, efficient and effective manner
• Ensure compliance and control of specific accounting processes and practices for proposed new product initiatives or product variations.
• Contribute towards the development & rollout of enhanced MIS to support CCB, IB & International
• Provide relevant support to SVP, Business Finance - Analysis & Governance
• Work with Treasury on FTP, capital and liquidity matters affecting CCB, IB products as required
• Provide input to wider Finance strategy activities and strive to work together effectively on overall regional and global programs.
• Engender a culture of continuous improvement within the CCB, IB Business Finance team, ensuring that operations are kept continually under review and that all opportunities for re-engineering and achieving economies of scale are identified, implemented.
• Review existing systems / processes / procedures and MIS to proactively identify areas of improvements.
• Provide Leadership, inspire & help develop the CCB, IB Business Finance function

QualificationsMinimum Qualification

• Tertiary qualifications preferred e.g. MBA, CFA, ACA, ACMA
• Self-starter, with experience in Bank Equity Analysis and Bank / Bank Market Strategic Analysis desired
• Strong presentation skills and adept in MS Productivity tools e.g. MS PowerPoint and MS Excel
• Technical knowledge of Wholesale & 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
• Proven leader with an ability to influence strategic decisions at a senior management level
• 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)

Keyskills :

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.