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VP, Financial Control and Projects - UAE Nationals Only!

1.00 to 10.00 Years   Abu Dhabi, United Arab Emirates   07 Jul, 2021
First Abu Dhabi Bank FAB
1 Jobs Openings
Job LocationAbu Dhabi, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryBanking
Functional AreaNot Mentioned

Job Description

Company DescriptionNow it?s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We?re looking for the brightest and best to help us reach our goals and we?ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industryJOB PURPOSE:Effectively manage Financial Control within Consumer Banking and Pvt banking Business. Provide accounting guidelines to business, set-up accounting processes, review and correct divisions booking in line with accounting standards. Act as the spoke for Business, Finance and MI related Projects, manage audit and risk process for Business Finance.Key priorities of this role include:

  • Provide accounting guidelines to the associated business processes. Review and confirm treatment in relation to booking of Balance sheet and P&L.
  • Review accrual and provisioning processes for the unit and confirm the treatment. Ensure adequate accruals / provisioning as per accounting standards.
  • Review and approve all GL requirements for business division in consultation with Group Finance for new accounting treatments.
  • Conduct detailed reviews of the divisions financials and initiate corrective journals in case of any anomalies.
  • Act as Business Finance Lead/Spoke for all business projects. Manage UAT and sign off on these projects from, finance perspective.
  • Act as Spoke for all Finance related projects and enhancements including Financial reporting, Management reporting and Tax projects. Coordinate with Business partners and IT Units in driving such projects for the division.
  • Initiate various financial control measures within the division to avoid wrong financial treatment and operational loss within the division. Closely coordinate with group control team for resolution of any reconciliation breaks within the division.
  • Ensure resolution and closure of all audit comments in relation to financial treatments and reporting for the business division.
  • Conduct periodic risk control self-assessments for the function and initiate risk mitigating actions.
Job ContextSpecific Accountability
  • Perform monthly review of discretionary authority exercised by the owners and provide consolidated reports on discretion used to management.
  • Act as account owner for business finance related suspense accounts, and perform reconciliation and?provide monthly attestations to group on these accounts.
FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY:
  • If any, ensure compliance and execution of RACI, accountabilities and responsibilities assigned to him/her as per the approved authorization matrix or documents (e.g. policy, process, memorandum, DOA, etc.) which is updated from time to time.
  • Authorized to take decisions as per the approved authorization matrix or documents (e.g. policy, process, memorandum, DOA, etc.) which is updated from time to time.
  • Ensure awareness and understanding of authorization provided to him/her from time to time.

Keyskills :

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