Assistant Manager - Product Control

at  Emirates NBD

QUALIFICATIONS:

• University Degree or a qualified accountant
• (ACCA, CFA, CIMA, ACA) preferable

EXPERIENCE, KNOWLEDGE AND SKILLS:

• Between 3 - 5 years of post-qualification experience in the Finance function of a large bank with exposure to understanding of Treasury products and its lifecycle, Hedge accounting and IFRS 9 reporting.

JOB PURPOSE:

• The job holder is part of the Global Markets & Treasury Business Finance team responsible for providing insightful Finance support to the Segment/ Product Heads in GMT business in key tactical and strategic decision making. The job holder will support the Segments/ Products business teams to provide analytics and support decision making and ensuring that Group financial policies and control framework are consistently applied across the segments/ products in GMT business units.

DUTIES AND RESPONSIBILITIES:

• Review of front office desk profit and loss reports
• Provide commentary for the P & L and substantiate the P & L to Front Office
• Understand Business requirements and delivering expectations
• Test effectiveness of hedges and maintain documentation
• Hedge accounting & Financial reporting
• Ensure that hedge accounting is performed in line with IFRS 9
• Provide Business Requirement Document for new system implementation and upgrades to existing systems.
• Perform User Acceptance Testing for projects.
• Monthly, Quarterly, Semi-annual & Annual commentaries & Analytics on Treasury B/s movements, market drivers & business activities.
• Review the Market Conformity reports and ensure escalation to appropriate level.
• Review and analyze key market / operational risks
• Assess whether existing control procedures are sufficient to mitigate risks to an acceptable level
• Introduce new controls to enhance control environment
• Automation projects to eliminate operational risk
• Periodic deep dive sessions with business focusing:
• Performance assessment related MI
• New initiatives / projects
• Periodic Business performance reviews
• Provide independent valuation and analysis
• Ensure all investments are valued using independent pricing source and a sound rationale is used for valuing unlisted or thinly traded investments.
• Review the portfolio marking vs IFRS requirements.