AVP, Business Finance - Coverage & GCF at First Abu Dhabi Bank

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

19 Jul, 26

Salary

0.0

Posted On

20 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial reporting, Financial analysis, Budgeting, Forecasting, Strategic planning, Performance management, Investment banking, Corporate finance, Financial modeling, Risk management, Stakeholder management, Regulatory compliance, P&L analysis, Balance sheet reconciliation, Business partnership

Industry

Banking

Description

JOB PURPOSE: The WHOLESALE, IB & International Business Finance team comprises of individual functions globally supporting the following products; Global Corporate Finance, Transaction Banking, Global Markets along with the Coverage function for Investment, Corporate & Commercial Banking. The unit falls under the Group Finance department and reports to the CFO - WHOLESALE, IB & International. Key priorities of this role include: * Act as 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. The Business Finance function(s) are 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 ACCOUNTABILITIES: Generic Accountability * Enhance value added business partnership to drive business performance. Provide strategic financial support and guidance to the Investment Banking business, ensuring alignment with overall group objectives. * Budgeting and Forecasting: Assist with the budgeting, forecasting, and financial planning processes, ensuring accuracy and alignment with business goals. * Financial Analysis: Conduct detailed financial analysis, including customer & segmental profitability analysis, cost management, and performance metrics, to support decision-making. * Reporting: Prepare and present financial reports, including monthly, quarterly, and annual MI to senior management and stakeholders. * Compliance and Governance: Ensure compliance with financial regulations, internal policies, and governance standards. * Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction. Specific Accountability * Contribute towards and ensure that Finance act as a key business partner for the Coverage business and trusted advisor on business performance and strategic issues, helping to drive the business forward * Provide key inputs where necessary on across business management forums; MIS reviews as well as contribute towards value added commentary and insight encompassing the related products where necessary * Contribute towards the development & rollout of Customer/Segment MIS to support IB globally * Comprehensive P&L analysis including detailed analysis and interpretation of daily, weekly & monthly performance of Coverage. * Assist with periodic segment/ sector analysis, holding customer reviews with the business * Key business finance contact for all International Coverage queries, leading discussions, as appropriate, with both the business as well as relevant enablement functions. * Provide relevant support to VP and SVP, Business Finance, ensuring all business transacted is ‘compliant, safe and sustainable’ * Managing the day to day and month end controls of P&L and Balance Sheet reconciliation, substantiation and reporting for Coverage * Development and ownership of Coverage 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. * Ensure compliance and control of specific accounting processes and practices for proposed new product initiatives or product variations. * Maintain Key linkages & strong working relationships with senior business leaders within Coverage, Group Finance as well as Senior Management across other enablement functions. * Work with Treasury on any FTP, capital and liquidity matters affecting both Coverage & CIB products as required * Provide input to wider Finance strategy activities and strive to work together effectively on overall regional and global programs. * In conjunction with FP&A, continuously assess the quality of service provided to the principal customers and strive to ensure that the area adds value to their objectives through the provision of accurate and valuable financial data and advice. * Engender a culture of continuous improvement within the WHOLESALE & 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. QUALIFICATIONS & EXPERIENCE: Qualifications * Minimum of 5 years of experience in finance role with leading International or Regional bank(s). * Technical knowledge of Wholesale & Investment Banking products * Bachelor’s degree in Finance Skills * Strong financial acumen and analytical skills; Proficiency in financial modelling and forecasting. About Us: First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients. Life at FAB: Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization Career Development: FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development. Our Values: At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication. Join our team and be part of a journey to shape the future of banking.

Responsibilities

The AVP will act as a strategic finance advisor for the Coverage and Global Corporate Finance business, driving performance through detailed financial analysis and reporting. They are responsible for managing budgeting, forecasting, and ensuring robust financial controls and compliance across the business unit.