Manager – ALM & Hedge Accounting

at  Emirates NBD

QUALIFICATIONS:

• Accounting qualification
• Degree with specialization in Finance / Accounting

EXPERIENCE, KNOWLEDGE AND SKILLS

• Between 5-10 years of post-qualification experience in the Business Finance function covering Markets and Treasury products / segment
• Exposure and deep understanding of Treasury products, its lifecycle, accounting treatment, risk management and Front to Back interfaces.
• Hedge accounting and IFRS 9 reporting
• Managing and organizing team
• Experience with supporting ALM function of the Treasury
• Market / Credit / Capital risk management exposure
• Should possess knowledge of Treasury products & transactions and have knowledge of relevant banking regulations.Commercial acumen, an enquiring mind and an understanding of the market and financial dynamics would be a distinct advantage.
• Strong written and oral communication skills and ability to interact at senior management levels.

JOB PURPOSE:

The job holder is part of the Global Markets & Treasury Business Finance team responsible for leading a team and providing full range of MI & Business performance management support to to the division. Specifically, the following is expected:

• Stakeholder management – this involves developing / maintaining strong relationship with Global Markets & Treasury, Market / Credit Risk, Finance functions (BA, FR, Reg, Tax, other Business Finance streams), IT, Audit and Operations with objective of facilitating business support for the GMT division.
• Maintenance of control / compliance framework – continuously enhancing control framework, ensuring compliance with IFRS, Regulatory, Internal Bank policies
• Organization and further enhancement / optimization of product control activities such as: Daily / Weekly / Monthly level MI, enhancing commentaries with market drivers.
• Automation activities – review existing reporting landscape and formulate automation program, levering off existing IT solutions (MSBI, OACS etc).
• Closely working with foreign locations, to align service level to HO standards and cross train local finance functions
• Support FPA stream with provision of detailed commentaries within BS and PL, forward projection estimation and any analytics required for Business.
• Drive forecasting & budgeting cycle through engagement with business
• Build pipeline of insightful MI that can drive business decisions
• Motivate and develop team to enhance both technical and soft skills.

DUTIES AND RESPONSIBILITIES:

• Organize / maintain daily PL reporting process for ALM desks
• Monthly Desk level MIS
• Support with insights periodic CEO business performance review packs
• Drive forecasting & budgeting cycles with businesses in UAE & International locations
• FTP analytics / key drivers
• ALM Revenue forecasts
• Organize / maintain processes in regard to financial control services including:1) Daily PL reconciliation to GL systems2) Monthly BS review / sign off of the BS exposures.3) Review of month end adjustments4) Maintain hedge documentation.5) Run hedge effectiveness measurement process for micro & macro hedging programs.
• Monthly, Quarterly, Semi-annual & Annual commentaries & Analytics on Treasury B/s movements, market drivers & business activities.
• Provide Business Requirement Document for new system implementation and upgrades to existing systems.Perform User Acceptance Testing for projects.
• 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
• Comprehensive analysis of activities performed onshore vis-à-vis risk assessment / HO policies / proceduresEnd to end ownership of implementation / alignment