Senior Manager - Financial Reporting

at  ADIB Abu Dhabi Islamic Bank

JOB DESCRIPTION

Role: Senior Manager - Financial Reporting

PREVIOUS EXPERIENCE REQUIRED (IF ANY)

10-15 years’ of post qualification work experience including minimum 5 years’ experience in Financial reporting function of a bank.
Job ID 300002334615125

SPECIALIST SKILLS / TECHNICAL KNOWLEDGE REQUIRED FOR THIS ROLE:

• Professional qualification / certification in accounting / Finance (ACA, ACCA or CPA)
• Strong analytical skills with Financial reporting background
• Excellent knowledge of Bank financials / Bank product / Sharia Principle relating to Banking
• Excellent in computer skills (MS Excel, MS word, MS PowerPoint)
• Sound leadership and influencing skills.
• Excellent soft skills and a team player

Role Purpose: The Senior Manager - Financial Reporting at ADIB Group is responsible for overseeing capital adequacy management, internal control over financial reporting (ICFR), and taxation, ensuring compliance with regulatory requirements and providing strategic support.

• Financial Reporting: the preparation and publication of periodic financial reports, ensuring compliance with IFRS standards and regulatory requirements, and advising senior management on reporting trends.
• Capital Adequacy Management: managing the capital planning process, supporting strategic decisions with robust capital assessments, and ensuring compliance with regulatory requirements.
• Internal Control Over Financial Reporting (ICFR): ensuring ICFR compliance, managing continuous monitoring and evaluation, and coordinating with external auditors for certification purposes.
• Taxation: preparing tax provisions, identifying tax savings, ensuring compliance with tax regulations, and advising management on tax liabilities and strategies for the Group.KEY ACCOUNTABILITIES OF THE ROLERESPONSIBILITIES:
• Financial reporting:
• Directs and oversees the preparation and publication of periodic financial reports for the entire ADIB Group.
• Ensures that reports, filings and documentation comply with Bank’s policies, IFRS standards, CB UAE and SCA regulations.
• Maintains the chart of Account across all Group entities. Ensures that Product, chart of account, entries / transactions and accounts are accurately and properly consolidated as per Group Accounting Policy and are included in internal and external financial reports correctly.
• Advises management of trends and changes in reporting requirements and recommends best approach for implementing those changes in the said reportings.
• Provides subject matter expertise in accounting policy and regulatory reporting, including IFRS.
• Additionally, serve as liaison with or oversee the work of the external / internal / sharia’s / CBUAE auditors Capital Adequacy Management including Capital Planning, ICAAP and Stress Testing:
• Develop and manage the capital management framework for ADIB Group on consolidated and standalone level as per the CBUAE regulations and Basel standards.
• Manage the capital planning process for the ADIB Group as well as on UAE standalone level and other material financial subsidiaries level.
• Support strategic decision through the provision of robust capital plans and capital assessments on new business booking, portfolio or business acquisitions.
• Regularly assess the Group’s capital adequacy, identifying vulnerabilities and capital optimisation opportunities.
• Communicate effectively with senior stakeholders including management, and regulators and lead the engagement with Internal Audit and CBUAE examiners.
• Monitor and demonstrate compliance with all relevant regulatory requirements and internal policies.
• Oversee the development, implementation, and continuous enhancement of the capital management and planning process.
• Liaise with business units and financial subsidiaries to assess Pillar 1 capital and Pillar 2 capital for all risks of the Bank to ensure compliance with CB UAE and Subsidiary’s regulator requirement.
• Liaise with Risk Management on the enterprise-wide stress testing to be included in the ICAAP.
• Liaise with Risk Management on the Macro stress testing exercise to be submitted to CBUAE.
• Responsible for managing, developing and publication of the disclosures required under Pillar 3 of Basel Standard for capital, liquidity and other Risks. Also liaise with internal and external auditors for their review on quarterly and annual basis