VP- GM Business Unit Control

at  bankfab

COMPANY DESCRIPTION

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.
We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.

QUALIFICATIONS

• Extensive track record of successfully working in a Product Control function, with proven leadership and managerial experience within a top tier financial institution;
• Strong verbal and written presentation and senior stakeholder management skills;
• Min. 10-12 years’ experience in reputed international / global banks;
• Advanced degree in a financial discipline or relevant qualifications (CA/ CPA/ ACCA / CFA;
• Strong understanding of Global Markets and Investment Banking products, with related Technical and Accounting treatments. Excellent understanding of modern governance, risk and control assessment techniques;
• Highly developed numerical, analytical, presentation & interpersonal skills with expertise to represent the team on strategic initiatives.
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The Global Markets Business Finance team comprises Business Unit Control, Independent Price Verification and Central MI and Change Management teams. The team supports the Global Markets and Group Treasury businesses locally and internationally. The unit falls under the Group Finance department and reports to the CFO, CIB Finance & International.

Key priorities of this role include:

• 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 Unit Control team is responsible for accounting and financial reporting of the Global Markets & Treasury business, acting as a primary control function, and monitoring trading activity to ensure it is in a specified remit. Tasks include Profit & Loss (P&L) reporting decomposition and attribution, dealing with ad hoc management reporting queries, reconciliation and substantiation of P&L and Balance Sheet between the General Ledger (Oracle General Ledger & OneSumX) and Source (e.g. Murex). This role is focused on the day-to-day tasks related to the International Business Unit Control function, such as daily preparation and control of P&L, general ledger reconciliations and variance analysis, explanations, commentaries, and MI reporting.