Finance Analyst, Financial & Regulatory Reporting-2200023084

24 سبتمبر، 2022

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الوصف الوظيفي

Finance Analyst, Financial & Regulatory Reporting – (2200023084)
Job: Finance
Primary Location: Africa & Middle East-Saudi Arabia
Schedule: Full-time
Employee Status: Permanent
Posting Date: 23/Sep/2022, 7:56:49 AM
Unposting Date: Ongoing
Job Summary

The job purpose is primarily be responsible for regulatory Reporting for Finance, facilitate / co-ordinate expense processing in country, provide effective financial support to other finance customers like Statutory Auditors, Group Auditors Local Regulators, Other Support Functions, etc., maintain an effective control environment ensuring that all regulatory and financial control requirements are met and ensure compliance and implementation of Group standards and policies as also local regulatory policies impacting Finance.

Responsibilities

Strategy

Refocusing for a stronger Finance: Streamline how we operate and ease workload while also reducing cost. We continue to refocus the function, seeking opportunities to eliminate complexity and duplication in our services and ensure we align our resources more closely with the businesses.

Business

Awareness and understanding of regulatory, financial reports in which the branch operates as well as Group expenditure and travel policy and procedures

The job purpose is primarily as below:

Responsible for Regulatory Reporting for Finance
Facilitate / co-ordinate expense processing in country
Provide effective financial support to other finance customers like Statutory Auditors, Group Auditors Local Regulators, Other Support Functions, etc.
Maintain an effective control environment ensuring that all regulatory and financial control requirements are met.
Ensure compliance and implementation of Group standards and policies as also local regulatory policies impacting Finance.
It involves effective financial support to key finance customers – Group and Regional Finance, GBS and Tax
Be a value-added, professional and cost-effective finance service provider to all interested parties, within and outside the Bank.

Processes

Financial and Regulatory Reporting & Accounts Payable activities

Prepare regulatory returns in accordance with the SAMA guidelines.
Confirm the accuracy, perform a variance analysis with the previous submission and ensure that all returns are submitted by the due dates.
Liaise with SAMA on Regulatory matters relating to Finance.
Maintain adequate documentation in respect of regulatory returns.
Ensure adherence to the Cash Reserve requirement guidelines. To advise Treasury Markets of any increase / decrease monthly and the advice entries for the same on the first day of the month.
Manage the delivery of ad hoc information requests and any other aspects of information delivery.
Ensure accurate and timely Financial Reporting to Group Finance, Statutory Reporting to Local Regulators, Annual Financials to Auditors / Local Regulators.
Ensure compliance and implementation of Group accounting policies and standards, including IFRS.
Coordinate with business finance to get quality analysis of results and financials: income, cost, debt charge, yields and balance sheet.
Drive the improvement of processes regarding the above with a view to enhancing cost effectiveness, efficiency, accuracy and integrity of the numbers reported and analyzed.
Facilitate / co-ordinate expense processing done at APU FSSC, Chennai and expense processed in country. In line with the Group Business Expenditure Standard and Procedure as well as Group Delegated Authorities.
Ensure adherence to Group Delegated Authorities.
Ensure that the invoices are VAT compliant to optimize the efficiency and facilitate accuracy in expense processing at GBS and in country.
Maintain a proper filing system for expenses.
Ensure controls for manual payments process

Fixed Assets Management

Ensure adherence to the Group Accounting Policy
Check the entries for depreciation are correctly coded for the account no. and the cost center no.
Maintain an up-to-date Fixed Assets register and ensure reconciliation of the register to the GL monthly
Coordinated the physical verification of fixed assets conducted by performed by the respective Cost Centers (into which the fixed assets are booked) / Information Technology

Finance System Support

Identify gaps/mismatch in PSF/ /FINIS impacting group/regulatory reporting

People & Talent

Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners.
Ensure the provision of ongoing training and development of people to mitigate any risks.

Risk Management

Identifying, assessing, monitoring, controlling and mitigating risks to the branch, as well as an awareness and understanding of the main risks facing the branch and the ability to interpret the branch financial information, identify key issues based on this information and put in place appropriate controls and measures. Act as the process risk control owner under the Group’s Risk Management Framework (including relevant Operational Risk Framework ownership

ORF Finance operational risk, controls and governance (First line process owner for Financial, Regulatory and Group Expenditure And Travel Policy and Procedures process)

Ensure completeness, quality and evidence of Finance reconciliations and escalation procedures.
Maintain the robustness and integrity of the General Ledger with complete balance sheet substantiation, controls over sundry, suspense, accrual and project accounts.
Support provided to FCU on the effective control tools like KRIs, KCS and KCSA.
Comply with the Money Laundering Prevention Procedures and the Code of Conduct of the Bank. Be alert at all times to unusual or possibly suspicious customer activity and must report promptly any such activity to the Country MLPO.

Governance