VP, Business Finance – Consumer Banking, UAE

26 أكتوبر، 2022

0 3 4 دقائق

Job Description

Job Description
JOB PURPOSE:
The purpose of the job is to handle all financial matters within the Consumer Banking UAE Segments (Elite, Mass, Dubai First). The role plays a key position in providing support and in-depth business insights and information to support strategic business decisions to grow revenues/returns and maintain strong cost management. The job holder acts as a strategic finance business partner to the Consumer Banking segment Heads and will be responsible for the supporting the strategy development, budgeting, and performance measurement and ensuring strong financial control and reporting standards are applied to meet the businesses overall strategic objectives.
To interact with, discuss and influence business outcomes with senior business personnel, the role will need to understand in relative depth, products and market contexts of the businesses to influence and manage the rollout of the Consumer Banking UAE strategy.
The role will in partnership with Group finance, business and technology partners drive the systems implementation and UAT of relevant Finance projects. Also, to manage and mentor a team of junior staff.
KEY ACCOUNTABILITIES:
This section shall not be customised to reflect accountabilities which may be unique to one role. Please use Section 5 to capture any accountabilities specific to the role which are over and above those mentioned in this section.
Finance Business Partner
Finance Business Partner for Consumer Banking UAE. To be the trusted finance advisor on business performance and strategic issues
Act as the Finance representative on all necessary business management forums for CB UAE.
Review financials and provide objective, value added commentary and insight for the business
Advisory
Advisory to Consumer Banking UAE units for new/ existing products, processes and business arrangements relating to financial & regulatory reporting compliance
Identify the key risks, particularly financial, within the Business and co-ordinate with Risk dept to have appropriate risk mitigation plans in place. Ensure that risks are incorporated into the business planning and strategy phases.
Act as central person for Group Finance functions on matters associated with CB UAE: Financial and Regulatory Reporting, Group Treasury, Financial Performance Management and Analysis, Tax, Financial Control.
Work with Group Treasury on any FTP, Balance sheet capital and liquidity matters impacting the CB UAE business
Planning, MI Reporting, Analysis
Support the formulation of the CB UAE Segments annual budget
Drive with Group the annual Budget setting, monitor financial performance versus Budget, monitor projects/initiatives, key ratios, and update the SVP of Business Finance and Business heads on performance gaps with proposals on how to improve performance.
Lead regular performance review with the business heads
Review the budgets for key strategic projects and change management initiatives for CB UAE and to ensure budgets are effectively managed and monitored across teams.
Actively monitor performance and use MIS to enhance performance and aid strategic decision making, manage areas of under-performance
Ensure accurate and timely MI reporting to assist business partners and management in decision making with detailed analysis – covering revenue, costs, balance sheet, AUMs and key ratios
Liaison with Group FP&A to ensure accurate product/line of business for upstream data integrity
CB UAE Strategy / Projects
In conjunction with SVP Head of Business Finance, and working closely with CB Strategy department to lead the formulation and implementation of the CB UAE strategic plan, balanced scorecards in line with the business short, medium, and long term objectives.
Contribute and support in the development and expansion of the CB UAE strategy and ensure effective integration.
Finance Risk control
Assessing and ensuring transparency in the financial performance of the business divisions, and ensuring that disclosure of our financial performance meets regulatory requirements and corporate governance standards.
Manage external and internal audits, ensure that all audit findings are successfully closed with recommendations implemented.
Ensure that all internal processes and infrastructures are robust and effective taking into consideration effective risk management and controls.
Continuous Improvement
Embrace the culture of customer-centric and high performance culture within FAB CB UAE & Group Finance
Contribute to the identification of opportunities for continuous improvement of systems (automation of MIS reporting), processes, policies (policy gap closure) and practices while taking into account FAB Group practices, international leading best practices, improvement of business processes, cost reduction, and productivity improvement.
People Management
Actively engage and influence internal and external stakeholders to develop and maintain effective business relationships
Cross-train and develop staff to achieve efficient resource utilization and deployment.
Contribute to creation of a high performance culture and engage team through effective collaboration.
Motivate and coach staff to ensure high levels of discipline, accuracy, performance and technical ability.
Job Context
Specific Accountability
Proper management of operational risks and losses
Support FAB CB UAE strategies and initiatives
Successful delivery of KPIs
Adherence to financial budgets
Qualifications
QUALIFICATIONS & EXPERIENCE:
Knowledge & Experience
A tertiary qualification with minimum of 10 years of relevant work experience in similar capacity.
Qualified accountant or equivalent with demonstrable experience of working within a finance function in a substantial business
Direct experience in leading Financial control and MI strongly preferred.
Familiar with banking industry practices, guidelines and code of conduct.
Able to engage at senior management level with peers and stakeholders.
Proficient in all Finance rules and guidelines.
Skills
Ability to deal with people from different cultures and nationalities
Aligned with Corporate values (Knowledgeable, Adaptable, Collaborative, Enterprising, Responsible)
Highly motivated self-starter with strong communication and interpersonal skills.
Strong analytical, conflict resolution, project management and problem solving skills.
Ability to multi-task, attentive to details, proactive and flexible.
Result oriented and able to perform and deliver under pressure within tight timeline.
Strong business orientation combined with optimization and cost focus
Team player and open personality
Robust and persistent
Integrity and high ethical and professional standards