Job Description
The GTB Business Finance function is responsible for all finance matters specific to the GTB - business including, but not limited to, Performance, Control, Forecasting, Budgeting & Strategy. In addition, the function provides a key support role to other Group Finance functions, Treasury, Central FP&A, Tax as well as Financial & Regulatory Reporting.
Key priorities of this role include:
- Support GTB Business Finance in implementing a strong financial governance framework across the UAE and International locations encompassing performance reviews, budgeting process, financial control, regulatory and internal audit matters, country strategy and internal / external communication.
- Act as a trusted advisor on business performance and main point of contact for responding specific business requirement.
- Providing in-depth Financial Analysis for Global Transaction Banking (GTB), provide value added insight & support to business in achieving their target.
- Contribute fully to transforming FAB Finance through engagement in various transformation initiatives.
Effectively coordinate, communicate, and build excellent relationships with key stakeholders across Finance and GTB Business.
KEY ACCOUNTABILITIES:
- Financial Control & Governance Oversight
- Review GTB daily P&L, investigate, and Analyse the Variances. Any material variations to be flagged and remediated with relevant Operations and IT team.
- Regularly assess and investigate, when required, the integrity of financial information.
- Assist Account controller to manage and review all accounts that falls under GTB business. Perform Conformance testing on a sample list of accounts in coordination with GFC.
- Ensure Group AOV policy is fully adhered to and confirm appropriate classification of accounts and ageing.
- Provide attestation and ensure sign-off in One FC in a timely manner without any red flags.
- Coordinate with GFC to maintain and support the framework of financial controls.
- Ensure zero unsatisfactory audit point.
- Maintain SOP's for all processes and tasks that falls under GTB business finance, documented with relevant approvals
- Review and ensure GTB product papers covering Trade, Cash and OD are appropriately reflecting detailed accounting schema including VAT containing GL, product category.
- GTB Projects & BRD's Review
- Support HoGTB Finance in reviewing the Capex, P/L benefits such as revenues, cost savings and KPI's are appropriately captured in BCD documents.
- Assess profitability of new projects and challenge business on ROI
- Maintain repository of approved BRD's to review at a later stage to challenge business.
- Work with GTB Channels and product team to gain full understanding of projects and its benefits.
- Collaborate with business and CPMO on Value reporting of projects that went live.
- Critically assess KPI's once the projects are live on an ongoing basis.
- Develop GTB Projects Capex reports providing a view on YoY spending and challenge business on benefits accrual.
- Performance Reporting & Exception reports
- Work closely with FPA & FR to develop exception reports to ensure integrity of financial and management reporting. Eg: Negative Income
- Collaborate with FP&A to design and develop new MI reports that provides new perspective.
- Liaise with GT on FTP related queries from business covering Trade products.
- Assist HoGTB in reviewing and developing analytics around ECL & RWA to proactively monitor and assess if there any optimisation initiatives.
- Liaise with Trade Risk distribution team and ensure risk participation payouts are accrued in respective period without any lag.
- Work with Risk and CAD to ensure Risk distribution numbers are consumed for cRWA calculation.
- Transformation and Continuous Improvement
- Support ongoing finance transformation projects in liaison with wider finance teams such as UAT participation etc.
- Seek to identify and recommend changes that improves Customer Satisfaction and productivity.
#LI-MA3
Qualifications
Minimum Qualification
- Professional qualifications preferred e.g. ACA, CPA, MBA
- Self-starter, with experience in financial analysis and performance analysis desired
- Strong presentation skills and adept in MS Productivity tools e.g. MS PowerPoint and MS Excel
- Technical knowledge of Corporate & Investment Banking products. Senior level of experience in finance, analysis, strategic planning, banking and financial markets with ability to interpret key bank ratios and economic indicators.
- Proven ability in direct management of a finance team from a leading International Bank(s)
- Proven ability in liaising & dealing with Business leaders, G-CFO, Enablement heads, Auditors & external consultants.
- Excellent communication skills with a high degree of personal integrity who can deliver under pressure
- Commercially oriented mind-set and keen awareness of significant trends in financial markets and banking
- Ability to use and apply key strategic concepts, models and tools.
Minimum Experience
- 8 years relevant experience from a leading international bank(s)
