VP Finance Controller

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together.

JOB PURPOSE:

As Financial Controller(“FC”) the candidate along with the CFO is ultimately responsible for managing several critical areas under the Finance function including a) Oversight and Management of Financials of the bank, b) Structuring & Oversight of the Bank’s balance sheet, c) Financial Reporting including but not limited to (i) US regulatory reporting, (ii) UAE regulatory reporting, (iii) Coordination of independent financial auditors, (iv) Curacao reporting.

The FC is responsible for financial Control deliverables including compliance with all internal and external financial policies and regulations.

FC alongside with CFO works closely with all business lines including a) Global Markets, b) Loan Capital Markets, c) Relationship in putting in place financial budget, ensuring performance is tracked and acting as responsible and independent party for reporting purpose.

FC is either a direct member or acts as a backup to CFO in below Senior Committees

• FAB USA Branch ALCO (Asset & Liability Committee)
• FAB USA Branch Risk Committee
• FAB USA Executive Committee
• Remediation Working Group
• Integration Working Group

The candidate must be experienced in integration with strong knowledge of the following a) Fusion System, b) T- 24, c) Murex, d) Intellect, e) IFRS9 System. The role entails significant leadership and contribution by the candidate on several projects for the branch including integration, remediation, and growth.

The candidate must have international experience in the above areas in order create clear linkage between not only the US franchise, but the parent in the United Arab Emirates, FAB businesses in Asia, Europe and Middle East.

Revenues/ Budget:

•   Direct Reports:  Country CFO
• Indirect Reports: Regional CFO, Finance – International, CEO – FAB USA

Key Accountabilities:

• Ensure coordination and completion of the monthly Account Ownership and Verification (AOV) exercise across all businesses within the entity.
• Consolidation, preparation & submission of the results of the monthly AOV exercise.
• Coordinate the monthly Balance Sheet Review meetings for all businesses.
• Conduct Conformance Testing of balances in the legal entity.
• Ensure that all FC reporting requirements (KRI’s, KPI’s etc) are met with timely delivery to all internal and if applicable external stakeholders.
• Assist the GFC in ensuring that all Group Finance units are fully in compliance with the Group’s new Financial Control Framework
• Assist US CFO in verifying and submitting US and Curacao regulatory reports.
• Work with US RMs to manage RWAs to ensure capital adequacy targets.
• Coordinate compliance with Group’s ORM policy framework.
• Assist US CFO to develop more automated and effective processes.
• Prepare PP presentations and provide analysis for Country Business Reviews
• Provide analysis to prepare budget and strategic projections for the US
• Update Finance process documents for regulatory reporting, implement controls to ensure integrity of reporting process.
• Key member of US integration team to streamline processing and implement new target IT stack.

SPECIFIC ACCOUNTABILITIES:

GL Review

• Carry out a analytical review of the entity Trial Balance / Statement of Condition
• Ensure full compliance with the Group GL maintenance and Manual Journals policy
• Carry out an annual review of all POS’s and GL’s in use in the business with a view to determine unused GL’s or POS’s requiring closure / blocking

Financial Analysis

• Preparation of FAB USA Country Pack which entails detailed analysis of the branch’s Balance Sheet / Financial Ratios Including (RORWA / RORAE / CI Ratio)
• Analyse financial data by product and LOB to provide input to business to maximize RORAE
• Provide revenue by customer data to RMs and support operational review.
• Prepare monthly financial commentary for US Business Review with Regional CEO
• Regularly monitor RWAs to ensure compliance with Curacao CAR to maximize balance sheet optimization for FAB US
• Prepare financial forecasts against budget.

 IFRS Compliance

• Primary contact for IFRS 9, coordinate accounting treatment with Group Finance
• Prepare annual financial statements and disclosures in compliance with IFRS
• Primary contact with external auditors
• Provide support to and work in close coordination with the CFO to resolve all financial control and governance issues and observations raised through external / internal audit, regulatory inspections, Self-assessment process etc

Regulatory Reporting

• Verify and review regulatory reports for US and Curacao (reporting includes Federal Reserve, b) Curacao reporting, Head Office Central Bank reporting, etc.
• Update Finance regulatory reporting process documents and work with HO Regulatory & Control to ensure controls over and accurate reporting of submissions.
• Streamline reporting documentation and work with integration team to ensure automation wherever possible.

 

QUALIFICATIONS:

• University Degree in Finance / Accounting or a relevant subject BS/BA in finance or accounting
• 8-12years of progressive finance/accounting experience, with at least 5 years in a leadership role.
• A professional accounting qualification (e.g. ACA, CPA, CA, ACCA or equivalent) is desirable
• Good understanding of operating environment in Banks and a proven track record of delivery.
• Strong interpersonal collaboration and team skills including working with cross functional teams, proven flexibility, adaptability and reliability.
• Multiple projects, manage expectations and exceptional attention to details.
• Strong and proven leadership skills.
• Systems knowledge – Good level of Excel and power point expertise, well versed with MS Office.

All your information will be kept confidential according to EEO guidelines.