Requirements
The role requires a minimum of 10-12 years of experience in Finance/FP&A within the Banking sector, with a degree or professional qualification such as ACA, CPA, or MBA. Knowledge of accounting principles, corporate tax, and transfer pricing is preferred, along with some familiarity with IT systems and tax accounting systems. Banking/financial services industry experience is mandatory, and experience across multiple countries is a plus. Strong communication, interpersonal skills, attention to detail, and the ability to handle pressure and tight deadlines are essential.
Description
Job description / Role
Job Type
Full Time
Job Location
Abu Dhabi, UAE
Nationality
Any Nationality
Salary
Not Specified
Gender
Not Specified
Arabic Fluency
Not Specified
Job Function
Accounting & Audit
Company Industry
Finance, Investment & Asset Management
Job purpose
The purpose of the job is to manage the MI reporting and drive financial performance for International Banking Division. Key responsibilities include:
Enable financial data to provide a full picture about the business position with robust MI design and MI governance.
Collaborate with Group FP&A and Group Products & Segments Business Finance functions to drive smooth and seamless MI reporting process for International Banking with standardized and consistent MI format across products, segments, and countries MI reporting.
Plan and set targets to ensure international business is successful.
Prepare and manage the monthly MI reporting cycle for International Banking Division covering month end actuals, budget and forecast, with strategic results commentary to create a broad understanding of the International Banking Division financial performance.
Act as the primary point of contact (representing International CFO) for International Banking MI governance and MI reporting design and implementation with strong data skills and reporting system knowledge.
Act as the primary point of contact (representing International CFO) to support various MI transformation, reporting automation, budget and forecast process and system changes projects implementation.
Key accountabilities
Shows good drive and initiative with strong interpersonal skills.
Ability to work under pressure and within tight deadlines.
Ability to interact with multiple stakeholders across the bank.
Effectively coordinate, communicate and build excellent relationships with key stakeholders across Group Finance, country Finance, product and segment Finance, etc.
Job context
Month end process
Prepare and manage the monthly MI reporting cycle for International Banking Division to report and explain the month end actuals. Ensure results are accurate or clearly highlight any known issues.
Produce and/or manage the production of monthly MI packs for International Banking Division, highlighting the actual results and forecast with strategic commentary to create a broad understanding of the International Banking Division financial performance.
Ensure MI packs production is well-managed with data controls and checks to ensure MI quality (accuracy and completeness) and with timely delivery to relevant stakeholders across International Division and Group, including the following MI packs:
Flash pack
MI pack
Forecast & pipeline pack
Business review pack
N1 & N2 BSC pack
Implement appropriate maker/checker controls for all MI packs.
Ensure the monthly/quarterly (or any specific periodical window) PcP and budget adjustment process is well-managed for International Banking Division, by having effective process and communication with country Finance teams, Group FP&A team, Group products/segments Finance teams to put in necessary PcP and budget adjustment with appropriate adjustment DOA approval.
MI governance
Develop and manage the International MI reporting governance framework to determine necessary MI scope (what is required to provide robust and factual insights on financial performance), MI schedule (when can the MI packs be ready for timely business decision making), and MI quality (what controls are required to ensure MI accuracy and completeness).
Design and build International MI reporting models and align with Group FP&A and other Product MI/Segmental MI reporting teams to ensure consistent implementation across international locations.
Build and maintain efficient MI working files to enable smooth and seamless MI packs production (for MI completeness and timeliness), with built-in data validation controls (for MI accuracy).
Build and maintain standardized financial MI data and presentation models by coordinating feedback and financial presentation requirements from business stakeholders from International and Group.
Roll out standardized financial MI data and presentation models to country Finance teams and guide the country Finance teams to apply the standardized models consistently for country strategy presentation and business review presentation.
Design and build robust MI data model to support strategic analysis (both regular and ad hoc basis).
Be the primary point of contact (representing International CFO) to support various MI transformation, reporting automation, budget and forecast process and system changes projects implementation.
Budget & forecast process
Be the primary point of contact (representing International CFO) for International Banking Division's budgeting and forecasting process, including budget and forecast system changes projects implementation.
Implement and manage process flow to enable the monthly rolling forecasting framework with structured work process across International locations.
Develop and maintain efficient process flow to aggregate country bottom-up forecast as the International divisional level bottom-up forecast, covering all necessary MI aspects, including key PL and BS lines, products, segments/sectors, and corridors.
Drive the annual budgeting process for International Banking Division by pulling country bottom-up budget through a structured process and communication with country Finance teams.
Be the primary point of contact (representing International CFO) for the annual budgeting process to drive the country Finance teams for timely submission of country bottom-up budgets and ensure the country bottom-up budgets quality (sensible budget with growth assumptions in line with Group FP&A guidance).
Engage various budgeting stakeholders via a structured process and communication plan (including Group FP&A, product Finance teams, segments Finance teams, Group Treasury/ALM, Credit and Risk, country Finance teams, international management team) to ensure budget and forecast are complete and holistic, highlighting key risks and opportunities to drive financial performance.
Strategy and business review
Participate actively in country business review and International business review by providing strategic inputs on key financial insights, including key trends and drivers by products, segments, countries, corridors, key clients, and key GLs.
Prepare or critique business cases or initiatives aimed at enhancing country or International performance.
Oversight & operational deployment
Whenever necessary, connect country Finance teams with International Business Financial Analytics and International Financial Governance teams and relevant Group Finance teams on issues pertaining to MI/FP&A, budgets, financial control, taxation, and provide input from the regular financial assessment and investigation.
Be ready and able to provide hands-on FTE capacity to regional or country finance projects with heavy workloads, staff absence, cross training, and contingency planning.
Provide thought leadership to country Finance teams in subject matters that cover the full spectrum of Group Finance activity (FP&A, Business Partnering, Treasury, Financial Reporting, Tax and Control).
Frameworks, boundaries, & decision-making authority
Group Finance policy adherence
Group FP&A policies and procedures
Delegated authorities determined by operational deployment as and when they occur
Qualifications & experience
Minimum qualification
Degree or professional qualifications such as ACA, CPA, MBA. Relevant accounting or tax qualification preferred.
Minimum experience
Minimum 10-12 years of experience with Finance/FP&A in Banking.
Good accounting principles knowledge.
General corporate tax and transfer pricing experience preferred.
Some knowledge of IT systems and use of tax accounting system.
Banking/financial services industry experience required.
Work experience across a number of countries preferred.
Strong communication and interpersonal skills.
Attention to detail.
Quick learner and self-motivated.
Able to record issues and propose solutions with good document management skills.
Ability to handle pressure and tight timeframes.
About us
First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.
Life at FAB
Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization.
Career development
FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.
Our values
At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globally that rewards your hard work and dedication.
Join our team and be part of a journey to shape the future of banking.
Apply Now