VP- Business Finance - IB
- Full-time
- Sub Division: Finance - CCB, IB & International
- Division: Group Finance
Company Description
Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.
We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Job Description
The CCB, IB & International Business Finance team comprises of individual functions globally supporting the following products; Global Corporate Finance, Transaction Banking, Global Markets along with the Coverage function for Investment, Corporate & Commercial Banking. The unit falls under the Group Finance department and reports to the CFO - CCB, IB & International.
Key priorities of this role include:
- Act as a trusted Finance advisor on business performance & strategic issues specific to the business
- Providing world class financial reporting & support services, adding value through providing professional, independent & objective financial advice, which assist in the achievement of business objectives whilst complying with Group policies and standards, and external statutory obligations.
- Production of financial & management accounting reporting statements for the functional area of responsibility in line with Group reporting standards, whilst maintaining a robust control environment.
The IB Business Finance function(s) are responsible for all finance matters specific to the 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 ACCOUNTABILITIES:
Generic Accountability
- Enhance value added business partnership to drive business performance. Provide strategic financial leadership and guidance to the Investment Banking business, ensuring alignment with overall corporate objectives.
- Budgeting and Forecasting: Lead the budgeting, forecasting, and financial planning processes, ensuring accuracy and alignment with business goals.
- Financial Analysis: Conduct detailed financial analysis, including customer & segmental profitability analysis, cost management, and performance metrics, to support decision-making.
- Reporting: Prepare and present financial reports, including monthly, quarterly, and annual MI to senior management and stakeholders.
- Strategic Planning: Collaborate with senior management to develop and implement strategic plans, including growth initiatives, capital allocation, and risk management.
- Team Management: Manage and mentor a small team of finance professionals, fostering a culture of high performance and continuous improvement.
- Compliance and Governance: Ensure compliance with financial regulations, internal policies, and governance standards.
- Stakeholder Engagement: Act as a key liaison between the finance department and other business units, building strong relationships and ensuring effective communication.
- Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
Specific Accountability
- Provide key inputs where necessary on across business management forums; MIS reviews as well as contribute towards value added commentary and insight specific to both Coverage & other IB products where necessary
- Comprehensive P&L analysis including detailed analysis and interpretation of daily, weekly & monthly performance of IB Coverage.
- Perform periodic segment/ sector analysis, hold customer reviews with the business
- Key business finance contact for all global Coverage queries, leading discussions, as appropriate, with both the business as well as relevant enablement functions.
- Managing the day to day and month end controls of P&L and Balance Sheet reconciliation, substantiation and reporting for Coverage
- Manage projects driven by new regulatory requirements in International locations to ensure the key criteria of the regulation is met in a sustainable, efficient and effective manner
- Ensure compliance and control of specific accounting processes and practices for proposed new product initiatives or product variations.
- Work with Treasury on any FTP, capital and liquidity matters affecting both Coverage & CIB products as required
- Continuously assess the quality of service provided to the principal customers and strive to ensure that the area adds value to their objectives through the provision of accurate and valuable financial data and advice.
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Qualifications
- Minimum of 8 years of experience in finance, with at least 3 years in a managerial role with leading International bank(s).
- Technical knowledge of Wholesale & Investment Banking products
- Bachelor’s degree in Finance, or a related field. MBA or relevant professional certification (e.g., CFA, CPA) is preferred.
- Proven ability in direct management of a finance team from a leading International Bank(s)
- Proven ability in liaising & dealing with Business leaders, CFO, Enablement heads, Auditors & external consultants
- Proven leader with an ability to influence strategic decisions at a senior management level.
Skills
- Strong financial acumen and analytical skills; Proficiency in financial modelling and forecasting.
- Excellent communication presentation skills with a high degree of personal integrity to deliver under pressure
- Excellent leadership and team management abilities.
- Ability to work in a fast-paced, dynamic environment.