VP, Business Finance - Coverage, Corporate & PCG

Company Description

Now it's your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We're looking for the brightest and best to help us reach our goals and we'll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
Job Description

JOB PURPOSE:

The CCIB & IB Business Finance team comprises of individual functions globally supporting the following products; Global Corporate Finance, Transaction Banking, Global Markets along with the Coverage function. The unit falls under the Group Finance department and reports to the CFO, CCIB & IB

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 area of responsibility in line with Group reporting standards, whilst maintaining a robust control environment.
• The CCB 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:

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.

Generic Accountability

Business Partnering

• Enhance value added business partnership to drive business performance

Reporting

• Preparation & development of best in class MIS reporting which meets the needs of Business, Department & Group

Continuous Improvement

• Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Products, Policies, Systems, Processes & Procedures

• Provide inputs for implementation of policies, new products, systems and procedures for the CCB Business Finance team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Specific Accountability

• Ensure that Finance act as a key business partner for Corporate & Commercial Banking Coverage and trusted advisor on business performance and strategic issues, helping to drive the business forward
• 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 CCB products where necessary
• Contribute towards the development & rollout of Customer/Segment MIS to support CCB & International
• Comprehensive P&L analysis including detailed analysis and interpretation of daily, weekly & monthly performance of CCB 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.
• Provide relevant support to SVP, Business Finance, ensuring all business transacted is 'compliant, safe and sustainable'
• Managing the day to day and month end controls of P&L and Balance Sheet reconciliation, substantiation and reporting for Coverage
• Development and ownership of Coverage relevant policies and accountability for adherence therewith. Identification & reporting of any policy breaches. Development and implementation of Global operational financial policies and procedures for the specific functional areas.
• 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.
• Maintain Key linkages & strong working relationships with senior business leaders within both Coverage, Group Finance as well as Senior Management across other enablement functions.
• Work with Treasury on any FTP, capital and liquidity matters affecting both Coverage & CIB products as required
• Provide input to wider Finance strategy activities and strive to work together effectively on overall regional and global programs.
• In conjunction with FP&A, 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.
• Engender a culture of continuous improvement within the CCB Business Finance team, ensuring that operations are kept continually under review and that all opportunities for re-engineering and achieving economies of scale are identified, implemented.
• Review existing systems / processes / procedures and MIS to proactively identify areas of improvements.
• Provide leadership, inspire & help develop the CCB Business Finance function.

FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY:

• Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
• Authorised to take decisions as per the approved authorisation matrix.

Qualifications

QUALIFICATIONS & EXPERIENCE:

Minimum Qualification

• Qualified Finance Professional eg ACA/ICAEW, CIMA, CFA
• Technical knowledge of Wholesale & Investment Banking products
• 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
• Proven leader with an ability to influence strategic decisions at a senior management level
• Excellent communication skills with a high degree of personal integrity who can deliver under pressure

Minimum Experience

• 10 years' relevant experience from a leading International bank(s)