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.



AVP - FCR, is responsible for overseeing and preparation of financial statements in accordance with International Accounting Standards and IFRS, maintaining cash accounts, assist for Audit, Settlements with Stock Markets, Payable Management, Budgets, Strategy Development and Operating Models as designed by FAB. He must work within policy, procedures of the Bank and in compliance with Stock Exchange and Securities & Commodities regulations.

Further to ensure that the above financial and Operational related activities of the department are executed in an effective manner to provide the best services to the organization and to valued customers. Ensure the elimination of all financial risks associated with the department and to deliver the best to the fullest satisfaction of superiors and colleagues.

JOB DIMENSIONS:

Revenues/ Budget:

• No direct allocation of Revenues/Budget being in back-end operation.
• Expenses control is exercised by proactive notification to business on budget allocation and analysis V/s budget.

Direct Reports:

Management:

• Performance analysis with commentary on variances for monthly management meeting.
• Broker performance Cost coverage for business analysis.
• Margin Trading Reports with Company\'s eligibility, client wise Limit, Utilization, and eligibility.
• Broker Incentive report incorporating scheme rules reflecting Revenue Cost coverage and Eligibility.
• Weekly performance analysis report for management information and action.

Regulatory :

• Regulators reports (i) Segregation Report (ii) Capital Adequacy & (iii) Client Ageing Report (iv) Financial Report.
• Submission of Monthly Compliance Confirmation report.
• preparing Quarterly & annual Financial Statements.

Indirect Reports:

• Ageing report submission to Group for monthly analysis.
• Submission of dormant detailed report to regulator.

KEY ACCOUNTABILITIES:

• Payments to clients/vendors thru SWIFT/Demand drafts, verification, authorization and reconciliation.
• Accrual of expenses on prepaid, premises, Allocations from group, other businesses accounting, verification and reconciliation.
• Quarterly external audit, PBCL submission, Liaison, financial preparation, GF approval, final submission and disbursal.
• Annual Budget - discussion with business , draft with explanation, discussion with GF, final with explanation to business and group.
• Reconciliation of all suspense accounts, market position, multi-currency accounts, Transit accounts, GL accounts and complying with OneFc guidelines.
• Analysis report on feasibility, product viability, expansion possibility etc as and when requested by business and group.

Prepare & check the following: * Support in Settlement operations of FABS with DFM/ADX.

• Assist Settlement of FAB funds/ Custody Trades
• Support for preparation of Monthly Management Reports
• Support preparing Quarterly & annual Financial Statements
• Maker of daily Swifts for receipts and payments.
• Documentation of Expenses/ Income vouchers.

Efficiency

To manage and organize resources in efficient and effective manner to enhance efficiency.

Analyse the process to look for any gaps within the system, to better the same and maximize efficiency by effective time management for benefit of the organization to adhere to all set deadlines.

Specific Accountability

• Performance reports, financial analysis, Broker wise analysis, run rate report, peer analysis with tips to business in monthly management pack.
• Margin Trading - Interest Reflection, accounting and control of client accounts, limit setting, daily reconciliations and reporting.
• Broker incentive scheme, collection of referral data, calculation, verification handling opened to end process till payment done thru HR.
• Performance reports, financial analysis, broker wise analysis, run rate report, peer analysis with tips to business for improvement and corrective action wherever warranted.
• Regulators Reports - Compilation, uploading of approved reports in XBRL system, including financial reports.
• BSC for business, data compilation for setting objectives and monitoring of actuals v/s targets and reporting.
• Settlement overseeing for Fixed Income. GCC and International market trades, covering of call accounts, control sheet adaptation and reconciliation.
• Management of broker errors, calculation, approval, adaptation of data base, reporting to Credit & Risk closure of cases coordinating with risk dept.
• Overseeing all currency positions and making suitable coverage.
• Administer market settlement, Brokerage com, Customer payable in TN system with daily recon for operations to commission.
• Reconcile and control all FCY position not to incur any cost on the same covering same day.

Qualifications

Minimum Qualification: Candidate should have relevant experience in the same market for at least 5 years.

Minimum Experience: Should be able to handle all tasks as instructed by the Head of Finance

First Abu Dhabi Bank