Job Description

Job Title: Finance Analyst Corporate Title: Vice President Location: Riyadh, Saudi Arabia

Role Description:

Key Responsibilities include:

Responsible for MLKSA Finance:

Internal and external audits, Vendor Management approval on engagement letters

Financial Statements Audit

Client Money Review

Capital Adequacy Review

GOSI/non-GOSI AUP

Preparation of Financial Statements, working with APG

Representing Finance at Board meetings, Audit Committee meetings

ICAAP production including stress testing & Pillar 3 disclosures, coordinating the Working Group and presenting to Steering Group

Liquidity Risk and Capital Management Policies, and Contingency Funding Plans including testing and monthly cash flow forecasts

Monthly Capital Adequacy Reporting

Compliance with CMA Prudential Rules, KSA Company Law rules affecting Finance

Review of Trading PL, including reconciliation to GL, sign offs in BUCS and Bookmap, and proactive resolution of E2A breaks

Implementing the finance side of the Saudi CCP Project, providing sub-ledger accounting entry templates to Operations

Maintenance of Intercompany Service Agreements (SoW/SADB/TPSLA)

Month End close Journals in Oracle Cloud Ledger

Monthly commentary on BS and PL variances for both local IFRS reporting and US GAAP for close meetings and MLKSA CEO

Coordinating and testing the translation of Books and Records into Arabic

VAT, WHT & CIT Compliance including primary support for tax inspections and appeals, and implementing e-Invoicing and Contracts Information Filing

Quarterly CORPTAX updates for US GAAP tax provision and DTA.

Coordinating BS substantiation, assisting centralized teams by supplying support for their reconciliations

Reviewing BS reconciliations in detail including both BANA and local bank account reconciliations, promptly following up breaks

Completing and evidencing controls the monthly Supervisory Review

Administer the Saudi Corporate Card programs for joiners and leavers, reviewing the card BS reconciliation and resolving related issues

Update and maintain Finance procedures on the Finance SharePoint

Maintain lists of bank accounts, authorised signatories, authorised representatives and executive officers in BIS.

Proactively identify and then close self-identified audit issues

Work within the MENA finance team as a whole to develop knowledge share and provide appropriate levels of cover across MENA

The Team:

The Finance Analyst will play a key role in the MENA finance team, taking ownership and responsibility for Saudi Arabia Finance, as well as providing cover for UAE and Qatari Finance processes. The MENA based Finance team is a small unit of experienced banking and investment professionals. A positive professional attitude, teamwork and hands on proactive involvement will be critical for the success of the individual, team and function.

Core Skills:

Qualified accountant

A graduate degree in a financial subject

Excellent Excel skills, experience with Alteryx will be advantageous

Proven finance/management accounting experience gained within a regulated financial services institution, preferably within a global investment bank

Training with a major public accounting firm would be an advantage

Fluency in English & Arabic is essential

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

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