Executive Manager,Financial & Internal Control - (UAE National Only)
Job Description
Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.
About the Business Area - Finance
As a Finance team, we are partners to the business in achieving the company's goals and driving the banks performance. We have been able to significantly add value in guiding and influencing decisions through our insight and understanding of the numbers.We focus on our clients and customers, on building deep and long-standing relationships and on improving the quality of our service and solutions; whilst balancing the pursuit of growth focusing on disciplined management of costs and risks, keeping a firm grip on liquidity and capital.
In this role, your key responsibilities include:
- The role covers a broad spectrum of responsibilities, including managing the finance control framework, overseeing both pre and post accounting period closure processes, and maintaining internal accounts substantiation.
- It also involves conducting thorough reviews for any new products or processes introduced.
- The role plays a crucial part in supervising financial operational risk processes, reviewing RCSAs, closing out audit observations, and ensuring strict compliance with all regulations.
- The role emphasis on auditing both financial and reputational risks, while also contributing to and facilitating communication around GL mappings, reconciliations, and consolidation of CoA issues within the team.
- The role further requires reviewing and approving data for both internal and external stakeholders, working closely with multiple departments, and keeping tight controls over sundry and suspense accounts.
- Maintain controls around sundry and suspense accounts and substantiation of the same on regular basis.
- Maintain controls around GL mappings and CoA of all the systems.
- Review of periodic system ledgers and sub-ledgers reconciliations.
- Consolidation, inter-company transactions and reconciliations including foreign currency accounting.
- Communicate and explain CoA issues and evolving GL mapping guidance to the relevant team.
- Control all Finance pre and post accounting period closure process.
- Maintain the Internal Accounts substantiation that supported with ageing analysis, understanding of accounts, along with the Monthly dashboard that covers both systems accounts. And ensuring the timely escalation of all finding.
- Performing a comprehensive review and placing edit checks before and after each new product or/and process ensuring that all related accounts are correctly mapped into and among systems.
- Completion of the operational risk processes providing the required operational risk deliverables within the agreed timelines and quality standards stipulated in the Group Operational Risk Policy, Framework and SOPs in order to support embedding sound operational risk management practices.
- Review all the RCSAs of the bank by June to identify/refresh the ICFRs related using the Scoping Document approach, accordingly coordinate with ORM to share all the controls tests results of the ICFRs. Then, check the existence of action plans of the ineffective/partially effective controls (if any) maintain a tracker, and highlight these deficiencies to management.
- Closing of internal & external Audit observations, by following up on action points with the owners for corrective actions & maintaining audit trial ensuring target dates & recommendations are met.
- Adheres to all local and international rules and regulations w/regards to Compliance, AML, KYC and Sanctions policies and procedures always.
- Seeks to minimise Financial and reputational risk of the bank risk
The ideal candidate should have the following experience:
- Only UAE Nationals will be considered (UAE Citizen / passport holder)
- At least 5 years of experience in a similar role
- Bachelor's Degree in Finance or Accounting
- Knowledge of Financial Tools
- Strong experience in Financial Accounting and Reporting
- Strong experience Internal Control
- Strong understanding of Basel Guidelines
- Managing Quality and Risk
- Knowledge and ability in the use of a personal computer and software applications (Microsoft Word, Excel, Access, PowerPoint)
- ACCA certification
What we offer:
Competitive Salary + Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.