Senior Analyst, Financial Control

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

The main purpose of the role is to support the Manager, Financial Governance in establishing and maintaining financial accounting procedures for the bank and ensuring compliance with reporting requirements from the local regulators specially the CBUAE; strengthen the Financial Reporting function to enable excellence in process design, implementation and controls as well as to ensure adequate back-ups for all key processes and functions.

Principal Accountabilities:

- Support the preparation of annual and interim financial statement along with financial disclosures in line with applicable regulations and requirements of other regulatory bodies for CBD and all the legal entities.

- Support in the implementation and maintenance of the Balance Sheet Reconciliation and Substantiation framework, ensuring that appropriate reconciliations, substantiations and attestations are completed.

- Support in the preparation of the monthly Financial Governance meeting packs and follow up on all open action points.

- Perform GL maintenance, investigate discrepancies and ensure resolution on a daily basis.

- Support with the opening or closing of GL in line with the bank's procedures.

- Create and maintain an up-to-date timeline and responsibilities to inform stakeholders of necessary deadlines for the financial and regulatory reporting.

- Maintain and monitor the monthly Financial Reporting team's KPI, checklists and open points as per the self-identified issues.

- Support with the continuous assessment of the month end/quarter end close process and identify process re-engineering opportunities to reduce the time required for month end and quarter end reporting.

- Support with the update of all necessary financial policies and accounting practices; improve the finance department overall policy and procedure manual and ensure in complying with internal financial and accounting policies and procedures.

- Prepare and submit the relevant monthly reports for ratio calculations.

- Support with the production of quarterly financial statements substantiation and attestation folders.

- Support with ad hoc financial analysis from time to time, to assist the management in evaluating profitability of income streams and potential for cost efficiencies. Preparation and updates to publications like annual general meeting packs and annual report.

- Take on other areas of accountabilities through job rotation within the Department to gain wider exposure, experience and knowledge, also helping improve the performance of the team.

Qualifications and Experience:

- Chartered Accountant with superior accounting skills and experience preferred.

- 5+ years experience in finance / accounts functions preferably in an international financial services organization

- Public practice experience preferably with a big 4 auditing firm

- Experience working in international financial services organization managing balance sheet reconciliation, substantiation and attestation practices preferred

- Knowledge of finance, commercial and accounting concepts, processes and procedures

Skills:

- Good command of English and Arabic

- Exceptional analytical skills

- Report writing and presentation skills

- Excellent numeracy and accuracy

- Strong technical knowledge of International accounting Standards (IFRS) / GAAPs