VP Finance Controller

Join to apply for the VP Finance Controller role at First Abu Dhabi Bank (FAB).

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance.

As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together.

As Financial Controller ("FC") the candidate along with the CFO is ultimately responsible for managing several critical areas under the Finance function including a) Oversight and Management of Financials of the bank, b) Structuring & Oversight of the Bank’s balance sheet, c) Financial Reporting including but not limited to (i) US regulatory reporting, (ii) UAE regulatory reporting, (iii) Coordination of independent financial auditors, (iv) Curacao reporting.

The FC is responsible for financial control deliverables including compliance with all internal and external financial policies and regulations. FC alongside with CFO works closely with all business lines including a) Global Markets, b) Loan Capital Markets, c) Relationship in putting in place financial budget, ensuring performance is tracked and acting as responsible and independent party for reporting purpose. FC is either a direct member or acts as backup to CFO in the following Senior Committees.

• FAB USA Branch ALCO (Asset & Liability Committee)
• FAB USA Branch Risk Committee
• FAB USA Executive Committee
• Remediation Working Group
• Integration Working Group

The candidate must be experienced in integration with strong knowledge of the following:
Fusion System, T-24, Murex, Intellect, IFRS9 System. The role entails significant leadership and contribution on several projects for the branch including integration, remediation, and growth. The candidate must have international experience in the above areas to create clear linkage between the US franchise, the parent in the United Arab Emirates, FAB businesses in Asia, Europe and the Middle East.

• Direct Reports:
  Country CFO
• Indirect Reports:
  Regional CFO, Finance – International, CEO – FAB USA

• Ensure coordination and completion of the monthly Account Ownership and Verification (AOV) exercise across all businesses within the entity.
• Consolidation, preparation & submission of the results of the monthly AOV exercise.
• Coordinate the monthly Balance Sheet Review meetings for all businesses.
• Conduct Conformance Testing of balances in the legal entity.
• Ensure that all FC reporting requirements (KRI’s, KPI’s etc) are met with timely delivery to all internal and external stakeholders.
• Assist the GFC in ensuring that all Group Finance units are fully in compliance with the Group’s new Financial Control Framework
• Assist US CFO in verifying and submitting US and Curacao regulatory reports.
• Work with US RMs to manage RWAs to ensure capital adequacy targets.
• Coordinate compliance with Group’s ORM policy framework.
• Assist US CFO to develop more automated and effective processes.
• Prepare PP presentations and provide analysis for Country Business Reviews
• Provide analysis to prepare budget and strategic projections for the US
• Update Finance process documents for regulatory reporting, implement controls to ensure integrity of reporting process.
• Key member of US integration team to streamline processing and implement new target IT stack.

• Carry out an analytical review of the entity Trial Balance / Statement of Condition
• Ensure full compliance with the Group GL maintenance and Manual Journals policy
• Carry out an annual review of all POS’s and GL’s in use in the business with a view to determine unused GL’s or POS’s requiring closure / blocking

• Preparation of FAB USA Country Pack which entails detailed analysis of the branch’s Balance Sheet / Financial Ratios…