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First Abu Dhabi Bank (FAB) · 7 hours ago

VP Finance Controller

Washington, DC

Full-time

Onsite

Senior Level, Lead/Staff

8+ years exp

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. The VP Finance Controller is responsible for managing critical areas under the Finance function, including oversight of financials, regulatory reporting, and compliance, while working closely with various business lines to ensure financial performance and governance.

BankingFinanceFinancial ServicesLending

Responsibilities

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 if applicable 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 a 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 Including (RORWA / RORAE / CI Ratio)

Analyse financial data by product and LOB to provide input to business to maximize RORAE

Provide revenue by customer data to RMs and support operational review

Prepare monthly financial commentary for US Business Review with Regional CEO

Regularly monitor RWAs to ensure compliance with Curacao CAR to maximize balance sheet optimization for FAB US

Prepare financial forecasts against budget

Primary contact for IFRS 9, coordinate accounting treatment with Group Finance

Prepare annual financial statements and disclosures in compliance with IFRS

Primary contact with external auditors

Provide support to and work in close coordination with the CFO to resolve all financial control and governance issues and observations raised through external / internal audit, regulatory inspections, Self-assessment process etc

Verify and review regulatory reports for US and Curacao (reporting includes Federal Reserve, b) Curacao reporting, Head Office Central Bank reporting, etc.)

Update Finance regulatory reporting process documents and work with HO Regulatory & Control to ensure controls over and accurate reporting of submissions

Streamline reporting documentation and work with integration team to ensure automation wherever possible

Qualification

Financial ReportingIFRS ComplianceRegulatory ReportingLeadership SkillsProfessional Accounting QualificationFinancial AnalysisSystems KnowledgeInterpersonal SkillsCollaboration SkillsAttention to DetailFlexibilityAdaptability

Required

University Degree in Finance / Accounting or a relevant subject BS/BA in finance or accounting

8-12 years of progressive finance/accounting experience, with at least 5 years in a leadership role

A professional accounting qualification (e.g. ACA, CPA, CA, ACCA or equivalent) is desirable

Good understanding of operating environment in Banks and a proven track record of delivery

Strong interpersonal collaboration and team skills including working with cross functional teams, proven flexibility, adaptability and reliability

Multiple projects, manage expectations and exceptional attention to details

Strong and proven leadership skills

Systems knowledge – Good level of Excel and power point expertise, well versed with MS Office

Company

First Abu Dhabi Bank (FAB)

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience.

Founded in 1979

Dubai, Dubai, ARE

1001-5000 employees