Job Purpose:
- The job holder is part of the Global Markets & Treasury Business Finance team responsible for providing insightful Finance support to the Segment/ Product Heads in GMT business in key tactical and strategic decision making. The job holder will support the Segments/ Products business teams to provide analytics and support decision making and ensuring that Group financial policies and control framework are consistently applied across the segments/ products in GMT business units.
Duties and responsibilities:
- Review of front office desk profit and loss reports
- Provide commentary for the P & L and substantiate the P & L to Front Office
- Understand Business requirements and delivering expectations
- Test effectiveness of hedges and maintain documentation
- Hedge accounting & Financial reporting
- Ensure that hedge accounting is performed in line with IFRS 9
- Provide Business Requirement Document for new system implementation and upgrades to existing systems.
- Perform User Acceptance Testing for projects.
- Monthly Quarterly Semiannual & Annual commentaries & Analytics on Treasury B/s movements market drivers & business activities.
- Review the Market Conformity reports and ensure escalation to appropriate level.
- Review and analyze key market / operational risks
- Assess whether existing control procedures are sufficient to mitigate risks to an acceptable level
- Introduce new controls to enhance control environment
- Automation projects to eliminate operational risk
- Periodic deep dive sessions with business focusing:
- Performance assessment related MI
- New initiatives / projects
- Periodic Business performance reviews
- Provide independent valuation and analysis
- Ensure all investments are valued using independent pricing source and a sound rationale is used for valuing unlisted or thinly traded investments.
- Review the portfolio marking vs IFRS requirements.
Qualifications:
- University Degree or a qualified accountant
- (ACCA CFA CIMA ACA) preferable
Experience knowledge and skills:
- Between 3 5 years of postqualification experience in the Finance function of a large bank with exposure to understanding of Treasury products and its lifecycle Hedge accounting and IFRS 9 reporting.
- GCC
- Banking & Financial Services
- Should possess knowledge of Treasury products & transactions and have knowledge of relevant banking regulations.
- Commercial acumen an enquiring mind and an understanding of the market and financial dynamics would be a distinct advantage.
- Strong written and oral communication skills and ability to interact at senior management levels.
This job has been sourced from an external job board.
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