VP, Governance and Control (Emiratized)

Role Overview

VP, Governance and Control (Emiratized) at First Abu Dhabi Bank - FAB.

Role Purpose

Manage financial control within Business Finance across Personal, Business, Wealth and Privileged Client Banking Group. Establish accounting guidelines and processes, ensure correct divisional booking aligned with accounting standards, serve as the single point of contact for Business Finance and MI projects, and manage audit, risk and reconciliation processes for the business.

Key Responsibilities

Financial Control & Compliance

• Initiate financial control measures within the division to prevent incorrect financial treatment and operational loss.
• Coordinate closely with the group control team for resolution of reconciliation breaks within the division.
• Provide accounting guidelines for associated business processes.
• Review and confirm treatment in relation to booking of balance sheet and P&L in coordination with Group Finance.

Audit & Risk Management

• Participate in audit discussions for business finance or the business division in generic audit programs.
• Review audit comments and agree on risk ratings.
• Ensure resolution and closure of all audit comments in relation to financial treatments and reporting for the business division.
• Set up the division's RCSA matrix in line with guidelines.
• Ensure timely completion of Risk Assessment Matrix for the division.
• Conduct periodic risk control self-assessments for the function and initiate risk mitigating actions.

Reconciliation & Accounts Management

• Own and reconcile internal accounts under Business Finance ownership.
• Ensure appropriate records and backup for reconciliation carried out.
• Ensure completion of AOV sign-off on a monthly basis for accounts owned.
• Manage reconciliation for division-owned accounts.

Discretionary Authority & Incentives

• Conduct monthly review of Discretionary Authority utilization by business units.
• Collate, review and verify the accuracy and utilization by Discretionary Authority holders.
• Manage and control discretionary authority within the business.
• Conduct close review of incentive booking and distribution.
• Perform regular reviews and initiate sampling process for incentive paid to be in line with approved policy guidelines for incentives.

Segment Management & Transfers

• Review closely segment code changes and account transfers within Personal, Business, Wealth and Privileged Client Banking segments.
• Ensure all transfers are within policy and as per prescribed approval process.
• Initiate corrective actions including escalation in case of any transfers outside policy.

Reporting & Monitoring

• Provide daily variance report on balance sheet and confirm accuracy of growth or drop in the balance sheet.

Projects & Stakeholder Coordination

• Act as the single point of contact for Business Finance and MI related projects.
• Participate in discussions related to specific financial projects as assigned.
• Coordinate with Business partners and IT units in driving such projects for the division.

Team Leadership

• Manage direct reports under the position.
• Ensure job enrichment and development of team members reporting into this line.

Qualifications & Experience

• Professional Degree in Accounting or Finance.
• Prior experience in Bank's financial department in similar roles.
• Strong understanding of Retail Banking Business.
• Prior managerial experience required.

Skills & Competencies

• Strong interpersonal and communication skills.
• Committed team player.

Additional Information

• CA/ACCA/CPA certification preferred.