AVP, Business Finance - Coverage & GCF; Emiratized

JOB PURPOSE

The WHOLESALE, IB & International Business Finance team comprises of individual functions globally supporting the following products;
Global Corporate Finance, Transaction Banking, Global Markets along with the Coverage function for Investment, Corporate & Commercial Banking. The unit falls under the Group Finance department and reports to the CFO - WHOLESALE, IB & International.

Key priorities of this role include:

• Act as a trusted Finance advisor on business performance & strategic issues specific to the business
• Providing world class financial reporting & support services, adding value through providing professional, independent & objective financial advice, which assist in the achievement of business objectives whilst complying with Group policies and standards, and external statutory obligations.
• Production of financial & management accounting reporting statements for the functional area of responsibility in line with Group reporting standards, whilst maintaining a robust control environment.

The Business Finance function(s) are responsible for all finance matters specific to the business including, but not limited to;
Performance, Control, Forecasting, Budgeting & Strategy. In addition, the function provides a key support role to other Group Finance functions, Treasury, Central FP&A, Tax as well as Financial & Regulatory Reporting.

• Enhance value added business partnership to drive business performance. Provide strategic financial support and guidance to the Investment Banking business, ensuring alignment with overall group objectives.
• Budgeting and Forecasting:
  Assist with the budgeting, forecasting, and financial planning processes, ensuring accuracy and alignment with business goals.
• Financial Analysis:
  Conduct detailed financial analysis, including customer & segmental profitability analysis, cost management, and performance metrics, to support decision-making.
• Reporting:
  Prepare and present financial reports, including monthly, quarterly, and annual MI to senior management and stakeholders.
• Compliance and Governance:
  Ensure compliance with financial regulations, internal policies, and governance standards.
• Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

• Contribute towards and ensure that Finance act as a key business partner for the Coverage business and trusted advisor on business performance and strategic issues, helping to drive the business forward
• Provide key inputs where necessary on across business management forums; MIS reviews as well as contribute towards value added commentary and insight encompassing the related products where necessary
• Contribute towards the development & rollout of Customer/Segment MIS to support IB globally
• Comprehensive P&L analysis including detailed analysis and interpretation of daily, weekly & monthly performance of Coverage.
• Assist with periodic segment/ sector analysis, holding customer reviews with the business
• Key business finance contact for all International Coverage queries, leading discussions, as appropriate, with both the business as well as relevant enablement functions.
• Provide relevant support to VP and SVP, Business Finance, ensuring all business transacted is ‘compliant, safe and sustainable’
• Managing the day to day and month end controls of P&L and Balance Sheet reconciliation, substantiation and reporting for Coverage
• Development and ownership of Coverage relevant policies and accountability for adherence therewith. Identification & reporting of any policy breaches. Development and implementation of Global operational financial policies and procedures for the specific functional areas.
• Ensure compliance and control of specific accounting processes and practices for proposed new product initiatives or product variations.
• Maintain Key linkages & strong working relationships with senior business leaders within Coverage, Group Finance as well as Senior Management across other enablement functions.
• Work with Treasury on…