VP, FP&A Business Finance - Islamic Banking

JOB PURPOSE: The main purpose of the role is to handle various finance-related matters for Islamic Banking Business. This job plays a key role in providing support and in-depth business insights and information to support strategic decision-making. The job holder acts as a finance business partner to the FAB’s Islamic Banking Business heads and will be responsible for supporting the strategic development, business planning, budgeting, and business performance management aspects, in addition to ensuring strong financial control and reporting standards are applied to meet the overall strategic objectives. The role interacts with various business personnel and supports the provision of in-depth analysis related to products and market contexts, to support the roll out of the business strategy. Further, the role will support with the systems implementation of relevant finance projects, in partnership with other stakeholders from Group Finance, business teams and technology partners, in addition to managing and mentoring a junior team members. KEY ACCOUNTABILITIES: Generic Accountability • To act as a Business Finance Partner for Islamic Banking and provide advisory insights to the business. • To act as a trusted finance advisor on business performance and strategic issues. • To support and lead with the regular performance reviews conducted with the business. • To manage the preparation of monthly management reporting packs. • To support with the annual budget exercise and monitor financial performance vs budget. • To act as a liaison with Group FP&A to ensure accurate product/line of business for upstream data integrity. • To assess and ensure transparency in the financial performance of the business divisions. • To ensure that disclosure of our financial performance meets regulatory requirements and other relevant standards (accounting, governance, etc.). • To support managing various financial control and risk management dimensions for the business. • To support managing external and internal audit requirements, and successfully address all audit findings and recommendations implementation. • To contribute towards the learning and development of junior members the team to enable them to perform their roles in an effective manner. Job Context Specific Accountability • Support with the review of the financial performance for Islamic Banking Businesses and provide objective, value added commentary and insights for the business. • Support Group Finance functions on matters associated with Islamic Banking, specifically for financial and regulatory reporting, treasury matters, financial performance management and analysis, tax and financial control. • Provide advice to the relevant business teams on new/existing products, processes and business arrangements relating to financial and regulatory reporting compliance. • Identify key risks within the Islamic Banking Businesses, particularly financial, and coordinate relevant stakeholders as appropriate to put in place appropriate risk mitigation plans and ensure risks are incorporated into the business planning and strategy phases. • Coordinate with Group Treasury on any FTP, balance sheet, capital and liquidity management matters affecting the Business and pricing. • Review the budgets for key strategic projects and change management initiatives for Islamic Banking & NHL, and ensure they are effectively managed and monitored across teams. • Monitor the performance of Islamic Banking and use MI reports to enhance performance and aid strategic decision-making as well as manage areas of under-performance. • Ensure accurate and timely MI reporting to assist business partners and management in decision making with detailed analysis – covering revenue, costs, balance sheet lines, AUM balances and key ratios. • Preparation of the rolling forecast in collaboration with Business / product heads in the UAE and the rel

Act as a Finance Business Partner for Islamic Banking and provide advisory insights to the business. Serve as a trusted finance advisor on business performance and strategic issues, and lead regular performance reviews with the business. Manage the preparation of monthly management reporting packs. Support the annual budget exercise and monitor financial performance versus budget. Liaise with Group FP&A to ensure accurate product/line of business upstream data integrity. Ensure transparency in the financial performance of the business divisions and that disclosures meet regulatory, accounting, and governance standards. Support managing financial control and risk management dimensions, and assist with external/internal audits and implementing audit recommendations. Contribute to the learning and development of junior team members. Review financial performance for Islamic Banking Businesses, providing objective commentary and insights. Support Group Finance on financial and regulatory reporting, treasury matters, financial performance management and analysis, tax, and financial control. Advise business teams on new/existing products, processes, and arrangements relating to reporting compliance. Identify key risks within Islamic Banking and coordinate stakeholders to implement risk mitigation in planning and strategy. Coordinate with Group Treasury on FTP, balance sheet, capital and liquidity management matters affecting the business and pricing. Review budgets for strategic projects and change initiatives for Islamic Banking & NHL, ensuring effective management and monitoring. Monitor performance using MI reports and provide detailed analysis of revenue, costs, balance sheet lines, AUM balances, and key ratios to aid decision-making.