VP, Governance and Control (Emiratized)

JOB SUMMARY / INTRODUCTION The main purpose of the role is to effectively manage financial control within Business Finance - Finance - Personal, Business, Wealth and Privileged Client Banking Group. Provide accounting guidelines to business, set-up accounting processes, review and correct divisions booking in line with accounting standards. Act as the spoc for Business, Finance and MI related Projects, manage audit and risk process for Business Finance. Manage the reconciliation for division owned accounts, Manage and control discretionary authority within the business. KEY RESPONSIBILITIES Initiate various financial control measures within the division to avoid wrong financial treatment and operational loss. Closely coordinate with group control team for resolution of any reconciliation breaks within the division. Participate in the audit discussion for business finance specific or business division in generic for the audit programs. Review audit comments and agree on the 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 the 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. Conduct monthly review of Discretionary Authority utilization by business units. Collate, review and verify the accuracy and utilization by Discretionary authority holders. 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. Provide accounting guidelines for the associated business processes. Review and confirm treatment in relation to booking of balance sheet and P & L in coordination with Group Finance. Own and reconcile the internal accounts under Business Finance ownership. Ensure appropriate records and back up for reconciliation carried out. Ensure completion of AOV sign off on monthly basis for accounts owned. Closely review the 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 the policy. Provide daily variance report on balance sheet and confirm accuracy of the growth/drop in the balance sheet. Participate in discussions related to specific financial projects as and when assigned. Coordinate with Business partners and IT units in driving such projects for the division. Manage the direct reports under the position. Ensure job enrichment and development of the team members reporting into this line. REQUIREMENTS / QUALIFICATIONS Professional Degree in Accounting / Finance. Prior experience in Bank’s financial department in similar roles Strong understanding of Retail Banking Business. Prior managerial experience is required Committed team player with strong interpersonal and communication skills. Preferred / Beneficial CA/ACCA/CPA certification preferred

Professional Degree in Accounting / Finance. CA/ACCA/CPA certification preferred. Prior experience in Bank’s financial department in similar roles. Strong understanding of Retail Banking Business. Prior managerial experience is required. Committed team player with strong interpersonal and communication skills.

Manage financial control within Business Finance - Finance - Personal, Business, Wealth and Privileged Client Banking Group. Provide accounting guidelines to business, set-up accounting processes, review and correct divisions booking in line with accounting standards. Act as the SPOC for Business, Finance and MI related Projects, manage audit and risk process for Business Finance. Manage reconciliation for division owned accounts, manage and control discretionary authority within the business. Initiate financial control measures to avoid wrong financial treatment and operational loss. Coordinate with group control team for reconciliation issues. Participate in audit discussions, review audit comments, and agree on risk ratings. Ensure closure of audit comments related to financial treatments and reporting. Set up division’s RCSA matrix and complete Risk Assessment Matrix for the division. Conduct periodic risk control self-assessments and initiate risk mitigating actions. Conduct monthly review of Discretionary Authority utilization and verify accuracy. Review incentive booking and distribution; perform sampling to ensure incentives align with policy guidelines. Provide accounting guidelines for associated business processes. Review and confirm balance sheet and P&L bookings in coordination with Group Finance. Own and reconcile internal accounts under Business Finance ownership. Ensure records and backups for reconciliations. Ensure monthly AOV sign-off for accounts owned. Review segment code changes and account transfers within Personal, Business, Wealth and Privileged Client Banking. Ensure transfers comply with policy and approvals. Initiate corrective actions including escalation for transfers outside policy. Provide daily variance reports on balance sheet and verify growth/drop. Participate in discussions on specific financial projects and coordinate with Business partners and IT units. Manage direct reports and focus on career development of team members.