Assistant Manager – Treasury Business Performance

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, Semi-annual & 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 post-qualification 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.

ABOUT US

ENBD

Meet the leading banking group in the region

Emirates NBD, the leading Banking Group in the MENAT region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across Corporate, Retail, Islamic, Investment, and Private Banking, Global Markets & Treasury, Asset Management and Brokerage operations throughout the region.