Job description

Job Purpose:

To lead and direct the development and implementation of the finance strategy for Priority Banking business of the Group and oversee the financial affairs of these functions including forecasting, budgeting, analysis, reporting and provide advice, in order to ensure these activities are carried out accurately, timely and as per required local and international regulations, standards, policies and procedures

Duties and Responsibilities:

Strategic Contribution

Ensure effective cascading of the functional strategy into department business plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.

People Management

Manage the effective achievement of assigned objectives through the leadership of the department by setting of individual objectives, managing performance, developing, and motivating staff to maximize sectional performance.

Lead the talent development initiatives for the assigned department, collaborating with CBI technical/discipline experts and thereby ensure the availability of talent to fit business requirements.

Act as a role model and drive adherence to organizational values and ethics by employees of the assigned department to foster a value driven culture within the bank.

Budgeting and Financial Planning

Manage the preparation and recommend the department budget and monitor financial performance versus the budget while ensuring all sectional activities are conducted in line with the approved guidelines.

Policies, Systems, Processes & Procedures

Manage and ensure effective implementation of functional policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Business Partnership and Advisory

Act as a business finance partner for Priority Banking business within the Group and a trusted advisor on business performance and strategic issues, in order to create a real and active partnership that would add value to assist decision making.

Represent finance function for all necessary business management forums and review financials with value added commentary and insight specific to Priority Banking finance, in order to ensure provision of relevant inputs to the business.

Financial Services and Reporting

Direct and lead high quality and efficient Priority Banking and Wealth Management finance activities to ensure all related finance activities are carried out accurately, timely and in compliance with the relevant standards and regulations.

Lead the development of all required financial reports including regulatory reports, in collaboration with all function Heads in Personal Banking, and provide final approval on these reports, to ensure the reports are accurate, and developed on time, while adhering to the regulatory reporting requirements.

Financial Planning and Analysis

Direct the forecasting, planning, budgeting, and reporting for the Priority Banking businesses, and lead the Management Information System (MIS) and analytical reviews, to ensure all related activities are carried out accurately and timely, and the management is kept informed to take strategic decisions.

Operational Effectiveness

Manage the planning and forecasting of Priority Banking businesses and critically assess business performance and strategy against the Balanced Scorecard and Group’s overall goals, to ensure alignment and to recommend necessary actions in case of variances.

Relationship Management

Manage key relationships with the Group’s internal and external customers (including regulators, auditors, etc.) for all Priority Banking finance related work to ensure these relationships continuously support the achievement of the Group finance strategy.

Act as a central point of contact for Priority Banking finance functions and work with Treasury on any FTP (Fund Transfer Pricing), capital and liquidity matter as necessary, to ensure that these matters affecting Priority Banking products are handled efficiently.

Continuous Improvement

Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

Ensure that all unit reports are prepared timely and accurately and meet CBI requirements, policies, and quality standards.

Competency Profile:

Education:

Bachelor’s degree or Master’s degree

Professional / Technical Qualifications / Diplomas:

Very good understanding of Financial Statements

Experience:

A minimum of 15 years of experience in the Banking Industry, of which at least 3 years in similar positions of progressively increasing managerial responsibilities in a similar function.