Head of Governance, Risk Control

4 days ago


Dubai, United Arab Emirates Al-Futtaim Full time

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

We are currently seeking a treasury professional to join our Global Treasury Center team in the capacity of ‘Head of Governance, Financial Risk Control & Treasury Transformation’.

**JOB PURPOSE**

The Head of Governance, Financial Risk Control & Treasury Transformation will run a team in charge of all Group treasury operations, namely managing risks within GTC, ensuring compliance with all internal and external obligations, managing governance and reporting, as well as treasury transformation projects on behalf of the Al-Futtaim Group entities, on a division agnostic and global basis (including the GTC Egypt spoke).

In particular, the Head of GRCT will have full responsibility for auditing and controlling the AFG In-House Bank managed by GTC on a global basis. The AFG In-House Bank (“IHB”) is a large portfolio of internal loans (short term and long term) and short term deposits managed by GTC, providing funding services to all AFG group entities on a global basis, including the GTC Egypt Spoke.

The GRCT team will also work with the countries not covered by GTC, and ensure that treasury policies are rolled out / complied with.

In conjunction with the other functions within the Global Treasury Center, the Head of GRCT will assume overall responsibility for activities including:

- Develop, review and monitor compliance with treasury policies across the Group. Roll-out and communicate treasury policies to all divisions and regions, including standalone finance and treasury functions
- Manage all aspects of the GTC governance, including compliance with SLA’s with the divisions, RACI’s, policies, monitoring of all risk exposures, maintenance of treasury reporting and committee meetings with Group CFO / CEO, as well as reporting to Divisions / Businesses
- Management and financial controlling for the In-House Bank, a global portfolio of interest-bearing internal loans and deposits centrally managed by GTC
- Ensure compliance with all internal and external obligations (internal policies, DOA, bank covenants, etc)
- Financial Risk management, including analysis of risk management (hedging) transactions, and of risk exposure created by the GTC Front Office functions (GTC-Corporate Financing, GTC-Cash Management & Trade Finance and GTC-Financial Risk) within GTC and across the Group including standalone finance and treasury functions
- Develop and monitor KPI’s and reporting tools, and ensure timely reporting to Group Treasurer and Group CFO. Promote automation of reporting in conjunction with EIT
- Act as a leader in treasury transformation for further roll-out of Treasury & Risk Management Systems (“TRM”), automation initiatives (including automated cash pooling strategies) and treasury processing activities. Ensure that IT infrastructure and information systems are able to support best in class treasury operations, on a global basis (including the GTC Egypt spoke)

**KEY ACCOUNTABILITIES**

**Strategy and Policy**
- Propose amendments and updates to the group’s treasury strategy and strategic guidelines
- Manage all aspects of treasury policies, including developing new Group wide treasury policies covering all functional areas under Treasury’s remit, maintaining existing treasury policies, and ensuring full compliance with policies’ objectives
- Roll-out and communicate relevant policies to all divisions and regions - including standalone finance and treasury functions
- Review financial risk management strategies and policy amendments proposed by treasury functional heads and provide feedback on their potential impact on the group’s risk profile and financial performance

**Governance**
- Manage all aspects of Treasury governance
- Develop and maintain SLA’s and SOP’s to govern best in class treasury activities in coordination with GTC front office functions, and key touch points with Divisions and Business Units
- Ensure compliance with SLA’s and RACI’s agreed with divisions and business units
- Review of existing and amendments to banking delegation of authorities (DOA)
- Draft and prom



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