Head of Product Control ALM Sales Performance Management

1 month ago


Dubai, Dubai, United Arab Emirates Emirates NBD dubai Full time
Job Title: Head of Product Control ALM Sales Performance Management

About the Role:

We are seeking a highly skilled and experienced Head of Product Control ALM Sales Performance Management to join our team at Emirates NBD Dubai. As a key member of our finance team, you will be responsible for designing and implementing an appropriate framework for accounting, controls, and performance matters across the Group.

Key Responsibilities:

  • Work closely with stakeholders across the Group to ensure information produced remains relevant and aids decision making.
  • Ensure daily P/L's are delivered on a timely and accurate basis.
  • Provide an analysis of trading results and explain variance with traders' estimates (P/L Attribution).
  • Creation of accounting plans for new products within the framework of international accounting standards.
  • Front to Back reconciliation and OGL to sub system reconciliation.
  • Ensure integrity and accuracy of accounting and reporting, and that all elements of revenue generation and costs are captured.
  • Ensure Compliance at GM&T to accounting principles and practices, and IFRS.
  • Review the hedge effectiveness testing results on periodic basis and ensure accounting is in line with the results and the standards.
  • Review impairment testing results and ensure impairment provisions are made in the General ledger in line with the standards.
  • Work closely with Head of Treasury Finance, Group Finance, Business Finance Heads, GM&T Business Heads and FIN ALM to produce forecasts for the GM&T business.
  • Establish a planning framework which enables modeling of key drivers of revenues, costs, balance sheet and their levers thereby facilitating accurate rolling forecasts.
  • Proactively highlighting risk and opportunities to drive tactical & strategic growth of business and effective cost management.
  • Track performance against budget/forecast and explain variance.
  • Ensure FTP charged is in line with the agreed methodology.
  • Responsible for ensuring a high standard of support for key projects/initiatives supporting the businesses and Finance's strategy, including changes in systems and products, changes in accounting standards.
  • Perform UAT of systems and ensure accounting is in line with the agreed plan.
  • Ensure effective control framework in place and maintained at various levels across GM&T business and related legal entities.
  • Proactively engage with relevant business heads and other stakeholders to identify and close any potential control gaps in a timely manner.

Requirements:

  • Should be a Qualified Accountant/CFA.
  • Experienced Product Control specialist with minimum 10 years post qualification experience in a large Bank with strong relevant experience across treasury products and verticals within Product Control.
  • Relevant experience of ALM highly desirable including funding center/FTP and hedge accounting for Treasury Products.

What We Offer:

We offer a competitive salary and benefits package, as well as opportunities for professional growth and development. If you are a motivated and experienced professional looking for a new challenge, please submit your application.



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