Manager – ALM & Hedge Accounting

Job Description

Job Purpose:

The job holder is part of the Global Markets & Treasury Business Finance team responsible for leading a team and providing full range of MI & Business performance management support to to the division. Specifically, the following is expected:

• Stakeholder management – this involves developing / maintaining strong relationship with Global Markets & Treasury, Market / Credit Risk, Finance functions (BA, FR, Reg, Tax, other Business Finance streams), IT, Audit and Operations with objective of facilitating business support for the GMT division.
• Maintenance of control / compliance framework – continuously enhancing control framework, ensuring compliance with IFRS, Regulatory, Internal Bank policies
• Organization and further enhancement / optimization of product control activities such as: Daily / Weekly / Monthly level MI, enhancing commentaries with market drivers.
• Automation activities – review existing reporting landscape and formulate automation program, levering off existing IT solutions (MSBI, OACS etc).
• Closely working with foreign locations, to align service level to HO standards and cross train local finance functions
• Support FPA stream with provision of detailed commentaries within BS and PL, forward projection estimation and any analytics required for Business.
• Drive forecasting & budgeting cycle through engagement with business
• Build pipeline of insightful MI that can drive business decisions
• Motivate and develop team to enhance both technical and soft skills.
  
  

Duties and responsibilities:

• Organize / maintain daily PL reporting process for ALM desks
• Monthly Desk level MIS
• Support with insights periodic CEO business performance review packs
• Drive forecasting & budgeting cycles with businesses in UAE & International locations
• FTP analytics / key drivers
• ALM Revenue forecasts
• Organize / maintain processes in regard to financial control services including:
• Daily PL reconciliation to GL systems
• Monthly BS review / sign off of the BS exposures.
• Review of month end adjustments
• Maintain hedge documentation.
• Run hedge effectiveness measurement process for micro & macro hedging programs.
• Monthly, Quarterly, Semi-annual & Annual commentaries & Analytics on Treasury B/s movements, market drivers & business activities.
• Provide Business Requirement Document for new system implementation and upgrades to existing systems. Perform User Acceptance Testing for projects.
• 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
• Comprehensive analysis of activities performed onshore vis-à-vis risk assessment / HO policies / procedures
• End to end ownership of implementation / alignment
  
  

Qualifications:

• Accounting qualification
• Degree with specialization in Finance / Accounting
• CFA
• FRM
  
  

Experience, Knowledge And Skills

• Between 5-10 years of post-qualification experience in the Business Finance function covering Markets and Treasury products / segment
• Exposure and deep understanding of Treasury products, its lifecycle, accounting treatment, risk management and Front to Back interfaces.
• Hedge accounting and IFRS 9 reporting
• Managing and organizing team
• Experience with supporting ALM function of the Treasury
• Market / Credit / Capital risk management exposure
• 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.