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Head of Finance - Retail Banking Group

Mashreq - United Arab Emirates

Posted 1 day ago - Over 10 views

Job Purpose HoF is responsible for developing the financial strategy for scaling up BAU business in addition to assessing new investments (innovation), at the same time ensuring compliance to legal, regulatory, and internal finance policies HoF will work closely with the executive team (GCEO, GHCA & HRBG) to evaluate and prioritize high-impact strategic projects HoF is responsible for conducting financial analysis, modeling, forecasting, and reporting efforts to ensure efficient financial operations for planning, budgeting, and Performance management purposes Key Result Areas • Manage the process of formulating Group’s Strategic plan and performance measurement system • Ensure alignment of RBG strategies with corporate level strategies. • Work closely with HRBG / HCA to support retail expansion plan across different countries in the new age Digital bank set up • Supervise finance offices in new / emerging markets and introduce performance measurement systems to review business performance • To effectively communicate, support and influence people (team) in order to have the right atmosphere in the workplace • To be the nerve center for RBG where information converge, business opportunities are filtered, critical decisions taken, and actions approved. • Carry out the strategic plan exercise and encourage discussions on business strategies, challenge the assumptions and provide feedback • Consolidate the approved strategies to financials and ensure that the results match with organizational expectations • Identify key indicators which the business needs to manage to ensure the above strategy / financial plan is achieved. • Develop performance measurement systems like sales / productivity MIS, product profitability report etc to track these key indicators, using new digital tools • Conduct fortnightly sales meeting with all the sales and distribution channels heads, business heads, credit head and HRBG to review sales performance, highlight risks and opportunities, convert discussion points to actionable items with accountability and regularly follow up to ensure execution of these actionable items • Conduct monthly review with HRBG to review segment and product P&L performance, highlight risks and opportunities, convert discussion points to actionable items with accountability and regularly follow up to ensure execution of these actionable items • Review business initiatives, analyze their commercial implication and be a partner in decision making with the Group Head of Retail • Provide financial expertise in building staff incentive programs and run incentive governance for the Group Head of Retail and Head of Corporate Affairs • Carry out regular forecast exercise to ensure risk and opportunities are properly identified and appropriate plans are in place to manage them • Ensure compliance to management accounting and international accounting standards adopted by the bank Knowledge, Skills and Experience · ACA / MBA · 15+ years’ experience in Financial Planning and Analysis, with well-rounded experience in Retail Banking · Sound knowledge of financial analysis, planning, accounting, and performance management with high analytical skills to transform data into meaningful information for decision making · Good understanding of retail banking segment / product dynamics · Sound knowledge in agile way of working in areas of Digital transformation and setting up new age Digital bank / or banking as a service with industry partners · Excellent leadership and management capability · Must be able to work under pressure and within short / challenging deadlines · Can drive in gains by productivity, efficiency, or scalability · Self-motivated and dynamic thinking, creative and committed to success. · Can lead well diverse team across various geographies and culture

Job Application For Head of Finance - Retail Banking Group

Mashreq - United Arab Emirates