Senior Analyst, Regulatory Reporting

CBD

Dubai
Permanent
Full-time

1 month ago
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Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.Principal AccountabilitiesPreparation and/or Review of various financial & non-financial reports to Central Bank of UAE (CBUAE) at various frequencies (fortnightly, monthly, quarterly, half yearly, and annually).Ensure that all reporting to CBUAE is with due professional care without any error/omission and time frames.Responsible for CBUAE reporting programme (BRF) in coordination with IT to update, change and automation in compliance with CB circulars / guidelines.Preparation and/or Review of various workings /details for Basel III capital calculation, RWAs with respective Finance teams and Risk Unit for submission to CBUAE.Coordinate for liaising with CBUAE and internal audits related to CBUAE reporting data.Reporting FATCA & CRS, and ensure internal compliance with the requirement in cooperation with Compliance Department.Supervising submission of statistical returns to various Emirates/Ministries with due professional care and without error or omission.Design and implement appropriate finance policies and procedures to ensure accurate capture and accounting treatment for all transactions as per required regulations.Track key regulatory matters ensuring appropriate level of engagement and oversight, ensuring absolute integrity in the bank’s financial reporting.Develop communication and reporting on regulatory announcements and change.Act as liaison with IT to update, change and automate Central Bank reporting inputs to ensure correct accounting treatment for new and existing products.Ensure timely provision of documentation and data for internal and external audit requests.Support the preparation of annual and interim financial statements along with financial disclosures in line with applicable regulations and requirements of relevant regulatory bodies.Ensure reporting period delivery and concerns are well managed and stakeholders are kept appraised of progress with regular status updates.Take on other areas of accountabilities through job rotation within the Department to gain wider exposure, experience and knowledge, helping improve the performance of the team.Support in the regulatory reporting transformation initiatives.Group:
FinanceQualifications/skills/ExperienceChartered Accountant or Masters Degree with superior accounting skills and experience.Highly computer literate with a comprehensive knowledge of commercial business drivers6+ years’ experience in finance / accounts functions preferably in a Bank.Full Awareness of the Central Bank requirements.Knowledge of finance, commercial and accounting concepts, processes and procedures.Strong regulatory change management, process improvement and automation.Good command of English with additional language skillsExceptional analytical skillsSuperior report writing skillsExcellent numeracy and accuracy

CBD