Assistant Manager - Finance & Accounts

Assistant Manager – Grade 6 Reports To (Title)

Senior Manager Organization Unit

Tanfeeth – finance & Accounts – Regulatory reporting Location

Tanfeeth 1. Organisation Unit Purpose (why does the unit exist? What are the results the unit is expected to deliver?)

The Deliverables of the department are:

Regulatory Reporting to Central Bank of UAE at pre-defined frequency ((Daily / Weekly / Monthly / Adhocs))

Capital Adequacy Ratio as per Basel Framework , Pillar III Disclosures

Regulatory management Reports

Liaise with Internal and External Auditors

Liaise with Central Bank Auditors (including, preparing , engaging and reviewing CB examination forms) 2. Job Purpose (Why does the job exist? What is the unique contribution made by the job holder?)

The Job-holder is required to prepare in all Regulatory Reporting activities. The activities will include coordination with all stakeholders for data required to prepare monthly, quarterly and annual Central Bank Returns. Based on the data, preparation / initial self-review of CBUAE returns. In addition, provide assistance in day to day activities of Regulatory Reporting team.

Detailed description:

➢

Ensure timely preparation & submission of Central Bank weekly, fortnightly , monthly & quarterly returns

➢

Preparation of the Basel as per Standardized Approach Ratio & Pillar III disclosure

➢

Performing validation and ensuring overall accuracy of returns at time of regulatory form submission & uploads.

➢

Ensure compliance with all statutory & regulatory requirements

➢

Timely preparation of other reporting requests /ad-hoc requests by Central Bank Auditor

➢

Preparing & providing clarifications on CB requirements to Regulatory Reporting teams in subsidiaries

➢

Performing validation and analysis of data received from group subsidiaries

➢

Supporting Regulatory team in conducting Impact Analysis of the new CB circulars issued

1. Job Content (Describe the key results delivered by the job holder, how they are measured and the tasks performed to achieve the results?) Key Results Performance Measures Main Tasks

Basel Returns - Standardized Approach capital numbers. Preparation of work files/ calculations required in preparation of reports

Qualitative

Preparation of the Basel Ratio within the agreed timelines for market disclosures and submission to Central Bank in the specified formats. Preparation of the working files for Basel Standardized approach.

Annual Basel - Pillar III Disclosures

Qualitative

Preparation of the Annual Pillar III Disclosures for the Group by collating information from various departments/ subsidiaries and branches.

Annual Central Bank Examination and other monthly requests as desired by the Examiners

Qualitative

Preparation of Annual Central Bank Examination by arranging data in the CB desired formats by collating and co-ordination of information from various departments. Provide the standard monthly details in the agreed upon format within the desired timelines.

Preparation of BRFs for reporting to CBUAE

Qualitative

Preparation BRF reporting Guidelines issued by Central Bank. Co-ordinate with various stakeholders to ensure availability of the data in the systems.

Prepare the Circulars/ Ad-hoc information requested by Central Bank of UAE

Qualitative

Collating information from various departments as per the specific requests of Central Bank and other regulators in the specified formats.

Preparation of the weekly, fortnightly and monthly returns for various regulators like CBUAE etc.

Qualitative

Preparing and analyzing the weekly, fortnightly and monthly returns and ensure submission in the specified timelines.

Data for internal stakeholders

Qualitative

Provide data to the Internal stakeholders as per timelines like EMTN updates, data for Investor relations etc.

Others

Qualitative

Assist Regulatory team in other related projects as applicable (Data enrichment / reporting automation/ regulatory questionnaire). 4. Organisation Chart (Attach the unit’s organisation chart showing the reporting relationships (above and below) the job holder) 5. Internal / External Relationships and Committee Memberships ( Internal relationships cover other units within the organization; External relationships relate customers, government bodies, suppliers etc; Committees include formal forums where membership is nominated) Interface (Int/Ext) Reason Committee Reason

EXT

Support CBUAE, GOVT and External Audits

INT

Interact with business finance teams and all other key stakeholders

1. Problems & Decisions ( State problems solved and decisions made on a regular basis by the job holder and the desired outcomes of actions) Problems and Decision Desired Outcome

Clarifications required by Central Bank examiners / internal stakeholders on Regulatory reporting related matters

Preparing & providing solutions in line with guidelines

1. Job Dimensions (a) List of Annual Profit/revenue/cost/volumes/portfolio etc. directly controlled or influenced by the job holder (b) Total number of employees managed (directly and indirectly) by job holder (c) Any other key aspects relevant to the job e.g. markets covered, products managed Job Dimension Value/Description Job Dimension Value/Description

Reporting

Timely reporting of BRFs (Weekly, Fortnightly, Monthly & Quarterly)

Stakeholder engagement

Co-ordination with internal and external stakeholders.

1. Person Specifications (required to carry out the job, not what the current or recommended incumbent possesses) Specifications Description of Knowledge / Skill etc. Desirable or Essential

A. Education

• General

• Professional

•

Commerce background (Graduate) with specialization in Accountancy. ACCA/CA or equivalent qualification.

Essential

B. Experiences

•

Prior experience of up to 5 years working in Finance

Essential

(Years & Type)

• Industry

• Regional

• Functional

department of a Bank and at least 2 years in Regulatory

Reporting.

C. Knowledge & Skills

• Technical

• Managerial

•

Knowledge of Accounting and Reporting aspects including International Financial Reporting Standards

•

Knowledge and understanding of Central Bank guidelines on BRFs

•

Strong Interpersonal skills

•

Strong analytical skills

Essential

D. Behavioral Competencies

• Thinking Related

• People Related

• Self Related

•

Ability to work in a multi-cultural organization.

•

Ability to work under pressure

•

Ability to interact with business finance teams and all other key stakeholders

Essential

E. Personal Profile

• Age

• Nationality

• Gender

• Any Other

NA

Unit Manager’s Name & Signature

Date

1. Job Evaluation Results (To be filled by HR) Existing Evaluated Existing Evaluated Job Family

Job Family Role

Job Band

Job Title

Comments:

HR Approver’s Name & Signature