Assistant Manager Planning And Performance

Commercial Bank of Dubai; Dubai; On-site; AED 300,000 - 480,000; Full time

Job summary

Commercial Bank of Dubai (CBD) seeks a senior Finance professional to own on-time production of performance packs and robust MI delivery. You will lead monthly management reporting, assess profitability and forecast accuracy, and translate strategy into measurable objectives bank-wide.

Responsibilities include detailed NIM analysis, peer benchmarking, and driving cost controls across groups. Strong modelling and stakeholder coordination are essential for success.

Qualifications

• Experience in financial services and chartered accountancy preferred.
• Strong ability to plan, forecast and report financial performance.
• Knowledge of MIS and reporting to support bank strategy and profitability.

Responsibilities

• Assist in strategic and operational financial planning at bank level and cost centre level.
• Prepare monthly management reporting with deadlines, ensuring data integrity and usability for end users.
• Analyse net interest margins and build models to simulate margin impacts.
• Prepare detailed packages comparing CBD with Tier 1 banks and peer groups.
• Support economic updates for Board and Investor packs.
• Assist in cost management framework and cost targets with active business engagement.
• Support sales incentive payout reviews and ensure data accuracy and policy compliance.
• Contribute to financial projections and business case evaluations for initiatives.
• Coordinate with stakeholders to define methodologies and ensure data quality for reporting.

Skills

MIS reporting

Financial modelling

Cost control

Sales incentives analysis

Budgeting

Financial analysis

Education

Chartered Accountant

Job description

Job Description:

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.

Job Purpose:

• The role holder will have accountability for on-time production and analysis of performance packs and creation of effective, accurate and user-friendly management information (“MI”).
• Responsible for all financial performance reporting and analysis bank wide. Focus on preparing annual plans, regular and reliable forecasting and business performance reporting, sales incentive validation, Expense versus budget monitoring and project / cost management across the group
• Oversight of all financial performance reporting and analysis bank wide. The role will assist in translating business strategy into measurable objectives and metrics to enable regular monitoring and performance measurement against business goals and strategy.

Principal Accountabilities:

Work Management

• Financial Plans:- Assist in the planning process for both the strategic and operational financial planning process. This includes plans at bank level, business unit and performance unit level, Bank wide and cost centre level expense plans and branch budgets. This includes responsibility for the financial forecasts of the bank.
• Business Performance and Insight:- Responsible for monthly management reporting preparation and submission ensuring deadlines are met, integrity and consistency of financial information and usability of end users . This includes providing deep insight, scenario analysis and recommendations to drive business performance to achieve enterprise strategic goals. Insight to span revenue, expense, capital, return on equity, regulatory, liquidity and funding dimensions. The insight is to be aimed at assisting business decisions through fact based timely, accurate and insightful financial data and analytics. Analysis providing direction and thinking to support decision making such as any new business proposition, product promotion etc.
• Net Interest Margin Analysis: Detailed customer level analysis of the interest margins for all products with historical trends. Also build and maintain a model which simulates the impact of margin compression.
• Peer Group Analysis:- Responsible for preparation of detailed pack showing comparative against Tier 1 banks and CBD peer groups on various parameters including 5 year quarterly movements in revenue, expenses, operating profit, provisions, net profit, assets, loans and deposits. Comprehensive UAE Bank benchmarking which includes various financial parameters such as return on asset, return on equity, dividend yield, price to earnings, market capital, loan and deposit market share,price to book etc.
• Economic Updates:- Support the preparation of the Board pack and Investor pack with Economic updates such as UAE purchasing managers index, UAE GDP growth, CPI & inflation, Oil prices, GDP by sector, growth in economy, CBD’s corporate social responsibilities and CBD awards
• Cost Control:-Support the cost management framework for the Group which would help control / manage costs – capex and opex. Manage the cost center structure in conformity with Bank’s cost management framework with active business engagement to deliver cost reports. Support in achieving the banks cost targets by ensuring adequate cost controls and transparency and analysis including but not limited to cost center review & and process efficiency. Propose control improvements, enhancements and simplifications where appropriate.
• Sales Incentives:- Support review of the Sales incentive pay-out providing approvals and ensuring data accuracy and compliance with pay-out policies. Ensure timely release. Maintain strict control on the pay-outs by ensuring the computation of Sales incentive pay out for each agent is as per the existing Sales incentive policy. Review and challenge on the new proposed sales incentive policy.
• Financial Modelling:- Support in preparing detailed financial projections and models for the various business initiatives of the bank to evaluate them in terms of financial returns and economic viability after considering various scenarios and all the risks involved.
• Projects and Transformation:- Gather and consolidate accounting and financial information for the preparation of Management report. Take initiative to investigate and recommend suitable suggestions to improve the effectiveness. Coordinate with business owners to define methodology and business logic for new performance measures. Identify and resolve issues, errors, gaps between data sources and business requirements. Own the calculation process that transforms raw data into structured information for reporting needs
• Adhoc requirements:- Support ad-hoc business queries and return measurements to meet the needs business managers for day-to-day operation management.
• SOP:- Ensure adequate documentation is adhered to at all times for all standard process through ‘Departmental operating Instructions’ & ‘ Standard operating procedures’

Requirements

Education and Experience:

• Experience working in a chartered accountancy firm. 5-10 years’ experience in financial services
• Knowledge of banking products, planning, operations, profitability, performance analysis, MIS and reporting. Ability to understand business requirements and combine good financial acumen with accounting principles/ other regulations to contribute to banks strategy and profitability.
• Working knowledge on financial modelling, financial and management accounting and commercial attributes associated with full scale banking activity.

Requirements: