Assistant Manager Regulatory Reporting (Emirati)

Talents Tide; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution in Dubai seeks an Assistant Manager for Regulatory Reporting. This role involves ensuring compliance with regulatory and financial reporting processes, managing timely submissions, and providing insights to stakeholders. Candidates should have 4-6 years of experience in the banking sector with strong skills in data validation and regulatory compliance. The ideal applicant will possess a degree in Commerce or Financial Management, and a CA or relevant certification is preferred.

Qualifications

• 4-6 years of experience in the banking sector, particularly in regulatory and financial reporting.
• Strong understanding of IFRS and UAE Central Bank guidelines.
• Proficiency in preparing reports to regulatory authorities.

Responsibilities

• Prepare and submit accurate reports to UAE Central Bank and other regulators.
• Oversee daily financial position preparations including balance sheets and income statements.
• Drive system enhancements to improve reporting efficiency.

Skills

Regulatory compliance

Financial reporting

Data validation

System enhancement

Education

Graduate in Commerce/Financial Management

CA or relevant finance certifications

Job description

Job Title: Assistant Manager Regulatory Reporting

Reports to: AVP - Regulatory Reporting

Job Purpose

The role supports and manages regulatory and financial reporting processes by ensuring accuracy, compliance, timely delivery, and providing critical financial insights to regulatory authorities and stakeholders.

Key Responsibilities

• Prepare and submit accurate and timely reports to the UAE Central Bank and other regulators, ensuring compliance with reporting requirements and maintaining required ratios and norms.
• Oversee the preparation and circulation of daily financial positions, including the balance sheet, income statement, customer deposit analysis, and profit suspension reconciliation.
• Manage the preparation of statistical surveys and ad hoc information requests, including those from government and regulatory entities.
• Ensure compliance with accounting policies and standards (IFRS and UAE CB guidelines) and prepare disclosures for the Group's consolidated financial statements.
• Analyze and validate data used in financial statements and regulatory reporting to ensure accuracy and reliability.
• Drive system enhancements to improve reporting efficiency and accuracy, identify gaps in regulatory reporting, and resolve issues in collaboration with IT.
• Respond to queries and coordinate with internal and external auditors, UAE Central Bank, and other stakeholders to address requirements and provide necessary information.
• Identify and implement improvements in financial and regulatory reporting processes to ensure high-quality output in the shortest possible time.
• Monitor new CIFs opened during the month, ensuring adherence to regulatory requirements and adequacy of economic sector classifications.

Position Requirement

Education: Graduate in Commerce/Financial Management

Preferable to have CA /other relevant certificates in Finance Work

Experience: 4-6 years of experience in relevant field in banking sector