AVP, Financial Control

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 300,000 - 420,000; Full time

Job summary

First Abu Dhabi Bank is seeking an AVP, Financial Control in Abu Dhabi to support the implementation and ongoing monitoring of financial control policies across the Group. The role ensures balance sheet substantiation is conducted effectively and controls are strengthened.

Responsibilities include monitoring compliance, overseeing governance activities, and timely reporting to senior management. Strong IFRS/IAS knowledge and Excel skills are essential for success.

Qualifications

• Must have 5–7 years of experience across accounting and internal controls.
• Solid understanding of accounting standards (IFRS/IAS).
• Proficient in Excel with strong analytical skills.

Responsibilities

• Ongoing monitoring to ensure compliance with financial control policies across the Group.
• Oversee governance activities to ensure balance sheet integrity.
• Timely reporting and escalation to senior management, and follow-up on issues.
• Assist with implementation of financial control policies and oversight.
• Prepare monthly Account Ownership and Verification packs for management.
• Coordinate and complete monthly AOV exercises across the Group.
• Issue tracking and closure with corrective action plans and owners.
• Support testing and documentation of governance and controls.
• Contribute to annual RCSA with mitigating controls.
• Provide training on AOV and other financial control activities.

Skills

IFRS/IAS knowledge

Analytical skills

Excel proficiency

Internal controls

Financial reporting

Education

ACA/CPA/ACCA

Banking or Finance Degree

Tools

Excel

Job description

JOB SUMMARY / INTRODUCTION

Job Title: AVP, Financial Control

Reports to: VP, Financial Control

Group: Group Finance

Function: Reporting, Controls and Taxation

Department: Group Financial Control

Prepared / Revision: Prepared

This role “AVP, Financial Control” supports the implementation and ongoing monitoring of the financial control policies across the Group, and ultimately contributes to strengthening the Group’s control environment by ensuring that all balance sheet substantiation activities are conducted in an effective and appropriate manner.

Revenues/ Budget: N/A

Direct Reports: None

Indirect Reports: None

KEY RESPONSIBILITIES

• Ongoing monitoring to ensure compliance with all the financial control policies across the Group, which include the Account Ownership and Verification policy.


• Oversight and management of the various control and governance activities (e.g., Account Ownership and Verification, Internal Accounts Review, GL mapping, etc.) to ensure integrity of the group\'s balance sheet.


• Timely reporting and escalation to senior management, and follow-up on the resolution of identified issues.


• Assist with the proper implementation of all financial control policies in the Group and ensure oversight over the smooth functioning of such activities thereafter.


• Review and ensure the accuracy of all data and conduct required checks prior to loading the account information into OneFC, the tool used to manage the balance sheet substantiation activities.


• Ensure coordination and completion of the monthly Account Ownership and Verification (AOV) exercise across the Group. Monitor and review submissions to ensure the same is in line with the established standards and appropriately captures the results of the embedded controls.


• Liaise with account owners and ensure all self-identified issues reported through the RAG and IAR have a corrective action plan with an action owner and a target resolution date. Follow-up for the timely resolution of all such issues.


• Prepare the monthly Account Ownership and Verification pack for management.


• Update the Account Ownership Inventory table with the risk rating and nature / purpose of accounts to have a central repository of these details in the OneFC tool.


• Carry out conformance testing as per the approved standards for all the accounts owned by Business and Operations teams with full documentation. Support units with resolving issues highlighted through this exercise.


• Enhance the monthly substantiation and conformance testing processes to improve efficiencies and strengthen the control framework.


• Participate in the annual RCSA exercise and ensure key processes relating to the team with residual risks have effective mitigating controls.


• Provide training and / or guidance to the relevant staff members to ensure they are well versed with the requirements of the Account Ownership and Verification (AOV) policy and other financial control activities.


• Independent testing of the governance and controls environment across the group, ensuring gaps are remediated timely.


• Support with ensuring that all audit issues highlighted by external and internal auditors and regulators are properly resolved, in addition to all the self-identified issues.


• Involvement in all finance-related systems implementation and assist in preparing relevant business requirement documents, UAT and trainings.


• As per the applicable DoA matrix and mandate specified in the relevant policies.


• Functions within the framework and boundaries of Group policies as well as overall organizational and governance frameworks.

REQUIREMENTS / QUALIFICATIONS

• Accounting qualification (Preferably ACA, CPA, ACCA)


• Banking or Finance Degree.


• 5-7 years of experience garnered across accounting and internal controls. Good understanding of accounting standards (IFRS/IAS). Good working experience in Excel with strong analytical skills.

About Us: First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world\'s largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.

Life at FAB: Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization

Career Development: FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.

Our Values: At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.

Join our team and be part of a journey to shape the future of banking.