AVP GM Business Unit Control

Atribs Metscon Group; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A major finance company in Abu Dhabi is seeking a professional to join their Wholesale Bank Global Markets team. The role entails day-to-day support for financial reporting, P&L reporting, and reconciliation, as well as assisting in strategic initiatives. The ideal candidate will possess strong accounting skills and a solid understanding of financial markets products. This position offers a dynamic environment with challenges in managing daily deadlines.

Qualifications

• Demonstrate competence in accounting and numeracy.
• Good understanding of financial markets products.
• Ability to communicate with various bank divisions.

Responsibilities

• Prepare and control Profit & Loss reporting & attribution.
• Conduct general ledger reconciliations.
• Assist with strategic initiatives and control issues.

Skills

Accounting competence

Numeracy competence

Understanding of financial markets products

Communication skills

Supervisory skills

Education

Degree in Finance or Accounting

Job description

Overview

JOB PURPOSE: The Wholesale Bank Global Markets & Group Treasury (WB GM & GT) finance team comprises Product Control Independent Price Verification and Sales / MI Support teams. The team supports the WB Global Markets and Group Treasury businesses locally and internationally. The unit falls under the Group Finance department and reports to the CFO WB & International. Key priorities are to develop a best-in-class unit to be seen as a value-add function with the skills and expertise to partner the business in new product development and their international expansion plans. The Global Markets Finance team (Product and Valuation Control) is responsible for accounting and financial reporting of the Global Markets business acting as a primary control function and monitoring trading activity to ensure it is in a specified remit. Tasks include Profit & Loss (P&L) reporting and attribution, dealing with ad hoc management reporting queries, reconciliation and substantiation of P&L and Balance Sheet between the General Ledger (OGL) and Murex, Independent Price Verification and hedge monitoring and effectiveness testing. This role is focused on the day-to-day support of the Global Markets Product Control business and the daily preparation and control of P&L reporting & attribution, general ledger reconciliations and hedge effectiveness testing.

The successful candidate will also assist the Head of Product Control and Senior Product Controllers with strategic initiatives and control issues as required and contribute to process improvements within the function. The candidate should be able to demonstrate accounting and numeracy competence and have a good understanding of financial markets products. He / She must be able to communicate with a variety of divisions within the bank, respond to the dynamic nature of an international Global Markets operation whilst being able to supervise and manage staff in meeting challenging daily deadlines.