Overview
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The Arab Monetary Fund aims to onboard a Executive Director, Finance to lead the Finance Department, reporting to the Director General, Chairman of the Board.
Responsibilities
- Supervise and enhance the execution of financial settlement transactions, including payments, securities, and derivatives, ensuring compliance, accuracy, and operational efficiency.
- Oversee settlement performance through advanced KPI monitoring, identifying inefficiencies, and driving strategic process improvements.
- Ensure robust security and compliance in financial operations by managing Swift system access, user controls, and risk mitigation measures.
- Approve loan disbursements and specialized financial contributions, ensuring alignment with financial policies and strategic objectives.
- Strengthen financial risk management by leading nostro account reconciliations and settlement risk mitigation strategies in coordination with relevant stakeholders.
- Implement automation and AI-driven analytics to improve settlement processes, enhance fraud detection, and optimize financial transaction workflows.
- Direct financial accounts and liquidity strategies, ensuring optimal cash flow management, efficient treasury operations, and best practices for fund allocation.
- Lead the formulation of financial planning and forecasting models that align with AMF’s investment strategies, risk mitigation frameworks, and institutional priorities.
- Develop and integrate digital financial reporting solutions and AI-driven analytics to enhance real-time decision-making and improve financial transparency.
- Strengthen banking and financial institution relationships, negotiating optimal agreements to maximize returns and ensure secure transactions.
- Oversee compliance with financial policies, reporting standards, and risk governance frameworks, ensuring adherence to regulatory and institutional requirements.
- Establish a financial performance monitoring system that enhances reporting accuracy, tracks fund utilization, and drives continuous operational improvements.
- Lead the development and execution of the Finance Department’s strategic objectives, ensuring financial sustainability and alignment with AMF’s broader goals.
- Oversee financial planning, budgeting, and forecasting processes, ensuring efficient resource allocation and risk mitigation.
- Collaborate with AMF leadership and internal departments to identify financial projects and initiatives that support long-term institutional growth.
- Assess and optimize interest rate policies on funds applied to member states’ loans, ensuring effective financial management.
- Ensure the effective utilization of the department’s budget, providing periodic reports on financial performance, challenges, and improvement areas.
- Ensure the consolidation of accurate and transparent financial reports in accordance with IFRS and AMF’s financial policies, leveraging automation and analytics to enhance reporting quality and timeliness.
- Oversee compliance with regulatory standards, institutional governance requirements, and internal financial controls, including those related to specialized accounts and member-related financial operations.
- Lead the continuous review and optimization of financial systems, policies, and procedures to enhance operational efficiency, cost-effectiveness, and risk mitigation.
- Develop and implement financial risk assessment frameworks that support early identification of risks, while integrating digital tools and AI-based solutions to strengthen controls and decision-making.
- Ensure alignment between financial reporting, risk management practices, and AMF’s strategic objectives through effective monitoring, audit readiness, and cross-departmental collaboration.
- Establish strategic and collaborative relationships with relevant internal and external stakeholders in a manner that supports the achievement of AMF’s strategic objectives.
- Collaborate with internal departments to address financial challenges and optimize financial processes, fostering a culture of collaboration and innovation.
- Manage, guide and assist the team to perform their operations in accordance with set policies and procedures.
- Collaborate with the HR Division to identify and recruit talent for the team based on strategic objectives and business needs.
- Set performance objectives, provide necessary support, evaluate / appraise incumbents and provide regular feedback on performance, in a manner that supports the strengthening of the team’s knowledge and capabilities.
- Promote a high-performance working environment embracing AMF’s values to support the creation of a performance-based culture.
Qualifications and Requirements
- A minimum of 15 years of experience in finance or accounting roles, with a proven track record of progressively increasing responsibility. This may include experience in financial management, strategic planning, budgeting, and financial analysis.
- Preference for public sector or international institution experience
- Master’s degree in finance, accounting, or equivalent is preferred
- Professional certifications such as CPA, CMA, ACCA, or CFA are required
- Excellent communication and writing skills in Arabic and English. French, as a third language, is a solid advantage
- We offer an attractive package of benefits aligned with our employment policies, including a tax-free salary and supplementary allowances as housing, furniture and air ticket, schooling, and comprehensive medical insurance.
- Only shortlisted candidates will be contacted.
Job Details
- Seniority level: Executive
- Employment type: Full-time
- Job function: Finance and Sales
- Industries: Wholesale Building Materials