Head of Local Financial Regulatory Reporting (UAE Nationals Only)

Citi bank; United Arab Emirates; On-site; AED 180,000 - 250,000; Full time

Job summary

A leading financial institution in the United Arab Emirates is seeking a Senior Finance Reporting Lead Analyst responsible for generating and analyzing reports according to IFRS and GAAP standards. The candidate must have a Bachelor's degree, 6-10 years in financial services, and project management experience. Key responsibilities include managing local regulatory reporting and financial statement submissions. This position offers a dynamic working environment and opportunities for strategic contributions.

Qualifications

• 6-10 years of experience in Financial Services preferred.
• Global Project Management experience preferred.
• Ability to work under pressure and manage deadlines.

Responsibilities

• Manage Local Regulatory Reporting requirements for Central Bank of UAE.
• Submission of Local Financial Statements in liaison with external auditors.
• Assist with closing the books and sub-ledgers.

Skills

Analytical skills

Project Management

Organizational skills

Problem-solving abilities

Communication skills

Education

Bachelor’s Degree/University degree or equivalent experience

Master’s degree

Job description

The Finance Reporting Lead Analyst is senior professional position responsible for driving the generation, analysis, and submission of reports to various constituencies based on local IFRS standards and/ or US Generally Accepted Accounting Principles (GAAP). local statutory reporting, in coordination with the broader Financial Reporting Team. The overall objective is to apply in-depth disciplinary knowledge to contribute to directional strategy.

Responsibilities

• Support the analysis and submission of reports to various constituencies (local regulators) based on local statutory reporting.
• Manage Local Regulatory Reporting requirements for Central Bank of UAE, Dubai Financial Service Authority, Financial Service Regulatory Authority and Qatar Financial Centre Regulatory Authority.
• Submission of Local Financial Statements in liaison with external auditors.
• Responsible for Capital and Liquidity management reporting including but not limited to:
  • Internal Capital Adequacy Assessment Process (ICAAP)
  • Stress Testing
  • Basel, Pillar III requirements
  • Recovery Plan
• Assist with closing the books and sub-ledgers, including passing appropriate required adjustment entries and consolidating financials at the end of each accounting period.
• Instill operational discipline into existing team processes.
• Work with senior leadership on strategic planning, establishing guidelines, implementing controls, and executing strategic plans.
• Assist with the implementation of policies and procedures.
• Serve as a technical mentor for an area within the business.
• Build and maintain a thorough understanding of related product reporting and analytics and utilize knowledge of systems and process flows to provide insight and recommendations on identified issues.
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.
• Acts as SME to senior stakeholders and /or other team members.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications

• 6-10 years of experience in Financial Services preferred
• Global Project Management experience preferred
• Ability to work under pressure and manage deadlines or unexpected changes in expectations or requirements
• Proven organizational and time management skills
• Proven problem-solving and decision-making skills
• Consistently demonstrates clear and concise written and verbal communication skills

Education

• Bachelor’s Degree/University degree or equivalent experience
• Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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