Manager - Financial Reporting, Cost and Performance Management

Abu Dhabi Commercial Bank; Abu Dhabi; On-site; AED 250,000 - 350,000; Full time

Job summary

A leading financial institution in Abu Dhabi is seeking a Manager in Financial Reporting, Cost and Performance Management. The ideal candidate will have at least 6 years of experience in market risk, strong analytical skills, and a degree in finance or related fields. The position offers a competitive salary, comprehensive benefits package, and flexible working options.

Benefits

Competitive Salary

Comprehensive Benefits Package

Flexible Working Options

Learning and Development Opportunities

Qualifications

• At least 6 years of experience in a Market Risk department of an International Financial Institution.
• Strong understanding of Foreign Exchange Markets and Liquidity Risk Management.
• Advanced proficiency in MS Office Suite including VBA.

Responsibilities

• Manage risk limits and control measures to ensure compliance.
• Oversee production of reports on market risk and escalate breaches.
• Develop and implement models to measure risk exposure.

Skills

Market Risk Management

Quantitative Analysis

Analytical Skills

Proficiency in MS Office Suite

Communication in English

Education

Bachelor’s Degree in Statistics, Mathematics, Finance or Commerce

Certificate in Quantitative Finance (CQF) or Financial Risk Manager (FRM)

Tools

Bloomberg

Reuters

Job description

Manager - Financial Reporting, Cost and Performance Management

Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area - Group Risk Management

ADCB prioritises a disciplined approach to risk, recognising its fundamental importance to the Bank’s long-term organisational and financial resilience. Group Risk Management oversees the implementation of ADCB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework. Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energise risk awareness among front office personnel and decision-makers. Continuously tuning the risk organisation in line with market best practices, they manage ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.

In this role, your key responsibilities include:

• To manage risk limits and control measures and contribute to the development of market risk models and reports in order to ensure the Bank’s exposure to market risk is maintained within Board approved limits and regulatory requirements
• Manage the production of reports by ensuring the team monitor results and escalate breaches of market risk and counterparty risk limits in order for remedial action to be initiated
• Manage to the development, implementation and monitoring of control measures to ensure dealer trading remains within individual limits and is restricted to approved derivatives and currencies
• Manage derivative value calculations to determine the appropriate financial provision to be raised
• Manage the development and implementation of models to measure and monitor the Banking book’s exposure to interest rate risk to ensure remedial action is initiated when appropriate
• Prepare market risk reports on improvements to Banking and product strategies in order to minimise the Bank’s exposure to market risk
• Ensure market, settlement and counterparty risk capital is calculated and submitted in order to demonstrate compliance to Central Bank requirements
• Collate research on industry leading best practices and share feedback with line manager to ensure that the Bank’s market risk methodologies and models are continuously developed and refined
• Manage self and team in line with ADCB’s people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance
• Organise and supervise the activities and work of the team to ensure that targets and objectives are achieved and the business plan is delivered in line with the required policies, processes, procedures and systems
• Implement approved departmental policies, processes and procedures, and ensure employee adherence so that work is carried out to the required standard while delivering the required standards of service to customers and stakeholders
• Manage and motivate the team to ensure they contribute to, and participate in, the identification and implementation of change initiatives, programmes and projects in line with the Bank’s standards
• Demonstrate Our Promise and apply the ADCB Service Standards to deliver the Bank’s required levels of service in all internal and external customer interactions

The ideal candidate should have the following experience

• At least 6 years of experience in a Market Risk department of an International Financial Institution
• Bachelor’s Degree in Statistics, Mathematics, Finance or Commerce
• Certificate in Quantitative Finance (CQF), Financial Risk Manager (FRM) or equivalent Professional Risk Management qualification
• Strong understanding of Foreign Exchange Markets, Money markets, Derivatives, Fixed Income, Structures and Liquidity Risk Management
• Treasury Risk Modelling and Analysis
• Local and International Banking Regulations and Compliance Requirements
• General Risk Management Methodologies
• Knowledge of Bloomberg and Reuters
• Advanced Proficiency in MS Office Suite of Products Including Visual Basic Analysis (VBA) Macro Programming
• Written and Spoken English
• Analytical Skills

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.