Vice President – Global Financial Governance and Control

Mashreq; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading banking institution in Dubai is seeking a Vice President for Global Financial Governance and Control. The successful candidate will lead internal governance and reporting processes, ensuring compliance and enhancing financial controls. Ideal for a seasoned finance professional with profound knowledge in IFRS and audit processes, this role promises significant influence over governance standards and internal control frameworks.

Qualifications

• At least 10 years experience in finance, with 5 in a Big 4 audit firm.
• Extensive knowledge in ICFR/SOx and financial reporting.
• Proven leadership in managing large-scale finance projects.

Responsibilities

• Oversee global governance within Finance function.
• Lead the ICFR program ensuring effective financial reporting controls.
• Develop and manage the ICFR framework aligned with regulations.

Skills

Analytical skills

Problem-solving

Leadership

Stakeholder management

Education

Chartered Accountant (CA)

CPA

ACCA

Tools

SAP

Oracle

Job description

Vice President – Global Financial Governance and Control

Vice President – Global Financial Governance and Control

• To oversee the global governance and controls within Mashreq’s Finance function / Corporate Affairs Department, ensuring robust and uniform governance and processes within all entities, governing the effectiveness of internal controls, and compliance with relevant regulatory, reporting, and policy requirements.
• To lead the development, implementation, and once implemented to coordinate, govern and monitor the functioning of a robust Internal Control over Financial Reporting (ICFR) within Mashreq. ICFR (or ‘SOx light’) should be set up in line with the COSO framework ensuring the accuracy, integrity, and compliance of financial statements with International Financial Reporting Standards (IFRS). The role is instrumental in identifying and mitigating financial reporting risks, addressing control deficiencies, and fostering a culture of accountability and continuous improvement. By collaborating with key senior stakeholders and providing technical expertise, this role ensures the organization’s financial reporting processes meet regulatory standards and align with best practices, building confidence among management, auditors, and external stakeholders.

KEY RESULT AREAS

o Ensure good Governance and Controls within Mashreq Finance function / CAG is maintained. DR’s and country Heads of Finance primary responsible for their domains but Global Finance & Control officer should ensure that this is done adequately.

o Lead the ICFR program within Mashreq, ensuring the effectiveness of financial reporting controls.

o Develop and manage the ICFR framework, ensuring alignment with regulatory standards, accounting principles, and best practices.

o Responsible for business continuity planning and operational resilience within the CFO office / Corporate Affairs Group. This includes representing the domain in various steerco’s.

o Ensuring that all policies, process and controls repository within CFO office / Corporate Affairs Group are regularly updated, being standardized between countries and units and manage the waiver process, where applicable.

o Advice and Coordinate with cross-functional teams to implement and maintain strong financial reporting controls.

o Design / update, document, and test relevant internal control processes related to financial reporting in collaboration with concerned stakeholders.

o Identify control gaps, assess financial reporting risks, and recommend corrective actions.

o Lead process improvement initiatives (including digitization and AI) to strengthen the control environment and increase efficiency..

o Oversee the annual ICFR assessment, including preparing documentation, process narratives, risk assessments, and testing plans. Enabling the GCEO and GCFO to take their responsibilities annually.

o Partner with internal and external auditors to coordinate ICFR audits and ensure timely remediation of identified deficiencies.

o Provide training and guidance to internal teams on ICFR requirements and control best practices.

o Mentor and coach team members, promoting a strong culture of compliance and control awareness.

o Liaise with senior management, finance, audit, and operations teams to address ICFR-related issues.

o Prepare and present ICFR program updates to executive leadership, audit committees, and other stakeholders.

o Collaborate with IT and process owners to align ICFR efforts with overall governance and risk management strategies.

o Support the monitoring of finance-related policies and procedures.

o Review and ensure compliance with governance framework for Sundry GLs, Internal Accounts and Nostro / Vostro

KNOWLEDGE, SKILLS AND EXPERIENCE

• Chartered Accountant (CA), CPA, ACCA, or equivalent professional qualification.
• Adequate knowledge of IFRS is important.

Experience :

• At least 10 years of relevant work experience, with at least 5 years in a Big 4 audit firm or comparable.
• Extensive experience in ICFR / SOx, financial reporting, and audit processes in complex or regulated industries. Preferably in Banking.
• Demonstrated success in leading teams and managing large-scale projects.

Technical Skills :

• In-depth understanding of Controls (ICFR / Sox), IFRS, COSO framework, and financial reporting standards.
• Strong analytical and problem-solving skills with attention to detail.
• Proficient in using financial systems (e.g., SAP, Oracle, or similar ERP systems) and audit tools.

Soft Skills :

• Excellent communication and presentation skills.
• Strong leadership and stakeholder management abilities.
• Proven ability to work under pressure and meet tight deadlines.

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Finance

Banking

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