Finance Associate - CFO

Deutsche Bank AG; Saudi Arabia; On-site; SAR 100,000 - 150,000; Full time

Job summary

A leading global bank is seeking a Finance professional in Saudi Arabia to lead finance support and regulatory interactions. The role requires managing audits, tax returns, and ensuring compliance with the banking regulator, SAMA. Ideal candidates will have a recognised accounting qualification, fluency in Arabic, and 4-5 years of relevant experience. Competitive benefits include flexible working arrangements and extensive support for professional growth.

Benefits

Life Insurance

Flexible working arrangements

Private Medical Insurance

30 days of annual paid leave

Qualifications

• 4-5 years experience in finance and regulatory reporting.
• Experience in liaising with regulatory bodies.
• Strong understanding of core finance systems.

Responsibilities

• Act as main contact point with the banking regulator SAMA.
• Manage external/internal audits and regulatory returns.
• Control the month end close process for accuracy.

Skills

Fluency in Arabic (spoken and written)

Strong product accounting knowledge

MS Office skills

Interpersonal communication skills

Analytical skills

Education

Recognised Accounting Qualification

Tools

SAP

Janus

BCS

FIM

Job description

Job Description

Details of the Division and Team: Financial and Regulatory Reporting is responsible for the timely and accurate delivery of complete and comprehensive financial and regulatory reporting and analysis, for their area, in line with applicable internal policies and external regulatory, statutory and control frameworks. This position supports the Head of Finance, KSA (in Riyadh) in providing full-service Finance support under the Regional Finance function to the two main businesses in KSA Corporate Banking and Wealth Management.

What we will offer you

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect

• Life Insurance
• Accidental Death Insurance
• Permanent Partial Disability Insurance
• Private Medical Insurance for you, your spouse and dependent children
• Flexible working arrangements
• 30 days of annual paid leave, plus public holiday & Flexible Working Arrangement
• DB contributions to Employee Workplace Savings "Gosi” plan (for Saudi nationals only)

Your key responsibilities

Direct reporting line is to the Head of Finance, KSA. It is envisaged that the candidate will be the main registered finance contact point with the banking regulator, SAMA.

• Liaison and point of contact for the main banking regulator SAMA.
• The majority of communication and submission to the regulator are in Arabic. Fluency in both spoken and written Arabic is required.
• Managing external/internal audits of the entity including resolving the issues arise during audit in a timely and efficient manner, coordinating with relevant parties as and when required.
• Managing regulatory and taxation returns for the entity including review of monthly, quarterly and annual tax returns.
• Validation, control over the month end close process, both revenues and costs bookings, liaising directly with front office and operational staff and management in Riyadh to ensure relevant bookings are complete and accurate.
• Facilitation of the month-end balance sheet substantiation (MRP) as secondary Finance owner
• Liaison with both line business management and infrastructure functions to ensure that appropriate internal controls are in place
• Assisting in the completion of New Product Approval cross-functional risk-assessment checklists for new product or business implementations

In addition, the role will require:

• Onshore KSA coverage for other core Finance roles, as directed by Head of Finance, KSA

The role requires the following competencies gained in an international or large domestic Banking or Securities working environment as follows:

• Strong product accounting knowledge for vanilla Markets and Banking products
• The ability to analyse and communicate ‘risks’ inherent in a given operational or product booking situation, as well as delivering appropriate solutions
• Application skills which demonstrate an aptitude for change and a ’hands-on’ approach
• Strong inter-personal communication skills to support relationship-building across multi-functional teams
• An ability to work on initiative

Your skills and experience

• Preferably a recognised Accounting Qualification, with 4-5 years experience the areas above
• Internal DB core Finance systems, interface and DB financial data standard knowledge (SAP, Janus, BCS, FIM)
• Strong MS Office skills

How we’ll support you

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• Training and development to help you excel in your career

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank & Diversity

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

With that, we extend a warm welcome to candidates with disabilities to apply.

Our Bank is committed to ensuring equal opportunities and will facilitate a productive and harmonious work environment for all.

We encourage talented individuals seeking a professional setting that values and accommodates diverse capabilities to submit their applications and be part of our shared commitment to fostering inclusiveness.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.