Chief Operating Officer (COO)

Bahrain

Ref: LP127-1725

Job description / Role

Employment: Full Time

Financial Control
- Ensure timely preparation/submission of financial and related regulatory reports.
- Ensure compliance with account standards and regulatory requirements.
- Coordinate with external auditors and Central Bank of Bahrain (CBB) for financial and related regulatory reporting.
- Review performance of group entities against budgets/plans and keep management informed.
- Enhance internal controls.

Strategic Planning
- Preparation of budget and business plans.
- Measure the performance of business units, distribution channels (branches), products, etc. against budget reporting /plans.
- Ensure timely generation of management reports highlighting key performance indicators and identifying deficiencies in business unit’s performance and areas for improvements.
- Ensure that expenses and major capital projects are within plans/budget; and constantly identify/recommend measure for cost control/reduction.

Banking Operations
- Ensure adherence to policies and procedures for all areas of banking operations.
- Ensure that all transactions of the Bank and that of customers are processed, recorded and disclosed in accordance with the best practices and accounting standards.
- Ensure compliance with applicable CBB regulations.

Information Technology and Administrations
- Ensure that the Bank has robust disaster recovery/contingency plan.
- Ensure secured access/robust firewalls for all systems/channels in the Bank.
- Ensure that the business growth and related support functions are supported by advancement in required technology solutions.
- Ensure that all vital records are maintained and backed up, in accordance with the applicable laws.

Legal Affairs (Local)
- Ensure that Bank’s rights and interests are always protected.
- Approve Bank’s legal/contractual documentation with staff, customers and third parties.
- Ensure compliance with Commercial Companies Law.
- Provide in-house legal opinion on any matters requested by the management.
- Provide support in conduct of Annual General Meetings/Extra Ordinary General Meetings.

Asset Management
- Manage Bank’s existing investment portfolio.
- Identify investment exit alternatives with emphasis on retaining the investment valu
- Identify alternatives to restructure the existing investment holdings by divestment or spin-off.

Requirements

- Bachelor or Master degree related or a relevant Professional qualification
- More than 20 years of experience in Financial Services industry of which around 10 years as COO
- Working knowledge of IT/Business infrastructure and MS Office
- Competency in strategic planning and business development

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions: