Assistant Manager - Financial Reporting

Commercial Bank of Dubai (CBD)

Dubai, UAE

Ref: HP905-563

Job description / Role

Employment: Full Time

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

In this role, you will provide support to Head of Finance, Financial Reporting by ensuring the full compliance with all the requirements from the local regulators' specially the CBUAE and drive strategic initiatives

Responsibilities include but are not limited to:

1. Supervising the preparation and submission of various financial & non-financial reports to the Central Bank of the UAE (CBUAE) at various frequencies (adhoc, fortnightly, monthly, quarterly, half yearly, and annually).
2. Lead in the preparation of annual and interim financial statement along with financial disclosures in line with IFRS, CBUAE regulations (BASEL -III disclosure requirements) and requirements of other regulatory bodies.
3. Responsible for ensuring smooth month end/year end accounting cycle and ensure all regulatory related data have been processed with due professional care and with internal controls.
4. Ensure that all reporting to CBUAE are with due professional care without any error/omission and meet the stipulated time line set by the CBUAE.
5. Responsible for CBUAE reporting programme (BRF) in coordination with IT, this is required to update change and automation in compliance with CB circulars / guidelines.
6. Preparation of various working/details for Basel III capital calculation with risk unit for submission to CBUAE.
7. Coordinate for liaising with CBUAE audits related to CBUAE reporting data of finance department.
8. Reporting FATCA & CRS, and ensure internal compliance with the requirement in cooperation with compliance department.
9. Coordinate and contribute to the implementation of new accounting standards.
10. Co-ordinate with IT and other relevant Departments in relation to the accounting and regulatory reporting procedures for new products and testing of newly developed financial programmes.
11. Supervising submission of statistical returns to various Emirates/Ministries with due professional care and without error or omissions.
12. Take on other areas of accountabilities through job rotation within the Department to gain wider exposure, experience, and knowledge.
13. Partner the finance leadership team to drive strategic initiatives.


• Chartered Accountant with superior accounting skills and experience preferred.
• Highly computer literate with a comprehensive knowledge of commercial business drivers.
• 10+ years' experience in finance / accounts functions preferably in a financial services organization.
• Full Awareness of the Central Bank requirements.
• Knowledge of finance, commercial and accounting concepts, processes and procedures.
• Good command of English. Arabic language would be an added advantage.
• Exceptional analytical skills.
• Superior report writing and presentation skills.
• Good stakeholder management and influencing skills.
• Excellent numeracy and accuracy.
• Leadership skills.
• Communicating effectively.
• Analytical thinking and problem solving oriented.
• Project and change management.
• Cross functional team work

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.

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Assistant Manager salaries in Dubai

Average monthly compensation
AED 11,500

Breakdown available for industries and years of experience