Senior Analyst - Regulatory Reporting

Job description / Role

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.

The main responsibility of this position is to provide support to Head of Finance, Financial Reporting by ensuring the full compliance with all the requirements from the local regulators. The role also supports in VAT process and VAT compliance.

- Support in Preparation/submission of various financial & non-financial reports to Central Bank of UAE (CBUAE) at various frequencies (weekly, fortnightly, monthly, quarterly, half yearly, and annually).
- Support the coordination process with IT to update, change and automate in compliance with CB circulars / guidelines.
- Perform Quality Assurance and second level control checks on periodic regulatory reports to CBUAE and other statistical requirements, ensuring meeting internal and CBUAE validation checks.
- Preparing and communicating regulatory ratios such as (RE Ratio, Cash reserve CRR, and large exposures limit)
- Prepare/update process documentation in full details ensuring compliance with the Bank's standards.
- Support management of the relationship and engagement with the Regulators (e.g. UAE Central Bank, and the UAE Securities and Commodities Authority) on all matters relevant to regulatory reporting, including meetings, visits, reviews, and investigations.
- Reporting FATCA & CRS, and ensure internal compliance with the requirement in coordination with Compliance Department.
- Preparing statistical returns to various Emirates/Ministries with due professional care and without error or omission and within given time frames.
- Pro-active involvement on UAT for modifications or new systems implementation, as well as new product launch, ascertaining regulatory reporting requirements are met.
- Support engagement on Compliance related matters with Regulators, working with relevant colleagues and business units.
- Support relevant senior management in material engagement with the Regulators; including preparation of Briefing Notes and attendance at meetings as and when required.
- Support in the production of internal and external audit data requirements in line with regulatory returns.
- Take on other areas of accountabilities through job rotation within the Department to gain wider exposure, experience and knowledge, helping improve the performance of the team.
- Support towards VAT compliance and VAT process.

Requirements

Requirements:

- Graduate in Accounting / Finance discipline
- High computer literacy
- 3-5 years' experience in the Related field
- Proven track record and understanding of Finance, Accounting and regulatory reporting.
- Strong analytical, reporting, and conceptual skills.
- Planning and organizing skills
- Excellent Communications skills and Good Team player
- Report writing and presentation skills
- High proficiency in Microsoft Excel, Power point, etc.
- Communicating effectively and thinking analytically
- Excellent interpersonal skills
- Ability to multi-task
- Must exhibit honesty and high Integrity
- Must be a team player and capable of thriving in a fast-paced environment
- Must be able to deliver with minimal supervision.

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.