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.

Principal Accountabilities

Preparation and/or Review of various financial & non-financial reports to Central Bank of UAE (CBUAE) at various frequencies (fortnightly, monthly, quarterly, half yearly, and annually).

Ensure that all reporting to CBUAE is with due professional care without any error/omission and time frames.

Responsible for CBUAE reporting programme (BRF) in coordination with IT to update, change and automation in compliance with CB circulars / guidelines.

Preparation and/or Review of various workings /details for Basel III capital calculation, RWAs with respective Finance teams and Risk Unit for submission to CBUAE.

Coordinate for liaising with CBUAE and internal audits related to CBUAE reporting data.

Reporting FATCA & CRS, and ensure internal compliance with the requirement in cooperation with Compliance Department.

Supervising submission of statistical returns to various Emirates/Ministries with due professional care and without error or omission.

Design and implement appropriate finance policies and procedures to ensure accurate capture and accounting treatment for all transactions as per required regulations.

Track key regulatory matters ensuring appropriate level of engagement and oversight, ensuring absolute integrity in the bank's financial reporting.

Develop communication and reporting on regulatory announcements and change.

Act as liaison with IT to update, change and automate Central Bank reporting inputs to ensure correct accounting treatment for new and existing products.

Ensure timely provision of documentation and data for internal and external audit requests.

Support the preparation of annual and interim financial statements along with financial disclosures in line with applicable regulations and requirements of relevant regulatory bodies.

Ensure reporting period delivery and concerns are well managed and stakeholders are kept appraised of progress with regular status updates.

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 in the regulatory reporting transformation initiatives.

Requirements

Requirements
Qualifications/skills/Experience

Chartered Accountant or Masters Degree with superior accounting skills and experience.

Highly computer literate with a comprehensive knowledge of commercial business drivers

6+ years' experience in finance / accounts functions preferably in a Bank.

Full Awareness of the Central Bank requirements.

Knowledge of finance, commercial and accounting concepts, processes and procedures.

Strong regulatory change management, process improvement and automation.

Good command of English with additional language skills

Exceptional analytical skills

Superior report writing skills

Excellent numeracy and accuracy

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.