Head of Finance Planning & Performance

About the job
JOB PURPOSE

The Head of Finance Planning & Performance will lead the financial planning and analysis for all business lines of the bank with a key focus on analytics, insight and finance partnering. This role will also effectively be the finance head supporting CFO and GMs within the business. In addition, this role will oversee the Business Intelligence Competency Centre (BICC). This is a key role to formulate and drive the key strategic financial, forecasts, Investor and Board presentations.

Principal Accountabilities

Responsible for leading the management reporting, analysis and insights across Investor, Board, Bank, Business and Performance Units levels.
Market and Peer reporting, insights, and analysis
Financial insight and analysis for the bank and across all business units.
Develop the KPIs and reporting required in collaboration with other support functions to drive performance in distribution, product, and support areas.
Assist the CFO and BU GMs in reporting and analyzing performance against strategic objectives.
Partner with Business Unit GMs to address and correct under-performance.
Identify and implement changes to improve efficiency and effectiveness of operational decision making.
Support CFO and GMs in the management of incentive programs
Responsible for ensuring the financial implications of all new policies and procedures are understood by BU and PU stakeholders.
Provide methodology transparency on technical areas across ECL, financial adjustments, accruals, indirect expenses and Funds Transfer Pricing to relevant stakeholders.
Contribute to drive improved financial performance covering business line profitability, return on equity and the overall improvement of the control environment.
Ensure that monthly reports are transmitted and prepared on time.

Planning, Reporting and Analysis

Responsibility for the preparation of the quarterly board performance report
Responsibility for the preparation of the quarterly investor presentation
Responsibility for the preparation and delivery of the bank-wide monthly financial performance reporting, insight and commentary
Direct the formulation and implementation of Bank-wide strategic and operational plans.
Leading Bank-wide and Business line planning, forecasts, and financial commentary
Provision of strategic insight and assistance with the development of strategic planning
Deep analysis across credit provisioning and recoveries
Optimize Risk Weighted Assets by driving model improvements and improvements in data quality.
Establish a clear and broad mandate to monitor RWA frequently and Institutionalize RWA management.
Oversee the refresh of the indirect allocation’s methodology in collaboration with Head of FP&P
Oversee the development of the RM level plans.

Finance Partnering

Lead bank wide finance partnering capability and engagement model.
First point of contact for BU GMs and PU leaders on any queries related to reporting or finance related issues.
The Head of Finance will effectively be the Finance representative for the business lines, actively influencing day-to-day decisions, shaping strategy and the direction of the business.
Support and influence key operational and strategic decisions supporting the CFO and the GMs of the business lines.
Advise on key business planning assumptions, prioritization, risks, and opportunities.
Interpret and present industry, competitor, and economic assessments in collaboration with relevant stakeholders.
Lead and present at BU Leadership meetings and other decision-making processes.
Develop strong relationships with stakeholders and senior management helping to provide financial insight.
Expect stakeholder management skills, able to provide advice to stakeholders to facilitate the delivery of financial and strategic plans.
Active and valued partner on business line leadership teams
In-depth knowledge of different business areas, to act as the finance specialist.

Business Intelligence Competency Centre

Lead and manage the recurring data warehouse reporting.
Lead the designing, developing and maintenance of business intelligence solutions.
Manage the delivery of one-off data warehouse reporting requests.
Manage the new project BICC reporting.

Financial Modelling & Project Business Cases

Develop and / or evaluate new business initiatives and business cases together with the provision of financial modelling, scenario, and sensitivity analysis.
Oversee capital planning including capital deployment and optimization of capital structure.
Oversee the development and improvement of complex forecasting Financial models.
Identification of business opportunities and maximum benefits realization
Support the development of a refreshed Fund Transfer Pricing with the Product Controller and achieve alignment on product pricing and performance measurement with key BU stakeholders.
Lead business line capital modelling, and transactional analysis, driving respective business lines to increase return on equity.

Leadership and People Management

Mentor high performing team members by helping to create a center of excellence and instilling best practices across finance.
Support the recruitment of finance employees including Emirati graduates.
Build and lead a high performing team.

Qualifications

Undergraduate degree and fully qualified chartered accountant
Highly computer literate with a comprehensive commercial understanding

Experience

15+ years’ experience across chartered accounting public practice and within financial services organizations
Expert in finance, commercial and accounting concepts and processes

Skills

Outstanding finance partnering skills.
Communicating with persuasive influence and impact across all levels of organization
Relationship building skills.
Strategic and commercial acumen
High level of drive, energy, and commitment to achieving outcomes
Ability to handle change effectively and deal with ambiguity.
Superior financial performance management skills across wholesale banking revenue, expenses, risk weighted assets and return of equity dimensions.
Product or Treasury Control experience
Financial Control experience
Sound understanding of Basel, funding, and liquidity.
Strong stakeholder management and outstanding communication, written and verbal, and interpersonal skills