Mandate Skills

• Commerce background (Graduate) with specialization in Accountancy. ACCA/CA or equivalent qualification
• Prior experience of up to 5 years working in Finance department of a Bank and at least 2 years in Regulatory Reporting.
• Knowledge of Accounting and Reporting aspects including International Financial Reporting Standards 
• Knowledge and understanding of Central Bank guidelines on BRFs

Organization Unit Purpose

The Deliverables of the department are: 

Regulatory Reporting to Central Bank of UAE at pre-defined frequency ((Daily / Weekly / Monthly/ Adhocs)) 

Capital Adequacy Ratio as per Basel Framework, Pillar III Disclosures 

Regulatory management Reports   

Liaise with Internal and External Auditors 

Liaise with Central Bank Auditors (including, preparing, engaging and reviewing CB examination forms) 

Job Purpose

The Jobholder is required to prepare in all Regulatory Reporting activities. The activities will include coordination with all stakeholders for data required to prepare monthly, quarterly, and annual Central Bank Returns. Based on the data, preparation / initial self-review of CBUAE returns. In addition, provide assistance in day-to-day activities of Regulatory Reporting team. 

Detailed description: 

• Ensure timely preparation & submission of Central Bank weekly, fortnightly, monthly & quarterly returns. 
• Preparation of the Basel as per Standardized Approach Ratio & Pillar III disclosure 
• Performing validation and ensuring overall accuracy of returns at time of regulatory form submission & uploads. 
• Ensure compliance with all statutory & regulatory requirements.   
• Timely preparation of other reporting requests /ad-hoc requests by Central Bank Auditor 
• Preparing & providing clarifications on CB requirements to Regulatory Reporting teams in subsidiaries 
• Performing validation and analysis of data received from group subsidiaries. 
• Supporting Regulatory team in conducting Impact Analysis of the new CB circulars issued 

Job Content

• Preparation of the Basel Ratio within the agreed timelines for market disclosures and submission to 
• Central Bank in the specified formats
• Preparation of the working files for Basel Standardized approach. 
• Preparation of the Annual Pillar III Disclosures for the Group by collating information from various departments/ subsidiaries and branches
• Preparation of Annual Central Bank Examination by arranging data in the CB desired formats by collating and coordination of information from various departments. Provide the standard monthly details in the agreed upon format within the desired timelines. 
• Preparation BRF reporting Guidelines issued by Central Bank. 
• Co-ordinate with various stakeholders to ensure availability of the data in the systems. 
• Collating information from various departments as per the specific requests of Central Bank and other  
  regulators in the specified formats
• Preparing and analyzing the weekly, fortnightly, and monthly returns and ensure submission in the specified timelines. 
• Provide data to the Internal stakeholders as per timelines like EMTN updates, data for Investor relations etc.
• Assist Regulatory team in other related projects as applicable (Data enrichment / reporting automation/ regulatory questionnaire)

Person Specifications

Education 

Commerce background (Graduate) with specialization in Accountancy.  ACCA/CA or equivalent qualification.   

Experiences

Prior experience of up to 5 years working in Finance department of a Bank and at least 2 years in Regulatory Reporting

Knowledge & Skills 

Knowledge of Accounting and Reporting aspects including  
International Financial Reporting Standards 

Knowledge and understanding of Central Bank guidelines on BRFs. 

Strong Interpersonal skills 

Strong analytical skills 

Behavioral Competencies 

 Ability to work in a multi-cultural organization.   

Ability to work under pressure. 

Ability to interact with business finance teams and all other key stakeholders. 

Tanfeeth

Established in 2011, Tanfeeth is the Gulf Cooperation Council’s (GCC) first large-scale Business Service Partner and fully owned subsidiary of Emirates NBD. Tanfeeth is dedicated to supporting the Emirates NBD Group by delivering regional expertise, cost productivity, and excellence in customer service delivery in terms of quality, consistency and efficiency, to the Group’s growing customer base.

In Arabic, ‘Tanfeeth’ means ‘getting the job done’ and that’s exactly what we do! We function as an operations and service platform with international customer service standards. Our end goal is to continue to raise the benchmark for customer service across the region and deliver exceptional customer experience through partnership, passion & people.