:Role: Senior Manager - Financial Reporting
Location: Abu DhabiRole Purpose:The Senior Manager - Financial Reporting at ADIB Group is responsible for overseeing capital adequacy management, internal control over financial reporting (ICFR), and taxation, ensuring compliance with regulatory requirements and providing strategic support.

• Financial Reporting: the preparation and publication of periodic financial reports, ensuring compliance with IFRS standards and regulatory requirements, and advising senior management on reporting trends.
• Capital Adequacy Management: managing the capital planning process, supporting strategic decisions with robust capital assessments, and ensuring compliance with regulatory requirements.
• Internal Control Over Financial Reporting (ICFR): ensuring ICFR compliance, managing continuous monitoring and evaluation, and coordinating with external auditors for certification purposes.
• Taxation: preparing tax provisions, identifying tax savings, ensuring compliance with tax regulations, and advising management on tax liabilities and strategies for the Group.

Key Accountabilities of the role
RESPONSIBILITIES: * Financial reporting:

• Directs and oversees the preparation and publication of periodic financial reports for the entire ADIB Group.
• Ensures that reports, filings and documentation comply with Bank's policies, IFRS standards, CB UAE and SCA regulations.
• Maintains the chart of Account across all Group entities. Ensures that Product, chart of account, entries / transactions and accounts are accurately and properly consolidated as per Group Accounting Policy and are included in internal and external financial reports correctly.
• Advises management of trends and changes in reporting requirements and recommends best approach for implementing those changes in the said reportings.
• Provides subject matter expertise in accounting policy and regulatory reporting, including IFRS.
• Additionally, serve as liaison with or oversee the work of the external / internal / sharia's / CBUAE auditors Capital Adequacy Management including Capital Planning, ICAAP and Stress Testing:
• Develop and manage the capital management framework for ADIB Group on consolidated and standalone level as per the CBUAE regulations and Basel standards.
• Manage the capital planning process for the ADIB Group as well as on UAE standalone level and other material financial subsidiaries level.
• Support strategic decision through the provision of robust capital plans and capital assessments on new business booking, portfolio or business acquisitions.
• Regularly assess the Group's capital adequacy, identifying vulnerabilities and capital optimisation opportunities.
• Communicate effectively with senior stakeholders including management, and regulators and lead the engagement with Internal Audit and CBUAE examiners.
• Monitor and demonstrate compliance with all relevant regulatory requirements and internal policies.
• Oversee the development, implementation, and continuous enhancement of the capital management and planning process.
• Liaise with business units and financial subsidiaries to assess Pillar 1 capital and Pillar 2 capital for all risks of the Bank to ensure compliance with CB UAE and Subsidiary's regulator requirement.
• Liaise with Risk Management on the enterprise-wide stress testing to be included in the ICAAP.
• Liaise with Risk Management on the Macro stress testing exercise to be submitted to CBUAE.
• Responsible for managing, developing and publication of the disclosures required under Pillar 3 of Basel Standard for capital, liquidity and other Risks. Also liaise with internal and external auditors for their review on quarterly and annual basis.

• ICFR:
• Ensuring compliance with the ICFR including certification by Directors and External Auditors.
• Custodian of the ICFR controls documentation for all the location.
• Develop and manage a plan for continuous monitoring and evaluation of ICFR.
• ICFR awareness activities including training local staff.
• Liaising with all departments to ensure that all periodic controls are complied with.
• Maintain a dashboard for all ICFR controls that fail internal testing and follow up with responsible departments to ensure swift remediation.
• Coordinating the testing of controls by external auditors for the purpose of certification in the financial reports.
• Come up with compensating controls for controls that fail testing and are not remediated by the end of the reporting period.
• Taxation:
• Prepare tax provisions schedules, returns, payments, reports and maintain a company's tax database.
• Find tax solutions to complicated tax issues.
• Identify legal tax savings and recommend ways to improve profits.
• Make sure the bank complies with all federal, state and local tax regulations.
• Advise management about the impact of tax liabilities and corporate strategies or new tax laws.
• Accurately prepare quarterly and annual tax reports.
• Keep up-to-date with tax changes and industry trends by participating in educational opportunities, participating in professional organizations, keeping up with professional networks and reading professional publications.
• Prepare deferred tax computations and assessments and planning for the short term.

ESG: * Preparation of ESG disclosures for financial reporting requirements as per the IFRS S1 and S2 standards.

• Ensures alignment with ESG disclosure requirements and best practices.
• Identifies potential challenges and proactively manages them to ensure on time and quality deliverables.

• Applying sound ethical judgment regarding personal behavior, conduct and business practices.
• Escalating, managing, and reporting control issues with transparency, if any.
• Effectively supervising the work activity of the reportees and creating accountability with those who fail to maintain the minimum work standards.
• Provides subject matter expertise in accounting policy, including application of IFRS.
• Prepare ad-hoc analysis as requested for various projects.
• Any other job specified by the line manager.

Specialist Skills / Technical Knowledge Required for this role:

• Professional qualification / certification in accounting / Finance (ACA, ACCA or CPA)
• Strong analytical skills with Financial reporting background
• Excellent knowledge of Bank financials / Bank product / Sharia Principle relating to Banking
• Excellent in computer skills (MS Excel, MS word, MS PowerPoint)
• Sound leadership and influencing skills.
• Excellent soft skills and a team player

Previous experience required (if any)10-15 years' of post qualification work experience including minimum 5 years' experience in Financial reporting function of a bank.

ADIB