Assistant Regulatory Reporting Finance Manager RAKBANK UAE

Assistant Regulatory Reporting Finance Manager at RAKBANK UAE is responsible to prepare Regulatory Returns, Banking Return Form (BRF) for CBUAE for banks (Monthly, SRR, Quarterly, Half yearly and Annually) and regulatory returns for CBUAE/IA and DFSA for Protego and RAK FS, respectively. Also responsible to act as a controller of Protego and RAK FS (subsidiaries).

Responsibilities of Assistant Regulatory Reporting Finance Manager

• Preparation and submission of regulatory returns (BRF) for CBUAE for banks (Monthly, SRR, Quarterly, Half-yearly and Annually).
• To make sure that regulatory returns (BRF) are submitted on time and the completeness and correctness of returns submitted.
• Send confirmation to appropriate business units.
• To provide documents/files as required by other Business Units related to Central Bank Reporting.
• Timely preparation and submission of regulatory returns for CBUAE/IA and DFSA for Protego and RAK FS, respectively.
• To review the financials prepared by ROC finance team.
• To review the MIS report prepared provided by MIS team/Finance Business Partner.
• To review and prepare analysis on the RAKBANK medical profitability report provided by RAKNIC.
• To prepare other reports as requested by management, auditors, etc.

Requirements of Assistant Regulatory Reporting Finance Manager

• Bachelor’s degree in finance, accounting, or a related field.
• 5- 10 years’ experience in Regulatory Reporting, preferably in the banking sector.
• Experience working in fast paced and dynamic environment.
• Proven track record in developing and implementing Regulatory Reporting framework.

Skills and Knowledge Desired

• Strong inter personal skills required to communicate with internal stakeholders and regulators.
• Excellent communication and presentation skills.
• Awareness of regulatory guidelines and regulations (CBUAE, IA and DFSA).
• Awareness of banking regulatory framework, banking policies, fair practices.
• Awareness of IFRS and appropriate accounting standards.

Job Benefits

• Pay for performance culture (Competitive and performance-linked compensation).
• Provision of medical care plan for your family and you.
• Comprehensive Life insurance plan.
• Diverse workforce and inclusive culture.
• Career development and growth opportunities by design.
• Work with the best minds in the field.
• Get opportunities to bring your whole self to the organization and perform to your best.

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Tagged as: Finance Manager