Section Head Financial Reporting
Commercial Bank of Dubai
مجموع سنوات الخبرة :22 years, 3 أشهر
Working as Section Head Financial Reporting since March-11. Responsibilities include:
Supervision of Financial Statements & compliance with IFRS, IAS & Central Bank (CB).
Overseeing the Group consolidation and financials as prepared by the subsidiaries.
Supervision of all Central Bank reporting and ensuring internal & CB validations checks.
Calculation of new liquidity ratios (Basel III) and recommending management on the gaps.
Supervision of Basel II statements & implementation of advanced approaches.
Represent Financial Controls on committees assigned for advanced approaches on Operational Risk & IRB.
Preparation of budgets (bank level) & rolling forecasts and assessing performance benchmarks.
Quarterly analysis of the Bank’s performance with Peer Banks.
Involved in vetting of accounting processes for treasury products, trade finance services, lending, deposit profit rates & products, etc.
Due diligence workings on investment proposals and strategic investments.
Calculation of segment wise and economic capital and capital management.
Liaison with external, internal & CB auditors and rating agencies and resolution of their queries.
General ledger (GL) monitoring and controls.
Strategy & policy papers for Board & Management committee’s approval.
Achievements:
Coached my subordinates in the unit and departments in MS-Excel & reporting skills.
Review of Banks’ Annual Report with Peer Banks and identifying the gaps & areas of improvements.
Review of Corporate Governance manual and disclosures in the annual financials and performed gap analysis.
Trainings:
Completed the ILM - 3 training on coaching and successfully implemented in the department.
Attended several trainings on IFRS updates, Basel III, derivatives, FATCA, stress testing, etc.
Worked as Senior Manager Financial Reporting and Policy, from June 07 till May 10. Responsibilities included:
Supervision of Financial Statements & compliance with IFRS & Central Bank (CB).
Review of quarterly accounts prepared by subsidiaries &overseas branches and to ensure compliance as per IFRS, IAS & the regulatory authorities.
Write-ups for impact on FS, operations, products etc. regarding amendments, new legislations in IFRS, IAS, CB regulations.
Tax computation on capital gains and fixed income securities.
Implementing advanced approaches of Basel II.
Supervised the financial activities & reporting of the Islamic Banking window.
Reviewed the investments policies (banking book) & recommended changes to the portfolio.
Coordinated with treasury front & middle office in identifying accounting procedures
Involved in the testing and certification process of the financial modules.
Coordination with Vendors & IT for automation of various financial reports.
Worked as Unit Head Financial Reporting and Accounting from February 06 to March 07. Responsibilities included
Preparation of Financial Statements in accordance with the identified financial reporting framework & Liaison with Internal/External/Regulatory Auditors for the audit.
Supervision of GL & Accounting system and support for any modifications & resolutions as highlighted by branches / internal customers.
Supervision of SBP (Central Bank) reporting.
Involved in the testing and certification process of the Financing related modules with reference to their accounting impact.
Supervision of calculation of profit rates through pool management and profit distribution on Deposit Accounts.
Set up a system for Accounts & Payments and automation of various MIS & financial reports and preparation of accounting policies & policy manuals.
Worked as Manager Financial Reporting & Taxation from January 2005 till February 2006. Responsibilities included:
Preparation of Financial Statements in accordance with the identified financial reporting framework and Reporting to SBP (Central Bank).
Computation of NPL portfolio & their provisions (Corporate & Consumer) and provision recons w.r.t current charge, write-offs and reversals.
Carry out Pre-Closing review designed to ensure the appropriate preparation of Financial Statements in all material respect & liaison with Auditors for the audit of Financial Statements and other reports.
Actively worked on MISYS & involved in mapping of Financial Statements & highlights. Member of COSO framework implementation team.
Preparation of Quarterly Advance Tax returns & Quarterly tax computations for accounts.
To automate Bank’s Fixed Asset management System (FAMS).
Worked as an Asst. Manager from March 2001 to December 2004. Responsibilities included
Preparation of accounts & Budget and liaison with Auditors for the audit.
Preparation and analyses of daily cash flow statements.
Computation and analysis of NAV, sale & repurchase price and units.
Preparation of asset portfolio & computation of Capital Gains.
Monitoring of borrowings and their repayments.
Computing and accounting markup on term finance certificates, Placements & Borrowings.
I did my BE in Electronics Engineering with majors in Signals, Communications, networks, etc. Had a first division through out y 4 years education
I had a good Second Division and through this was a ble to get Articleship in an Ernst & Young member company.