HEAD FINANCIAL CONTROLLER ( Banque )

CFO is responsible for financial strategy, financial condition and position of the bank that
requires personnel with extensive knowledge and experience to strengthen financial discipline in banking operation. He /She will be responsible for successful implementation of financial system as per international standard, Central Bank guidelines and Bank Company Act. CFO will have to work in close consultation with the Country Managing Director and report to him. He will be accountable for the financial and risk management operations including development of financial and operational strategy, metrics tied to that strategy and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

SPECIFIC DUTIES & RESPONSIBILITES

Financial

• To oversee asset liability management and fund management program for the Bank.
• To review the institution’s financial conditions, financial position and recommend viable alternatives for cost effective operation.
• To develop and expand financial strategy of the bank management in order to developand strengthen the financial capacity of the bank.
• To participate in the strategic planning process, to lead the budgeting and forecasting of the bank and to build a strong financial discipline and accountability foundation forbudgeting and forecasting.
• To establish a powerful and effective financial system in the bank and help to prepare all accounts & financial statements of the bank timely and review periodically.
• To implement the policy & procedures relating to financial management, accounting and budget planning and to improve the quality of banking operation.
• To assist the bank in the field of financial and management accounting, costing andauditing. Other fields of importance will include developing and implementingcomputerized financial system and management accounting system.
• To plan, direct and coordinate the implementation of effective accounting and financialadministration policies, procedures and reports to ensure meticulous compliance of bank’s financial policy for sound financial management and control of the Bank.
• Tax management – Corporate Tax, Employee Tax and VAT.
• To prepare, present and interpret financial reports to the management, Board ofDirectors, shareholders etc

Risk Management

• Maintain and administer internal control and compliance policy ensuring that all key risks are covered by appropriate rules and that line management have an effective system in place to identify, monitor and measures risks management framework of the bank and to introduce and implement risk based internal audit system.
• Understand and mitigate key elements of the company’s risk profile.
• Devise and monitor reliable control systems.
• Ensure that the company complies with all legal and regulatory requirements.
• Report risk issues to the audit committee of the Board of Directors.
• Maintain relations with external auditors and investigate their findings andrecommendations.

Audit

• Review the findings and recommendations made by the internal & external auditors.
• Meet the requirements of the regulatory authority regarding internal control, compliance and internal audit; provide suitable directions and leadership to the audit and inspection unit, monitoring unit and compliance unit; ensure compliance to Government Commercial audit, statutory audit (CA firms) and Central Bank audit.
• Submit report to the Managing Director & CEO, Audit Committee / Board of Directors periodically with assurance that risk-based audit concept is being implemented effectively and bank’s asset & liabilities and other factors are free from risks to a great extent.

Others

• Manages and motivates subordinate staff; reviews and assesses performance, buildsemployee capacity, supports their professional development and enables employees to optimize their contribution to the department.
• Develop performance measures that support the company’s strategic direction.
• Participate in key decisions as a member of the executive management team.
• Maintain in-depth relations with all members of the management team.
• Manage the accounting, investor relations, legal, tax and treasury departments.
• Partnering with other domains in the bank - Human Resources, Information Technology,
• Business Lines & Risk Management

Special and other Duties

• Any other task assigned by Country MD.

WORK GUIDE & REFERENCES

• Banking Act
• Regulatory bodies guidelines, directives AML
• Tax strategy & operation.
• Financial reporting & control.
• Financial management support for all divisions.
• Revenue & capital expenditure management.
• Budgeting & forecasting

Education Required

• Minimum Education - A good first degree in any discipline minimum 2:2 or its equivalent. Relevant Master’s degree will be an added advantage
• Professional accounting qualification required -The candidate must be a Chartered Account.

Minimum Experience

• Minimum of 10 years’ experience in a similar position. Experience in auditing will be an added advantage.

Areas of Operation

• Good accounting and financial management skills
• Good industry Knowledge
• Good reconciliation skills (data entry /documentation)
• Environmental / industry analysis
• Financial analysis / interpretation
• Strategic business planning.
• Basel–II/III