Responsible for directing the fiscal functions of the branch/subsidiary in accordance with generally accepted accounting principles issued by accounting bodies and in accordance with rules laid down by regulatory and advisory organizations.

Responsible for group financial and management accounting and reporting.

Role includes the compilation and analysis of periodic financial and management information, management of costs, filing of regulatory and tax related submissions, and overall financial control of activities within the branch/subsidiary, in accordance with the NBK internal policies, Central Bank of Kuwait guidelines, local regulatory governance requirements and accounting principles.

Responsible for safeguarding the branch’s/subsidiary’s assets and ensuring strict compliance with the Authority matrix.

Risk management oversight.

• Plans, develops, organizes, directs and evaluates the branch’s fiscal function and performance periodically.
• Develops, enhances, implements and enforces financial policies & procedures for the bank by way of systems that will improve the overall operation and effectiveness of the Branch.
• Assists with the branch’s strategic planning & budgeting process; educates line management and participates, from a financial viewpoint, in discussions around the branch’s goals.
• Provides timely and accurate analysis of budgets, financial reports and financial trends in order to assist the IBG CFO and Group Financial Control Division in performing their responsibilities; this includes monitoring of the liquidity position of the bank and advising on any actions to be taken to meet operating needs and/or improve efficiency.
• Prepares the regular management and financial statements for submission and statutory filing with regulatory authorities; this includes liaising regularly with auditors and the regulatory authorities. Responsible for closing financial books and preparing financial statements and for dealing with issues raised by the Central Bank, if necessary.
• Provides mid-office support to treasury.
• Develops the framework for transfer pricing. Helps resolve transfer pricing issues between Treasury and business divisions.
• Adheres to delegated limits of authority and exercises budgetary control to ensure availability of budget before any commitments / payments are effected
• Establishes controls to track business and operational processes and risks; ensures compliance with regulatory requirements and advises on existing/potential breaches to be addressed (including earnings impact due to interest rate risk and interest rate gapping).
• Monitors daily FX net open position for adherence to location limits.

• Degree qualified (finance & banking or related field)
• 12-15 years relevant experience in a banking environment
• A Minimum of 3 years in a managerial capacity
• Qualified accountant (CPA, CA, CFA…)
• Expert knowledge of IFRS
• Understanding of Central Bank regulatory environment and Basel II
• Knowledge and hands on experience with core banking systems
• Experience in implementing core banking and MIS applications (desirable)
• Strong knowledge of local laws and regulations governing activities
• Knowledge of banking products and services
• Ability to effectively communicate in English; Arabic (preferred)