About the Role
The role involves managing and overseeing regulatory reporting activities for banking operations in UAE and overseas branch jurisdictions. The primary responsibilities include ensuring the accuracy, completeness, timeliness, and compliance of regulatory submissions according to applicable standards. The position is also tasked with maintaining a robust control environment around regulatory submissions, resolving issues, coordinating with various stakeholders, and supporting strategic initiatives for regulatory and reporting functions, including automation and data transformation to enhance reporting efficiency and data governance.
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Key Responsibilities
- Manage the preparation, review, and submission of regulatory reports for UAE and overseas branches, SCA, DFSA, subsidiaries, and Islamic banking within prescribed timelines.
- Oversee reporting related to Basel regulatory requirements, including Capital Adequacy Ratio (CAR), Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Leverage Ratio, and other prudential/statistical returns.
- Ensure compliance with Central Bank regulations, regulatory requirements, and internal governance standards.
- Maintain a strong control environment around regulatory reporting processes, including reconciliations, validations, data quality checks, and supporting documentation.
- Coordinate with Finance, Risk, Treasury, Operations, Compliance, Technology, and overseas branch teams to ensure data integrity and consistency in reporting.
- Monitor the impact of new regulatory requirements and business changes on reporting obligations.
- Drive timely resolution of reporting issues, data inconsistencies, regulatory queries, and audit observations.
- Support Central Bank examinations, regulatory reviews, and internal/external audits by providing timely analysis and responses.
- Review and improve reporting methodologies, assumptions, mapping logic, and processes.
- Lead initiatives aimed at improving reporting efficiency through automation, digitization, and AI-enabled processes.
- Implement and enhance regulatory reporting systems, dashboards, and data governance frameworks.
- Identify opportunities for process optimization and strengthen reporting governance across jurisdictions.
- Provide reporting analysis and updates to senior management and governance forums.
- Contribute to regulatory reporting transformation initiatives and continuous improvement programs.
Operating Environment
This role operates within a highly regulated banking environment, ensuring the timely and accurate compliance of regulatory reporting across UAE and overseas jurisdictions. The position requires close coordination with various departments like Finance, Risk, Treasury, and Compliance, as well as with external regulators and auditors, all while adhering to established regulatory frameworks and internal controls. Effective professional judgment is essential in managing the competing priorities and challenges that arise in a dynamic regulatory landscape.
Problem Solving
- Investigate and resolve complex reporting issues and data inconsistencies.
- Analyze the root causes of reporting variances and implement corrective actions.
- Assess the impact of new products, regulatory updates, and organizational changes on reporting obligations.
- Evaluate process inefficiencies and recommend enhancements.
- Escalate material reporting issues appropriately while proposing solutions.
- Drive continuous improvement initiatives to enhance reporting accuracy and controls.
Decision Making Authority & Responsibility
- Review and approve regulatory reporting outputs prior to submission within delegated authority.
- Exercise judgment on reporting interpretations and control exceptions.
- Recommend enhancements to reporting frameworks, governance standards, and processes.
- Coordinate prioritization of reporting deliverables and issue resolutions.
- Support senior management in managing regulatory reporting risks and compliance obligations.
- Act as a key contact for regulatory reporting matters across jurisdictions.
- Contribute to strategic decisions related to reporting transformation and automation.
Knowledge, Skills and Experience
- Chartered Accountant with 13-15 years of relevant banking experience in regulatory reporting, finance control, financial reporting, or banking finance functions.
- Proven experience working with regulators, auditors, and cross-functional teams.
- Familiarity with complex reporting structures and regulatory requirements specific to large banking environments.
- Knowledge of prudential regulations, capital adequacy, liquidity reporting, and regulatory governance.
- Understanding of banking products, treasury activities, risk concepts, and financial control processes.
- Experience in reporting automation, data transformation, and analytics is preferred.
- Strong analytical, problem-solving, and stakeholder management skills.
- Ability to interpret regulations and translate requirements into reporting processes.
- Detail-oriented with a control-oriented mindset.
- Capacity to manage multiple priorities under tight regulatory deadlines.
