Vice President – Financial Control

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Mashreq

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1967

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Mashreq is a leading financial institution based in the UAE, offering a wide range of banking services including personal, corporate, and investment banking. The bank focuses on providing innovative financial solutions to its customers and has a strong digital banking presence.

📋 Description

• Oversee and strengthen the bank’s financial control framework across products, processes, systems, and geographies. • Perform second-line oversight and monitoring of sundry and suspense account governance, including review of ageing balances, threshold breaches, unresolved items, and related risk exposures. • Ensure timely identification, escalation, tracking, and resolution of aged or high-risk balances in coordination with Operations, Finance, Technology, and business teams. • Review and assess financial control risks arising from operational processes, accounting treatments, reconciliations, and system workflows. • Act as the central point of contact for financial control matters across major projects, products, process changes, and transformation initiatives. • Review all new product and process approval requests to ensure accounting, reconciliation, financial reporting, and control requirements are appropriately identified, documented, implemented, and tested prior to launch. • Ensure accounting treatment for new and existing products remains consistent with applicable accounting standards, regulatory expectations, and internal policies. • Review impact of system upgrades, process changes, automation initiatives, and technology enhancements on financial controls, accounting flows, reconciliations, and reporting integrity prior to deployment. • Ensure key reconciliations, substantiation processes, and financial control activities are operating effectively and supported by appropriate governance and documentation. • Coordinate with Finance, Operations, Technology, Risk, Compliance, Internal Audit, and external auditors on financial control matters, observations, and remediation activities. • Support internal audits, regulatory examinations, and external audit reviews by providing analysis, documentation, and timely closure of action items. • Drive continuous improvement in financial controls through automation, digitization, data governance enhancements, and AI-enabled monitoring capabilities. • Support implementation of control dashboards, automated reconciliations, exception management tools, and intelligent monitoring solutions. • Assess control gaps, operational risks, and process weaknesses, and recommend practical remediation and governance enhancements. • Provide management reporting, risk insights, and control status updates to senior management and governance forums. • Promote strong financial control culture, governance discipline, accountability, and operational transparency across the bank.

🎯 Requirements

• Chartered Accountant with 15-18 years of relevant banking experience within Financial Control, Finance, Regulatory Reporting, Product Control, or related functions. • Experience in large banking environments with complex products, systems, and multi-jurisdiction operations. • Strong exposure to new product approval processes, reconciliation governance, accounting control frameworks, and audit/regulatory interactions. • Experience in financial control transformation, automation, digitization, or large-scale process enhancement initiatives is preferred. • Sound knowledge of IFRS, banking products, financial reporting processes, and regulatory expectations applicable to financial control environments. • Understanding of system workflows, accounting interfaces, product lifecycle processes, and control governance principles. • Awareness of automation, digitization, data governance, and AI-enabled control monitoring practices. • Strong analytical, problem-solving, and risk assessment capabilities. • Excellent stakeholder management and communication skills. • Strong control-oriented mindset with attention to detail and governance discipline. • Ability to assess complex operational and accounting processes and identify control implications.

🏖️ Benefits

• Investigate and resolve complex financial control issues, reconciliation breaks, accounting inconsistencies, operational risk events, and control deficiencies. • Analyze root causes of control failures, aged balances, and reporting issues, and implement sustainable corrective actions. • Assess impact of new products, transactions, system enhancements, and operational changes on accounting, reconciliation, and financial control processes. • Evaluate process inefficiencies and identify opportunities for automation, standardization, and control optimization. • Exercise sound judgment in assessing materiality, risk exposure, escalation requirements, and remediation priorities. • Drive proactive risk identification and continuous improvement initiatives to strengthen the overall control environment.