Finance Analyst

Job Description:
Job Title: Finance Analyst
Corporate Title : Vice President
Location : Riyadh, Saudi Arabia
Role Description:
Key Responsibilities include:
* Responsible for MLKSA Finance:
* Internal and external audits, Vendor Management approval on engagement letters
* Financial Statements Audit
* Client Money Review
* Capital Adequacy Review
* GOSI/non-GOSI AUP
* Preparation of Financial Statements, working with APG
* Representing Finance at Board meetings, Audit Committee meetings
* ICAAP production including stress testing & Pillar ‎3 disclosures, coordinating the Working Group and presenting to Steering Group
* Liquidity Risk and Capital Management Policies, and Contingency Funding Plans including testing and monthly cash flow forecasts
* Monthly Capital Adequacy Reporting
* Compliance with CMA Prudential Rules, KSA Company Law rules affecting Finance
* Review of Trading PL, including reconciliation to GL, sign offs in BUCS and Bookmap, and proactive resolution of E2A breaks
* Implementing the finance side of the Saudi CCP Project, providing sub-ledger accounting entry templates to Operations
* Maintenance of Intercompany Service Agreements (SoW/SADB/TPSLA)
* Month End close Journals in Oracle Cloud Ledger
* Monthly commentary on BS and PL variances for both local IFRS reporting and US GAAP for close meetings and MLKSA CEO
* Coordinating and testing the translation of Books and Records into Arabic
* VAT, WHT & CIT Compliance including primary support for tax inspections and appeals, and implementing e-Invoicing and Contracts Information Filing
* Quarterly CORPTAX updates for US GAAP tax provision and DTA.
* Coordinating BS substantiation, assisting centralized teams by supplying support for their reconciliations
* Reviewing BS reconciliations in detail including both BANA and local bank account reconciliations, promptly following up breaks
* Completing and evidencing controls the monthly Supervisory Review
* Administer the Saudi Corporate Card programs for joiners and leavers, reviewing the card BS reconciliation and resolving related issues
* Update and maintain Finance procedures on the Finance SharePoint
* Maintain lists of bank accounts, authorised signatories, authorised representatives and executive officers in BIS.
* Proactively identify and then close self-identified audit issues
* Work within the MENA finance team as a whole to develop knowledge share and provide appropriate levels of cover across MENA
The Team:
The Finance Analyst will play a key role in the MENA finance team, taking
ownership and responsibility for Saudi Arabia Finance, as well as providing
cover for UAE and Qatari Finance processes. The MENA based Finance team is a
small unit of experienced banking and investment professionals.
A positive professional attitude, teamwork and hands on proactive involvement
will be critical for the success of the individual, team and function.
Core Skills:
* Qualified accountant
* A graduate degree in a financial subject
* Excellent Excel skills, experience with Alteryx will be advantageous
* Proven finance/management accounting experience gained within a regulated financial services institution, preferably within a global investment bank
* Training with a major public accounting firm would be an advantage
* Fluency in English & Arabic is essential
Bank of America:
Every day, across the globe, our employees bring a commitment to our purpose
and to driving responsible growth by living our values: deliver together, act
responsibly, realize the power of our people and trust the team. A key aspect
of driving responsible growth is doing so in a sustainable manner, a critical
pillar of which is being a great place to work for our teammates.
In line with these values, in EMEA we have ‎9 Employee Networks, a wide range
of Sports & Social clubs, and other development and networking opportunities
so that you can enjoy a range of experiences and connect with colleagues
across the bank. We also offer exclusive discounts to some of the most iconic
cultural experiences for you to enjoy in your spare time outside of work.
Learn more about our benefits here.
Good conduct and sound judgment is crucial to our long term success. It's
important that all employees in the organisation understand the expected
standards of conduct and how we manage conduct risk. Individual accountability
and an ownership mind-set are the cornerstones of our Code of Conduct and are
at the heart of managing risk well.
We are an equal opportunities employer, and ensure that no applicant is
subject to less favourable treatment on the grounds of gender, gender
identity, marital status, race, colour, nationality, ethnic or national
origins, age, sexual orientation, socio-economic background, responsibilities
for dependants, physical or mental disability. The Bank selects candidates for
interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all
candidates and encourage any candidates to tell us about any adjustment
requirements. As part of our standard hiring process to manage risk, please
note background screening checks will be conducted on all hires before
commencing employment.
Job Band:
H6
Shift:
Hours Per Week:
‎40
Weekly Schedule:
Referral Bonus Amount:
‎0