Job Purpose

Assistant Manager - Finance

Mashreq Bank London (MBUK), England, United Kingdom (UK) Remote working (Based in India)

Support Finance Manager UK for Mashreqbank psc, London Branch (MBUK) for financial/ regulatory reporting while supporting various other MIS, finance deliverables and ad-hoc projects

Key Result Areas

Reporting to Finance Manager UK for Mashreqbank psc, London Branch (MBUK) supporting below key functions while working remotely.
• Support Finance Manager on financial accounting requirements in line with the UK regulations & guidelines, international accounting standards (IFRS) and Head Office (HO) policies.
• Support Finance Manager on financial risk/ process control & governance including reconciliation, expense control & management
• Assist MBUK regulatory requirements in UK, including regulatory reporting to Bank of England PRA (Prudential Regulation Authority) and FCA (Financial Conduct Authority), HMRC (HM Revenue and Customs) UK taxation and transfer pricing.
• Managing & optimising the branch liquidity position working with the UK branch ALCO
• * When required Support other IBG (International Banking Group) Finance deliverables (internal and external) including project support (system implementation and migration) and ad-hoc requirements.

Key Result Areas (Continued)

Ensure the Branch’s accounting system and related MIS (Management Information Systems) runs in an efficient and timely manner as such that it conforms to the requirements of the UK regulations and Mashreq policies.
• Monthly ledger posting including accruals, pre-payments, fixed asset depreciation, management fee, allocation of cost to other business units/ cost centers and handling of cost recharges from/to head office
• Supporting MBUK Finance Manager for general ledger (GL) accounting and providing profit and loss (P&L), balance sheet (BS) variance analysis and commentary against budget to be presented to internal stakeholders.
• Responsible for production of monthly and ad-hoc MIS/ flash reports (P&L/ BS), liquidity and other ALCO related reports.
• Assist Finance Manager for monthly, quarterly, and annual Finance related internal and external deliverables, including regulatory, VAT and tax returns
• Responsible for completing Finance related monthly and quarterly operational risk controls (RCSA) to ensure accuracy of the process and raise exceptions through PRISM to be approved by Finance Manager and escalation control issues to Finance Manager, Country Head or appropriately following Mashreq internal policies and regulations where applicable. Responsible for clearing Finance related nostro outstanding items by allocating against GL accounts and cost centers/ business units
• Preparation of invoice journals received from Branch Admin Team and coordinate with offshore support team (MGN) for processing regular vendor invoices and all payroll related payments.

Key Result Areas (Continued)

Assisting the Finance Manager and other business units with the annual branch expense/ capital/ staff budget and revenue plan
• Assist Finance Manager for UK and IBG ALCO related deliverables, such as producing the ALCO monthly pack updates
• Provide support as and when required to other branch, head office and other IBG location Finance/ Non-Finance stakeholders such as Country Head, Relationship Managers, Operations, Compliance and IT and Branch Services
• Provide support for Finance and non-Finance ad-hoc projects such general ledger migration, regulatory returns automation, system testing

Knowledge, Skills And Experience

Degree educated or ACA, ACCA or CIMA qualified with at least two years’ post qualified experience (preferably in a banking environment)
• Sound knowledge of UK and international accounting and regulatory requirements.
• Good interpersonal, communication skills and ability to work as part of a team.
• Motivated, self-starter, with attention to detail and possessing a methodical approach to work.
• Computer, numeracy, and Microsoft office skills and with a strong command of written and spoken English.

Knowledge, Skills And Experience (Continued)
• Degree educated or ACA, ACCA or CIMA qualified with at least two years’ post qualified experience (preferably in a banking environment)
• Sound knowledge of UK and international accounting and regulatory requirements.
• Good interpersonal, communication skills and ability to work as part of a team.
• Motivated, self-starter, with attention to detail and possessing a methodical approach to work.
• Computer, numeracy, and Microsoft office skills and with a strong command of written and spoken English