10 Banking Professionals jobs in Kuwait

Head of Commercial Banking

Mackenzie Jones

Al Kuwait, Kuwait

Posted In 5/10/2013

Job Description

This bank's Commercial Banking department provides SME clients with competitive financial products and solutions across a number of markets. Commercial Banking jobs are driven by a national network of relationship managers, product specialists, and client service representatives situated in local communities throughout the country.

1. Strategic planning and implementation of commercial banking business unit growth
2. Ensuring that the business is profitable, and that the systems & infrastructure are in place to enable efficient operations
3. Strategic plans are in place to continue the solid growth of the commercial banking team within the region
4. Managing the outputs of the BU's across the region and ensuring that continuity with current clients and further growth within the business is achieved
5. Leadership of the commercial team utilizing the necessary communication medium within the organization
6. Direct control of expected outcomes from reporting managers
7. Overview and understanding of the commercial status
8. Working closely with the internal teams to deliver to the overall goals
9. Manage the Department efficiently so that performance goals and objectives are achieved
10. Identify and resolve any performance issues
11. Promote awareness and ensure adherence to all policies & procedures
12. Formulate strategies for the future of his/her own field of work
13. Indicate market, sector, and technological trends and developments for the coming years
14. Propose and/or implement innovative ideas to enhance business results
15. Liaise with key operational functions to ensure client service delivery to agreed benchmarks

Experience: Min: 8 Years

Career Level: Junior

Job Type: Full Time

Vacancies: 1 Open Position

Salary: Negotiable

Gender: Any

Degree Level: Bachelor's degree

Major: Finance

Languages: English - Native / Mother Tongue

The Person:

• Degree in Economics, Finance or Business Management from a suitably recognized institution
• Minimum of 8 years experience in Corporate Banking
• Sound understanding of all corporate products
• Excellent communication skills in English, both verbally and in writing

Candidates must:

• Be Western educated
• Have English as their native language

Mackenzie Jones Middle East has decades of HR, Marketing, Finance & Accounting, Sales, Secretarial & Business Support, Management Consulting and Engineering recruitment expertise. Along with a deep understanding of key market sectors and regions, we never forget to treat clients, companies and candidates as individuals who have unique needs.

So we always listen, constantly learn, occasionally challenge and frequently advise. It’s all part of a service renowned for its courtesy, consideration, and dedication. Based in Dubai since 2006, our office covers the GCC and Levant countries and with the right regional expertise, we are the leading specialists.

We’re growing rapidly because people appreciate our honesty, commitment, and results.

Areas of specialties we recruit for are: Human Resources, Finance & Accounting, Marketing, Sales, Secretarial & Business Support, Executive Search, Banking & Financial Services, Management Consulting, and Engineering.

Recruitment Agencies

Overview

Responsible for managing the relationship with private banking customers delivering exceptional services. Attract new business for the private banking segment in accordance with the overall retail strategy and risk policies, for private banking segment special exceptions will be given to customer's position and social status.

• Review market intelligence reports to understand private banking customer market trends and needs.
• Execute appropriate promotional and other marketing campaigns to cater for Private Banking market
• Promote financing against collaterals to increase both assets & liabilities in the balance sheet to achieve the bank's target.
• Promote high yield investment funds to customers to increase bank's profitability and achieve.
• Create and manage investment opportunities for Private Banking clients to increase their revenues.
• Keep up to date with market conditions, trends and overall economic outlook to be able to respond to private banking customers' queries.

Education: Bachelor's degree in Banking and Finance.

Experience: Relationship: Minimum 5 years of Experience.

Description

In this role, you will be responsible in managing Divisional Financial Controls, Strategic Planning, Reporting & Analytics, Risk Management and Stakeholder relations, ensuring Financial integrity and alignment with organizational goals.

Role & Responsibilities:

• Ensure and assess timely preparation and review of monthly MIS, P/L, BS, KPI and other operational activities including Cash Management, CAPEX & Working Capital Management
• Collaborate closely with finance and operations team for financial control, cash management and other relevant operational aspects on a daily basis.
• Ensure timely and accurate financial reporting that is compliant with statutory regulations and is free of financial irregularities.
• Review of Bank guarantees, payables, fixed assets, internal audit and compliance reports and ensure budget and overheads control with coordination with operations team.
• Identify, Escalate and mitigate Financial Risks.
• Contribute to all the modernization of finance processes, controls reporting team and organization.
• Develop or recommend practical solutions to address financial challenges or issues.
• Strive to improve revenue and profits of all departments by focusing on topline growth as well as scouting for various cost saving initiatives.
• Prepare monthly budgets and financial statements within timelines.
• Ensure that all Insurance claims and related liabilities are settled in a timely and effective manner.
• Oversee Accounts payables and Accounts receivables by verifying all vendor payments and manage/follow-ups to ensure collections within due date.
• Continuously review and recommend changes to policies and procedures to exercise effective financial controls.
• Ensure compliance with the same by the Operating Management.
• Collect and analyze, review financial statements for meaningful comparison (trend analysis, variance analysis, benchmarking, KPIs, etc.)
• Expert working knowledge of IFRS 17
• Hands on experience in submission of data/ information/ reports to Central Bank
• Familiar with compliances of Industry related regulatory bodies (ie., IRU & CBK)
• Closely work with the team to resolve any discrepancies.
• Review financial implications and payouts of incentive schemes and provide feedback on their feasibility and effectiveness.
• Maintain audit trails and implement audit report recommendations issued by internal and external auditors.
• Liaise with external auditors to ensure that financial results are reported on time.
• Perform routine activities in accordance with agreed deadlines, standards and discharge any other task assigned by superiors in a timely and effective manner.
• Strong interpersonal skills with the ability to foster teamwork while handling sensitive and confidential information with discretion.

People Management

• Manage and handle grievances raised by subordinates in a prompt and effective manner and escalate as required.
• Monitor performance of finance personnel on financial and non-financial parameters such as cost savings achieved, internal customer responsiveness, teamwork, and technical acumen

Skills

Who you are

You are a detail-oriented and results-driven Financial Controller with a strong background in financial reporting, budgeting, and regulatory compliance within the financial services industry.

Skills & Competencies:

• High degree of accountability and integrity
• Excellent interpersonal and communication skills
• Strong problem-solving and decision-making capabilities
• Demonstrate strong knowledge in forecasting models, data analysis along with clarity in the application of IFRS & IAS standards.
• High degree of Accountability, Integrity & Responsibility in all tasks assigned.

Education & Qualifications:

• Qualified Finance Professional holding CA / CPA / CMA / ACCA
• Minimum 15 years work experience, with at least 5-10 years in a managerial role in Finance
• Preferably from Financial Services/ Remittance / Insurance/ Banking industries