Head of Process and Compliance Full Time

Head of Process and Compliance Jobs in Dubai, UAE

What you will do

Developing and monitoring the implementation of Group wide financial policies

• Review of existing financial policies in the areas of Fixed Assets, Inventory, Debtors, Provisioning, Revenue Recognition etc.
• Development and revamp of Financial policies and monitoring their implementation and adherence to.
• Work with the Human Resources Department and others as appropriate to develop an effective compliance training program

Reviewing Financial Delegation of Authorities and help drive their rationalization

• Review and drive updates to Financial DOA
• Review and drive the setting up of Financial limits

Evaluating risks and controls and driving initiatives to improve them

• Review of existing processes and procedures in the areas of Fixed Assets, Inventory, Debtors, Provisioning, Revenue Recognition etc.
• Evaluate risks, both financial and operational and drive specific initiatives to improve the Financial controls environment.
• Leverage process improvement strategies to perform analysis of Quality Systems, Records and Information processes and policies.
• Drive the process of documentation of the various Financial processes via Blue-works

Supporting the review and sign-off of all financial operations documentation

• Review all documentation in relation to financial operations- Financial Reconciliation, Order to Cash, Procure to Pay, Record to Report, Payroll, Credit Risk Management – for compliance with Group policies, best practice governance etc. before being signed off by authorised signatories.
• Support the organization in driving a culture and behaviour that exceeds Standards of Conducts and Code of Ethics.

Providing Group Finance inputs into Internal and External audit processes

• Support the processes in relation to Group Internal Audit of Group Financials
• Function as independent objective body that reviews and evaluates compliance issues/concerns within the Divisions

Managing Complexity

• Anticipates potential organizational barriers and how to turn them into support understanding the culture, norms and rules of Al-Futtaim
• Is aware of what is going on in the organization and understands what is happening outside one’s own immediate sphere
• Builds a workforce capable of operating in a diverse environment that meets local needs
• Uses an in-depth understanding of diverse stakeholders from across the network in order to inform business strategy and achieve result

Influencing Others

• Anticipates and prepares for others’ likely reactions when deciding how to persuade, and incorporates their views and feedback to increase buy-in
• Understands cultural differences and adapts their influencing style and approach to best effect
• Identifies and lobbies opinion makers by taking time to soundboard ideas with them
• Confidently, articulately and persuasively presents information and arguments in a range of forums

Working Across Boundaries

• Builds relationships by genuinely valuing diversity of opinions, expertise and background
• Works to find ‘win-win’ solutions that can benefit all parties
• Actively challenges silo working avoiding duplication of effort
• Role model’s collaboration by establishing by establishing mutually beneficial relationships across businesses that maximize commercial opportunities
• Proactively works to minimize the adverse impact of one’s decisions on the other departments

Required skills to be successful

• Sound knowledge of various Financial Processes
• Financial Compliance
• Effective Communication
• Strong people and time management skills
• Financial Controls
• Regulatory & Compliance Knowledge,
• Accounting Concepts & Standards
• Audit
• Financial Reporting

What equips you for the role

• Chartered Accountant/CIMA/CMA with good working knowledge on International Accounting Standards, Process Re-Engineering concepts and Accounting Policy
• Overall 10 years + in Finance with at least 5 years in similar/compliance/Corporate Finance role .