Vacant Position: Manager/Senior Manager – Financial Planning and Analytics

Reporting to:
Chief Financial Officer

Department: Finance Complex

1. Lead and supervise the financial planning and asset liability management activities to ensure the financial strength of APICORP and to maintain its high credit rating.
2. Lead the credit rating exercise as well as manage the relationships with credit rating agencies.
3. Ensure that periodic reports are accurate and of high quality.

DUTIES & RESPONSIBILITIES

1.Operational & Strategic Planning

• • Lead the development and implementation of actionable objectives, planning processes, budgets and operational KPIs for the unit.
  • Oversee the unit’s on-going operations and quality of its output and services, identify and initiate proposals/actions for further improvements and innovations.
  • Oversee the Information Technology enhancements as they relate to financial planning and analytics.
  • Ensure that the services of the unit meet the expectations of internal and external stakeholders.
  • Lead innovation and the institutionalization of new initiatives in the unit.

2. Financial Projections

• • Prepare all medium and long-term financial projections and scenario modelling to assess APICORP’s business strategy, taking into consideration long-term financial sustainability, profitability objectives, budgeting requirements and capital market expectations.
  • Oversee the reports to ensure key prudential ratios are within the approved limits established in the financial policies, risk frameworks and requirements of external credit rating agencies.
  • Formulate the financial strategy for the Corporation whilst maintaining a sustainable growth rate in operations consistent with established prudential risk parameters and profitability objectives.
  • Propose the required share capital requirements and growth strategy and control of income allocations to ensure sufficient and sustainable risk capital growth in line with the Corporation’s targeted capital adequacy ratio.
  • Oversee financial analytical research to identify the key income drivers, cost allocations to formulate optimal business model of the Corporation.
  • Ensure periodic preparation of the Financial Sustainability Report highlighting matters of strategic significance to the Corporation for the consideration of management.

3. Asset and Liability Management (ALM)

• • Oversee identification and measurement of key ALM risks, namely, interest-rate, currency and liquidity risks inherent in the financing, investing, funding and hedging operations of the Corporation.
  • Lead the development and implementation of methodologies and models to assess and measure APICORP’s ALM risks associated with financing, investment, funding and derivatives operations.
  • Undertake detailed review and assessment of the market and liquidity risk profiles including quality of the liquid fund’s portfolio, duration mismatch between assets and liabilities, currency mismatch, gap analysis, stress testing, sensitivity, etc.
  • Define and develop methodologies, models and systems to optimize ‘risk-return’ within approved tolerance levels for financing and investment operations (including treasury).
  • Oversee analytic reports on periodic basis on liquidity management and on performance assessment and attribution analysis for the assets under management.
  • Undertake stress tests and scenario analyses on investment, funding and derivatives portfolios to ascertain the level of market risk in the Corporation’s activities.
  • Serve as the Secretary of the Asset Liability Management Committee (ALCO).

4. Credit Rating

• • Act as focal point within APICORP for all relations with the external credit rating agencies.
  • Lead the annual credit rating exercise and perform the core qualitative and quantitative analysis stipulated in the rating methodologies.
  • Carry out oversight role in coordination with Risk to identify emerging and evolving threats to the external credit rating.

 5. Policies and Procedures

• • Lead formulation of policies and procedures for APICORP on ALM, cash flow management and liquidity management.
  • Review existing policies and procedures and recommend changes to benchmark them with international practices and standards.
  • Ensure strict compliance of policies and procedures with financial planning and analytics activities.
  • Periodically review the internal control mechanisms and corporate governance guidelines and recommend improvements.

6. Reporting and Communications

• • Oversee generation of reports that relate to financial planning and analytics.
  • Maintain effective working relationship within APICORP and with external banks/partners.
  • Provide information to internal and external auditors of the Corporation.

QUALIFICATIONS & SKILLS

• Adaptability

• Advanced

• Building relationships

• Advanced

• Motivation to learn and share

• Advanced

• Passion for excellence

• Advanced

• Leadership and people management

• Advanced

• Innovation and future orientation

• Advanced

• Change and transition management

• Advanced

• Solution and result management

• Advanced

• Communication and partnership

• Advanced

• Analytical thinking

• Advanced

• Communication effectiveness

• Advanced

• Drive for results

• Advanced

• Knowledge, learning and communications

• Advanced

• Problem solving

• Advanced

• Stakeholder management/client orientation

• Advanced

• Strategic planning

• Advanced

• Teamwork

• Advanced

• Accounting

• Advanced

• Institutional Knowledge

• Advanced

• Financial Analysis

• Advanced

• Modelling

• Advanced

• Policies and Procedures

• Advanced

• Risk Management

• Advanced

• Financial Reporting

• Advanced

• System Management

• Advanced

• Bachelor’s degree in Accounting/ Finance/ Economics/ Business Administration or related discipline

• Master’s degree Accounting/ Finance/ Economics/ Business Administration or related discipline

• Fluent in oral and written English language

• Fluent/Proficient in oral and written Arabic would be added advantage

• 10+ years in financial planning, risk management, and/or financial analysis in the banking sector.

• 3+ years of managerial/ supervisory experience.
• Experience with credit rating.
• Experience with IT systems.