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- Develops and enforces KSA branch financial policies in line with SAMA regulations, local laws, and Head Office directives.
- Supports strategic goals, prepares annual budgets and forecasts, ensuring alignment with SAMA budgeting guidelines and regulatory expectations.
- Sets objectives, supervises staff, and evaluates performance to ensure accurate, efficient work per regulatory standards.
- Prepares financial statements, closing accounts, and quarterly audits per IFRS and SAMA reporting requirements (e.g., QPR, Monthly Prudential Returns).
- Verifies accuracy of financial statements and ensures timely SAMA submission. Addresses issues raised in SAMA or internal audit reports.
-Monitors irregular accounts and exception reports. Verifies approvals per delegation matrix; reports breaches to SAMA as required.
- Provides required reports to SAMA (e.g., capital adequacy, liquidity ratios), and Head Office per the SAMA reporting calendar.
- Coordinates with auditors and tax authorities. Ensures tax returns and Zakat filings meet GAZT and SAMA requirements.
- Tracks key financial ratios (liquidity, deposit concentration, etc.) to meet SAMA thresholds and risk management standards.
- Monitors budget adherence and internal controls. Ensures spending aligns with SAMA’s governance and control frameworks.
- Supervises asset control, insurance, and valuation processes in line with SAMA’s asset safeguarding expectations.
- Ensures day-to-day financial operations conform to SAMA rules, including AML, FATCA, and SOCPA/IFRS standards.
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