Urwah Admin

Commercial Bank of Dubai

<div>Dubai, Dubai, AE Senior Permanent ID: 100128</div>
<br><div><div><div><div><h3 class="jobSectionHeader"><b>DESCRIPTION</b></h3>
<div><p>Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.</p><p></p><p><br>
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World&rsquo;s Best Banks 2022.</p><p></p><p><br>
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.</p><p></p><p><b><br>
Job Purpose
﻿</b></p><p>Head of Tax is a critical role with full responsibilities encompassing leading, formulating and executing the Group tax strategy and managing the Tax Operating Model involving all direct Corporate tax and indirect (VAT) tax reporting, transfer pricing, economic substance reporting (ESR), country by country reporting (CbCR), Zakat, withholding tax for the Group. The job holder is the owner of all direct and indirect tax related policies, procedures, tax accounting, record keeping, return filings and be the first point of contact for all related activities and with the relevant authorities.</p><p></p><p><b><br>
Principle Accountabilities
</b></p><p><b>Strategic Leadership</b></p><ul><li>Establishing a tax strategy for the Bank and its wholly owned subsidiaries and associate.</li><li>Lead the UAE Corporate Tax law implementation in the Group</li><li>Complete management of Direct and Indirect Tax Management across the group</li><li>Drive all tax audits towards successful completion</li><li>Lead the tax function and ensure full tax compliance across the Group</li></ul><p></p><p><b><br>
Corporate Tax and VAT Compliance</b></p><ul><li>Responsible for managing the entire direct and indirect tax reporting including VAT, transfer pricing, ESR, CbCR reporting processes within the Group (including subsidiaries), and assure effective reporting and compliance with all regulations and legislations.</li><li>Overview of the preparation and filing of tax and other returns including ESR, CbCR, Zakat returns ensuring complete, accurate and timely reporting with the necessary authorities.</li><li>Overview of all VAT matters and controls including signing of monthly VAT returns and Annual Wash Up Returns for the FTA.</li><li>Modified business practices and enhancing record keeping practices.</li><li>Ensuring CBD&rsquo;s tax reporting is in accordance with the necessary authorities&rsquo; regulations/ legislations and provide expert support as required.</li><li>Regular review of tax charge code and ensure that the tax master database is updated and amended in the systems for any irregularities.</li><li>Maintain the issue log file and ensure closure of action points.</li></ul><p></p><p><br>
<b>Ownership of Tax Policies &amp; Procedures</b></p><ul><li>Take overall ownership for ensuring that Group policies and practices are tax compliant.</li><li>Managing and improving the Group&rsquo;s-transfer pricing documentation and Country by Country Reporting</li><li>Contribute towards the development &amp; implementation of Tax principles, policies, processes, Tax accounting to ensure completion and compilation of Tax mechanism across the business.</li><li>Involve in drafting and assessing Tax policies and procedures as needed to improve controls.</li></ul><p></p><p><b><br>
Tax Governance Framework</b></p><ul><li>Prepare communication on the impact of changes in tax legislation and tax accounting for the Board and identify opportunities which will optimize tax efficiencies.</li><li>Promote tax awareness across the group and support the business concerning all tax matters, including identifying and communicating changes in tax legislation that impact the business.</li><li>Production of technical accounting documentation with regards to any rules or regulation changes.</li><li>Ensure reporting period delivery and concerns are well managed and stakeholders are kept appraised of progress with regular status updates.</li></ul><p></p><p><b><br>
Technical Tax, VAT, Transfer Pricing, ESR &amp; CbCR Advisory</b></p><ul><li>Preparing internal memos on technical tax and tax accounting issues and judgments, including advising the CEO, CFO, Audit Committee and Board of Directors on tax policies, presenting technical tax issues and advising on developments/changes to tax legislations.
</li><li>Partnering business stakeholders in charting of tax accounting for new product launches.</li><li>Provide tax advice and direction to the business units, including tax clauses in legal agreements.</li></ul><p></p><p><b><br>
Liaison with Internal and External Auditors, Tax Authorities &amp; Regulators</b></p><ul><li>Maintaining a good relationship with the various external stakeholders including tax authorities, tax advisors and statutory auditors</li><li>Planning and completion of Tax audits and liaise with external and internal auditors and tax consultancy providers.</li><li>To act as a first point of contact for all tax related activities and manage external adviser relationships.</li><li>Respond to the queries related to the tax and liaison with tax authorities and regulators.</li><li>Track all outstanding tax audits and ensure assistance is provided to all material tax audit to eliminate any future audit risk.</li></ul><p></p><p><b><br>
Governance and Transformation</b></p><ul><li>Formulate and execute the Group tax strategy and manage the tax operating model including substantiation and attestation of tax related balances and general ledger set up.</li><li>Work with business to identify Tax savings opportunities.</li><li>Prepare report on the Tax activities with particular reference to the benefits generated.</li><li>Requires practical knowledge in leading and managing the execution of tax related processes and projects.</li><li>Continuously drive improvements and efficiencies in the tax reporting and controls functions.
</li><li>Support the Finance Transformation initiatives</li></ul><p></p><p><b><br>
Leadership and People Management</b></p><ul><li>Liaise with the department, business units, technology team on an ongoing basis for tax projects and ongoing responsibilities.</li><li>Typically has advanced knowledge and skills within a specific technical or professional discipline with understanding of the impact of work on other areas of the organization.</li></ul></div></div></div></div></div><p></p>
<br><div><div><div><div><h3 class="jobSectionHeader"><b>REQUIREMENTS</b></h3>
<div><p><b>Experience and Qualifications
</b></p><ul><li>Minimum 15+ years&rsquo; experience in tax preferably trained in a big 4 firm with subsequent in-house experience.</li><li>
Experience working in international financial services organization managing direct and indirect tax compliance, policies, procedures, control, reconciliation, substantiation and attestation practices preferred</li><li>
Knowledge of finance, commercial and accounting concepts, processes and procedures.</li></ul><p></p><p><b><br>
Skills</b></p><ul><li>
Good command of English with additional language skills</li><li>
Superior report writing and presentation skills</li><li>
Strong stakeholder management and influencing skills</li><li>
Strong technical knowledge of direct and indirect tax and transfer pricing</li><li>
Experienced in leading regulatory and internal audits.</li><li>
Highly computer literate.</li><li>
Comprehensive knowledge of commercial business drivers.</li></ul></div></div></div></div></div><p></p>

Head of Tax

<div>Dubai, Dubai, AE Experienced Permanent ID: 101325</div>
<br><div><div><div><div><h3 class="jobSectionHeader"><b>DESCRIPTION</b></h3>
<div><p>Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.</p><p></p><p><br>
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World&rsquo;s Best Banks 2022.</p><p></p><p><br>
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers and delivering service that really goes the extra mile.</p><p></p><p><b><br>
Job Purpose:</b></p><p>
Professional management &amp; maintenance of FI/NBFI relations, in coordination with Senior Relationship Managers.</p><p></p><p><b><br>
Principal Accountabilities:</b></p><p>
Support the Senior Relationship Managers (SRMs) in maintaining &amp; managing an assigned portfolio with existing/new FI/NBFI clients to retain and grow their banking relationships in a profitable manner and in line with assigned business growth targets.</p><p>
Ensure that customer compliance and legal documentation is updated and in good order. Follow strict guidelines related to customer onboarding and monitoring.</p><p>
Prepare appropriate Credit Applications in conformity with the Bank&rsquo;s underwriting standards and risk targets to be reviewed by SRMs</p><p>
Ensure timely and accurate credit administration through timely completion of annual reviews and regular monitoring of financials, covenants, and other parameters within the review cycle.</p><p>
Establish good liaison with customers for their day-to-day banking requirements for monitoring and business generation purposes.</p><p>
Follow up customer transactions. Liaise with concerned back offices when and if needed.</p><p>
Establish effective &amp; professional communication (both internal and external) to ensure turnaround time within designated parameters and higher client satisfaction levels.</p><p>
Comply with internal audit requirements in line with the policy guidelines, to ensure high standards of uniformity and consistency across the Bank.</p></div></div></div></div></div><p></p>
<br><div><div><div><div><h3 class="jobSectionHeader"><b>REQUIREMENTS</b></h3>
<div><p><b>Education and Experience</b></p><p>
Graduate in Economics and Finance or Business Management</p><p>
Minimum 3 Years of banking experience in FI / NBFI</p><p>
Good knowledge of banking operations and credit management.</p><p>
Good knowledge of various banking products (treasury and capital markets, cash management, trade finance&hellip;)</p></div></div></div></div></div><p></p>

Assistant Relationship Manager, NBFI

<div>Dubai, Dubai, AE Senior Permanent</div>
<br><div><div><div><div><h3 class="jobSectionHeader"><b>DESCRIPTION</b></h3>
<div><p>JOB PURPOSE
</p><ul><li>The role of the Job Holder is to take key decisions as well as to underwrite individual applications of the Company applying for Retail Banking Product i.e Business Loan &amp; Mortgage Loan as defined in the Retail Credit Policy of the Bank.</li><li>
The job holder works as a checker, which means that he/she has delegation to approve high value transactions and also reviews deviations (out of policy cases) and restructuring cases to be proposed to the delegated authority</li></ul><p><b>
﻿JOB ACCOUNTABILITIES</b></p><ul><li>
Ensure quality underwriting of Credit Applications as per Approved credit policies and within the given Delegation of Authority With minimum error rate.</li><li>
Maintain high level of productivity with no compromise in the quality of processing.</li><li>
Analyse credit data and company financial statements to determine the degree of risk involved in extending the credit facility.</li><li>
Generate financial ratios using computer programs and extended support (Perfios) to evaluate financial status.</li><li>
Evaluate and escalate applications with judgemental and deviations on the basis of borrower's character and integrity, capability of repayment, business, economic and personal conditions, capital input and collateral available to the proper authority as defined in the Credit Policy of the Retail Banking PPGs.</li><li>
Perform Dedupe for the applications assigned.</li><li>
Initiate field visits for respective companies.</li><li>
Identifying and highlighting fraudulent activities.</li><li>
Escalate applications post underwriting to delegated authorities for decision.</li><li>
Communicate the decision to the Front end via an email Draft/Preapproval Letter.</li><li>
Analysing and escalating restructure cases</li><li>
Ensure completion of cases within prescribed TAT and full adherence to SLA with Business Group.</li><li>
Adherence to Operational Risk Guidelines</li><li>
Full Compliance to all relevant policies and procedures governing Risk-based underwriting &amp; ensure a minimum SATSIFACTORY INTERNAL AUDIT Rating. NO Adverse audit findings with HIGH-RISK Impact.</li><li>
Resolution of all audit findings within prescribed time frame.</li></ul></div></div></div></div></div>
<br><div><div><div><div><h3 class="jobSectionHeader"><b>REQUIREMENTS</b></h3>
<div><p><b>QUALIFICATIONS
</b></p><ul><li>Minimum of 4 to 5 years of underwriting experience in credit related work</li><li>
Written and spoken English &ndash; Arabic preferred</li><li>
Good understanding of banking operations, Bank policies, procedures, guidelines, statutory requirements, market conditions.</li></ul></div></div></div></div></div><p></p>

Senior Credit Analyst (UAE National)

<div>Dubai, Dubai, AE Experienced Permanent ID: 102434</div>
<br><div><div><div><div><h3 class="jobSectionHeader"><b>DESCRIPTION</b></h3>
<div><p>Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.</p><p></p><p><br>
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World&rsquo;s Best Banks 2022.</p><p></p><p><br>
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers and delivering service that really goes the extra mile.</p><p></p><p><b><br>
Job Purpose:</b></p><p></p><p><br>
The KYC and Ongoing Due Diligence Analyst will be responsible for ensuring compliance with internal policies related to KYC and customer due diligence, as well as, managing the risks and controls associated with the WBG departments processes. The KYC and Ongoing Due Diligence Analyst will also oversee the control testing and quality assurance functions to ensure the effectiveness and efficiency of the KYC and due diligence operations.</p><p></p><p><b><br>
Principal Accountabilities:</b></p><p></p><p><br>
Implement the KYC and Ongoing Due Diligence (ODD) processes for the Wholesale Banking Group (WBG) customers, including, the identification, verification, screening, and review of documents of the customers to ensure quality submissions of the NTB and ODD files.</p><p>
Ensure compliance with the applicable internal policies related to KYC and Customer Due Diligence, as per the onboarding and ODD internal policies</p><p>
Implement the quality assurance (QA) of the KYC and ODD for the WBG departments, and Provide Quality assurance review reports on the completeness, quality, and reliability of the documents related to Account opening and ODD</p><p>
Perform QA review for NTB and ODD</p><p>
Perform Review of RCSA</p><p>
Perform RCSA Control Tests</p><p>
Provide support to the KYC and ODD stakeholders, such as the Relationship Managers (RMs), and any other stakeholders from the Coverage Teams</p><p>
Receive from the WBG RMs completed NTB and ODD submissions, review the completion of the documents and information in the forms, and perform an independent quality check and necessary due diligence to have a complete file for NTB account onboarding submission.</p><p>
Provide the feedback and discrepancies to the WBG RMs, interact with them, and recommend the necessary actions, if required, to ensure completeness of the NTB and ODD files</p><p>
Ensure the documents and information are complete as per the existing SOPs to have quality submissions of the NTB and ODD files for WBG Departments</p><p>
Recommend the NTB and ODD files submission after complete quality check of the submission file</p><p>
Perform system review post account opening and ODD, and make sure the account opening data is updated for the fields visible to Coverage in the Bank system</p><p>
Perform Document repository review, and make sure the account opening documents and ODD documents are available and complete as per the approved file.</p><p>
Ensure to liaise with the WBG RMs to rectify the gaps identified during the Bank system check or document repository review post account opening</p><p>
Provide feedback and insights to the Line Manager to recommend any changes required or alignment in the SOPs with the compliance policy or with practice within the WBG coverage units</p><p>
Ensure compliance to the NTB and ODD SOPs and guidance from the line manager and from Compliance</p><p>
Update the Unit MIs required to monitor the progress and to keep the record of the accounts reviewed</p><p>
Perform ad hoc projects assigned by the Line Manager</p></div></div></div></div></div><p></p>
<br><div><div><div><div><h3 class="jobSectionHeader"><b>REQUIREMENTS</b></h3>
<div><p><b>Education and Experience:</b></p><p></p><p><br>
Bachelor&rsquo;s Degree in Economics / Finance / Accountancy / Business Management</p><p>
At least 3-5 years of experience in KYC and due diligence, preferably in the wholesale banking sector</p><p>
Strong knowledge of the KYC and due diligence requirements and industry standards</p></div></div></div></div></div><p></p>

Assistant Manager, Business Risk & Governance ( UAE National )

Join Commercial Bank of Dubai and explore 4   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

Commercial Bank of Dubai

About Company

Head of Tax

Assistant Relationship Manager, NBFI

Senior Credit Analyst (UAE National)

Assistant Manager, Business Risk & Governance ( UAE National )