Chief Financial Officer (CFO)

Job Description

Title: Chief Financial Officer (CFO)

Company Name: Al-Arafah Islami Bank PLC

Vacancy: 1

Age: At least 45 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 15 years

• Masters

• Master’s degree in Finance, Accounting, Economics, or Business
• Chartered Accountant (CA) certification is a must requirement. CFA, CMA, CPA, ACCA or MBA in Finance or Accounting will be an added advantage.

• At least 15 years

• Age At least 45 years

Qualifications & Experience:

• 15 years of progressive financial leadership experience, including minimum 5 years in a regulated environment at CFO or equivalent level.
• Age: Minimum 45 years Proven expertise in financial strategy, enterprise risk, digital transformation, centralization and multijurisdictional compliance.
• Experience in large, complex organizations with exposure to financial inclusion, digital banking, or international operations preferred

Core Competencies

• Visionary financial leadership with boardroom presence
• Regulatory navigation (local/global: BB, Basel, SEC, FCA, etc.)
• Advanced digital finance and systems implementation (ERP/BI/AI)
• Multi-capital thinking and knowledge in Corporate Governance and Corporate Affairs of Islamic Shariah-based Banking, International Financial Reporting Standards, International Accounting Standards, The Companies Act, The Banking Companies Act, Income Tax Ordinance, VAT Act, Laws, regulations & guidelines of Bangladesh Bank and Bangladesh Securities & exchange Commission and other related laws in accordance with applicable laws / regulations in Bangladesh.
• Ethical governance, transparency, and risk acumen
• Strategic execution with commercial rigor
• Talent mentorship and cross-cultural team leadership

Job Grade: SEVP - DMD

Key Responsibilities:

Strategic Financial Leadership & Enterprise Value Creation

• Align financial strategy with the organization`s long-term vision, guiding corporate performance, investment prioritization, shariah compliance and shareholder value.

• Act as a trusted advisor to the CEO and Board, influencing enterprise direction and growth through financial foresight collaborating with Department/Division Heads.

Digital Finance Transformation & Process Automation

• Lead the deployment of advanced technologies (ERP, RPA, AI/ML, API integration, cloud finance) across the finance value chain and accelerating the centralization process.

• Modernize and digitize order-to-cash, procure-to-pay, and record-to-report cycles to improve cost, speed, and compliance.

• Embed digital spend management and procurement intelligence across departments.

Integrated Performance Management & Predictive FP&A

• Drive continuous forecasting, driver-based planning, and scenario analysis using advanced analytics.

• Lead margin variance analysis, cost-volume-profit modeling, and product/channel profitability tracking for decision-making excellence.

• Own end-to-end capital expenditure, operating budgets, and P&L accountability across business units.

Enterprise Risk Management, Governance & Controls

• Oversee financial, cyber, operational, and reputational risk management.

• Ensure robust internal controls, Basel III readiness, and risk-adjusted capital planning.

• Lead internal and external audits with full audit preparedness across functions.

Data Intelligence & Decision Support

• Build a data governance framework ensuring accuracy, timeliness, and security across financial and non-financial data.

• Update the bank’s accounting systems as per International Accounting Standard (IAS), Bangladesh Bank Guidelines and Bank Company Act. Reviewing the Institutions financial conditions to position and recommend viable alternatives for cost effective operations of the Bank.

• Deploy dashboards and BI tools for real-time insights, enabling executives to make data-led, forward-looking decisions.

Capital Structure, Liquidity & Treasury Optimization

• Manage capital adequacy, liquidity buffers, and cost of funds in line with local and global regulatory requirements.

• Lead regulatory stress testing, contingency funding plans, and strategic ALM.

• Optimize investment decisions, debt structuring, and financing arrangements.

Compliance, Regulatory & Tax Governance

• Ensure strict compliance with \ Bangladesh Bank regulations, Basel guidelines, FCA/SEC (as applicable), and tax laws.

• Management of Corporate Tax, Withholding Tax, Payroll Tax and VAT in accordance with applicable laws prevailing in Bangladesh.

• Coordinate with the external, internal and regulatory Auditors and VAT Intelligence, VAT Circle, Tax as well as attending all hearings about LTU audit.

• Oversee ESG and non-financial disclosure compliance in line with evolving statutory and sustainability expectations.

Business Partnering & Commercial Finance Enablement

• Partner with business unit leaders to co-own P&Ls, unlock operational efficiencies, and model new revenue streams.

• Support pricing, product design, distribution strategy, and cost management initiatives with financial insights.

• Serve as the commercial conscience—balancing opportunity with risk.

Sustainability & Multi-Capital Reporting

• Champion integrated reporting, disclosing performance across financial, human, social, natural, and intellectual capital.

• Establish value driver metrics that capture social impact, and long-term sustainability performance.

Value Metrics, Incentives & Performance Culture

• Design financial and non-financial KPIs linked to executive compensation, risk-adjusted returns, and value delivery.

• Active participation in the strategic planning process, budgeting and forecasting of the Bank`s performance and to build a strong foundation by establishing financial discipline and ensuring accountability through follow-up & monitoring of performance and to recommend corrective measures for variance.

• Embed outcome-based accountability and value-for-impact models across the organization.

• Support internal performance benchmarking, margin expansion, and ROI optimization.

People, Culture & Finance Leadership

• Build and mentor a digitally fluent, diverse, and ethically grounded finance workforce.

• Lead regional finance hubs, centers of excellence, and matrix finance teams in different geographies.

• Promote cross-functional collaboration, ethical conduct, and professional integrity.

Strategic Projects, M&A, and Business Transformation

• Lead high-impact initiatives such as digital finance hubs, IPO readiness, capital market transactions, restructuring, or acquisitions.

• Prepare, present and ensure correctness of different statements required for CAMELS rating, QRR and Inter Bank Transaction Matrix report for submission to BB and different financial reports to the Management, Board of Directors and Shareholders to direct and supervise preparation of all fiscal reporting, such as cost accounting, budgets, regulatory authorities and government reports.

• Apply SOAR (Strengths, Opportunities, Aspirations, Results) and IRR/NPV-based appraisal to strategic investments and innovations.