Job Description
Title: Deputy Chief Financial Officer (SVP-EVP)
Company Name: Al-Arafah Islami Bank PLC
Vacancy: 1
Location: Dhaka
Minimum Salary: Negotiable
Experience:
∎ At least 12 years
∎ The applicants should have experience in the following business area(s):Banks
Published: 18 Feb 2025
Education:
∎ Chartered Accountant (CA) certification is a must requirement. CFA, CMA, CPA, ACCA or MBA in Finance or Accounting will be an added advantage.
∎ Minimum 12 (Twelve) years of working experience in Bank and or Fl, with minimum 8 (eight) years' experience in different senior level operational positions in Financial Administration.
∎ Strong network within the financial sector and with regulatory bodies.
∎ Chartered Accountant (CA) certification is a must requirement. CFA, CMA, CPA, ACCA or MBA in Finance or Accounting will be an added advantage.
∎ Minimum 12 (Twelve) years of working experience in Bank and or Fl, with minimum 8 (eight) years' experience in different senior level operational positions in Financial Administration.
∎ Strong network within the financial sector and with regulatory bodies.
Requirements:
Additional Requirements:
∎ Should have 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.
∎ Unquestioned commitment to integrity and ethical decision-making.
∎ Must have good expertise on Microsoft Office as well as experience of handling core banking system and related business intelligence.
∎ Should have 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.
∎ Unquestioned commitment to integrity and ethical decision-making.
∎ Must have good expertise on Microsoft Office as well as experience of handling core banking system and related business intelligence.
Responsibilities & Context:
∎ Develop financial strategies with the CFO that aligns with the bank's goal and ensure growth while collaborating with other Department heads to intergrade them into broader business.
∎ Reviewing the institution's financial conditions, financial position and recommend viable alternatives for cost effective operation.
∎ Ensure the accuracy and timeliness of financial reporting, including monthly, quarterly, and annual reports and be accountable for its correctness.
∎ 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.
∎ Establish a powerful and effective financial system in the Bank and help to prepare all accounts & financial statements of the bank timely and review periodically.
∎ Management of Corporate Tax, Withholding Tax, Payroll Tax and VAT in accordance with applicable laws prevailing in Bangladesh.
∎ 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.
∎ Liaise with external auditors, regulatory bodies and other senior stakeholders to ensure compliance with financial regulations.
∎ Coordinate with the external, internal and regulatory Auditors and VAT Intelligence, VAT Circle, Tax as well as attending all hearings about LTU audit.
∎ Identify, assess, & mitigate financial risks by developing and implementing financial risk management strategies and policies.
∎ Optimize and monitor bank's capital structure to enhance financial performance, stability and ensure adequate liquidity.
∎ Key Responsibilities:
∎ Develop financial strategies with the CFO that aligns with the bank's goal and ensure growth while collaborating with other Department heads to intergrade them into broader business.
∎ Reviewing the institution's financial conditions, financial position and recommend viable alternatives for cost effective operation.
∎ Ensure the accuracy and timeliness of financial reporting, including monthly, quarterly, and annual reports and be accountable for its correctness.
∎ 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.
∎ Establish a powerful and effective financial system in the Bank and help to prepare all accounts & financial statements of the bank timely and review periodically.
∎ Management of Corporate Tax, Withholding Tax, Payroll Tax and VAT in accordance with applicable laws prevailing in Bangladesh.
∎ 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.
∎ Liaise with external auditors, regulatory bodies and other senior stakeholders to ensure compliance with financial regulations.
∎ Coordinate with the external, internal and regulatory Auditors and VAT Intelligence, VAT Circle, Tax as well as attending all hearings about LTU audit.
∎ Identify, assess, & mitigate financial risks by developing and implementing financial risk management strategies and policies.
∎ Optimize and monitor bank's capital structure to enhance financial performance, stability and ensure adequate liquidity.
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Company Information:
∎ Al-Arafah Islami Bank PLC
∎ Head Office, Al-Arafah Tower, (Level-17), 63, Puraana Paltan, Dhaka-1000
∎ https://www.aibl.com.bd
∎ Al-Arafah Islami Bank PLC. (AIBPLC), a prominent Shariah-based Islamic bank in Bangladesh having a commendable reputation in the banking industry through consistent growth and the delivery of a diverse range of products and services to its customers. The Bank is committed to contribute significantly to the national economy. It has made a positive contribution towards the socio-economic development of the country with 226 branches and 76 sub branches throughout the country.
Address::
∎ Head Office, Al-Arafah Tower, (Level-17), 63, Puraana Paltan, Dhaka-1000
∎ https://www.aibl.com.bd
∎ Al-Arafah Islami Bank PLC. (AIBPLC), a prominent Shariah-based Islamic bank in Bangladesh having a commendable reputation in the banking industry through consistent growth and the delivery of a diverse range of products and services to its customers. The Bank is committed to contribute significantly to the national economy. It has made a positive contribution towards the socio-economic development of the country with 226 branches and 76 sub branches throughout the country.
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 1 Mar 2025
Category: Bank/Non-Bank Fin. Institution
