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We are Mashreq - Inspiring you to Rise Every Day
Vice President – Financial Control
Location
Pakistan
Posted
5 days ago
Salary
0
Seniority
Lead
Job Description
Vice President – Financial Control
Mashreq
• Oversee and strengthen the bank’s financial control framework across products, processes, systems, and geographies. • Perform second-line oversight and monitoring of sundry and suspense account governance, including review of ageing balances, threshold breaches, unresolved items, and related risk exposures. • Ensure timely identification, escalation, tracking, and resolution of aged or high-risk balances in coordination with Operations, Finance, Technology, and business teams. • Review and assess financial control risks arising from operational processes, accounting treatments, reconciliations, and system workflows. • Act as the central point of contact for financial control matters across major projects, products, process changes, and transformation initiatives. • Review all new product and process approval requests to ensure accounting, reconciliation, financial reporting, and control requirements are appropriately identified, documented, implemented, and tested prior to launch. • Ensure accounting treatment for new and existing products remains consistent with applicable accounting standards, regulatory expectations, and internal policies. • Review impact of system upgrades, process changes, automation initiatives, and technology enhancements on financial controls, accounting flows, reconciliations, and reporting integrity prior to deployment. • Ensure key reconciliations, substantiation processes, and financial control activities are operating effectively and supported by appropriate governance and documentation. • Coordinate with Finance, Operations, Technology, Risk, Compliance, Internal Audit, and external auditors on financial control matters, observations, and remediation activities. • Support internal audits, regulatory examinations, and external audit reviews by providing analysis, documentation, and timely closure of action items. • Drive continuous improvement in financial controls through automation, digitization, data governance enhancements, and AI-enabled monitoring capabilities. • Support implementation of control dashboards, automated reconciliations, exception management tools, and intelligent monitoring solutions. • Assess control gaps, operational risks, and process weaknesses, and recommend practical remediation and governance enhancements. • Provide management reporting, risk insights, and control status updates to senior management and governance forums. • Promote strong financial control culture, governance discipline, accountability, and operational transparency across the bank.
Job Requirements
- Chartered Accountant with 15-18 years of relevant banking experience within Financial Control, Finance, Regulatory Reporting, Product Control, or related functions.
- Experience in large banking environments with complex products, systems, and multi-jurisdiction operations.
- Strong exposure to new product approval processes, reconciliation governance, accounting control frameworks, and audit/regulatory interactions.
- Experience in financial control transformation, automation, digitization, or large-scale process enhancement initiatives is preferred.
- Sound knowledge of IFRS, banking products, financial reporting processes, and regulatory expectations applicable to financial control environments.
- Understanding of system workflows, accounting interfaces, product lifecycle processes, and control governance principles.
- Awareness of automation, digitization, data governance, and AI-enabled control monitoring practices.
- Strong analytical, problem-solving, and risk assessment capabilities.
- Excellent stakeholder management and communication skills.
- Strong control-oriented mindset with attention to detail and governance discipline.
- Ability to assess complex operational and accounting processes and identify control implications.
Benefits
- Investigate and resolve complex financial control issues, reconciliation breaks, accounting inconsistencies, operational risk events, and control deficiencies.
- Analyze root causes of control failures, aged balances, and reporting issues, and implement sustainable corrective actions.
- Assess impact of new products, transactions, system enhancements, and operational changes on accounting, reconciliation, and financial control processes.
- Evaluate process inefficiencies and identify opportunities for automation, standardization, and control optimization.
- Exercise sound judgment in assessing materiality, risk exposure, escalation requirements, and remediation priorities.
- Drive proactive risk identification and continuous improvement initiatives to strengthen the overall control environment.
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