This is one of the ten leading banks in Kuwait and ensures exponential professional growth. Kuwait offers a vibrant culture, tax-free income, safety, modern amenities, warm climate, diverse cuisine, and a strong expat community. Core Responsibilities: General Ledger: - Maintain the integrity of the organization's General Ledger; ensure that new products and account types are accurately accounted for. Core Banking Support: - Review and approve suspense accounts, accounting journals, and third-party contracts; provide support on functional aspects related to core banking issues. Financial Accounting: - Ensure that accounting policies and practices comply with IFRS and Central Bank regulations. Reconciliations: - Monitor reconciliations of Nostro accounts, subsidiary ledgers, internal accounts, and suspense accounts, ensuring that outstanding items are appropriately addressed. Non-Customer Accounts: - Ensure compliance with internal policies regarding the creation, maintenance, and monitoring of non-customer accounts. Accounts Payable: - Review and endorse all payments to third parties to ensure accuracy, proper accounting, and authorization; maintain checks and controls on all vendor payment-related processes. Control Framework: - Implement and monitor the control framework within the Finance department, reporting monthly to the Chief Financial Officer. Valuations & Provisions: - Review and approve valuations for investments and derivatives, as well as provisions for investments. Operational Risk Management & Business Continuity: - Coordinate and manage the Operational Risk Officer and the Business Continuity Plan for the Finance function. Generic Responsibilities: Corporate Governance and Compliance: - Adhere fully to risk policies, procedures, and compliance regulations, ensuring that all activities within the division comply with corporate governance and regulatory/legal frameworks. Policies & Processes: - Develop and implement relevant policies and procedures, conducting regular reviews to ensure they remain relevant and effective. Risk Management: - Collaborate with Risk Management to ensure the function operates within established frameworks, proactively monitoring and reporting on risk exposure to enhance control effectiveness. Compliance: - Adhere fully to compliance regulations and standards. People Management: - Manage, motivate, and develop employees and the team in accordance with established people policies and practices.

Kuwait

Middle East

Overseas/International

Head - Group Financial Accounting & Control - Bank 

Job Description for Head - Group Financial Accounting & Control - Bank  in NEXUS HR CONSULTANTS PVT. LTD. in  Kuwait Middle East Overseas/International for (11-20) years of experience. Apply Now!