Finance Officer - DIFC Bank of Baroda

Responsible for preparation, review, and submission of financial statements, MIS, and regulatory returns in compliance with DFSA and RBI guidelines.

Ensure adherence to DFSA financial reporting, prudential returns, and disclosure requirements, including coordination with auditors and regulators.

Sound understanding of banking finance operations, including income recognition, expense control, provisioning, capital adequacy, and balance sheet management.

Strong background in IFRS, with hands-on knowledge of IFRS 9 (ECL computation, staging, provisioning) and its impact on financial statements.

Hands-on experience with core banking systems such as Finacle, including GL mapping, product accounting, reconciliation, and integration with financial and regulatory reporting.

Experience in treasury accounting, including front-office coordination, valuation, P&L recognition, and understanding of associated financial risks.

Familiarity with SWIFT transactions and settlement accounting, with an understanding of related controls and reconciliation processes.

Strong understanding of branch-level banking operations, enabling effective financial control and end-to-end reconciliation across functions.

Responsible for coordination with internal audit, external auditors, regulators, and head office teams on finance-related matters.

Strong exposure to multi-jurisdictional regulatory frameworks (DFSA / RBI / CBUAE) with the ability to align and reconcile reporting requirements across jurisdictions.

Ability to support budgeting, forecasting, variance analysis, and cost control initiatives for the DIFC branch.

Act as the primary point of contact for finance-related matters with DFSA, auditors, Head Office, and internal stakeholders, ensuring timely and accurate responses.

Ensure timely closure of monthly, quarterly, and annual financial accounts, including reconciliations, accruals, and provisioning entries.

Monitor and strengthen internal financial controls, including maker–checker processes, GL scrutiny, suspense account clearance, and exception management.

Support ALCO and senior management with financial analysis on profitability, cost efficiency, liquidity trends, and balance sheet movements.

Oversee regulatory and management reporting calendars, ensuring submissions are accurate, consistent, and compliant with regulatory timelines.

Coordinate internal and external audits, including preparation of audit schedules, responses to audit observations, and closure of audit findings.

Assist in budget preparation, forecasting, and variance analysis, providing actionable insights to management.

Ensure proper documentation and record retention in line with DFSA requirements and the Bank’s internal policies.

Monitor outsourced and shared service arrangements from a financial reporting and control perspective.

Provide guidance and support to branch teams on accounting treatment, financial policies, and system-related issues.

Participate in system enhancements, automation initiatives, and UAT, especially relating to finance and regulatory reporting.

Ensure compliance with tax-related requirements (where applicable), including corporate tax, VAT coordination, and related disclosures.

Perform any other duties or assignments as may be entrusted by senior management or the Bank from time to time.

Candidate should be willing to act as back-up for Trade and Treasury functions when required.