Overview
Head Of Finance – KSA SA Jobs in Riyadh, Saudi Arabia at Bank of Jordan
Head Of Finance – KSA Bank of Jordan Riyadh, Saudi Arabia Apply now Posted 24 days ago Permanent Competitive
Head Of Finance – KSA
– Develops and enforces KSA branch financial policies in line with SAMA regulations, local laws, and Head Office directives.
– Supports strategic goals, prepares annual budgets and forecasts, ensuring alignment with SAMA budgeting guidelines and regulatory expectations.
– Sets objectives, supervises staff, and evaluates performance to ensure accurate, efficient work per regulatory standards.
– Prepares financial statements, closing accounts, and quarterly audits per IFRS and SAMA reporting requirements (e.g., QPR, Monthly Prudential Returns).
– Verifies accuracy of financial statements and ensures timely SAMA submission. Addresses issues raised in SAMA or internal audit reports.
-Monitors irregular accounts and exception reports. Verifies approvals per delegation matrix; reports breaches to SAMA as required.
– Provides required reports to SAMA (e.g., capital adequacy, liquidity ratios), and Head Office per the SAMA reporting calendar.
– Coordinates with auditors and tax authorities. Ensures tax returns and Zakat filings meet GAZT and SAMA requirements.
– Tracks key financial ratios (liquidity, deposit concentration, etc.) to meet SAMA thresholds and risk management standards.
– Monitors budget adherence and internal controls. Ensures spending aligns with SAMA’s governance and control frameworks.
– Supervises asset control, insurance, and valuation processes in line with SAMA’s asset safeguarding expectations.
– Ensures day-to-day financial operations conform to SAMA rules, including AML, FATCA, and SOCPA/IFRS standards.
Requirements
– University degree in the field of administrative and banking sciences or any related discipline.
– Preferably hold a professional certificate specialized in finance and accounting etc.
– Work experience of at least (8) years in accounting / finance and (4) years in a managerial position.
– Knowledge of written and spoken English.
-Good knowledge of the policies and procedures governing work and their updates (internal and external).
-Full knowledge of international customs, regulations, instructions and local laws related to financial and accounting matters and follow-up on their amendments, for example, IFRS.
-Competent use of computers and various application systems.
-Knowledge of SAMA instructions, laws and regulations.
-Full knowledge of financial analysis methods and approaches for preparing estimated budgets
-The job needs a high problem-solving ability and analytical, supervisory and managerial skills.
-Ability to plan and organize.
-Ability to communicate (verbally) and deal well with others.
-Ability to work under pressure.
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Title: Head Of Finance – KSA SA
Company: Bank of Jordan
Location: Riyadh, Saudi Arabia
Category: Finance & Banking (Financial Manager, Financial Compliance, CFO), Management (Financial Manager, CFO)
