CFO

Leadership of the WB Finance function in Saudi Arabia, with overall responsibility for the financial accounting and reporting processes, with certain prescribed responsibilities and the related control environment, and responsibility for the support and advice of senior local management and business lines in all financial planning and reporting requirements.

• Ensures the integrity of the Branch’s accounting and financial reporting processes and systems, and the production of accurate financial reporting to meet internal and external requirements, this includes the local and global regulators.

• Executes and monitors controls and assurance procedures within the financial reporting process, including review and challenge of inputs from other functions, and management of service providers where core responsibilities are (internally) outsourced.

• Provides financial support and advice to WB business functions and supports business planning and monitoring of performance.

• Responsible for ensuring that KSA Finance activities are in alignment with the WB Finance strategic model.

• Process Management and Policies - maintain a clear governance structure to ensure that Finance complies with the Product Control Framework Financial & Regulatory Reporting (PCF FRR), and all other relevant Finance minimum standards, policies and guidelines that apply to its activities. This includes the development of local polices where required and maintaining updated and clear documentation across the department for all core activities performed.

• Payments & Invoicing – oversight of payments, invoicing and expenses to ensure processes are properly controlled

• Cost Control – Ensure that the activities of the branch are appropriately budgeted through the annual Dynamic Plan process, and that the activities of the branch, and that direct expenses remain within this target, and there is appropriate oversight of recharges into the branch.

• Taxation – With the support of the Group Tax function, and local advisors as appropriate, ensure that there is adequate oversight and compliance with all local tax obligations by the branch. This would include compliance with transfer pricing requirements.