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Chief Financial Officer

Location: 
Contract Type: 

(We wish to restate  that all CV's for this employment opportunity can only be routed via the Bank Of Ceylon website. Please don't apply this job through Careerfirst.lk  web site.)

 
Applications are invited for all candidates to fill the Chief Financial Officer Job Post at Bank Of Ceylon
 
CHIEF FINANCIAL OFFICER

Key Accountabilities and Responsibilities

  • Introducing and establishing high standards of professionalism to the Bank, thus contributing to its further improvement and sustainability as the financialty strongest Bank in Sri Lanka.
  • Establishing sound financial risk management policies and standards and support functional systems ensuring that the
  • Bank's financial risk profile is in accordance with its policy and international standards.
  • Development of sound policies and procedures to improve financial discipline, across the bank and group.
  • Reporting to the Board of Directors the monthly operations, performance and financial conditions including the com-
  • parisons of budgets vs. attained profitability and key balance sheet data.
  • Developing a team that will devise operational plans and budgets and ensure successful implementation.
  • Defining and implementing good practices of corporate governance and compliance with best accounting practices
  • prescribed by the regulatory authorities / governing bodies and holding overall responsibility for statutory and regula-
  • tory financial reporting of the bank.
  • Tmely statutory reporting in compliance with requirements, i.e. Security Exchange Commission (SEC).
  • Preparation of the corporate budget in consultation with Heads of functions / divisions and monitoring of same on a
  • monthly basis and recommend remedial action where necessary for implementation.
  • Introducing sound financial management information systems and maintaining integrity of financial information within
  • the Bank.
  • Assisting and advising management in improving revenues and managing costs.
  • Monitoring, controlling and advising to ensure that financial returns from diverse activities, businesses and instruments
  • of the Bank meet planned objectives.
  • Dealing with the auditors both statutory and internal audit and assisting in the annual audit of the Bank and maintain a
  • strong internal control environment.
  • Accountable for managing taxation of the bank and its subsidiaries and responsible for the preparation of the annual
  • report.
  • Financial management and evaluation of performance of BOC subsidiaries, associates and other related investments as
  • per the approved charter by the board in order to ensure return on investment.
  • Ensuring that all capital expenditure decisions are made by maintaining financial prudence and returns.

Eligibility Criteria:

Educational/ Professional Qualifications:

  • Masters in Business Administration or MSc. in finance, Accountancy, Banking or related fields, from any University
  • recognized by the University Grants Commission of Sri Lanka
  • AND
  • A full qualification in ACA, ACMA, ACCA or CFA

Experience:

  • Should have a minimum of 10 years post qualifying experience with at least 2 years as a CFO or at a similar level in a
  • reputed diversified business organization preferably in the banking and finance sector locally or •nternationally.
  • Strategic Planning, Financial and Regulatory Reporting, Tax Planning and IFRS, exposure to Treasury Management, Debt
  • Financing and exposure in technologically advanced working environment as a CFO.

Other Attributes:

Excellent communication and interpersonal skills

Strong analytical and presentation skills

 

Terms and Conditions:

  • On contract basis initially for a period of 03 years; renewable annually based on tre performance review and the
  • requirement as decided by the Bank.
  • Compensation will not be a limiting factor for the right candidate and will be discussed on a case by case basis.
  • It will comrnensurate with qualifications and experience.
  • Since this is a Senior Management position, CFO will be a member of Corporate %nasement of the Bank
  • reporting to the General Manager/ CEO.

Application Procedure:

Apply with your complete curriculum vitae and contact details of two non-related referees, send by e-mail to dgmhrd@boc.lk or by registered post with the top left-hand corner of the envelope clearly marked with the post you have applied for, to the address given below within 10 days of this advertisement.

 

Any Application not meeting the above required eligibility criteria or received after closing date will be rejected without any further notice.

 
Closing Date : 03/12/2019

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