Employment

The Arab Monetary Fund aims to onboard a "Executive Director, Finance" to lead the Finance Department, reporting to the Director General, Chairman of the Board.

Job Purpose
The Executive Director of Finance is responsible for shaping and leading AMF’s financial strategy, ensuring sound financial planning, budgeting, reporting, and compliance. This role drives operational efficiency, transparency, and risk management through the integration of digital tools, data analytics, and automation. In addition, the Executive Director ensures strong governance, stakeholder engagement, and optimal resource utilization to support AMF’s long-term financial sustainability and strategic goals.

Key Accountability Areas and Activities
The key activities include, but are not limited to, the following:

• Supervise and enhance the execution of financial settlement transactions, including payments, securities, and derivatives, ensuring compliance, accuracy, and operational efficiency.
• Oversee settlement performance through advanced KPI monitoring, identifying inefficiencies, and driving strategic process improvements.
• Ensure robust security and compliance in financial operations by managing Swift system access, user controls, and risk mitigation measures.
• Approve loan disbursements and specialized financial contributions, ensuring alignment with financial policies and strategic objectives.
• Strengthen financial risk management by leading nostro account reconciliations and settlement risk mitigation strategies in coordination with relevant stakeholders.
• Implement automation and AI-driven analytics to improve settlement processes, enhance fraud detection, and optimize financial transaction workflows.
• Direct financial accounts and liquidity strategies, ensuring optimal cash flow management, efficient treasury operations, and best practices for fund allocation.
• Lead the formulation of financial planning and forecasting models that align with AMF’s investment strategies, risk mitigation frameworks, and institutional priorities.
• Develop and integrate digital financial reporting solutions and AI-driven analytics to enhance real-time decision-making and improve financial transparency.
• Strengthen banking and financial institution relationships, negotiating optimal agreements to maximize returns and ensure secure transactions.
• Oversee compliance with financial policies, reporting standards, and risk governance frameworks, ensuring adherence to regulatory and institutional requirements.
• Establish a financial performance monitoring system that enhances reporting accuracy, tracks fund utilization, and drives continuous operational improvements.
• Lead the development and execution of the Finance Department’s strategic objectives, ensuring financial sustainability and alignment with AMF’s broader goals.
• Oversee financial planning, budgeting, and forecasting processes, ensuring efficient resource allocation and risk mitigation.
• Collaborate with AMF leadership and internal departments to identify financial projects and initiatives that support long-term institutional growth.
• Assess and optimize interest rate policies on funds applied to member states’ loans, ensuring effective financial management.
• Ensure the effective utilization of the department’s budget, providing periodic reports on financial performance, challenges, and improvement areas.
• Ensure the consolidation of accurate and transparent financial reports in accordance with IFRS and AMF’s financial policies, leveraging automation and analytics to enhance reporting quality and timeliness.
• Oversee compliance with regulatory standards, institutional governance requirements, and internal financial controls, including those related to specialized accounts and member-related financial operations.
• Lead the continuous review and optimization of financial systems, policies, and procedures to enhance operational efficiency, cost-effectiveness, and risk mitigation.
• Develop and implement financial risk assessment frameworks that support early identification of risks, while integrating digital tools and AI-based solutions to strengthen controls and decision-making.
• Ensure alignment between financial reporting, risk management practices, and AMF’s strategic objectives through effective monitoring, audit readiness, and cross-departmental collaboration.
• Establish strategic and collaborative relationships with relevant internal and external stakeholders in a manner that supports the achievement of AMF’s strategic objectives.
• Collaborate with internal departments to address financial challenges and optimize financial processes, fostering a culture of collaboration and innovation.
• Manage, guide and assist the team to perform their operations in accordance with set policies and procedures.
• Collaborate with the HR Division to identify and recruit talent for the team based on strategic objectives and business needs.
• Set performance objectives, provide necessary support, evaluate / appraise incumbents and provide regular feedback on performance, in a manner that supports the strengthening of the team’s knowledge and capabilities.
• Promote a high-performance working environment embracing AMF’s values to support the creation of a performance-based culture.

Qualifications and Requirements

• A minimum of 15 years of experience in finance or accounting roles, with a proven track record of progressively increasing responsibility. This may include experience in financial management, strategic planning, budgeting, and financial analysis
• Preference for public sector or international institution experience
• Master’s degree in finance, accounting, or equivalent is preferred
• Professional certifications such as CPA, CMA, ACCA, or CFA are required
• Excellent communication and writing skills in Arabic and English. French, as a third language, is a solid advantage

We offer an attractive package of benefits aligned with our employment policies, including a tax-free salary and supplementary allowances as housing, furniture and air ticket, schooling, and comprehensive medical insurance.

Only shortlisted candidates will be contacted.