Senior Analyst - Control & Compliance

About Emirates Global Aluminium

Emirates Global Aluminium is the world’s biggest ‘premium aluminium’ producer and the largest industrial company in the United Arab Emirates outside the oil and gas industry. EGA is an integrated aluminium producer, with operations on four continents from bauxite mining to the production of cast primary aluminium and recycling. EGA employs over 7,000 of these people including more than 1,200 UAE Nationals. EGA operates aluminium smelters in Jebel Ali and Al Taweelah in the United Arab Emirates, an alumina refinery in Al Taweelah, a bauxite mine and associated export facilities in the Republic of Guinea, a speciality foundry in high strength recycled aluminium in Germany, and a recycling plant in the United States.

Title: Senior Analyst – Treasury Compliance (UAE National) Department Finance & Corporate Development / Group Treasury, Shared Services, Credit Risk & Insurance

JOB PURPOSE To provide information and reports on treasury related risks, exposures and transactions and to ensure the relevant treasury transactions are processed, recorded and accounted for in accordance with company’s policies for control and accounting in compliance with loan covenants and reporting requirements

KEY ACCOUNTABILITIES

Policies, Processes & Procedures

• Follow departmental policies, systems, processes, procedures and controls to ensure consistency, standardization and accuracy in ways of working
• Support seniors in the review and revision of methodologies, procedures and processes in line with EGA group-wide requirements and international standards

Confirmation and Settlement of Treasury Transactions

• Ensure that all treasury transactions are accurately recorded in the Treasury Management System (TMS) on time
• Ensure all treasury transactions are confirmed with the counterparties on a timely basis and errors/discrepancies are reported and followed up for timely resolution
• Ensure timely settlement/rollover of treasury transactions
• Maintain treasury related hedge documentation (including ISDAs and sponsor guarantees) as required by established policies and procedures
• Analyse hedges vs exposures to highlight over/under hedge positions
• Process transaction confirmations in line with defined control standards including bank requirements, EGA Group Board mandates, EGA Group Treasury Policy, Delegation of Authority and ISDAs

Loan Administration and Debt Servicing

• Ensure all Debt facilities (including Shareholder loans), drawdowns, repayments are accurately recorded in the Treasury Management System (TMS) in a timely manner
• Ensure accurate calculation of all debt service obligations in TMS and posting of monthly accruals
• Monthly reconciliation of Interest, fees and loan balances
• Handle loan related queries from the lenders/shareholders
• Process Cash call requests from group companies and ensures accurate recording in the Treasury Management System (TMS) in a timely manner

Covenant Compliance

• Conduct Quarterly compliance reviews, investigate and report areas of non-compliance
• Ensure that all lender related obligations are met within the expected timeframe
• Ensure the submission of all lender related reporting obligations as required by the financial covenant
• Conduct prospective testing and ensure that management is informed of any possible future non-compliance
• Support the various departments to understand and apply EGA group’s compliance obligations and also to Investigate, report and follow up on resolution of non-compliance items
• Set-up controls to monitor compliance of the existing Treasury Rules & Policies eg Deal Confirmation, Counterparty Limits, Dealer Limits and Financial Covenants

Treasury Accounting

• Ensure TMS account correctly for treasury transactions in line with policy Carry out month-end treasury accounting activities (including hedge accounting, MTM valuations) and support GL tea