Ilgar Novruzov
About Ilgar Novruzov
Ilgar Novruzov serves as the CFO and Board Member at VTB, with extensive experience in government relations and financial oversight. He also holds the position of Associate Professor at Khazar University and has a background in financial control and analysis from previous roles in various banks.
Work at VTB
Ilgar Novruzov has been serving as the Chief Financial Officer (CFO) and Board Member at VTB since 2012. His role encompasses overseeing financial operations, including both International Financial Reporting Standards (IFRS) and statutory standards reporting. He also coordinates the IT strategy, security, infrastructure, project office, and innovations within the organization. Additionally, he serves as the Head of the Asset and Liability Committee (ALCO) and is an active member of several committees, including Credit, Risk Management, IT, and Tender Committees.
Education and Expertise
Ilgar Novruzov holds a Master of Business Administration (MBA) from Durham University, which he completed between 2012 and 2014. His academic background supports his extensive experience in finance and government relations, which is integral to his current role as CFO. His expertise includes financial control, analysis, and compliance with both IFRS and statutory reporting standards.
Background
Before joining VTB, Ilgar Novruzov worked at Demirbank as the Head of Reporting and IFRS Division from 2009 to 2010 in Baku, Azerbaijan. He also served as a Systems Analyst at Agbank OJSC from 2007 to 2009. His experience in financial reporting and analysis has been foundational in his career progression, leading to his current leadership role at VTB.
Academic Role at Khazar University
In addition to his corporate responsibilities, Ilgar Novruzov has been an Associate Professor at Khazar University since 2010. He has contributed to the academic community in Azerbaijan for over 14 years, sharing his knowledge and expertise in finance and business management with students.