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Written by MBA Jobs
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Friday, 05 February 2010 |
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Job Code: 12640
Location: VP Accounting (Nostro Recs. lead)
MNC Banking KPO
Location:NCR
Relevant background in Finance(CA/ICWA/MBA- Fin)
KPO/BPO background will be good--although not a prerequisite!
12 plus years of working experience.
Responsibilities include:
-Oversight, control, monitoring and ensure service delivery of the off-shored Nostro reconciliations
-Identify opportunities and drive vertical growth ,focus on new markets in HBEU and HNAH
-Business Re-engineering
-Continue to build a Centre of Excellence
-Drive Process Standardisation
-Work alongside onshore balance sheet management to improve cash management at regional level
-Drive Process Improvements and Process Efficiency
-Lead the integration of other nostro reconciliation process throughout GR
-Leadership
-Team leader for a 110 strong team.
-Business Partners Relationship
-Senior stakeholders in GFC and Finance functions across all regions
- Pro-actively improve quality of all reconciliations
Principal Accountabilities Key activities and decision making areas
•Customer Relationship Management with senior managers and at a process level
•Agree on roadmap and plans for reengineering and standardisation
•Monitoring Performance
•Internal Business System and Processes
•Lead end-to-end process reviews to identify opportunities (multi-functional, multi regional involvement), identify process improvement & balance sheet reconciliation opportunities
•Process Standardisation – Spot opportunities
•Standardise the approach of process-mapping in line with new Finance Gold
•Migration methodology•
•Learning & Growth • Leadership – Lead by Example
•Employee Development – Soft skills, Leadership development, technical trainings, product trainings, etc
•Employee Satisfaction / Retention – Career Paths, Secondment opportunities etc.
•Financial • Explore Opportunities for new migrations
•Business and Departmental initiatives
•Continuous Improvements
•Controls
•Manage the controllable cost base.
•Operational Effectiveness & Control
•Identify migration opportunities and deliver on the migration program
•Create baseline metrics and deployment charts to understand process performance, opportunities to improve, knowledge gaps and other root causes
•Meet PLAs for existing activities and new migrations
• Document processes to satisfactory standard
• Eliminate need for any write offs on offshore owned nostro reconciliations
•Provide valuable insight on the profile/risk of any unreconciled items
Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities)
•Relationship Management
•People Management & Employee Development-will need to develop quality of the management team running processes
•Attrition and Business contingencies
•Control issues with legacy processes which need remediation
•Build team-work between Hyderabad and Delhi teams
•Business Re-engineering
Role Context (The environment and operating conditions of the role including the extent of guidance and authority)
• Very strong control focus required
•Analysis and interpretation of numbers, trends and forecasts
•Ownership of complex to high risk finance processes
•The role will require initiative, solicitation at all levels of the Group and the ability to communicate and drive changes cross-functionally and cross-entity.
•Strong networking and relationship with onshore teams to give them confidence about capability being built in COE
•Team expected to grow significantly during 2010 and must prepare organizationally and operationally.
Management of Risk (Operational Risk / FIM requirements)
•Continual assessment of processes to be migrated and the associated risks including ;
•Suitability,
•Sustainability,
•Compliance with HR and Legal, FIM, Internal Audit
•Operational – IT , Security and resource
Maintain awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in line with requirements of the Group Operations FIM.
Please mark subject line as "VP Accounting (Nostro Recs. lead)" and mail to
arvindban@gmail.com
Best regards
arvind banta
LEADSearch
Mob (+91) 9811469648
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