AVP - Business Finance - Banking Sector

Job Description:

- System & Process Knowledge Requirements

- Understanding of GOCA, GRCA and MICA mapping concepts and knowledge of chart field combinations and their applicability

- Expert knowledge of local to FTP to MICA products mapping and business logics with capability to accurately implement changes in current data sets and reports

- Working knowledge of business and product allocation methodology and ability to interpret and implement monthly changes in all inter-linked cubes and systems

- Expert understanding of key financial metrics (NII, NFI, NTI, Period End Balances etc.) and ability to make accurate adjustment entries in line with business expectations. Candidate is also expected to have working knowledge to align inter-linked systems and cubes (e.g. adjustment entries to align Saracen and Clearview UK systems)

- Prior experience in understanding and preparing data base adjustments (DBA), Closed Period Adjustments (CPA) and Regional Actual Adjustment (RAA)

- Expert in developing detailed reconciliation templates to review financials between multiple cubes and systems in all legacy and CVUK (Clearview) systems. Candidate is also expected to interpret the reconciliation breaks and provide detailed commentary at short notice

- Proficient and prompt in understanding data gaps between legacy and Clearview system, propose remediation to balance multiple systems and prepare accurate adjustment journals (contingency journal preparation)

- Working knowledge in key submission & reporting systems like FTP, Saracen, TM1 and Clearview UK (CVUK)

- Experience in handling business reporting and data quality activities with strong understanding of journal processing logic, database and closed period adjustments

- Ability to interpret and communicate changes in Finance Instruction Manuals (FIMs), Accounting Policies, IFRS, Ring Fencing, Brexit etc. and take lead to implement changes across all impacted systems and reports

- Co-ordination with the in-country Business Finance & Business Team to ensure the receipt of accurate inputs related to cost centres and business framework

Principal Accountabilities KPI and Targets

Service Delivery

Infrastructure Maintenance

- Co-ordination with the in-country Business Finance & Business teams to ensure the receipt of accurate inputs related to cost centers & business framework

- Ensuring accuracy of data feeds moving into multiple reporting systems (Saracen, MI Actuals, CVUK, FTP, ICE etc.)

Process Improvements-

- Continuous review of process with the objective of improving the resource utilization, time taken and quality of deliverables

- Drive transformations projects to enhance efficiency and effectiveness of the Data management Team

Exceptional Handling / Troubleshooting-

- Identify solutions and troubleshoot exceptional situation

- Design long-term solutions for detection, prevention and management of exceptional issues

Governance

- Ensure appropriate and fit for purpose KPIs. Define baseline for the service levels and develop performance dashboards to report on various KPIs.

- Establish governance structure for ongoing performance management and evaluation of the service delivery via setting up service management boards

- Lead, coordinate and support Re-engineering initiatives.

- Focus on continuous business process improvement initiatives. Drive improvement in service quality to ensure the culture of first time right, every time

- Working within a fast moving and demanding environment with significant changes and strict timelines

- Understand the business requirements in line with changes and be able to effectively translate into functional requirements

- Keeps a real time view of all incidents, mitigating plans affecting the stakeholders

- Ensure all processes are correctly and thoroughly documented (SOPs and Process Maps)

- Maintain monthly reporting timetable via Achieve for both routine and ad-hoc tasks and strict adherence to Achieve

- Continuous review of processes with the objective of improving the service delivery timeframes and identify areas of improvement

- Ensure operational efficiency and higher productivity utilising, where possible, Six Sigma Lean process improvement methodologies.

Stakeholder Management

- Liaise with Senior Business Stakeholders in Business Finance and wider GFC teams to ensure support is provided per requirements

- Ability to manage trouble shooting/ secondary reviews and understand queries raised by business leaders and determine escalation as necessary

- Influence and escalate key issues in an effective way to ensure timely resolution

Operational Effectiveness & Control

- Adherence to Group policies, audit, controls, and compliance requirements including but not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy

- To continually assess the operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology

- Effectively drive and manage change, plan business contingency and achieve cross-training

- Ensuring BCP plan is documented, agreed with business partner and tested as per agreed timelines

Skills/Experience Required

- Qualified Chartered Accountant / Certified Public Accountant / MBA from a Tier 1 Institute in India or overseas

- 8 to 12 years of experience obtained in a Multi-national / International company either within or outside of India

- Extensive and recent experience in a similar position, preferably within banking industry.

- Strong leadership skills and prior record of building and developing high performing teams with focus on quality

- Prior experience of implementing a managed services model preferably in a finance function

- Excellent numerical and analytical skills and ability to get into the detail to guide, educate and develop their team

- Thrives under pressure and has a proven ability to multi-task

- Extensive experience of Customer relationships, confidence and presence to deal with Customer

- Strong interpersonal, communication and presentation skills and commercial judgment, with a strong understanding of business issues