Finance Controller - IT Vertical - Bank

Company Name : Leading Bank

Job Location : Mumbai

Job Role : IT Finance Control

Experience : More than 3 Years

Job Purpose :

- IT cost overview including detailed project spends validation by coordinating with various stakeholders involved for decision-making.

- Ensure compliance with defined processes w.r.t RA, Stakeholders consensus, Business benefits are adhered for IT spends

Job Description :

IT Process & Controls :

- Examine if procurement process is being followed, business sponsor & cost code allocations are in line.

- Responsible for analyzing the trends/variances identifying business drivers for meaningful summary and analytics.

- Liaison effectively with Top management level stakeholders from compliance & process perspective

IT Funding Cost Validation :

- Validate the total cost of ownership for proposed CAPEX and liaison with other finance analysts to validate business justifications which may include :

New solution implementation :

- New Infra requirements (Capacity/ Tech Obsolescence)

- Product related enhancements in User Application

- Validate estimation of Banks IT recurring cost which includes :

- Software AMC

- Hardware AMC

- Professional/ Managed support service

- FM charges

- IT security spends

Data center & Data Circuit related spends etc.

Budgeting & Reporting :

- Coordinate for the IT annual budget, forecast, analysis and variance reporting processes & liaising with Tax, legal & Cost teams

- Maintain confidentiality and to protect privacy of information & Document work procedures as needed

Experience Required :

- 3-7 Years of experience as Finance analyst with good understanding of IT systems and IT infrastructure items.

- Should be able to validate, discuss proposed IT Spends with multiple and senior level stakeholders independently with minimum supervision.

- Financial acumen for detailed validation of proposed IT spends.

- Experience in financial analysis, strong quantitative and analytical skills for financial modeling.

Major Stakeholders : (Intra team and cross functional stakeholders, who would need to be interacted with for discharging duties)

- IT Strategy and Design

- IT Operations Team/ Business Technology groups

- IT Security Team

- Legal & Taxation Team

- IT procurement & Governance

- Other Support teams.