Head - Business Finance - Bank

We have a leadership job opportunity with the leading Bank based out of Mumbai for the role of Head - Business Finance.

Job Location - Mumbai

Job Description

- Lead the development and management of financial plans and budgets for retail liabilities, Branch banking, KCC, Business Banking and Wealth Management, Digital Alliances & Partnerships and Credit Cards

- Set performance benchmarks and forecast targets for retail liabilities, Branch banking, KCC, Business Banking and Wealth Management, Digital Alliances & Partnerships and Credit Cards

-Spearhead the Budget planning, forecasting and along with the respective Business Heads and own the monitoring and review process of the monthly P&L

- Monitor the plans and initiatives against decided budget and forecasts

- Capture and assimilate market intelligence and use analytics to provide relevant insights and financial modeling for business purpose

- Help develop short term (tactical) and long term (strategic) plans for the organization

- Set targets for AUM, disbursals, workforce hiring numbers, costs, etc. at a granular level for each product and business

- Support Digital partnerships and alliances by leveraging co-branded cards, Forex cards, POS tie-ups and Prepaid cards to expand business across geographies and help achieve larger organizational objectives

- Partner with Risk to create and leverage NPA tool - Pragmatics

- Responsible for analytics & reporting of business costs and for identification of productivity measures and thereby, challenging units on their cost drivers

- Provide key financial insights based on the data and recommend path corrections to realize pre-set budget and profitability goals

- Maintain controls within the MIS framework to ensure compliance with the banks policies

They must have an experience from bank in their current or previous role.