Senior Vice President - Finance - Bank

Senior Vice President - Finance

Department : Finance

Reporting to: CFO

Job Purpose:

- The holder of this role will manage teams and will take ownership of financial reporting, business analysis and financial control in a rapidly growing franchise. He/she will aid profitability through business monitoring & fiscal discipline & product profitability in addition to processes & policies.

Key Accountability :

- Manage the Finance Function of the Bank which includes - Financial Accounting and Reporting, Central MIS and Analytics, Financial Controls, Vendor payments and Accounts Payable function, Business Finance for CBG and the Digital Bank

- Review and Maintain Financial Discipline. Guide and direct the team on critical matters ranging from adopting the Accounting Policies, IFRS and Related Regulatory norms on Financial Statements.

- Ensure integrity of financial reporting, including management accounting and budgeting.

- Monitor and review the actual business performance and provide timely inputs and advise the business heads to achieve the overall Bank's strategic plan. Establish a review process to constantly challenge and control costs to the optimum level.

- Support Country Strategic Initiatives

- Evaluate, train and motivate the team for the establishment and embedding of the values, behaviour and philosophy of continuous improvement, and implementing best practices.

- Manage Cost Analytics and Drive Strategic Cost Management

Job Duties & responsibilities :

- Monitor top & bottom lines in India & review business & segment performance

- Partner business in monitoring key initiatives including tracking of KPIs.

. Implement metrics to help BU focus on, track and achieve their goals

- Lead the budgeting, flash and forecasting process

- Lead execution of process re-engineering through detailed business analytics. Increase efficiency in control measurement tools.

- Build long term relationships founded on efficient and reliable support with all business heads. Aid in product development to reduce market risks & increase profitability. Also implement control measures & decisions to manage consistency and improve quality of operational service.

- Upgradation of systems architecture & operational processes through special projects

- Drive the control agenda (in an expanding branch environment)

- Ensure adequate controls on AP function and maintain TAT

- Handle internal, Statutory and Group audits

Experience Required :

- Sound knowledge of the overall banking environment (wholesale and retail) and applicable regulations;

- Banking experience of at-least 12 - 15 years;

- Exposure to all streams of finance (statutory / MIS / budgetary / regulatory reporting / business finance);

- Conversant with the various accounting norms (local / IFRS).

Education Qualification :

- Chartered Accountant / MBA (from a reputed business school);

- Additional qualifications e.g. ICWA / CS / CFA / CIMA will be an added advantage.

Expertise :

- Analytical and issue resolution skills

- Consistency, efficiency and standardisation of processes and controls

- Cater for business requirements in line with proposed business growth;

- Effective communication with leadership, management and employees;

- Implement a structure and team appropriate to manage the India Financial Control responsibilities and support business stakeholders.

Technical Competencies :

- Sound understanding of banking products across all segments

- Strong Financial Acumen with a sound understanding of banking & local regulations, taxation implications

- Sound understanding of the costing & profitability of banking products

- Conversant with various statutes applicable to the banking environment;

- Flair for achieving a required level of automation/ computerisation.

Work Relationship :

- Strong working relationship with all units in India and within the Finance department itself;

- Involvement with Financial Control at Head Office;

- Senior Management in India