Vice President - Finance Operations - Global Retail Banking & Wealth Management

Job Description

Vice President - Finance Operations

Description

Role Purpose (overall high level summary of the role)

The activities managed by the incumbent include management reporting and analytics supporting the Global Retail Banking & Wealth Management (RBWM) business at the Global Finance Centre (GFC)

Responsibilities include:

- Lead and develop an offshore team at GFC providing analytical and decision support to the Senior finance leadership in RBWM

- Lead change required to implement new operating model for preliminary analysis function, including assessing activities and personnel for alignment to appropriate segment of MI continuum (Data Capture, Report Production, Preliminary Analysis) and appropriately staffing and up-skilling the preliminary analysis function

- Lead teams responsible for producing commentaries and appropriate analysis for performance reporting of Global RBWM across Geographies (Group, Region and entities) and Products

- Contribute to good quality analysis and papers required to support standard monthly reports and Global Packs (Business/Regions), ExCo, and other Reports as required

- Provide adhoc analysis and decision support, as required by RBWM MI teams and CFOs onshore to drive and support Business decision making

- Coordinator and collaborator to drive GFC team performance in line with the requirements and business strategy of the onshore RBWM business finance teams and thereby ensure consistency/synergy between Data Management, Report Production and Analysis teams

- Build appropriate Team Skill Sets required for Report Analysis- e.g. Variance Analysis, Peer Analysis, Business Score Cards and other Reports

- Play a lead role on key change initiatives impacting MI processes for RBWM at GFC, including new report development, impact of hierarchy and reporting changes, ad hoc reporting and drill down analysis, etc.

- Support MI Change and Report production teams at GFC to drive MI improvements, including cycle time reduction, efficiency and accuracy and automation

- Lead in providing/developing business specific MI and related advanced and adhoc analysis for RBWM

- Support the data management and report production team to drive Process Standardization

Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures

Principal Accountabilities Key activities and decision making areas

- Stakeholders - Relationship Management with senior managers in RBWM MI

- Agree on roadmap and plans for reengineering and standardisation

- Monitoring process performance related issues

- Internal Business System and Processes - Partner in end-to-end process reviews for data management, report production and analysis to identify opportunities to enhance process optimization and standardisation

- Learning & Growth - Leadership - Lead by Example

- Employee Development, Leadership capability building, technical trainings, product and business knowledge training, etc.

- Employee Satisfaction / Retention - Career Pathing, Secondment opportunities etc.

- Financial - Explore Opportunities for new migrations/development of analytical capability for RBWM

- Business and Departmental initiatives

- Focus on Controls and data integrity

- Manage the controllable cost base.

- Operational Effectiveness & Control - Develop the business knowledge to provide a Business focused analytical CoE

- Support the review and assessment of overall MI reporting process performance, opportunities to improve, and eliminate root causes of operational issues

Major Challenges (The challenges inherent in the role that require a continual test of the role holders abilities)

- Leading and hiring an analytically focused team and developing business specific knowledge in relation to the RBWM business, products, key drivers, etc.

- Joining up and identifying linkages between the separate teams of MI and other Reporting areas

- Relationship Management with stakeholders

- People Management & Employee Development

- Manage attrition and business contingencies

- Skill set match / profiling for the team

- Business Re-engineering

Role Context (The environment and operating conditions of the role including the extent of guidance and authority)

- The role will report to Head MI-GFC and will work closely with onshore business MI teams for service delivery through teams in the GFC

- Provide meaningful and relevant analysis and interpretation of numbers, trends and forecasts

- Ownership of analytical 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 GFC

Management of Risk (Operational Risk / FIM requirements)

The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

- 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 accordance with the Group Operations FIM.

Observation of Internal Controls (Compliance Policy / FIM requirements)

The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term compliance embraces all relevant financial services laws, rules and codes with which the business has to comply.

This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Role Dimensions (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget)

- NA

Headcount reporting to this role Direct: TBD Indirect: TBD Total: TBD

Knowledge & Experience / Qualifications (For the role - not the role holder. Minimum requirements of the role.)

Qualification & Experience:

Qualified Accountant (C.A. /C.P.A/ I.C.W.A) and / or MBA (preferable) with over 13+ years of experience with significant functional and leadership experience preferably in the financial services domain with expertise in product specific/driver based reporting and financial reporting. He / she should have a proven track record in managing large teams & growth. Experience in mandatory / management reporting and exposure to IFRS standards

Key Competencies:

Unique Knowledge, exposure and Skills:

- Proven track record of finance and reporting functional ownership including business specific reporting

- Exposure to dealing with international customers

- Strong Managerial and communication skills

- Exposed to highly automated environment on a wide / local area.

- Strong people management skills.

- Strong Relationship & Customer focus.

Skills & Knowledge:

- Experience in banking/financial services/remote processing organizations

- Managing multiple teams and handling international clients.