Vice President - Finance - Retail Banking

Our client is a Private Sector Bank and has the following requirement as part of the CFO function. The Key specifications are as follows :

Job Purpose :

The jobholder is responsible for partnering and providing commercial advisory to Businesses and Functions to primarily facilitate the achievement of the organizational expense budgets

Job Responsibilities :

- Anchor and manage Financial Management Information System for the organization including P&L and other Business Dashboards

- Assimilate monthly granular data through various systems and offline MIS to create department and branch level OPEX reports

- Own & Deliver - Development, Automation and Publishing of all monthly department level OPEX MIS for the organization

- Partner with various internal business stakeholders for discussion relating to various financial parameters as well as ad-hoc analysis

- Budgeting, Forecasting and Provisioning of OPEX at a department level leading up to the Bank level budget

- Strict and timely monitoring of P&L Expense lines to ensure regular granular tracking and projections to maintain cost discipline pertaining to related expense budgets

- Structured engagement with Business to highlight/recommend modifications to improve the shape of P&L and Productivity

- Drive expense management and analytics through deep understanding of cost booking processes and systems

- Identification of cost saving initiatives specific to lines like IT, Premises, Digital Banking

- Continuously improve, simplify and automate processes related to expense booking, granular and consolidated report generation and allocation methodology across departments of the Bank

- Develop and share key granular insights on OPEX to facilitate active engagement with stakeholders and optimize expenses

- Manage regular reporting to Business Heads, Management Committees, Board and other stakeholders at regular intervals

- Actively manage cost centre related processes

- Provide decisioning support to Sr Management in Business and Finance through advanced analytics and related dashboards

- Maintain audit readiness and leadinternal & external audit discussions as per company guidelines

Qualifications and Key Desirable Skills :

- CA/MBA with 8-10 years of experience

- Minimum 3 years of experience in relevant role

- Experience of working in a fast-moving environment and an ability to work on stipulated timelines.

- Ability to conceptualize, build and implement granular reports to monitor and track expense deliverables

- Excellent in Excel, Access, PowerPoint, Macros, SQL & MIS management.

- Good understanding of various financial parameters for retail banking and third-party products like Insurance, Investments products will be preferred

- Team Management

- Experience in Expense Management is crucial

Monika