VP/Head - Cost Management/Financial Planning & Analysis - BFSI

Looking for VP/ Head in Cost Management from FP&A background with 12 + years of experience, handling a team of 5-10 members.

The Role Responsibilities :

- Own and be responsible for the delivery of all outcomes to support performance management requirements of CCIB cost. Provide value add through a comprehensive understanding of financials, business context and analysis to support their decision making and strategic development.

Business Support :

- Understand drivers for cost performance; drilldown & analyze the cost across actuals and plan

- Ability to draw out and present the - cost- story in a presentable format for senior management

- Challenge businesses, regions and functions on their cost number if not aligned to CCIB strategy

- In-depth understanding of cost reporting structure, processes and systems

- Transform cost hierarchy into a hierarchy aligned to reporting requirements using a robust process which will cater to dynamic demand environments

- Partner with Stakeholders, Global Process Managers & Owners to design and implement a Cost reporting process

- Ensure that MI is produced in a timely and relevant suitable to senior management

- Work with upstream and downstream teams to ensure that there is transparency in the cost numbers and the process Provide timely & accurate financial information / MIS to enable strategic decision making

- Front end the coordination and support during forecasting, budgeting and monthly reporting cycles with product and segment finance heads and Regional / Country finance functions

- Analyze business performance (management and financial), review highlight risks and opportunities and drive actions to ensure committed financial outcome.

- Ensure support to business stakeholders on regular and ad-hoc management meetings (e.g. MBR, CCIBMT, WFR, CCIB Core, etc)

- Provide delivery ownership and control over all CCIB outcomes across cost processes including accounting and control

- Ensure impact on business performance outcomes is managed due to change in upstream or downstream processes and systems

Team Leadership and Organizational Effectiveness :

- End to end support to the CCIB Cost Finance team covering all outcines for e.g. business performance reports, analytics, planning and partnering with COOs

- Lead and manage the team and to develop the staff to take up different/more value added roles

- Collaborate with Group / Regional / Country Finance colleagues in providing quality management information and review of business plans and strategies

- Contribute in any ad-hoc finance related projects, including providing support to Finance Transformation initiatives as well as simplification of bank process

Regulatory & Business Conduct :

- Display exemplary conduct and live by the Group's Values and Code of Conduct.

- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Bank.

- This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

- Lead to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] 

- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders :

- Product Finance Heads - Lending, CF, FM and TB

- Segment Finance Heads

- Regional Finance teams

- Group finance team

- Strategy team

- Investor relations

Ideal Candidate :

- A mature finance profession with relevant experience in financial services industry

- Experienced in corporate banking products, booking models, accounting treatments

- Sound understanding of cost management, cost performance reporting and understanding of cost booking and allocations practices

- A high degree of integrity and ability to challenge the views and actions of others in a constructive manner

- Ability to work effectively under pressure, multi-task, lead through ambiguities, influence where he/she does not have direct authority & build on unstructured formative situations

- A leader, a team player with the management ability and track record to secure the confidence and respect of the peers, stakeholders and the executive management team.

- Strong Analytical and Strategic mindset, coupled with a thorough understanding of business performance management outcomes

- Should have worked in a business finance function with strong FP&A background.

- Ability to understand and connect business drivers and rationale for and application of those relevant to the Performance management process.

- Significant experience of working with senior management team and of interfacing with and influencing senior stakeholders.

- Strong ability to understand financial statements and its drivers and synthesize them into meaningful analyses as required. Develop analysis & interpretations as required to facilitate management decision making.

- Ability to culturally orient in diverse & international team environment and lead and inspire multi-disciplinary teams.