Consultant at Pylon Consulting
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VP/Head - Cost Management/Financial Planning & Analysis - BFSI (12-19 yrs)
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.
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