Team Head, Business Finance, Group Finance

Business Function

Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.

Job Purpose

To drive Strategic initiatives with Business, Business analytics, Budgeting and Controls for Institutional Banking Group, Global Transaction Services and Global Financial Markets.

Key Accountabilities

• Support all initiatives of DBS bank for Institutional Banking Group (Corporate & SME Banking) with specific focus on liability (deposits) and asset businesses (Loans, Trade)
• Business Finance support to key business stakeholders in IBG including Trade and Treasury products through advanced business modelling, analytics including market / competitor's analysis
• Help in preparing annual budget, forecast and monthly flash.
• Timely and accurate business performance reporting, challenge revenue and cost drivers, suggest remedial actions
• Track and monitor Branch, Sector, Segment, Channel and Product wise performance
• Drive productivity / change management initiatives
• Leading a team of highly motivated individuals

Job Duties & responsibilities

• Support IBG Business with Finance processes and controls Design, recommendation and approval processes.
• Single point of contact for all operating issues related to IBG Finance
• Evaluate all existing KPIs in Sales, Risks and Operations and recalibrate where necessary after benchmarking with Industry
• Preparation and commentary on Month-end performance reporting and dashboards
• Stakeholder Management Make regular presentations to senior management of the Bank on PnL analysis and highlight risk and opportunities
• Analytical review of all revenue streams and margin analysis by product and customer segment
• Preparation of budgets Forecast and Flash for both IBG -with focus on the eLVB branches.
• Support all ad-hoc business modelling and analytical review within IBG and GTS
• Track, Monitor and suggest remedial action where necessary for Branch, Sector, customer Segment, Channel and Product wise performance for IBG and GTS
• Coordinate all new Product launches within IBG and GTS
• Participate in identified Initiatives within IBG and GTS Strategic &/OR Tactical
• Drive all change management initiative with IBG including process automation to drive capacity modelling
• Deploy proper knowledge management process within IBG Finance by regular update of Departmental Operating Instructions and Create back up for all critical processes
• Deploy, monitor and review compliance with Group (HO) Policies and Procedures within IBG and GTS
• Contribute to Group (HO) deliverables related to IBG and GTS
• Participate in all Finance-wide initiatives and activities
• Team Management review work done by the team, drive business reengineering, automation and standardization, guide and coach the team

Required Experience

• 18+ years Post Qualification Experience in commercial banks preferably in corporate banking space
• Should have managed the Financial Planning and Analysis of Institutional Banking in his previous role preferably including preparation and review of budgets
• Aware of RBI Regulations
• Conversant with Accounting Standards (Indian GAAP, IFRS)
• Exposure in Regulatory reporting, taxation, accounting and dealing with auditors will be added advantage

Education / Preferred Qualifications

• CA and / or
• MBA Finance from Premier Institutions

Core Competencies

• Strong team leader with clear thoughts
• Decision taking abilities
• Consistency, efficiency and standardization of processes and controls
• Strong inter-personal skills
• Issue resolution skills
• Performance and Results Orientation
• Change / Innovation management
• Good teamwork