VP, International Finance

JOB PURPOSE: 

The purpose of the job is to manage the MI reporting and drive financial performance for International Banking Division. Key responsibilities include: 

• Enable financial data to a full picture about the business position with robust MI design and MI governance. 
• Collaborate with Group FP&A and Group Products & Segments Business Finance functions to drive smooth & seamless MI reporting process for International Banking with standardized & consistent MI format across products / segments / countries MI reporting.
• Plan and set targets to ensure international business is successful.
• Prepare and manage the monthly MI reporting cycle for International Banking Division covering month end actuals, budget and forecast, with strategic results commentary to create a broad understanding of the International Banking Division financial performance.
• Act as the Primary Point of Contact (representing International CFO) for International Banking MI governance and MI reporting design & implementation with strong data skill and reporting system knowledge. 
• Act as the Primary Point of Contact (representing International CFO) to support various MI transformation, reporting automation, budget and forecast process and system changes projects implementation. 

KEY ACCOUNTABILITIES: 

• Shows good drive and initiative with strong interpersonal skills. 
• Ability to work under pressure and within tight deadlines.
• Ability to interact with multiple stakeholders across the bank. 
• Effectively coordinate, communicate and build excellent relationships with key stakeholders across Group Finance, country Finance, product and segment Finance etc.

Job Context 

Month End Process 

• Prepare and manage the monthly MI reporting cycle for International Banking Division to report and explain the month end actuals. 
• Ensure results are accurate or clearly highlight any known issues.
• Produce and/or manage the production of monthly MI packs for International Banking Division, highlighting the actual results and forecast with strategic commentary to create a broad understanding of the International Banking Division financial performance.
• Ensure MI packs production is well-managed with data controls and checks to ensure MI quality (accuracy and completeness) and with timely delivery to relevant stakeholders across International Division and Group, this including the following MI packs:
  • Flash Pack
  • MI Pack
  • Forecast & Pipeline Pack
  • Business Review Pack
  • N1 & N2 BSC Pack
• Implement appropriate maker/checker controls for all MI packs.
• Ensure the monthly / quarterly (or any specific periodical window) PcP and budget adjustment process is well-managed for International Banking Division, by having effective process and communication with country Finance teams, Group FPA team, Group products / segments Finance teams to put in necessary PcP and budget adjustment with appropriate adjustment DOA approval.

MI Governance

• Develop and manage the International MI reporting governance framework to determine necessary MI scope (what is required to provide robust & factual insights on financial performance), MI schedule (when can the MI packs be ready for timely business decision making), and MI quality (what controls are required to ensure MI accuracy & completeness).
• Design and build International MI reporting models and align with Group FPA and other Product MI / Segmental MI reporting teams to ensure consistent implementation international locations.
• Build & maintain efficient MI working files to enable smooth and seamless MI packs production (for MI completeness & timeliness), with built-in data validation controls (for MI accuracy).
• Build & maintain standardized financial MI data and presentation models by coordinating feedback and financial presentation requirement from business stakeholders from International and Group. 
• Rollout standardized financial MI data and presentation models to country Finance teams and guide the country Finance teams to apply the standardized models consistently for country strategy presentation / business review presentation.
• Design and build robust MI data model to support strategic analysis (both regular & ad hoc basis).
• Be the Primary Point of Contact (representing International CFO) to support various MI transformation, reporting automation, budget and forecast process and system changes projects implementation. 

Budget & Forecast Process

• Be the Primary Point of Contact (representing International CFO) for International Banking Division’s budgeting and forecasting process.  Including budget and forecast system changes projects implementation.
• Implement and manage process flow to enable the monthly rolling Forecasting framework with structured work process across International locations. 
• Develop and maintain efficient process flow to aggregate country bottom-up forecast as the International divisional level bottom-up forecast, covering all necessary MI aspects, including key PL & BS lines, products, segments/sectors, and corridors. 
• Drive the annual budgeting process for International Banking Division by pulling country bottom-up budget through a structured process and communication with country Finance teams. 
• Be the Primary Point of Contact (representing International CFO) for the annual budgeting process to drive the country Finance teams for timely submission of country bottom-up budgets and ensure the country bottom-up budgets quality (sensible budget with growth assumptions in line with Group FPA guidance).  
• Engage various budgeting stakeholders via a structured process and communication plan (including Group FPA, product Finance teams, segments Finance teams, Group Treasury /ALM, Credit and Risk, country Finance teams, international management team) to ensure budget and forecast are complete and holistic, highlighting key risks and opportunities to drive financial performance.

Strategy and Business Review

• Participate actively in country business review / International business review by providing strategic inputs on key financial insights, including key trends and drivers by products / segments / countries / corridors / key clients / key GLs.
• Prepare or critique business cases or initiatives aimed at enhancing country / International performance.

Oversight & Operational Deployment

Whenever necessary,

• Connect country Finance teams with International Business Financial Analytics and International Financial Governance teams and relevant Group Finance teams on issues pertaining to MI / FPA, budgets, financial control, taxation, and provide input from the regular financial assessment and investigation.
• Be ready and able to provide “hands on” FTE capacity to regional / country finance projects with heavy workloads, staff absence, cross training, and contingency planning.
• Provide thought leadership to country Finance teams in subject matters that cover the full spectrum of Group Finance activity (FPA, Business Partnering, Treasury, Financial Reporting, Tax and Control).

FRAMEWORKS, BOUNDARIES, & DECISION-MAKING AUTHORITY: 

• Group Finance policy adherence
• Group FPA policies and procedures
• Delegated Authorities determined by operational deployment as and when they occur.

QUALIFICATIONS & EXPERIENCE: 

Minimum Qualification

• Degree / Professional qualifications such as ACA/ CPA / MBA
• Relevant Accounting or Tax qualification preferred.

Minimum Experience

• Min 10-12 years of experience with Finance / FPA in Banking.
• Good accounting principles knowledge.
• General corporate tax and Transfer pricing experience preferred.
• Some knowledge of IT systems and use of tax accounting system 
• Banking / Financial services industry experience required.
• Work experience across number of countries preferred.
• Strong communication and interpersonal skills.
• Attention to detail.
• Quick learner and self-motivated
• Able to record issues and propose solutions with good documents management skills.
• Ability to handle pressure and tight timeframes.