Associate Vice President - Financial Planning And Analysis

Job Description

We are seeking an experienced and talented Associate Vice President to join our Financial Planning & Analysis team. This role is critical in driving the bank's financial strategy and performance. The successful candidate will possess strong business acumen, analytical skills, and a deep understanding of banking products and market dynamics. They will collaborate closely with various stakeholders, including Relationship Managers and product teams, to provide valuable financial insights and support informed decision-making.

Key Responsibilities

• Finance Business Partnering: Provide financial insights and recommendations to support decision-making in the Wholesale and Business Banking divisions.
• Financial Strategy: Develop and implement strategies to optimize financial performance.
• Performance Management: Support monthly performance reviews, forecasts, budgets and business commentary across the covered businesses.
• Reporting & Analysis: Prepare and review financial reports, dashboards and commentary covering P&L, balance sheet, revenue drivers, costs, profitability, capital usage and key business trends.
• Forecasting & Budgeting: Support forecasting and budgeting processes across the covered segments, including coordination with business stakeholders and Central FP&A.
• Collaboration: Work with cross-functional teams on business plans and budgets.
• Client Profitability Management: Support Client Profitability analysis, explaining variances between expected and actual returns (RoRWA and RoE).
• Financial Modeling: Create detailed financial models to simulate various business scenarios and assess their potential impact on the organization's financial health, supporting strategic decision-making.
• ERP & Transformation: Oversee the deployment of new financial systems and technologies, collaborating with IT for seamless integration, including ERP implementation, reporting improvements, dashboarding and automation initiatives.
• Controls & Governance: Support the strengthening of controls, documentation and review processes around financial reporting.
  
  

• Lead and manage a team of financial analysts, providing guidance and mentorship to ensure high-quality financial analysis and reporting.
• Develop and maintain strong business partnerships with Relationship Managers, product teams, and senior stakeholders to understand their financial needs and goals.
• Interpret financial data, identify trends, and provide meaningful insights to support strategic decision-making across the organization.
• Expertise in product and client-level profitability analysis, including interest margins, cost of funds, capital consumption, and IFRS9 ECL.
• Drive the budgeting and forecasting processes, ensuring accurate and timely financial projections.
• Utilize automation and dashboarding skills to enhance financial reporting and analysis, leveraging tools like Excel, PowerPoint, Power BI, and Data Bricks.
• Design and implement practical AI-powered solutions to improve productivity, financial review processes, and decision-making capabilities.
• Build and maintain effective relationships with stakeholders across different functions, fostering collaboration and knowledge sharing.
• Review financial inputs used in governance forums, ensuring accuracy and adherence to regulatory requirements.
• Proactively identify process improvements, enhance reporting, and optimize ways of working to drive efficiency and effectiveness.
  
  

• Bachelor's or Master's degree in Finance, Accounting, Business Administration, or a related field.
• Minimum 10 years of experience in financial planning and analysis, with a strong background in banking and financial services.
• Proven track record of leading and managing financial analysis teams, demonstrating strong leadership and mentorship skills.
• Exceptional analytical skills with the ability to interpret complex financial data and provide actionable insights.
• In-depth understanding of banking products, market dynamics, and regulatory changes, particularly in Wholesale and Business Banking.
• Expertise in budgeting, forecasting, and financial modeling, with a focus on product and client-level profitability analysis.
• Proficiency in automation and dashboarding tools, including Excel, PowerPoint, Power BI, and Data Bricks.
• Strong understanding of AI and its application in financial processes, with the ability to design and implement practical solutions.
• Excellent communication and interpersonal skills, with the ability to build effective relationships and collaborate across functions.
• Proactive mindset, with a strong attention to detail and a commitment to driving continuous improvement.