VP – Financial Planning

Job Opportunity: VP – Cost Performance Management – FP&A (Other Banking)

Location: Bangalore

Experience Required: 15+ Years

Job Summary

This leadership role will be responsible for driving analytics and process outcomes that support Cost Performance Management, with a primary focus on Other Banking (OB) functions. The role involves both descriptive and predictive analysis, with close collaboration with country FP&A teams and senior stakeholders. The ideal candidate should currently be functioning as a VP or the most senior cost FP&A lead in their setup.

Key Role Requirements

• Strong expertise in managing the entire cost base within a complex organizational structure.
• Deep understanding of cost drivers across different business units.
• Ability to clearly articulate narratives around actuals versus budget, and provide meaningful insights.
• Proven experience in cost governance, cost control, and approval processes.
• Currently working as a VP or the senior-most cost FP&A leader.
• Demonstrated experience in managing a team of at least 5–6 members.
• Background in the banking or financial services industry is strongly preferred.

Key Responsibilities

Strategy:

• Understand and align with the organization's strategic goals and apply this to cost planning and analysis.

Business Understanding:

• Maintain strong awareness of the broader economic, business, and market dynamics relevant to the financial services industry.

Cost Performance Management / Reporting:

• Lead and manage OB Outlook and Actuals reporting processes end-to-end.
• Build and present detailed narratives on OB cost performance for Group and Cluster-level leadership.
• Collaborate with the Group FP&A cost team on building robust financial outlooks and corporate plans, including overlays and reconciliations.
• Drive simplification, automation, and digitisation of existing reporting processes.
• Submit central cost overlays and commentaries to Group FP&A as part of flash reporting.
• Track cluster-level outlooks and identify deltas from prior forecasts.
• Conduct detailed variance analysis and flash reporting at the group level.
• Liaise with country FP&A teams to understand key cost movements.
• Integrate headcount trends into the broader cost narrative.
• Ensure standardized constant currency views across all reports.

Corporate Plan & Outlook:

• Lead the cost planning process for OB, including Target Setting, Corporate Plan (CP), and Budget Reviews (BR1, BR2).
• Manage OB-specific elements such as inflation, transfers, and restatements.
• Engage country stakeholders to understand local plans and ensure consistency with group-level assumptions.
• Validate and reconcile cost/headcount transfers across cycles.
• Update cost decks and messaging in alignment with leadership discussions.
• Maintain a consistent story between budgets and actuals across P&L lines.

Other Responsibilities

• Deliver timely and insightful ad-hoc analytics for senior leadership decision-making.
• Take full ownership of individual deliverables, coordinating closely with global finance partners.
• Understand systems and data flow end-to-end to drive efficiency and accuracy.
• Interpret and respond to ad-hoc requests quickly, ensuring high-quality output.
• Design and deliver meaningful MI reports for decision support.
• Build strong stakeholder relationships and ensure alignment across teams.
• Uphold organizational values and compliance with policies and procedures.

Qualifications & Skills

• MBA, CA, CFA, or ACCA with at least 10 years post-qualification experience (preferably 15+ years total).
• Currently serving as a senior cost FP&A leader (preferably VP-level).
• Extensive experience in cost planning, cost control, governance, and analytics.
• Excellent communication and stakeholder management skills, especially in presenting to senior leadership.
• Strategic mindset with strong analytical and decision-making skills.
• High proficiency in Excel and PowerPoint.
• Prior experience in banking or financial services is strongly preferred.
• Proven team management experience, leading teams of 5–6 members.

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