cost fpna with change managment

DIMENSIONS

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ROLE

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Business Title*: [ VP WRB Costs FP&A and Change ]

Grade*: [5A]

Business Function*: [FinOps: Business Performance Operations

Job Family*: [Financial Planning & Analysis]

Job Code*: [Job code as defined in the JFF codes: JFF (Job Family Framework codes ]

Location*: [India: Chennai / Bengaluru]

Year*: [Year Appointed into this Role]

People Leader or Non-People Leader?*:

Regulated Role*: / /

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REPORTING RELATIONSHIP

Reports Directly to*: Dhruv Raj Singh, Lead WRB BPO

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JOB SUMMARY*

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The VP, Wealth and Retail Banking (WRB) Costs FP&A and Change, is a senior role in WRB Costs - Centre of Excellence (CoE), a team that owns the overall cost management agenda for all markets in the Standard Chartered WRB footprint.

The selected individual will primarily support the WRB Business in the development and execution of business strategies, delivering the corporate plan, specific strategic imperatives, and providing business and financial advice and insights by working with the WRB Head, WRB Business Finance and Group FP&A teams.

The selected individual will also be the single point of contact (SPOC) for overall WRB cost performance management, engagement with Group WRB Cost team, Group FP&A, and lead execution of change initiatives.

Key responsibilities include:

• Be the cost SPOC for developing material/ presentation decks for Group and WRB Management Team (including Group Performance Reviews, WRB Management Team Reviews, ad-hoc Group FP&A requests)
• Support Group Head WRB Cost Management, Cluster WRB finance leads and Product/Segment CFOs on all cost matters.
• Participation in all key reviews with WRB Group Head FP&A and Group Head Cost Management
• Partnering with GFS Cost CoE and Group WRB Finance colleagues to build appropriate tech, data and analytics capability around WRB costs.

RESPONSIBILITIES*

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• Build and execute strategic actions in collaboration with all Stakeholders in driving the business performance and aligned to the Banks Strategic Priorities
• Build a strong team with future ready skills and excellence in the DNA
• Build high performance Business Finance teams driving global standard & optimised service offerings

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Being a effective Finance Business Partner, responsible to provide:

• Be the primary point of contact for overall WRB cost performance management including engaging with Group WRB Cost team and Group FP&A on all standard reporting & ad-hoc analysis.
• Drive change & efficiency initiatives, working closely with the WRB Business and Group WRB Cost team
• Lead Budget, Forecast and the Strategic Corporate Plan processes
• Enforce accountability for delivery of Budgets and Forecasts for WRB
• Ensure costs & investments are aligned to business strategy, deliver targeted returns and that a culture of continuous productivity improvement is embedded in business processes
• Drive WRB Cost efficiency discussions and monitor delivery of cost saves by WRB segments and products
• Develop market intelligence on Operating models and Cost best practices from Peer banks and organizations and play a role in influencing adoption of the same by businesses.
• Translate data heavy financial information into compact and visually impactful messages.
• Provide sharp analytics and commentary on WRBs cost performance and forward looking narrative
• Drive detailed conversations on WRB cost performance to derive commercial insights

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Being a Functional owner of the FP&A process, responsible for:

• Build a culture of continuous process improvement, standardization of procedures, and implementation of a robust control framework
• Work with GFS colleagues to ensure co-operation and smooth operations.
• Understand the changing data requirement landscape with a forward-looking focus

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• Lead through example and build the appropriate culture and value behaviours. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners
• To lead and motivate the team, ensuring delivery on the agreed collective agenda
• Mentor and support the development of team members
• Employ, engage and retain high quality talent, with succession planning for critical roles

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• Operate 1st line responsibilities of process owners as outlined under Operational Risk Framework (ORF) and associated policies and procedures
• Act to minimize operational loss and audit failures and take proactive measures to respond to matters arising and identify and manage forward looking risks.
• Through assignment of direct and indirect reports, establish and maintain an appropriate framework and procedures for monitoring, identifying, measuring, assessing, reporting, and managing compliance, regulatory, financial crime, operational and reputational risks

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• Build and review Governance framework around Standard MI, internal controls, adherence to policy to adherence to agreed risk appetite.

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• Display exemplary conduct and live by the Groups Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the team to achieve outcomes set out in the Banks Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

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• Global Head, WRB Financial Planning & Analysis
• Global Head, WRB Cost Management
• Group WRB Cost team
• Leads WRB BPO team

Other Responsibilities*

Embed Here for good and Groups brand and values in Fin Operations Business Performance Team]; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); [List all responsibilities associated with the role]

QUALIFICATIONS*

TRAINING, LICENSES, MEMBERSHIPS AND CERTIFICATIONS

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• MBA, CA, CFA, ACCA with a minimum of 12 years of experience (post qualification), preferably in the Financial Planning & Analytics area

Additionally, the following skills sets are a key to success of the incumbent:

• Experience in managing costs for a global organisation in a matrix environment
• Experience in managing teams in a fast faced dynamic work environment
• Good working knowledge in management reporting, budgeting, forecasting and variance analysis.
• Experienced in financial and profitability modelling and translation of results for management decision-making.
• Advanced or expert skills to prepare presentations for senior management ability to translate complex financial information into visually impactful representations for senior management
• Analytical and strong sense of need to upload integrity of financial information.
• Proactively question and improve status quo, think outside the box to improve productivity, data accuracy and reporting process.
• Strong networking and interpersonal skills, forming positive working relationship in the multicultural environment.
• Should have strong knowledge and understanding of data management, data quality and its linkage in driving business performance management.

SKILLS AND COMPETENCIES*

There are 12 behavioural skills that underpin our Valued Behaviours. Each of these skills is known to drive high performance in organisations and is used to inform how we hire, develop, and promote our people.

Any skill can be selected for any role. It is expected that as complexity of role increases emphasis on various skills changes. There are minimum standards of skills that are required for People Leader and Managing Director roles. Refer to myHR for further guidance.

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