Business Function
Group 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 %26ndash; 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 Credit Cards Product in Consumer Banking Group.
Key Accountabilities:
Group 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 %26ndash; 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 Credit Cards Product in Consumer Banking Group.
Key Accountabilities:
- Support strategic initiatives within CBG with specific focus on Credit Cards
- Business Finance support to Credit Cards Business through advanced business modelling, analytics including market / competitors analysis
- Help in preparing annual budget, forecast and month 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
Job Duties & responsibilities:
- Formulate and execute Finance processes and controls for Credit Cards Business
- Resolution of operating issues related to CBG Credit Cards Businesses
- 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
- Analytical review of all revenue streams and margin analysis by product and customer segment
- Preparation of budgets, Forecast and Flash for both CBG and Digital Banking initiative
- Support all ad-hoc business modelling and analytical review for Credit cards Business
- Track, Monitor and suggest remedial action where necessary for Branch, Sector, customer Segment, Channel and Product wise performance for CBG and digital banking
- Coordinate new Product launches within CBG and Digital Banking space
- Participate in Strategic Initiatives within CBG and Digital Banking space
- Drive change management initiatives with CBG and Digital Banking space including process automation to drive capacity modelling
- Deploy proper knowledge management process within CBG 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 CBG and Digital Banking Space
- Manage Group (HO) deliverables related to CBG and Digital Banking
- Participate in Finance-Wide initiatives and activities
Required Experience:
- Minimum 7/8 years Post Qualification Experience in commercial banks preferably in Credit Cards Business
- Have exposure to Financial Planning and Analysis of Consumer Banking in his previous role including preparation and review of budgets
- Conversant with RBI Regulations
- Conversant with Accounting Standards (Indian GAAP, IFRS)
- Exposure in Regulatory reporting, taxation, accounting and dealing with auditors will be added advantage
India-Maharashtra-Mumbai
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