Job Opportunity: VP Cost Performance Management FP&A (Other Banking)
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 56 members.
- Background in the banking or financial services industry is strongly preferred.
Key Responsibilities
Strategy:
- Understand and align with the organizations 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 56 members.
Whats Offered
- Competitive salary and comprehensive benefits for financial, physical, and mental well-being.
- Flexible working options including hybrid/home arrangements.
- Generous leave policiesannual, parental, sabbatical, and volunteering.
- Continuous learning and development opportunities.
- Inclusive work culture that values diversity, integrity, and collaboration.