Associate Director, Head of Banking & Treasury FP&A

Requisition ID 34093 Office Country United Kingdom Office City London Division Finance - Strategy, Planning & Control Contract Type Regular Contract Length Posting End Date 30/11/2023

Purpose of Job

The Associate Director, Head of Banking and Treasury FP&A leads FP&A’s finance business partnering engagement for Banking and Treasury including financial planning, business analysis / insight, direct cost of Banking & Treasury and management reporting. This is a visible and important role in promoting sound financial management and techniques across the Banking and Treasury to facilitate financial sustainability.

In the conduct of its business, the incumbent engages with a large internal client base, including the Board of Directors, the Executive Committee, and senior business leaders across the Banking & Treasury.

Background

The Banking & Treasury function combines cost management, profitability and returns focus, bringing together all key aspects of P&L dynamics. The main outputs of the team include the Bank’s three-year Strategy Implementation Plan, incorporating the annual Budget that is approved by the Board of Directors normally in December each year and supporting. The key document co-ordinated by the team is the Bank’s three-year Strategy Implementation Plan incorporating the annual Budget that is approved by the Board of Directors normally in December each year.

The team coordinates the setting of the Banking and Treasury’s financial plans and monitoring its execution at the total level and by department through a business partner function, supported by reporting and analytics.

Facts / Scale

• Management of a team of 4 (2 Principals;2 Associates/Analysts)
• Management of the key functions (teams):
  • Banking and Treasury Business Partnering function (covering department with a total revenue of approx. €1.2bn and cost of €204m)
  • Interaction with all senior management across the Banking & Treasury, ExCom, and Board committee

    Accountabilities & Responsibilities

    Financial Strategy & Planning

    • Responsible for leading the annual strategy implementation planning (SIP) process for Banking & Treasury, translating the objectives of the Strategic Capital Framework (SCF) into a 3-year business and financial plan.
    • Leads the development and coordination of the Banking and Treasury’s overall planning and forecasting and annual budget proposal (a key component of the annual Strategy Implementation Plan).
    • Engages and partners with Executive Committee members, senior business leaders and Human Resources and Organisational Development to budget, forecasting and support workforce planning and other strategic Bank initiatives enabling optimisation of resources.
    • Develop and embed quarterly forecasting process.
    • Develop and provide “what if “and sensitivity analysis as part of the forecasting framework.

      Profitability and Performance Management

      • Responsible for establishing and maintaining relevant and insightful financial and business performance analytics to support the decision-making process and the delivery of Banking & Treasury's strategy and objectives.
      • Working with the Capital and Liquidity team to develop RAROC targets and thresholds for sector, product and geography deals to support pricing decision-making and monitor their effectiveness.
      • Leads Finance engagement with Banking & Treasury senior leaders to facilitate P&L optimisation, within the agreed strategy.
      • Directs engagement with Banking & Treasury senior leaders to promote a greater understanding of financial data and analytics, as well as its enhanced role in decision-making.

        Cost Management

        • Establish and embed sound cost management practices. Monitor and control cost budgets. Develop cost analytics across various dimensions to support the cost-efficiency agenda and inform resource allocation decisions.
        • Challenge the business on rethinking and improving the current operating model in target areas to improve efficiency.

          Reporting

          • Leads continuous improvement of the Banking and Treasury reporting, actively cooperating with teams in Finance and across the organisation, to ensure a consistent approach to data governance and maximise the impact of the reporting and analytical solution.
          • Ensure the provision of quality management information to key stakeholders and decision-makers (including the Executive Committee) to support the review and formulation of new business plans and proposals.
          • Building of market practice and own experience and leads continued improvement of costs management process.

            Operational Excellence

            • Leverage understanding and experience of best practices in P&L management to review and enhance approaches to cost management (including cost efficiency) across the Bank.
            • Building of market practice and own experience and leads continued improvement of costs management process.
            • Engages with stakeholders to understand their requirement of the team, and provide meaningful and insightful support.
            • Constantly identifies ways for increasing the efficiency and effectiveness of the P&L namely by automating processes, improving data quality and adopting market best practices, hence freeing up resources for more added value activities such as business partnering and analytics.

              People Management

              • Leads, manages and develops the Banking & Treasury FP&A partnering team to enable effective and efficient delivery of functional objectives.
              • Builds an effective business partnering function and leverage its capabilities to support long-term financial sustainability and planning and to provide value-added, forward-looking insight to aid decision-making.
              • Builds a culture of continuous improvements and \"thinking outside the box\" to deliver performance in line with strategic objectives and consistent with the EBRD's values.
              • This job description is not limited to the responsibilities and the incumbent may be requested to perform other relevant duties as required by the business needs.

                Knowledge, Skills, Experience & Qualifications

                • Relevant Master’s degree or equivalent experience
                • Qualified accountant/ CFA qualified/ and significant post-qualification experience
                • Extensive stakeholder management skills with a focus on influencing and negotiation skills, particularly at the senior level
                • Proven track record of managing a business partnering function
                • Strong engagement and coaching skills
                • Extensive practical experience in P&L drivers and FP&A for Financial Services
                • Strong financial modelling skills and familiarity with financial systems
                • Demonstrated project management and implementation skills
                • Demonstrated ability to work under a high degree of independence and to balance competing priorities
                • Forward-thinking mind-set and commitment to continuous improvement and creating innovative solutions
                • Excellent written and oral communication skills in English and ability to engage audiences and buy in support for ideas