Analyst, Banking & Treasury FP&A

Purpose of Job
The Analyst, Banking & Treasury Business, engages in revenue and cost management client partnering for a Banking and Treasury within the Bank, within the FP&A team’s mandate of establishing the Bank’s overall P&L monitoring its execution as well as establishing the Bank’s overall administrative and capital expenditure budgets and monitoring their execution. The role provides direct support to the Principal, Banking & Treasury in work to develop and present proposals for the overall revenue/ risk/ returns for the Banking and Treasury on revenue side and work to challenge and advise budget holders in the use of their budgets and in preparing resource proposals and other specific analysis, as needed, on cost side.
 

The Analyst provides i) detailed expenditure analysis as part of the annual top-down budget process, productivity analysis and monitoring of budget execution, ii) provides input to the preparation of specific sections of Bank documents issued to senior management and to the Board, including such as the Strategy Implementation Plan document incorporating the annual Budget document. The role requires maintaining the relevant policies, procedures and processes related to resource management, including budget and accounting guidelines and for staffing related issues.

Accountabilities & Responsibilities
Accountabilities and responsibilities for this role are to be carried out under supervision of the Principal, Banking & Treasury FP&A 
Revenue

• Developing and implementing relevant and insightful financial business performance analytics to support the decision-making process and the delivery of Banking & treasury’s strategy and objectives 

• Working with 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 

• Reporting of RAROC on regular basis by sector, product and geography

• Implementing Banking and Treasury segmented P&L on a regular basis including providing insight to the performance to the business.

• Embed quarterly forecasting process for revenue and impairment and provide” what-if” and sensitivity analysis

• Active monitoring of business plan and plan execution of respective departments under client responsibility, reviewing directly with departments as necessary

• Attend meetings on the Principal’s behalf, as necessary

• As directed, provide specific resource analysis for Senior Management and the Board of Directors under the guidance of the Principal, Banking & Treasury 

• Utilise reporting capability of the planning system

• Constantly identifies ways for increasing 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

Costs

• Active monitoring of business plan and budget execution of respective departments under client responsibility, reviewing directly with departments as necessary

• Support the SIP process by capturing the required cost management information including staff and non-staff costs

• Provide advice and guidance to budget holders, after seeking guidance and assistance where necessary

• Attend meetings on the Principal’s behalf, as necessary

• As directed, provide specific resource analysis for Senior Management and the Board of Directors under the guidance of the Principal, Banking & Treasury

• Monitoring and reporting of expenses against agreed budgets on monthly basis and provide commentary and insight

• Undertake regular forecasts with the business and tracking of agreements

• Performing tasks under cost management responsibility – review use of staff costs budget, regular tracking of contingency budget utilisation, use of management provisions, etc. 

• Analysis of productivity across teams and other specific staffing queries to support more senior staff in the FP&A team

• Working with Principal and costs management team to develop cost allocation methodologies to support segmented P&Ls and cost KPIs (productivity, efficiency and effectiveness metrics) to support the business in understanding the cost base 

• Utilise reporting capability of the planning system

• Regular discussions and support to budget holders to understand and efficiently implement their budget

• Under guidance, analyse resources or review policies that fall under the responsibility of the Budget team

• Involved in training of Budget Officers 

This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs as well as ad-hoc analysis directed by Principal

Constantly identifies ways for increasing efficiency and effectiveness 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

Knowledge, Skills, Experience & Qualifications

• Qualified accountant/ CFA qualified and/ or relevant practical experience in Finance /FP&A

• Strong accounting knowledge and financial background 

• Some practical experience in P&L drivers and FP&A for Financial Services

• Excellent numeric and analytical skills

• High attention to detail and ability to maintain accuracy under tight deadlines, with good organisation skills  

• Strong knowledge of IT systems such as accounting systems, Excel and its use in modelling 

• Excellent interpersonal skills and ability to work in a team, liaising with an extensive number of counterparties internally  

• Excellent written and oral communication skills in English

Please be advised internal applicants are only eligible to apply once the probation period in your current role has been passed.

Please note that CCTs and applicants working directly for a Board office can only apply for jobs advertised via the external website.

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).