Principal, Banking & Treasury FP&A

Purpose of Job
The Principal, Banking & Treasury FP&A (Costs) is responsible for 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 administrative expenditure budget and monitoring its execution. The role provides direct support to the Associate Director, Head of Banking and Treasury Business Partner in work to develop and present proposals for the overall budget framework for the Banking and Treasury. The principal challenges and advises budget holders in the use of their budgets and in preparing resource proposals.

The Principal, Banking & Treasury FP&A contributes to the preparation of specific sections of Bank documents issued to senior management and to the Board including the three-year Strategy Implementation Plan incorporating the annual Budget. 

Accountabilities & Responsibilities
Accountabilities and responsibilities for this role are to be conducted with a strong degree of independence with limited supervision of Associate Director, Head of Banking & Treasury Planning, Analysis and Reporting, escalating complex or sensitive issues to the Director for guidance.

• Challenge and advise Executive Committee members and MDs, applying business understanding regarding staffing and other resource decisions. This requires proposing how to manage issues and being solution orientated.
• For relevant client group, provide expert advice around the development and coordination of the budget framework, annual Budget proposals and forecast process
• Represent FSPC in cross-departmental projects and contribute as a subject matter expert 
• Play a key role in the development of client group business cases and operating model synergies. 
• Lead review of specific cost management issues to support strategic input into budget decisions
• Working with costs management team to develop costs allocation methodology to support segmented P&L reporting.
• Periodic management reporting to internal stakeholders and the Board covering financial and operating performance.
• Analyse cost performance on monthly basis and providing commentary / insight for management reporting
• Structure, lead and manage the implementation of projects, in particular workforce planning initiatives.
• Actively monitor monthly the business plan and budget execution, highlighting key variances and providing rationale for respective client groups
• Monitor staffing costs against agreed cost envelopes and tracking of agreements. Partly or fully delegated decision making on ongoing staffing issues, with escalation of proposed solutions to FSPC management level, as necessary 
• Supervise work carried out by the Associate/ Analyst – regular tracking of contingency or provision utilisation, productivity analysis for enhanced efficiency in resource reallocations, on-going staffing and other analysis 
• Involved in training of Budget Officers within the relevant client group and Heads of Resident Offices for Banking Department 
• Responsible for recruit, train and manage junior staff to effectively meet objectives of the team
• 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
• Constantly identifies ways for increasing efficiency and effectiveness 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

Knowledge, Skills, Experience & Qualifications

• Significant practical experience in cost management issues 
• Qualified accountant/ CFA qualified/ relevant Masters and/ or strong practical experience in Finance / FP&A 
• Strong accounting knowledge and financial background 
• Excellent numeric and analytical skills
• Ability to work under high degree of independence, whilst ensuring appropriate checkpoints are in place
• Stakeholder management and strong negotiation skills
• Coaching, mentoring and leadership skills
• Relationship management and strong influencing skills 
• Persuasive, adapting information and style to the audience, building trust and attaining agreement
• Commitment to continuous improvement and developing innovative solutions
• Ability to work to deadlines and under time pressure
• Strong drafting and presentation skills
• 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).