AddressLead - Financial Planning & Strategy Liabilities
Role Purpose and Objective:
- Writing strategy document for the bank, making long-term business plans for the Bank and the liability verticals
- Finance partner to business heads and giving them full support while developing product programs, annual budget/ long term strategy, various cost benefit analysis, profitability at vertical & product level, analysis of cost of fund, funding strategy for the bank, analysis of treasury portfolio.
- Support to the senior leadership team in the formulation of business strategy, business plan, budget and target setting
- Support the Head of strategy and business heads to conduct review of performance at various levels - Bank/ vertical/ region etc.
- Drive improvements to the existing business processes, develop and review new business processes as per the strategic goals.
- Various data analysis on regular basis like P&L / Balance sheet analysis, productivity, profitability, variable pay, automation etc.
- Handle all verticals with primary objective of raising liabilities (Treasury, FIG, Branch Banking, TASC, TPP etc.)
KEY RESPONSIBILITIES:
Business:
- Prepare a draft long-term and short-term business plan with annual targets basis the market potential and the objective of the Bank. It involves a mix of top-down and bottom-up approach as the need may be; product wise and region wise targets; guide the team for preparation of budget and business profitability
- Review the progress against targets on a periodic basis and prepare reports on the target achievements. Also, help businesses to understand the variance and come-up with corrective action.
- Prepare capital, revenue and expense budgets in coordination with the respective departments and present to Senior Management
- Prepare and submit, branch & region review reports and other performance reports for evaluation and review to the management/ board of directors
- Continuously scan the market environment on performance of peer banks.
Customer:
- Track competition and analyze market intelligence
- Keep a track of industry updates and trends in terms of best practices, new customer service trends, products/ services, delivery channels, sourcing channels, marketing/ branding etc.
- Enhancing the FTP policy of the Bank based on the changing market as well as internal funding scenario. Also, keep the policy compliant with regulatory requirements that may change time-to-time.
- Should be face from the finance side for the Management on all the requirements of Bank's Liabilities side.
- Prepare Business update for the Board on behalf of CBO/ MD. Co-ordinate with all business, Marketing, Digital, HR, Investor Relations and other relevant teams.
Internal Process:
- Build a top level, forecasting model to analyze current business.
- Provide necessary financial analysis reports to the senior leadership team and various business heads within the specified timelines.
- Review Branch Profitability analysis and discuss with Business Head/ CBO; review monthly - MIS for board highlighting the key achievements of relevant verticals
- Conduct Business Review- Monthly business & financial performance analysis, detailed income expense variance analysis, analysis of performance against budget with business head/ CBO
- Ensure adherence to all new business processes and process changes are in line with the guidelines prescribed by the RBI and other regulatory bodies.
- Detailed analysis of the Cost of Fund movement and its impact on the funding strategy of the bank
- Monthly analysis of the deposit book to be done for the Asset and Liability Committee of the Bank
- Treasury book review - Analysis of the investment book of the bank tracking its yield of its various components and its impact on Bank's margin
- Preparing detailed overall funding strategy (deposits and borrowings) of the bank keeping in mind the micro and macro-economic factors
Learning & Performance:
- Train FAs/ AM, Managers - FP&S to independently handle one business vertical.
- Create a team of FAs/ Assistant Managers/ Managers who can grow and take wider responsibilities within the Bank as when the Bank needs.
Skills:
- Knowledge of the banking industry and different business functions in a small financial bank.
- Knowledge of budget, Financial Planning and forecasting tools and strategies.
- Knowledge on preparation of business plans and target setting.
- Knowledge in competition tracking and market intelligence tools and techniques.
- Strong interpersonal and communication skills
- Good organizational skills.
