Job Description
Roles & Responsibilities:
• Provide financial information for monitoring business performance
• Supporting Funds transfer pricing mechanism
Performance Management:
- Supports VP finance and Head Business Finance to Provide Business Heads with the financial management information necessary to monitor the performance of business.
- Supports Funds Transfer Pricing (FTP) framework of the bank to optimise overall profitability ofthe bank and incentivise growth businesses to develop in line with strategic plan of the Bank
- Ensure appropriate yield curves implemented for reflecting vertical performance is correctly captured using FTP
- Supports respective businesses have a robust plan and budget and receive accurate timely monthly revenue, cost and Risk Weighted Assets (RWA) information (as necessary) to enable performance to be monitored against these plans.
- Create and maintain a strategic and scalable Information Management Infrastructure to deliver quality MIS and Business analytics to support business growth.
- Collaborate strongly with the business/support units and provide them superior data/fact led analytical insights (business and external environment) that help them take critical business decisions
- Capture and assimilate market intelligence and use analytics to provide relevant insights and financial modelling for business purpose
- Driving and implementing capital budgeting decisions for any new projects in all business units.
Cost Management and Control:
- Support Development and maintenance of appropriate policies and procedures which ensure that cost budgets are rigorously adhered to, that resources under the direct control and influence of the Business are spent carefully, and only in support of approved plans and initiatives.
- Ensure that service charges (allocated costs) are clearly understood, and help articulate cost drivers, so that Business Heads understand how it influences costs in these functions and can identify cost/benefit alternatives for the business.
- Ensure that costs of business programmes and projects are properly managed and accounted for, including effectively supporting the project investment process with proposals which are realistic, and articulate clearly costs and benefits in sufficient detail to enable the delivery of benefits to be tracked fully.
- Set Granular level targets for effective financial management
Balance Sheet Management:
- Ensure capital usage and allocation is optimised across Business and drivers of capital usage are well understood.
Accounting Policy Support and Advisory:
- Provide a source of genuine expertise on accounting policies, their applicability to the CB businesses, and their interpretation in the case of individual transactions.
- Ensure that respective Business verticals maintains a full awareness of accounting policies as they are discussed and developed, and takes a pro-active approach in managing the implications of these for its business
Risk Management:
- Responsible for identifying, assessing, monitoring, controlling and mitigating risks relevant to Business Finance.
- Ability to interpret financial information, identify key issues based on this information and put in place appropriate controls and measure
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters as they arise in connection with the role.
Governance:
- Awareness and understanding of the regulatory framework in which the Bank operates, and the regulatory requirements and expectations relevant to the role
- Actively support VP finance, Head Business Finance and new business activity wherever required
Education Qualification:
Graduation (in any discipline) & Chartered Accountant OR Post-Graduation Degree/Diploma in Finance
Work Experience:
Minimum 6 years’ experience in Banks/Large NBFCs in the area of Business Finance/Financial MIS/Financial Analytics/Treasury/Balance Sheet Management/ALM/Corporate treasury (CT)/P&L Management/Revenue management/BUC/Business Intelligence Unit/Cost Management/Expense Management/Financial Planning, Target Setting, Goal Setting & Strategic Planning and Analysis/Business Planning
The details shared here are for quick reference only. For more details, T&C, and to apply for the Job please refer to the career section of the Bank's website or click here: - https://www.bankofbaroda.in/career/current-opportunities/recruitment-for-various-positions-in-msme-department-on-fixed-term-engagement-on-contract-basis
• Provide financial information for monitoring business performance
• Supporting Funds transfer pricing mechanism
Performance Management:
- Supports VP finance and Head Business Finance to Provide Business Heads with the financial management information necessary to monitor the performance of business.
- Supports Funds Transfer Pricing (FTP) framework of the bank to optimise overall profitability ofthe bank and incentivise growth businesses to develop in line with strategic plan of the Bank
- Ensure appropriate yield curves implemented for reflecting vertical performance is correctly captured using FTP
- Supports respective businesses have a robust plan and budget and receive accurate timely monthly revenue, cost and Risk Weighted Assets (RWA) information (as necessary) to enable performance to be monitored against these plans.
- Create and maintain a strategic and scalable Information Management Infrastructure to deliver quality MIS and Business analytics to support business growth.
- Collaborate strongly with the business/support units and provide them superior data/fact led analytical insights (business and external environment) that help them take critical business decisions
- Capture and assimilate market intelligence and use analytics to provide relevant insights and financial modelling for business purpose
- Driving and implementing capital budgeting decisions for any new projects in all business units.
Cost Management and Control:
- Support Development and maintenance of appropriate policies and procedures which ensure that cost budgets are rigorously adhered to, that resources under the direct control and influence of the Business are spent carefully, and only in support of approved plans and initiatives.
- Ensure that service charges (allocated costs) are clearly understood, and help articulate cost drivers, so that Business Heads understand how it influences costs in these functions and can identify cost/benefit alternatives for the business.
- Ensure that costs of business programmes and projects are properly managed and accounted for, including effectively supporting the project investment process with proposals which are realistic, and articulate clearly costs and benefits in sufficient detail to enable the delivery of benefits to be tracked fully.
- Set Granular level targets for effective financial management
Balance Sheet Management:
- Ensure capital usage and allocation is optimised across Business and drivers of capital usage are well understood.
Accounting Policy Support and Advisory:
- Provide a source of genuine expertise on accounting policies, their applicability to the CB businesses, and their interpretation in the case of individual transactions.
- Ensure that respective Business verticals maintains a full awareness of accounting policies as they are discussed and developed, and takes a pro-active approach in managing the implications of these for its business
Risk Management:
- Responsible for identifying, assessing, monitoring, controlling and mitigating risks relevant to Business Finance.
- Ability to interpret financial information, identify key issues based on this information and put in place appropriate controls and measure
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters as they arise in connection with the role.
Governance:
- Awareness and understanding of the regulatory framework in which the Bank operates, and the regulatory requirements and expectations relevant to the role
- Actively support VP finance, Head Business Finance and new business activity wherever required
Education Qualification:
Graduation (in any discipline) & Chartered Accountant OR Post-Graduation Degree/Diploma in Finance
Work Experience:
Minimum 6 years’ experience in Banks/Large NBFCs in the area of Business Finance/Financial MIS/Financial Analytics/Treasury/Balance Sheet Management/ALM/Corporate treasury (CT)/P&L Management/Revenue management/BUC/Business Intelligence Unit/Cost Management/Expense Management/Financial Planning, Target Setting, Goal Setting & Strategic Planning and Analysis/Business Planning
The details shared here are for quick reference only. For more details, T&C, and to apply for the Job please refer to the career section of the Bank's website or click here: - https://www.bankofbaroda.in/career/current-opportunities/recruitment-for-various-positions-in-msme-department-on-fixed-term-engagement-on-contract-basis
💡 Quick Summary
Seeking a career-building opportunity? The Chief Manager | Business Finance position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.