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VP Business Finance - Bank

Job title: VP Business Finance - Bank
Contract type: Permanent
Location: Jakarta
Specialisation: Banking & Financial Services / Insurance
Reference: PR/121223
Contact details: Gianina Godine
Contact email: Gianina.Godine@jac-recruitment.com
Job published: July 28, 2023 12:39
Location : Jakarta (Multinational Bank)
 
Job Description:
  • Financial Analysis: Conduct in-depth financial analysis for the bank's consumer banking products, including retail banking, credit cards, personal loans, mortgages, and other consumer-focused financial offerings.
  • Budgeting and Forecasting: Collaborate with business heads to develop budgets and financial forecasts for consumer banking products and monitor performance against targets.
  • Financial Planning and Strategy: Support the development and execution of long-term financial plans and strategies for the consumer banking division, aligning with the overall business objectives.
  • Product and Pricing Analysis: Analyze consumer product profitability, pricing strategies, and recommend adjustments to enhance the bank's competitive position and maximize revenue.
  • Business Performance Evaluation: Evaluate the financial performance of various consumer banking initiatives, identify areas of improvement, and work with relevant stakeholders to implement changes.
  • Cost Management: Analyze and manage cost drivers within the consumer segment to ensure optimal allocation of resources and efficiency in operations.
  • Regulatory Compliance and Risk Management: Ensure compliance with relevant banking regulations and internal policies specific to consumer banking products. Assess financial risks associated with consumer banking activities and propose risk mitigation strategies.
  • Financial Modeling and Scenario Analysis: Develop financial models and conduct scenario analysis to assess the impact of market changes and strategic decisions on consumer banking operations.
  • Stakeholder Communication: Collaborate with consumer banking teams, finance teams, and senior management to communicate financial insights, provide recommendations, and support strategic discussions
 
Requirements:
  • Education background in finance/accounting/economics/related field
  • Relevant professional certifications may be preferred (eg., CFA, CPA)
  • Several years of experience in financial analysis, corporate finance, or related field within the banking (multinational) industry. Previous experience in retail banking is much preferred. 
  • Strong understanding of of consumer banking products, services, and industry trends is essential
  • Proficiency in financial analysis, budgeting, forecasting, and financial modeling. Ability to interpret complex financial data and provide actionable insights.
  • Demonstrated ability to think strategically and contribute to long-term financial planning and business strategy specifically tailored to the consumer segment.
  • Experience in leading teams and collaborating in a cross-functional environment, especially with consumer banking teams.
 
If you're interested, please apply through this link or send an email to the consultant in charge (Gianina).