Skills and Qualifications:
Experience Needed:
- 5 years of experience in financial analysis, preferably within the banking or financial services industry
Qualifications
- Strong understanding of financial principles, budgeting, forecasting, and variance analysis
- Excellent communication skills with the ability to present complex financial information in a clear and concise manner
- Detail-oriented and analytical mindset, with a proactive approach to problem-solving
- Knowledge of banking industry regulations and financial reporting standards is a plus
Technical Skills
- Proficiency in financial modeling and data analysis using Excel and other relevant tools
- Proficient Microsoft Office skills with an emphasis on Excel and PowerPoint
- Knowledge of BI tools a plus (PowerBI, Tableau)
- Experience with financial systems and software is advantageous (Essbase and Cognos)
Education
- Bachelor's Degree (Business, Finance or Economics preferred)
LANGUAGE\:
Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.
ABOUT THE JOB:
The Finance Department of Global Banking and Investor Solutions (GBIS), is a global organization with local presence, providing the same set of services through global and efficient processes and consistent norms, leveraging on production hubs. Our Core Missions are\: Quality and timeliness of GBIS financial statements; Assisting GBIS management and all Business Lines in their steering with actionable reports on financial performance and forecasts; Independent certification of all financial aggregates in particular the daily P&L explanation on Market Activities; Financial communication and constant benchmarking; Providing expertise on accounting, prudential and tax norms and ensuring the compliance of these norms.
The FP&A group for Global Market Activities (DFIN/MAR/MPA) provides Performance Management reporting, analysis and second level of control on NBI, Balance Sheet, Costs, Headcount, Budget and a variety of ratios.
We are seeking a driven and detail-oriented Junior FP&A Analyst with a minimum of 5 years of relevant experience to support our team. In this role, you will be responsible for closely monitoring and analyzing the daily P&L of Market Activities, providing insights on RWA consumptions and ensuring accurate financial reporting. Your contributions will play a pivotal role in maintaining the bank's financial stability and growth trajectory.
What will be your DAY-TO-DAY?
- Daily P&L explanation of Market Activities\:
- Consolidate and communicate the daily results to senior management
- Liase with different stakeholders (Product control teams, IT teams, etc.) to fully understand the underlying business drivers and issues that may affect each desk
- RWA Monitoring and Analysis\:
- Track and analyze RWA variances against budgets and forecasts
- Collaborate with cross-functional teams to gather RWA-related data and ensure accuracy
- Understand regulatory trends impacting RWA production, and ensure proper knowledge sharing with senior management
- Financial Reporting\:
- Assist in the preparation of regular financial reports, including variance analysis and key performance indicators (KPIs)
- Contribute to the creation of insightful presentations for senior management and other stakeholders
- Budgeting and Forecasting\:
- Support the annual budgeting and quarterly forecasting processes
- Work closely with department heads to gather inputs and assumptions for financial projections
- Data Integrity and Analysis\:
- Maintain accurate and up-to-date financial data in relevant systems
- Conduct thorough data analysis to identify discrepancies, trends, and opportunities
- Ad hoc Analysis\:
- Undertake ad hoc financial analysis projects to provide insights into specific business decisions
- Collaborate with the FP&A team to develop financial models for scenario planning
- Process Improvement\:
- Participate in the enhancement of FP&A processes and tools to drive efficiency and accuracy
- Suggest and implement improvements to reporting formats and data collection methods