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Director Business Finance & Analysis
HSBC
New York, NY, United States
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Description
Directs business unit/function financial analysis to support complex business performance analysis and support management decision-making. Serves as Financial Business Director to senior stakeholders to provide financial and technical insights and recommendations regarding current and/or proposed product and process support, expected pricing and cost assignment methodology, business opportunities, and/or internal measurements.
Impact on the Business
• The role analyzes, challenges and communicates the performance of either central function and/or business unit, ensuring delivery against cost targets and value driving initiatives. Responsibilities across the following areas:
• Presentation and explanation of support function operating results to senior management and Business CFO
• Identify and track key cost/performance drivers and cost opportunities
• Deliver regular, high quality, performance insights to stakeholders to support informed and effective decision making
• Provide the financial forecasts by Function and sub function based on both short and medium term requirements
• Improve the ownership and challenge of the budgets
• Support and advise in compliance with Financial Control processes
• Manage and influence the matrix relationships across the finances of the functions Actively seek opportunity to drive process efficiencies throughout central functions finance in routine tasks to enable core focus of role on value added activities and driving the business in the right direction
• Financial Planning & Forecasting reporting and analysis
• Ensuring forecasts integrate seamlessly to the overall functional cost basis
• Ensure ownership of forecasts and cost challenges at business area level
• Manage financial Risks and Opportunities, communicating issues in weekly outlooks and identifying opportunities to mitigate them
• create a `no surprises 'culture'.
• Provide insight to help manage cost forecasts to an affordable level in line with HSBC North America commitments
• Model the impacts of changes of business drivers on forecasts Reporting and Analysis
• Production, development and timely delivery of monthly reporting for business areas for cost and FTE
• Manage change control and drive improvements in integrity and quality of accounts
• Integrate to the overall functional monthly management accounts Support the `Global view of cost reporting for functions which require it e.g. Risk costs
• Carry out detailed variance analysis to understand reasons for performance trends
Customers / Stakeholders
• Respond to requests from senior functional management and business partners for cost analysis and/or metrics
• Consult with executive management, corporate finance, other internal departments and external resources to provide analysis, conclusions, opportunities and risks
• Drive stakeholders and cost owners in the identification of opportunities within the business to increase value across all the central function cost areas
• Support, review and challenge the costs for BAU activity including resourcing and organizational development
• Carry out financial analysis to support business decision making and cost re-engineering initiatives
Leadership & Teamwork
• Respond to requests from senior functional management and business partners for cost analysis and/or metrics
• Consult with executive management, corporate finance, other internal departments and external resources to provide analysis, conclusions, opportunities and risks
• Drive stakeholders and cost owners in the identification of opportunities within the business to increase value across all the central function cost areas
• Support, review and challenge the costs for BAU activity including resourcing and organizational development
• Carry out financial analysis to support business decision making and cost re-engineering initiatives
Operational Effectiveness & Control
• Identify financial risks and opportunities for area of responsibility. Make recommendations and support the implementation of strategies and new initiatives (i.e. acquisitions, new products or channels).
• To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
• Complete other responsibilities, as assigned.
Management of Risk
• Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
• Physical Demands/Work Environment: Very good working conditions. Little or no physical demands. Minimal handling of light materials.The physical demands/work environment described above are representative of those that must be met by an employee to successfully perform the essential duties of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential duties.
Observation of Internal Controls
• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
Qualifications
• Minimum of twelve years proven financial analysis and/or project management experience, or equivalent. Consumer financial services experience preferred.
• Bachelor’s degree in finance, accounting, economics, mathematics, statistics, business management, related field or equivalent experience; MBA preferred.
• Well-developed management, interpersonal, analytical, project management, presentation and verbal and written communication skills. Knowledge of financial analysis, modeling, systems and reporting preferred.
• Proficiency with personal computers and pertinent mainframe systems and software packages. Advanced spreadsheet and database knowledge preferred.
• Understanding and demonstration of ability to influence business drivers
• Strong communication and influencing skills with the ability to deal effectively with senior colleagues in all parts of the business and the ability to communicate financial issues to nonfinancial managers
• Knowledge of Global Markets Products
• Advanced knowledge of balance sheet and intermediate knowledge of capital
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