Business Manager- investment banking

Business Manager
Group Network Management Financial Planning Portfolio Monitoring
Around £90k

Group Network Management (GNM) owns the provider network including relationships with correspondent banks, agents custodians. GNM provides a single-point of coverage for sourcing and managing provider services (e.g. clearing, settlement and custody services). GNM also strengthens the group-wide commercial leverage and improves control and risk practices. GNM serves as a global competence center supporting the individual needs of all business divisions by providing a comprehensive approach towards market counterparties and industry initiatives.

Key Responsibilities:

Contra revenue management:
- Fee forecasting: maintain and improve the process e.g. further build out of driver tracking and impact analysis to enhance transparency
- Support commercial initiatives with business case calculations and monitoring (e.g. quantify and measure financial impacts and incorporate into the contra revenue forecast)
- Take on new fee types and invoicing processes of internal partners: Analysis of requirements, processes and resources to define service offering and ensure smooth fee and process transition
- ECA accrual monitoring: Work closely with invoicing/account opening team to ensure smooth accrual monitoring
- Contra Revenue allocation and unit cost monitoring/updates.

TDC management:
- Headcount and TDC monitoring (personnel cost, nostro fees and TE)
- TDC allocation: Monitor and control allocations in and allocations out.

Myriad (MIS):
- Develop financial MIS/reporting functionalities for different user groups (market managers, senior mgmt. steering committee participants, etc.)
- Drive finance related functionality enhancements
- Analyze and report current cost allocation landscape and define the service level pricing and cost allocation concept as part of the new strategic GO global shredding model
- Roll out finance standards globally
- Lead financial process optimization projects (e.g. linking Myriad with internal accounting systems, Subledger reconciliation, reporting solutions etc.)
- Support and partner with Myriad project manager market managers to ensure all financial targets are met and the services are operating in a cost effective manner.

Financial planning
- Support GNM sector heads in the financial planning process (e.g. 3YSP), develop steering and reporting tools
- Prepare and submit monthly forecast, variance analysis and divisional billing recovery analysis as well as quarterly Business Review meetings

Stakeholder Management
- Ensure effective collaboration with Corporate Central Finance team, GNM internal staff and divisional partners.
- Support monthly GNM Financial Monitoring review meetings as appropriate

- Experience of working in a large corporate environment (preferably with Banking or Operations experience)
- Budgeting Forecasting experience is essential
- Sound knowledge of SAP, Optima, sub-ledgers, etc.
- Excellent MS Office Application (especially Excel and Powerpoint)
- Experience in establishing and maintaining stakeholder relationships
- Must be client focussed and should have strong analytical skills
- Confident individual with excellent communication skills who is also a flexible team player
- Ability to deal with staff members at all levels within Group Operations, Finance, Front Office and other business areas

Our Client can offer you an environment geared towards performance, attractive career opportunities, and an open corporate culture that values and rewards the contribution of every individual.

We can offer you an exciting, fast-paced working environment, a culture of mutual respect and teamwork and the opportunity to play a vital role in our growth. If you are attracted to joining an organization where every individual's contribution counts and where your talent will impact on our future, please apply for this position. It starts with you.

November 26, 2013 • Tags:  • Posted in: Financial

Leave a Reply

You must be logged in to post a comment.