Financial Planning & Analysis/VP recruitment

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Named the "Best Global Investment Bank“ in Euromoney Magazine’s annual Awards for Excellence, Deutsche Bank is a leader in Germany and Europe and is continuously growing in North America, Asia and key emerging markets.

Finance

Group Finance is vital to the way we run our business. The global marketplace is constantly evolving, and being adaptable, deliberate and precise in action is critical to safeguarding shareholder value. With sound financial principles at the core of everything we offer, Group Finance oversees all financial details of Deutsche Bank, globally.

Our People

Our people are outstanding individuals with agile minds, from a diverse range of backgrounds and cultures. They generate fresh ideas and innovative solutions which set us apart from our competitors and add value to our clients.

Role Description

Job Description: 

Division, Department:  Group Finance, Finance Infrastructure (F-I)

Role:  Financial Planning Analysis, Infrastructure – Americas Region

Corporate Title:  Vice President

Group Finance is responsible for overseeing all the financial details of Deutsche Bank.  The role of Finance is to protect the interests of Deutsche Bank’s shareholders, to ensure their returns are maximized over time.  Finance accomplishes this goal is by providing meaningful challenge to the businesses and infrastructure functions within Deutsche Bank through insightful and rigorous analysis, high quality, accurate financial information, efficiency and effective controls. 

The role of Finance is changing and expanding to become more influential. Finance partners with its stakeholders to monitor performance, manage costs and deliver their strategic agenda. The current economic situation demands Finance to spend more time on financial planning and analysis, educating organizations on cost reduction, financial risk management, strategy planning and credit decisions. These changing expectations, as well as imposing new pressures on Finance, represent a huge opportunity.

About Finance Infrastructure

Finance Infrastructure is the CFO function for Deutsche Bank’s Infrastructure businesses:  Group Technology, Global Business Services (Operations), Global Logistics Services (Corporate Real Estate and Sourcing), Risk, Compliance, Legal, Finance, HR, and Regional Management.  Finance Infrastructure manages the cost base for all of these service support functions as well as Compensation Benefits for the entire Bank, collectively representing 57% of Deutsche Bank’s direct costs.  The department employs approximately 200 staff.  Main hub locations are New York, London, Frankfurt and Singapore, with staff also present in Ireland, Birmingham, Jacksonville, Mumbai, Bangalore, Manila and Sydney.  The department is supported by offshore professional service centres (PSCs) situated in Manila and Mumbai.

Finance Infrastructure Vision:

To be the strategic partner providing subject matter expertise and challenge with respect to the cost base of Deutsche Bank

• Be the single source of cost related production, reporting and analytics

• Deliver our services and products through a well-defined and controlled architecture

• Instill a culture and focus on high performance and continuous development among our people

• Support the Bank's efforts to maximize total shareholder return

• Be a trusted advisor and partner to our Infrastructure businesses

Responsibilities

Senior member of the Americas region Financial Planning and Analysis team, which is responsible for reporting and analysis on the region’s cost base, balance sheet and associated controls. 

• Prepare monthly executive level management reporting on results delivered to regional CEO, CFO, the regional head of the Corporate and Investment Bank, various senior management committees, legal entity Boards, and regulatory bodies

• Perform variance analysis to research and explain cost movements month over month, quarter over quarter, year over year and versus plan/forecast

• Deliver analyses to explain cost allocations from Infrastructure areas to Front Office Businesses

• Prepare one-off deep dive analyses for senior management that provide business insight and decision support through financial and non financial analysis

• Play a leading role in the ongoing development and implementation new management reporting to support deeper understanding of cost drivers, return on investment and impact on total shareholder return

• Become a subject matter expert on the Bank’s budgeting/planning/forecasting processes and the business levers that drive operating cost at Deutsche Bank and the means to manage these costs

• Interact with other Finance Directors and Business Managers locally and globally to understand business planning assumptions and cost drivers;  Translate budgeting, business planning and forecasting efforts into meaningful decision support for regional business partners

• Lead Business Process Reengineering initiatives

• Become a fluent user of the Bank’s financial reporting systems

• Own/Administer certain financial controls including balance sheet substantiation and onshore journal entry posting requirements.  These will include the Intercompany Payables/Receivables processes and substantiation of Fixed Assets

• Run with ad-hoc tasks and project work

• Breadth of responsibilities flexible and commensurate with demonstrated ability/seniority to handle workload

• Provide management support and leadership to 3 junior staff;  Inspire others to give their best

Candidate Profile

• 10+ years experience in a finance decision support, FPA or related role.  Prior experience working in the financial services industry preferred, but not required.

• Strong Analytical / Critical Thinker and Problem Solver -- demonstrated competencies associated with Business Problem Solving and Decision Making, such as the ability to identify critical variables of a business problem, determine options, and analyze technical, financial, and business impact.

• Can digest vast amounts of information while maintaining the big picture and condense into executive summaries that can be reviewed with senior management.  Management Consulting Experience helpful

• Proven combination of good technical and interpersonal skills, acting as a trusted advisor and interacting with varying levels of management

• Solid understating of the Income Statement and Balance Sheet

• Strong Excel skills required (experience with Essbase, ThinkCell, SAP a plus);  PowerPoint a plus.

• Makes efficient use of time, working quickly with a strong focus on speed and accuracy

• Good Listener and follows directions

• Comfortable figuring things out one his/her own with sometimes little direction.  Resourceful.

• Self Starter / Proactive;  Possesses a strong work ethic

• Quantitative and highly numerate

• Highly Organized

• Pays extremely close Attention to Detail

• Makes Presentation of data and information a priority

• Always Meets Deadlines and can adhere to a strict deliverables calendar

• Comfortable navigating a complex organization, processes and systems

• Excellent verbal and written communication skills 

• Works well in a team environment and has a global orientation

• Takes an interest in the broader financial services industry and follows current events

• Interest in building a career within Finance

• Flexible, Adaptable, Affable

Education Standard

Finance or Accounting Degree (Undergraduate)

CPA or Equivalent a plus

At Deutsche Bank, we are proud to be an Equal Opportunity/ Affirmative Action (M/F/D/V) employer.

For more information and to apply, please visit our website at db.com/careers