The Bank of Baroda, One of India’s Largest Bank is looking for qualified and experienced professionals for various Senior positions for transformation of the Finance function of the Bank.
Head – Business Finance
Qualifications:
- Graduate (Any discipline) and MBA (Fin) / CFA / CMA
- Minimum of 15 Years of work experience, out of which at least 8 years of experience in Business Finance in Bank / NBFC / Financial Inst. Etc.
- The candidate should have been in leadership role for at least 3 Years.
- Min: 38 Years, Max: 45 Years
Roles & Responsibilities:
- Effectively partner with Business Heads & CFO to help shape, formulate and execute the Business strategy
- Spearhead the Budget planning and forecasting along with the respective Business Heads
- Performance Management
- Cost Management and Control
- Balance Sheet Management
- Accounting Policy Support and Advisory
- Risk Management
- Governance
Head – Internal Controls & Finance Governance
Qualifications:
- Graduate (Any discipline) and CA / CMA
- Minimum of 15 years of work experience in the area of Internal Controls, Internal Audit & Operational Governance Oversight, out of which at least 6 years’ experience in a Big 4/Large/Leading Accounting Firm.
- The candidate should have been in leadership role for at least 3 Years in the area of Internal Audit, Controls in a Bank/NBFC
- Min: 38 Years, Max: 45 Years
Roles & Responsibilities:
- Responsible for establishing & maintaining the Internal Controls Framework in the Bank, in line with laid down guidelines and as per regulatory requirements.
- Within the Finance Function ensures appropriate policies and standard operating policies are maintained and updated in a timely fashion
- Oversight of Internal Financial Controls (ICOFR) on Financial Reporting
- Establish a Governance Framework for Reconciliation of Office Accounts Pan bank with an effective technology platform for validating and archiving operational data
- Establish a governance framework for General Ledger Analysis for ensuring correct capture of cost, eliminate possibility of revenue leakage, and ensure income recognition as per IRAC norms. Focus on ensuring any anomaly that is observed is rectified and dealt with appropriately.
- Provide advice and guidance to business lines on the maintenance of an effective and adequate Internal Control environment.
- Responsible for liaising with Statutory Auditors on Internal Financial Controls (IFC) audits .
- Ensure Internal Control Framework is implemented across the institution. Identify gaps and recommend risk mitigation measures, wherever required
- Ensure adequacy of controls, financial reliability and compliance with all applicable directives and regulations
Head – Investor Relations
Qualifications:
- Graduate (Any discipline) and CA / MBA (preferably in Finance stream)
- Minimum 15 years of work experience in Investment banking or in Institutional Broking house on institutional sell side.
- Experience in Investment research shall be preferable.
- Should be proficient at leading investor engagement. Should be networked with Large Institutional players
- Min: 38 Years, Max: 45 Years
Roles & Responsibilities:
- Develop a robust investor relations strategy and framework
- Develop investor confidence and belief in the Banks’ vision and strategy for delivering shareholder value
- Provide insights on market activity and present them to the leadership team
- Serving as the primary point of contact for the investment community, equity analysts and rating agencies
- Detail/comprehensive and competitive analysis of different financial models/ Financials tools/ Financial Metrics etc.
- Maintain and create press releases, presentations and other communication documents of the Bank.
- Develop materials for Board of Directors meetings
- Monitor the movement of shareholders regularly and give recommendations to the top management on the basis of such analysis
- Benchmarking of Banks financial performance & share price movement with the peer Banks.
- Monitor analysts’ reports and summarize them for senior management
- Any other work as entrusted by the Bank from time to time
Dy. Head – Investor Relations
Qualifications:
- Graduate (Any discipline) and CA / MBA (preferably in Finance stream)
- Minimum 12 years of work experience in BFSI Sector, out of which at least 8 years of experience in Investment Banking / Institutional Broking / Institutional Sales Applicants with experience in Investment Research / Networking with large institutional players shall be preferred
- Min: 35 Years, Max: 40 Years
Roles & Responsibilities:
- Analyze and present financial trends, competitor behaviour, shareholder issues, and anything else that could impact the business
- Monitoring performance and result oriented metrics on a daily/weekly/monthly/ quarterly basis.
- Constant updating of the ‘Investor Relations (IR)’ section on the company website at a regular interval.
- Tracking investors’ perception and query on a regular basis and convey the same to the Top Management and to resolve issues, if any.
- Arranging of Conferences, Meetings, Roadshows, Earnings transcript calls, and investors interactions whenever required.
- Maintain database of investors, analysts and rating agencies and liaison with them to understand the· sentiment.
- Any other work as entrusted by the Bank from time to time
Dy. Head – Financial Accounting
Qualifications:
- Graduate (Any discipline) and CA Preference for candidates who are ICWA/CMA
- Minimum 12 years of work experience in BFSI sector out of which, at least 8 years of experience in a leading/large accounting firm/Bank/BFSI sector preferably as a Senior Financial Accountant or a Senior Accountant.
- Min: 35 Years, Max: 40 Years
Roles & Responsibilities:
- Ownership of the quarter/year end accounting process including being the lead contact for the external audit;
- Driving process improvement to ensure consistency, clarity and integrity of the financial reports.
- Standardization of accounting processes & internal control
- Ensure effective systems, internal control guidelines, people and processes are in place to adhere to
- applicable Accounting policies and regulatory rules Ensure submission of required report to RBI as per their requirement from time to time and act as single point of contact for handling any issues.
- Implementation of Indian Accounting Standards (IND AS)
- Preparation of books of accounts of the bad debts in compliance with the IRAC norms.
- Manage processes for financial forecasting, budgets and consolidation and reporting.
- Build strong finance team for efficient finance operation across various locations.
- Analyze and present financial reports in an accurate and timely manner; communicate monthly and annual financial statements;
- Coordinate and lead the annual audit process, liaise with external auditors and the Top leadership of the Bank.
- Oversee and lead annual budgeting and planning process; administer and review all financial plans and budgets; monitor progress and changes
Vice President – Balance Sheet Planning
Qualifications:
- Graduate (Any Discipline) and CA / CMA/CFA/ MBA (preferably in Finance stream)
- Minimum 9 years of work experience in BFSI Sector, out of which at least 6 years’ experience in Business Finance Function / Product Profitability Function / Financial Planning & Analysis
- Min: 32 Years, Max: 40 Years
Roles & Responsibilities:
- Using Best in class platform for forecasting all significant balance sheet assets and liabilities for capital and business planning purposes.
- Evaluation of what is the optimal mix of product portfolio based on: Profitability, Capital Consumption,Liquidity profile, Funding support
- Analyse the metric/s should the bank needs to optimize such as growth of NII; ROE ; RWA and engage with various business verticals to ensure Bank level metrics are in line with strategic plans and board directions
- Drive Capital Allocation across businesses based on projected profitability, RoA optimization and ensuring capital efficient business growth
- Develop and maintain a comprehensive modelling system that maintains consistent approach to dataquality and modelling methods, audit, back test, tracking, and annual validation.
- Present stress test and other scenarios to corporate FP&A senior management
- To assist in planning, budgeting and forecasting and reporting of monthly variance.
- To evaluate and implement improvements through automation and actively engage with team on ensuring process improvements are delivered
Vice President – Product Profitability
Qualifications:
- Graduate (Any Discipline) and CA / CMA/CFA/ MBA (preferably in Finance stream)
- Minimum 9 years of work experience in BFSI Sector, out of which at least 6 years’ experience in Business Finance Function / Product Profitability Function / Financial Planning & Analysis
- Min: 32 Years, Max: 40 Years
Roles & Responsibilities:
- To collaborate with Business/Product teams to develop, implement and maintain a long term robust planning model to support financial planning and assist the leadership team in making strategic decisions. Development of financial models for Product business case investments.
- Perform data analytics such as understanding current state operational cost and impact of investment and targets on future state
- Collaborate with Business team to support the development of new driver based product financial models.
- Perform customer and product profitability analysis and makes investment and pricing decisions. Finds opportunities to drive revenue growth, margin expansion and a more favourable mix (i.e., driving preferred products and services).
- Validation of FTP Calculation Engine & Cost Allocation Models and impact on product profitability
Vice President – BU Profitability & Expense Management
Qualifications:
- Graduate (Any Discipline) and CA / CMA/CFA/ MBA (preferably in Finance stream)
- Minimum 9 years of work experience in BFSI Sector, out of which at least 6 years’ experience in Business Finance Function / BU Profitability/ Expense Management / Financial Planning & Analysis.
- Min: 32 Years, Max: 40 Years
Roles & Responsibilities:
- Preparation of business line wise reports providing insights to the management on business performance (covering P&L and headcount) on periodic basis.
- Develop, manage and improve KPI’s, expenditure control systems and performance reporting systems to improve material conversion efficiency and reduce overall BU expenditure.
- Prepare, monitor and control direct cost budgets and standards in conjunction with Financial Controller, and overall BU budgets including RMS to ensure expenditure and conversion efficiencies are in line with annual business plan.
- Perform reconciliation between various Management accounting systems to substantiate balances and breaks pertaining to both costs and revenues.
- Develop, control and maintain adequate product costing systems for valuation and cost estimating activities.
For more details and to apply, click here:
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