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FVP, Team Lead, Business Finance for Business Banking, Group Finance

Posting Date:  04-Jun-2022
Location: 

Raffles Place, Singapore, SG

Company:  United Overseas Bank Limited

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.

Our history spans more than 80 years. Over this time, we have been guided by our values — Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

About the Department

The Finance and Corporate Services function manages the financial and administrative needs of the Group to help achieve its business goals.

 

Group Finance

We support enhanced decision-making to achieve optimal and sustainable financial outcomes for our shareholders. We are responsible for providing insights into the performance of the Group through financial, regulatory and performance reporting of the Group.

Job Responsibilities

Team lead for Business Finance team supporting Group Business Banking, Singapore and regional countries.

 

Understand Funds Transfer Pricing (FTP) framework and proficient in financial ratios such as RoRWA% and ROA%, and be able to validate and review business drivers and assumptions to support business decisions.

 

  • As BB business finance lead, to track and monitor actuals monthly financial performance and tracking against forecast / budget for all countries, pre-empt and highlight issues to GBB Head (if any).
  • Take a lead role in the monthly forecast, annual budgeting and strategic planning through working with Business Banking, and respective countries business finance counterparts to validate business drivers, expenses, application of FTP etc, to ensure that they are aligned to Overall Group strategy. 
  • Prepare/Review financials for transformation strategic projects and ensure robustness.
  • Facilitate and lead sessions to liaise and guide regional business finance counterparts on their financial performance reviews.
  • Ensure accuracy of loading of monthly forecast, budget into the system by various countries and assist in troubleshooting when required.
  • Drive re-engineering initiatives for GBB to improve cost efficiency and productivity - specifically on cost allocations to find cost saves and avoidance to improve productivity.
  • Participate in GBB Start of Week calls, monthly business reviews to provide support in financials and understand/review sales momentum to ensure accurate and realistic monthly forecast assumptions for all countries.

Job Requirements

  • A recognized university degree in Finance/Business or its equivalent.  Accounting background preferred.
  • At least 10-12 years of relevant working experience in banking industry
  • Experience in creation and aligning cost center, GL and product hierarchy
  • Meticulous, analytical and pro-active in solving problems
  • A self-starter who is able to work independently as well as in teams
  • Able to present recommendations with clarity and conviction to meet business goals.
  • Driven and energetic individual with strong interpersonal and communication skills across all levels of organization

Be a part of UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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