Team Lead, Financial Management (O&T) (Associate Director)

  • Competitive
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • Bank of Singapore
  • 21 Jul 18 2018-07-21

Team Lead, Financial Management (O&T) (Associate Director)

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.
Start your career with Bank of Singapore as a Team Lead in the O&T Business Management team! !

The incumbent will lead the Financial Management function in supporting Operations & Technology, covering activities like formulation & management of financial budgets / expenses, financial related KPI measurement and tracking, forecasting, cost allocation and other financial-related initiatives.

Responsibilities

  • Plan, Coordinate and Manage the annual budgeting exercise to determine required financial resources to support Ops & Technology.
  • Support Global Head of Ops & Technology in seeking approval for the annual budget and other budgetary requirements through proper analysis, justification and presentation.
  • Review of Ops & Technology financials.
  • Analysis of variances and deviations between actuals and budget.
  • Tracking current expenditures against budget allocated and proactively highlight potential costs overrun against respective budgets.
  • Manage the charging of Ops & Technology services to appropriate parties.
  • Review, propose and refine current cost charging model.
  • Manage the monthly reconciliation exercise for balances in internal accounts.
  • Develop ad-hoc Expense and Financial Analysis reports based on management requests.
  • Coordinate year-end accruals exercise as required, including determining accruals from various Ops & Technology units and tracking of accruals against actual payment.
  • Support HODs by advising and followup on financial-related matters.
  • Lead, manage and execute Financial Management related initiatives, including expense reviews, review and improvement of financial processes, cost allocations, etc.


Qualifications
  • Minimum 10 years of working experience in financial management functions preferably in the banking industry.
  • Strong analytical and presentation skills.
  • Bachelor Degree in relevant fields.
  • Professional certifications like ACCA, Certified Public Accountant or other accounting qualifications would be advantageous.