Associate - Budget Change Management (9 month contract)

  • Competitive
  • London, England, United Kingdom London England GB
  • Contract, Full time
  • Non-disclosed
  • 21 Sep 18 2018-09-21

The Associate, Budget Change Management works within the Budget team, as part of Financial Strategy and Business Planning (FSBP) and will support coordination and delivery of the Budget Operating Model project. The Associate, Budget Change Management will work closely with various members of the project team and be responsible for undertaking the development of metrics to assess the average costs of different business activities and allocation of costs to the Bank’s profit centres.

Background

The Budget function across the company is being reviewed as part of a bank-wide Operational Effectiveness and Efficiency (OEE) programme.  This project is expected to create an enhanced Budget function by:

  • Strengthening the link between planning and the budget process
  • Clarifying the mandate with clearly defined roles and responsibilities
  • Making more effective use of a scattered pool of resources
  • Improving transparency and clarity of the budget process
  • Enhancing infrastructure, frameworks and tools to support decision-making

The Budget function needs to be re-focused to better support the Executive Committee and the Business in decisions on strategic resource needs.  Additionally, the project aims to develop metrics to assess the average costs of different business activities and to allocate appropriate costs to the Bank’s profit centres. 

Accountabilities & Responsibilities

  • Delivers project reporting and updates, as well as takes the lead on following up of allocated issues and risks
  • Undertakes detailed assessment of business activity costs
  • Explores and determines cost allocation methodology options for the Bank
  • Works with senior stakeholders to develop an overall cost allocation framework for the Bank
  • Works closely with business areas, such as IT to implement the cost allocation design to deliver team P/Ls by early 2019
  • Creates and tests new Bank-wide reporting standards, including templates. Assist in their implementation through the development of supporting instructions and guidance. 
  • Supports other aspects of the Budget Operating Model project, including  
    • Reviewing organisation, skills and numbers of resources
    • Developing options for management of staff costs

Systems and reporting:  planning of staff resources; operation of the SAP BPC planning system; review of the reporting environment; capture of forecasts and budgets in an efficient way; linking activities and costs

Knowledge, Skills, Experience & Qualifications

  • Educated to degree level, or equivalent experience
  • ACA qualified or equivalent preferred
  • Significant relevant accounting experience, including experience of product costing and cost attribution methodologies
  • Strong numerical and financial skills with the ability to interpret financial information
  • Proven Intermediate MS Excel expertise
  • Strong experience with SAP and data warehouse reporting systems
  • Experience working as part of a change programme, preferred
  • Good knowledge of project management, especially project planning processes and systems
  • Ability to work under high degree of independence, whilst ensuring appropriate checkpoints are in place
  • Proven ability to work to deadlines and under time pressure
  • Strong written communication and presentation skills
  • Excellent written and oral communication skills in English