Principal, Banking & Treasury FP&A (Costs)

Job Posting Organization:
The organization is a prominent financial institution based in the United Kingdom, focusing on banking and treasury services. Established to facilitate economic growth and development, it operates with a mission to provide financial solutions that support various sectors. The organization employs a diverse workforce and has a significant presence in multiple countries, contributing to its global reach and influence in the financial sector.

Job Overview:
The Principal, Banking & Treasury FP&A (Costs) position is a critical role within the Finance division, specifically in the Strategy, Planning & Control team. This role is primarily focused on cost management and client partnering within the Banking and Treasury sectors of the organization. The Principal will be responsible for establishing and monitoring the overall administrative expenditure budget for the Bank, ensuring that financial resources are allocated efficiently and effectively. The position requires collaboration with the Associate Director, Head of Banking and Treasury Business Partner, to develop and present budget proposals and frameworks. The Principal will also play a key role in preparing documentation for senior management and the Board, including the three-year Strategy Implementation Plan and annual Budget. This role demands a high level of independence and the ability to advise budget holders on resource proposals and budget utilization, making it essential for the Principal to possess strong analytical and strategic thinking skills.

Duties and Responsibilities:
The Principal, Banking & Treasury FP&A (Costs) will undertake a variety of responsibilities, including but not limited to:

• Providing expert advice on budget frameworks and annual budget proposals for the Banking and Treasury sectors.
• Representing the Finance Strategy, Planning & Control (FSPC) team in cross-departmental projects, contributing as a subject matter expert.
• Leading the review of cost management issues to support strategic budget decisions.
• Collaborating with the costs management team to develop cost allocation methodologies for segmented P&L reporting.
• Conducting periodic management reporting to internal stakeholders and the Board, analyzing financial and operational performance.
• Monitoring and analyzing cost performance on a monthly basis, providing insights for management reporting.
• Structuring and managing the implementation of projects, particularly in workforce planning initiatives.
• Actively monitoring business plan and budget execution, highlighting variances and providing rationale for client groups.
• Supervising the work of junior staff, including Associates and Analysts, ensuring productivity and efficiency in resource allocation. 1
• Involved in training Budget Officers and Heads of Resident Offices within the Banking Department. 1
• Continuously identifying opportunities for increasing efficiency and effectiveness through process automation and data quality improvements.

Required Qualifications:
Candidates for the Principal, Banking & Treasury FP&A (Costs) position must possess significant practical experience in cost management issues. A qualified accountant designation, CFA qualification, or a relevant Master's degree is required, along with strong practical experience in Finance or FP&A. Candidates should have a robust accounting knowledge and financial background, complemented by excellent numeric and analytical skills. The ability to work independently while ensuring appropriate checkpoints are in place is essential, as is experience in stakeholder management and negotiation. Candidates should also demonstrate coaching, mentoring, and leadership skills, along with strong relationship management and influencing abilities. A commitment to continuous improvement and innovative solution development is crucial, as is the ability to work under pressure and meet deadlines.

Educational Background:
The educational background required for this position includes a qualification as a certified accountant, CFA, or a relevant Master's degree in Finance, Accounting, or a related field. This educational foundation is essential to ensure that the candidate possesses the necessary knowledge and skills to effectively manage financial operations and contribute to strategic planning within the Banking and Treasury sectors.

Experience:
The position requires significant practical experience in cost management and financial planning and analysis. Candidates should have a proven track record of working in finance-related roles, demonstrating their ability to manage budgets, analyze financial performance, and provide strategic insights. Experience in a banking or treasury environment is highly desirable, as it will provide the necessary context for understanding the specific challenges and requirements of this role.

Languages:
Fluency in English is mandatory for this position, as excellent written and oral communication skills are essential for effective stakeholder engagement and reporting. While not mandatory, proficiency in additional languages may be considered an asset, particularly if the organization operates in multilingual environments or has international stakeholders.

Additional Notes:
This position is a full-time role with a regular contract type. The contract length is not specified, but the posting end date for applications is set for April 15, 202

• Internal applicants must have completed their probation period before applying. Additionally, applicants currently working directly for a Board office can only apply for jobs advertised on the external website. Due to the high volume of applications, the organization may not provide detailed feedback to candidates who are not shortlisted.