ABOUT THE JOB:
The Finance Department of Global Banking and Investor Solutions (GBIS) is a global organization with a local presence. Our core mission in the Americas involves delivering sound financial reports, supporting Business Units, Service Units and General Management with financial and strategic steering, effectively scrutinize business plans, and offering good advice on the efficient use of our capital, liquidity, and funding resources. The Finance Department performs independent certification of all financial aggregates and creates the daily P&L explanation on market activities. In addition, our robust teams also oversee and execute cross-business projects in the financial and regulatory areas of the industry by providing expertise on accounting, prudential and tax norms while ensuring compliance.
The FP&A group for Global Market Activities (DFIN/MAR/MPA) provides Performance Management reporting, analysis and second-level of control on NBI, Balance Sheet, Costs, Headcount, Budget and a variety of ratios.
We are seeking a driven and detail-oriented Junior FP&A Analyst with a minimum of 4 years of relevant experience to support our team. In this role, you will be responsible for closely monitoring and analyzing costs, providing insights that inform strategic decisions, and ensuring accurate financial reporting. Your contributions will play a pivotal role in maintaining the bank's financial stability and growth trajectory.
What will be your DAY-TO-DAY?
Cost Monitoring and Analysis:
Track and analyze cost variances against budgets and forecasts.
Collaborate with cross-functional teams to gather cost-related data and ensure accuracy.
Identify trends and patterns in cost data, offering recommendations for cost optimization.
Daily P&L explanation of Market Activities:
Consolidate and communicate the daily results to senior management.
Liase with different stakeholders (Product control teams, IT teams, etc.) to fully understand the underlying business drivers and issues that may affect each desk.
Assist in the preparation of regular financial reports, including variance analysis and key performance indicators (KPIs).
Contribute to the creation of insightful presentations for senior management and other stakeholders.
Budgeting and Forecasting:
Support the annual budgeting and quarterly forecasting processes.
Work closely with department heads to gather inputs and assumptions for financial projections.
Data Integrity and Analysis:
Maintain accurate and up-to-date financial data in relevant systems.
Conduct thorough data analysis to identify discrepancies, trends, and opportunities.
Ad hoc Analysis:
Undertake ad hoc financial analysis projects to provide insights into specific business decisions.
Collaborate with the FP&A team to develop financial models for scenario planning.
Participate in the enhancement of FP&A processes and tools to drive efficiency and accuracy.
Suggest and implement improvements to reporting formats and data collection methods.