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Finance Business Partner

  • Location: London, City of London
  • Salary: Up to £75000 per annum
  • Job type: Permanent
  • Ref: COD49287571
  • Recruiter: Cormac Doyle
This vacancy has now expired.

Finance Business Partner

I am working with a well-known international bank who are looking for a Finance Business Partner (FBP) to join their business in their Budget Client Management team. The successful candidate will be offered excellent exposure with responsibilities to engage and work with multiple areas of the business.

The FPB will be involved in budget-related client management for a number of departments within the Bank, within the Budget team's mandate of establishing the Bank's overall administrative expenditure budget and monitoring its execution. The role provides direct support to the Associate Director - Budget in work to develop and present proposals for the overall budget framework for the Bank.

The FBP - Budget Client Management will contribute to the preparation of specific sections of documents issued to senior management and to the Board such as the three year Strategy Implementation Plan incorporating the annual Budget, monthly management reports and quarterly performance reports to the Board.

Responsibilities

This role requires maintaining a strong and effective working relationship with Managing Directors; team Directors and respective HR Client Managers for the relevant teams. This role also assumes collaborative relationships with other Departments - Controllers, Administrative Services and IT.

  • Responsibility for client management for relevant departments with annual budget of over £130 million or over 40% of the overall company Budget
  • Delegated decision making on staffing related issues for relevant departments or development of proposals for the management decision - 900+ allocated staff positions or over 40% of overall Bank
  • Interaction with 30+ teams across the Bank, including front offices - key relationships with Managing Directors, team Directors and Heads of teams as appropriate.
  • Main working relationships with other Departments at intermediate or senior level - Human Resources, Controllers, Administrative Services and IT
  • Review the input to Monthly Management Reports for the Senior Management and Quarterly Performance Reports for the Board of Directors
  • Management of a direct report at Associate level and joint supervision of a shared resource at Analyst level
  • Extensive contribution to development and coordination of the overall annual medium term budget framework and annual Budget proposals
  • Proposing or assessing additional resource requirements for the new initiatives or investments in the Bank or respective department for prioritisation within the overall resource requirements envelope
  • Active monitoring of business plan and budget execution of respective departments under client management responsibility, reviewing directly with departments as necessary
  • Monitoring of staffing costs against agreed cost envelopes and tracking of agreements. Partly or fully delegated decision making on ongoing staffing issues, with escalation of proposed solutions to FSBP management level, as necessary
  • Supervising work carried out under the client management responsibility - regular tracking of contingency or provision utilisation, productivity analysis for enhanced efficiency in resource reallocations, on-going staffing and other analysis
  • Involved in training of budget holders and Budget Officers within the relevant client management group
  • Recruiting, training and managing junior staff to effectively meet objectives of the team

Skills Knowledge & Experience

  • Qualified accountant / CFA qualified / Masters and / or strong practical experience in Finance
  • Extensive practical experience in budget management issues
  • Strong accounting knowledge and financial background
  • Excellent numeric and analytical skills
  • Stakeholder management and strong negotiation skills
  • Coaching, mentoring and leadership skills
  • Relationship management and strong influencing skills
  • Strong drafting and presentation skills
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