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India Business Chief Financial Officer- Senior Vice President

Employer
State Street Corporation
Location
Bangalore Bangalore Karnataka, Karnataka, India
Salary
Competitive Salary
Closing date
May 30, 2024

View more

Job Role
CFO
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Purpose of Role:
  • Supporting financial management of State Street's presence in India and the country CEO with financial budgeting, oversight, reporting, business advising and financial strategy.
  • Contribute to the strategy of the department and ensuring a strong culture of risk excellence.
  • Develop a high functioning, efficient and effective team leveraging the Business Unit Finance presence in India for maximum efficiency and effectiveness.

Major

Responsibilities:


Role Specifics
  • Partner with India CEO and across BU CFOs and functions to:
  • Coordinate and oversee the forecast and budgeting processes, financial reporting and business planning
  • Manage the business unit CFOs and insight center teams to meet objectives
  • Initiate and conduct complex analytical projects

Key

Responsibilities:

  • Lead discussions with the heads of each function and the leadership teams to help understand financials, optimize expenses, and achieve targets. Manage and deliver value-added financial activities including planning, budgeting, analytics, financial metrics, and expense reporting / management Budget and forecasts
  • Own all aspects of the budget/forecast process for the applicable functions; Build budget/forecast and help the functions to make decisions and plan in the face of complex issues.
  • Coordinate with finance, functional partners, and insight centers on all aspects of process including detailed headcount projections, compensation details, and specifics for other line items.
  • Challenge the function on projections to help ensure optimization, Act as an independent set of eyes on proposed projections
  • Prepare story, draft commentary, create slides for presentations that are presented at a wide range of meetings, including key committees, staff meetings for the Function, etc. Requires an ability to draw out the most salient points from large amounts of information Lead special projects to provide better transparency to management. Drive projects to ensure completion, working around roadblocks, and motivating team members to achieve end goal Ad hoc analysis such as impact on financials of certain strategic actions Guide and mentor team members in various locations across the globe; Ability to work with and train a global / remote team is paramount Maintain relationships with a number of constituents including Accounting, regional FP&A teams, functional leads, and others; Ensure communication with other teams is transparent and consistent

Managerial
  • Over 18+ years' experience within financial services
  • Maintain a detailed understanding of:
  • The scope of the role's managerial responsibilities
  • The competence of the staff reporting to you
  • Ensure that Finance staff have a clear understanding of their reporting lines, authority levels, scope of responsibilities (including those delegated to them and those they delegate), objectives, training and competency requirements plus progress is reviewed regularly in line with company policy and are regulatory registered where appropriate for their role
  • Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported
  • Establish and monitor systems of control, delegated authority and escalation procedures so that the business complies with internal policies and external regulations and can be managed effectively
  • Adhere to the delegation and oversight (management information and escalation) framework in the performance of daily tasks. This includes taking proactive action to ensure there is adequate production of management information that is fit for purpose, and issues are raised as appropriate
  • Establish and monitor an effective oversight framework to ensure that issues are appropriately identified, escalated and resolved. This includes: a) ensuring that appropriate management information is received, considered and challenged as appropriate at intervals proportionate to the risks; and b) that staff members have clear understanding of the escalation path/principles
  • Establish and nurture a culture of 'Risk Excellence' within the team, encourage an environment of openness that welcomes effective challenge and supports open discussion
  • Ensure that you make reasonable decisions by exercising reasonable care when considering information available to you. This includes taking proactive action to ensure that the information you have is suitable and adequate
  • Establish and nurture a culture of individual ownership of tasks to embed a clear individual sense of accountability into staff members' behavior in performing their roles
  • Ensure that the highest level of the Code of Conduct is displayed in your own and staff behavior

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