Senior Manager - IT Finance Controller - Bank

Job Title/Designation:

Senior Manager - IT Finance Controller

Job Description:

Job Purpose

- IT cost overview including detailed project spends validation by coordinating with various stakeholders involved for decision-making.

- Ensure compliance with defined processes w.r.t RA, Stakeholders consensus, Business benefits are adhered for IT spends.

Job Responsibilities :

IT Process & Controls

- Examine if procurement process is being followed, business sponsor & cost code allocations are in line.

- Responsible for analyzing the trends/variances identifying business drivers for meaningful summary and analytics.

- Liaison effectively with Top management level stakeholders from compliance & process perspective.

IT Funding Cost Validation

Validate the total cost of ownership for proposed CAPEX and liaison with other finance analysts to validate business justifications which may include :

- New solution implementation

- New Infra requirements (Capacity/ Tech Obsolescence)

- Product related enhancements in User Application

Validate estimation of Banks IT recurring cost which includes :

- Software AMC

- Hardware AMC

- Professional/ Managed support service

- FM charges

- IT security spends

- Data center & Data Circuit related spends etc.

Budgeting & Reporting

- Coordinate for the IT annual budget, forecast, analysis and variance reporting processes & liaising with Tax, legal & Cost teams

- Maintain confidentiality and to protect privacy of information & Document work procedures as needed

Educational Qualifications

- Graduation: Graduate in Commerce/ Science Stream

- Post-Graduation: CA / ICWA / MBA (Finance)

Certifications:

JAIIB/ CAIIB (Optional)

ITIL/ PRINCE2/ PMP/ COBIT (Optional)

Key Skills

- Understanding of IT services Management

- Process and quality orientation

- Banking Product & Process Knowledge

- Knowledge of Competition & Current trends in financial Industry.

- Planning and Organizing Skills

- Effective Communication.

Experience Required

- 5 -7 Years of experience as Finance analyst with good understanding of IT systems and IT infrastructure items.

- Should be able to validate, discuss proposed IT Spends with multiple and senior level stakeholders independently with minimum supervision.

- Financial acumen for detailed validation of proposed IT spends.

- Experience in financial analysis, strong quantitative and analytical skills for financial modeling.