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Deputy Head, CFS Finance

Employer
OCBC
Location
Singapore, Singapore
Salary
Competitive
Closing date
May 16, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
  • Develop and drive strategic and operating plans for GCFS by synthesizing our vision and strategic thrusts, economic and industry trends, competitors' performance, technological changes and organization operations. Identifies opportunities for revenue improvement, cost reduction and systems enhancement. Sharpen business decision making process, drive execution to deliver tangible results
  • Establish systems and processes to provide accurate, timely, complete and critical management information for performance management purpose such as Product, Segment, Branch P&L, Flash, Daily Dashboard. Provides analysis, insights and recommendations to senior management and initiates corrective actions
  • Oversee the end-to-end Sales Performance and Sales Incentives process. Collaborate with Business to design the sales incentive scheme, calculation and payment of incentives, review the effectiveness, recommend changes to the incentive scheme to drive for higher sales productivity. Provide regular sales performance information to sales staff and sales management
  • Implement sound financial management strategies to ensure sustainable and stable growth of the business. Close monitoring of hiring based on productivity. Scrutiny and tracking of all A&P and IT project spend. Regular review and benchmark of sales incentive cost. Control on allocated expenses by regularly engaging support units and monitoring Standard Unit Costs
  • Develop bench strength by developing skill sets of existing staff, provides regular coaching and mentoring sessions, development plans, job rotations, overseas assignments, process improvement projects, exposure to senior management and corrective actions. Communicating and championing CFS culture values. Rejuvenates the team by recruiting and grooming Young Bankers and MAs with good career progression plan. Determining accountabilities, monitoring, appraising, and reviewing job contributions and compensation strategies
  • Enforce prudent risk management practices by putting in place various check and control measures for A&P, IT, card rewards and rebates expenses. Ensuring businesses are taking risks prudently by enforcing risk adjusted return thresholds in accordance to Risk Appetite Statement
  • Entrench continuous process improvement mindset within the team. Striving to simplify, automate and optimize the processes, tasks and reports. Actively involves in cross functional process improvement projects by leveraging on team's expertise in analysis and automation programs
  • Provide thought leadership on assets and liabilities management, business feasibility study, business performance benchmarking, acquisition and other critical business decisions. Allocates limited business resources through objective costs and benefits analysis and business navigation skills
  • Provide strategic recommendations to the Division Head and members of the Core Team


Qualifications
  • Degree in Accountancy, Business or equivalent
  • Minimum 15 years of experience in similar capacity
  • Good working knowledge of Microsoft Office applications
  • Mature, proactive, meticulous and tenacious, flair for numbers and hands-on
  • Good interpersonal and communication skills
  • Ability to multi-task and meet tight deadlines.
  • A team player as well as able to work independently.

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