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VP, Specialist, Business Finance, Consumer Banking Group

Employer
DBS Bank Limited
Location
Singapore, Singapore
Salary
Competitive
Closing date
May 19, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Business Function

As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to help our customers realise their dreams and aspirations at every life stage. Our financial solutions are not only the best in the business - they were made just right for you.

DBS is seeking to hire a Vice President, Budget and Planning, for the Martech team in the Consumer Banking Group. The successful candidate will be responsible for overseeing Marketing budget planning and management, marketing financial operations, and ensuring compliance with risk management guidelines. The incumbent is also responsible for negotiating and managing relationships with creative and media agencies. This role requires a strategic thinker with excellent negotiation, financial management, and planning skills to support our Marketing and business units' goals.

Responsibilities

External Agency Management:
  • Negotiate retainer agreements with creative and media agencies to ensure optimal terms.
  • Oversee agency performance and set guidelines for agency performance management.
  • Manage retainer utilization, track out-of-scope fees, and handle rate card negotiations with smaller creative agencies
Budget Planning & Management:
  • Lead the Marketing budget planning and allocation for each new financial year, collaborating with various internal stakeholders
  • Conduct and facilitate quarterly sessions to review Marketing Program Proposals, ensuring alignment with strategic goals.
  • Oversee the management of approved marketing budgets across units within the Consumer Banking Group, ensuring efficient budget spend.
  • Supervise financial operations for Marketing's non-banking revenue work, including invoicing and receipts, to ensure accurate financial reporting.
  • Address and resolve Integrated Marketing Operations-related issues, maintaining high efficiency and effectiveness in marketing strategies
Reporting and Compliance:
  • Prepare and deliver regular or ad hoc Marketing reports, such as scorecard tracking, and budget tracking.
  • Ensure A&P budget management and Marketing's non-banking revenue financial operations comply with risk and compliance guidelines.
Requirements
  • Bachelor's degree in Finance or Business Administration preferred.
  • Minimum 8 years experience in marketing budget management or financial planning, with a strong preference for experience in the financial services or creative/media industry.
  • Demonstrated ability to negotiate with and manage multiple agencies.
  • Strong leadership skills, with the ability to supervise and mentor a small team.
  • Excellent communication, analytical, and strategic planning skills.
  • Proficiency in financial reporting and compliance with risk management practices.
  • Ability to work cross-functionally and collaborate with teams across different departments and regions.
Apply now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

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