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CIB F&BM North America Fund Services Costing and Demand Management - Business Manager - Associate

Req #: 180004685
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

The Corporate & Investment Bank (CIB) Finance and Business Management (F&BM) group provides financial advice to support the CIB’s business strategy and helps to ensure a sound control environment. Within F&BM, the four major areas of responsibility are: Business-aligned BMs (Business Managers), the CIB Controller, Support Staff CFO, and Planning and Analysis.

The Corporate & Investment Bank (CIB) CAO Finance Unit Costing Team provides Management accounting expense analysis in order to support the Corporate and Investment Bank business strategy.

The Demand Management team lead unit costing analysis and maintain updates to deal costing tools to support the business areas within Global Funds Services.

This role will report to the WHEM lead of the CIB Global Demand Management team. The team works closely across the organization with Product Management, Deal Pricing, Finance, Operations Management, Client Relationship and Management/Sales.

The role is responsible for the WHEM Demand Management function across Global Fund Services products providing cost analysis and tools to support client, product and new business assessment and reporting. 

This role will require the balancing of regional and global requirements to achieve business goals.

Assessment of the FTE and costs required to support existing and potential Fund Accounting clients
  • Analysing client/product deal data to capture relevant portfolio details and service requirements.
  • Using and understanding a bespoke ‘Cost to Serve’ model to determine estimated headcount and expense required to support the client.
  • Liaising with partners in Operations, Pricing and Product to capture input data and ratify/approve model output
  • Track and report deal progress
  • Develop and expand reporting capabilities in line with changes to the operating model, and evolving needs of the business.
  • Support the annual Deal Pricing refresh which calculates and refines the unit rates that are used to apply Technology and Operations production expense to sub-products and clients as part of global costing exercises.
  • Participate in strategic Projects, including implementation across new services/sub-products, new business reporting and reporting tools (e.g., Wholesale Client Profitability (WCP), RAMPs and SAS CPM –costing tool) and wider analysis.
  • Use data and modelling output to provide succinct and meaningful reporting to Business Managers with respect to key driver trends and the assessment of the impact of key business changes.

  • 4+ years’ experience in Finance and/or Global Fund Services
  • Sound knowledge of the securities industry
  • Strong communication skills, both oral and written
  • Proven track record in process improvement/change management and leadership displaying influencing skills
  • Securities Industry or Finance related qualifications beneficial
  • Project Mgmt  and Business Mgmt skillsets beneficial
  • Assume accountability through willingness to take ownership and responsibility to accomplish goals.
  • Leadership qualities with the ability to use appropriate methods and a flexible interpersonal style to motivate and build relationships across teams; facilitating the completion of business goals
  • Sound securities industry knowledge, including Funds Services knowledge
  • Possess strong analytical skills with the ability to research issues/problems & focuses on a ‘solution-based’ approach to their work environment
  • Strong communication and influencing skills with the ability to deal with people at all levels
  • Work in a controlled and organised manner, paying attention to detail
  • Self starter with a positive approach to change. Flexibility to respond to changing demands and short notice requests
  • Effective planning and time management skills to meet strict deadlines
  • Applicants should be competent users of MS Excel, Word and Powerpoint.  MS Access experience beneficial but not essential.

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