Manager, Group IT Finance

1 week ago

Kuala Lumpur, Kuala Lumpur, Malaysia Hong Leong Bank Full time
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Overview


The primary role of Business Finance is to ensure appropriate and independent governance and control of individual business line finance functions in order to align with the Bank's overall objectives.

Business Finance will achieve this by leveraging the Finance Division's expertise across the businesses and ensuring that Finance is a strategic partner to the business line.

Also, to provide sound advice and support as a business partner in the areas of financial planning, control and business performance management to the Chief Information Technology Officer (CITO) and responsible for the preparation of accurate financial and management reports including comprehensive analysis of business performance and cost management.


Accounting Procedures & Financial Control- Ensure compliance to accounting standards and bank's policy- Ensure the accuracy and integrity of the General Ledger Accounts under Group IT's cost centres.- To review and/or prepare journals relating to accruals/cost under Group IT's cost centres- To assist in reconciliation of general ledger and quarterly Group finance reconciliations exercise for accounts under the purview of Group IT Finance- Review existing all financial processes and encourage the implementation of continuous improvement- Assist in ensuring compliance to accounting standards and ensuring the accuracy and integrity of the General Ledger Accounts under Group IT's cost centres.

- It will includes working with auditors during their half/annual review

Budgeting & Forecasting:

  • Full year budget and assist with projections of quarterly forecast on Group IT Division's Capex and Opex.
  • Preparation of cost allocation and guidance on Group IT related charges to be used during the budget process.
  • Strategize financial planning according to business plans and approved budget
  • Assist to review and compile Bankwide IT & Operations Budgets (Opex and Capex), including HLISB and overseas operations.
  • Assist to review & tracking of all IT related Opex to ensure all expenditures are spent within budget.
  • Assist with projections of quarterly forecast and full year budget on GOT Division's Capex and Opex & QSBM reporting.

Capex, Expenses Management & Cost Allocation:

  • Review Capex and Opex request from the department.
  • Responsible to ensure the accuracy and timelines of the monthly IT Opex accrual.
  • Perform financial and variance analysis on operational results to provide information and recommendation to management
  • Assist in formulating the proper cost allocation methodology among BUs and cost recharge basis for other related companies within the Group to ensure equitable apportionment of costs to business.
  • Assist to validate the IT vendors' financial before presenting to the Tender Review Committee and management team.
  • Assist to review with business head on key drivers of Group IT Division including cost management matters and post CER review on major IT projects.
  • Assist the business with the identification of cost saving opportunities including coming up with SCM cost savings initiatives for Bankwide IT expenditures.
  • Responsible to track and to ensure accurate accrual is maintained in the GL at all time.

Reporting & Collaboration:

  • Responsible for accuracy and timely reporting of all financials for Group IT Division on monthly basis and to provide any other timely information to management.
  • Assist to perform competitive analysis on KPIs and benchmarks on IT Expenditures (Capex and Opex) based on available industry / market data.
  • Work with CITO to continue finetuning the definition of RTB/CTB expenditures for internal management reporting and analysis.
  • Problem solving for Finance Related Issues and Ad Hoc requests coming from Group IT Division.
  • Collaborate and coordinate with related parties in solving issues in Finance department.
  • Support BUs to drive cost saving initiatives by providing financial advice and knowledge
Education/QualificationExperience- At least 5 years of working experience in the related field is required for this position.

  • About Hong Leong Bank_
  • We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a DigitalattheCore ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China._

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