Senior FP&A Analyst – Banking

Job Summary

The Senior FP&A Analyst will be responsible for financial planning, budgeting, forecasting, variance analysis, financial modelling, scenario analysis, and management reporting within the banking domain. The role involves managing driver-based budgeting and forecasting models, consolidating and validating P&L and Balance Sheet information, analyzing actuals against budgets and forecasts, and providing insights into key financial drivers. The analyst will also support stress testing and regulatory exercises such as ICAAP and ILAAP, assess capital and liquidity impacts, prepare governance and management reports, and ensure data integrity and consistency across financial models.

Key Responsibilities

• Manage driver-based budgeting models.

• Consolidate and validate P&L, Balance Sheet, and key financial ratios.

• Support business units with planning submissions and review packs.

• Execute cost allocation models and maintain allocation drivers.

• Perform Actual vs Budget and Actual vs Forecast variance analysis.

• Conduct Month-on-Month and Year-on-Year movement analysis.

• Perform cost-center level variance analysis.

• Analyze volume, rate, and mix variances.

• Prepare monthly rolling forecasts.

• Update financial outlook based on business performance, macroeconomic factors, and business inputs.

• Maintain driver-based and scenario-integrated forecasting models.

• Perform sensitivity and What-If analysis.

• Support ICAAP, ILAAP, and stress-testing exercises.

• Quantify capital and liquidity impacts.

• Prepare governance and committee packs.

• Produce segment and customer profitability reports.

• Prepare variance commentary and highlight key financial drivers and anomalies.

• Prepare Board and Executive Committee (ExCo) reporting packs.

• Identify risks and opportunities in financial plans.

• Validate data integrity and consistency across financial models.

• Perform model validation and reconciliation to minimize financial modelling risks.

Required Qualifications & Experience

• Minimum 15 years of regular, full-time education (10+2+3).

• 5–15 years of relevant professional experience.

• Chartered Accountant or Master's degree in Accounting, Finance, Economics, or a related field.

• Advanced FP&A experience, preferably within Banking.

• Strong understanding of Balance Sheet and capital metrics.

Required Skills

• Financial Modeling.

• Budgeting & Forecasting.

• Variance Analysis.

• Strong Accounting Knowledge.

• Data Analysis & Interpretation.

• Advanced Excel and financial modelling.

• Scenario Planning and What-If Analysis.

• Knowledge of stress-testing frameworks, preferably BoE scenarios.

• Understanding of ICAAP / ILAAP.

• Knowledge of banking financial metrics.

Preferred Skills

• FRM certification.

• IFRS 9 knowledge.

• Long-range planning and capital allocation.

• SQL and data extraction.

• Power BI / Tableau / dashboarding.

• Anaplan, SAP BPC, Hyperion, FCSS, or Oracle Fusion.

• Experience with planning and financial reporting tools.

Tools & Systems

• Anaplan.

• SAP BPC.

• Hyperion.

• FCSS.

• Oracle Fusion.

• Advanced Microsoft Excel.

• Power BI / Tableau.

Risks & Controls

• Model inaccuracies → Model validation and reconciliation.

• Data inconsistency → Cross-functional alignment checks.

• Regulatory non-compliance → ICAAP/ILAAP validation reviews.

Important Eligibility

• Ex-TCS employees cannot apply.

• PAN and DOB are required for profile creation.