Senior FP&A Analyst – Banking

Location: Noida
Experience: 5–15 Years

Job Description

We are looking for an experienced Senior FP&A Analyst – Banking with strong expertise in Financial Planning & Analysis, financial modelling, budgeting, forecasting, variance analysis, and banking financial metrics. The ideal candidate should have strong accounting knowledge and experience working with P&L, Balance Sheet, capital, liquidity, planning models, and financial reporting.

Key Responsibilities

Planning & Budgeting

• Manage and maintain driver-based budgeting models.

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

• Support business units in preparing budgets, forecasts, review packs, and financial plans.

• Execute and maintain cost allocation models and allocation drivers.

• Support long-range planning and capital allocation activities.

Forecasting & Financial Modelling

• Prepare and maintain monthly rolling forecasts.

• Develop and update driver-based and scenario-integrated forecasting models.

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

• Perform advanced financial modelling, including scenario modelling and sensitivity analysis.

Variance Analysis

• Perform Actual vs Budget and Actual vs Forecast analysis.

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

• Analyze cost center-level variances and identify key financial drivers.

• Perform volume, rate, and mix analysis.

• Prepare clear variance commentary and highlight anomalies, risks, and opportunities.

Scenario Analysis & Stress Testing

• Perform what-if and sensitivity analysis for key banking metrics such as NIM, impairments, costs, capital, and liquidity.

• Support regulatory exercises including ICAAP, ILAAP, and stress testing scenarios.

• Assess and quantify capital and liquidity impacts.

• Support the preparation of governance and committee review packs.

Governance, Reporting & Controls

• Prepare segment and customer profitability reports.

• Develop financial reports, dashboards, Board packs, and Executive Committee packs.

• Ensure data integrity, consistency, and reconciliation across financial models.

• Identify risks and opportunities within financial plans.

• Support model validation, reconciliation, and cross-functional alignment checks.

• Ensure compliance with relevant accounting, regulatory, and internal control requirements.

Required Skills

• Strong experience in FP&A, Financial Modelling, Budgeting, and Forecasting.

• Advanced knowledge of Variance Analysis and Data Analysis & Interpretation.

• Strong accounting and financial reporting knowledge.

• Good understanding of P&L, Balance Sheet, Capital, and Liquidity metrics.

• Experience with driver-based planning and scenario modelling.

• Strong knowledge of banking and financial services domain.

• Advanced proficiency in MS Excel, including financial modelling and complex data analysis.

• Experience with planning tools such as Anaplan, SAP BPC, Hyperion, FCSS, or Oracle Fusion.

• Experience with BI and dashboarding tools such as Power BI or Tableau.

• Knowledge of SQL and data extraction is desirable.

• Strong analytical, problem-solving, communication, and stakeholder management skills.

Preferred Qualifications & Certifications

• Financial Risk Management (FRM®) certification preferred.

• Knowledge of IFRS 9 preferred.

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

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

Good to Have

• Banking FP&A experience.

• Scenario planning and what-if analysis.

• Long-range planning and capital allocation experience.

• Knowledge of stress testing frameworks, preferably Bank of England scenarios.

• Experience with ICAAP / ILAAP processes.

• Knowledge of SQL, Power BI, Tableau, and advanced planning tools.

Important Note

• Ex-TCS employees are not eligible to apply.

• PAN and Date of Birth are mandatory for profile creation.