Job Description

Position Title

Department Finance - Consumer Bank


Location Goregaon, Mumbai


Number of Positions Upto 2


Reporting Relationships Sr. Vice President, Finance - Consumer Bank


Position Grade DVP / AVP / Senior Manager



It is an exciting time to be in Consumer Bank. It is the epicenter of the growth strategy of our Bank. Having already re-organized itself into products, proposition and distribution structure, Consumer Bank is at the forefront of STARTUP strategy of the firm, where several initiatives on omnichannel distribution, unique propositions (Solitaire, NR etc.) and several speed simplicity and transparency initiatives have come to life.



It is the largest lever to 'transforming for scale' since it represents close to 75% of its deposits, 50% of advances and a 50k+ workforce. This business franchise is spread across 2 cr+ customers who have availed a variety of products & offerings including Deposits, Group products, Mortgage (HF & LAP), Business Banking (Working capital & business loans), Credit cards, Personal Loans etc and a distribution franchise of 2000+ branches & 3000+ ATMs.



This role presents an excellent opportunity to not just learn retail banking business model, from a financial lens, but also to contribute in the path to its transformation.





This role is under finance team with P&L responsibilities and partnering with business to enable and facilitate financial optimization



Preparation of Business P&L Monitoring of revenues and costs
+ Assurance on our interest rate yields, transfer price, spreads, fee are in line with business
+ Assurance on our costs being are at or below budget - tight monitoring and prevent potential excess / leakage
Variance analysis on the P&L in context of underlying operating drivers Developing granularity - slice dice and dissection of revenues and costs Track KPIs for the business - time-series and vs. budgets Be a P&L partner to business and facilitate P&L improvement




Experience: 4 - 5 years. Can consider lesser, if you demonstrate hunger to learn fast Academics: Preferably CA or PG / Graduates of commerce * Other aspects: Passion for numbers, eye for detail, hunger to learn and an Excel-Ninja