Job Description
GRG's prime purpose is to actively manage the Bank's troubled lending portfolio- The Department seeks to add value to exposure management with the aim to: - · return accounts to the originating Group Business Unit / Subsidiary in a "satisfactory" condition; maximise debt recoveries; and
- · obtain levels of reward commensurate with risks undertaken-
GRG has had a record unprecedented 24 months, with: - · the size of the portfolio more than doubling;
- · staff numbers increasing from 300 to 1100;
- · several new offices established around the world; and
- · several significant restructuring projects delivered-
Requirements
The role reports into the CFO, GRG and will be responsible for heading up a team 5- Due to the rapid increase in the size of the GRG portfolio, there has been a strong focus on the Management Information produced, from various stakeholders across the bank including key executives- The team are responsible for providing management information, detailed portfolio information, forecasts and budgets as well as non standard financial information - In addition, the team are responsible for working with the business on setting and achieving financial parameters which are key to achieving our financial goals-
Responsibilities
Responsibilities of the team include the following; · Provide MI, forecasts and Board packs to the key stakeholders · Ensure the books and records reflect the true income, costs, assets and liabilities of running the function which includes a strong cost control ethos- · Collaborating closely with members of the wider team and the wider bank to ensure MI is captured correctly across the globe, providing information on GRG to the other divisions as well as collaborating to ensure processes are efficient and best practice is adopted- · Constructively challenging the function in relation to costs, headcount levels Vs Budget, business plans and growth: · Construct and report KPI's around cost behaviours of the function measuring their performance against agreed and challenging targets · MI and provision and loss data reporting around the UK Divestments branch · Lead the Decision Support team, manage/ motivate the team and identify individual/ team development needs · Responsibility for all the GRG reported MI across the bank · Act as a business partner for the Heads of the Businesses and provide the relevant MI to help them manage their businesses · Provide added value information to the divisions around forecasts on the portfolio, income costs and provisions- · Provide input into the assessment of various restructuring options · Drive forward and deliver core month-end deliverables · Actively develop a culture of continuous improvement- Proactively review processes, procedures and requirements on a regular basis, identify areas of improvement and actively drive through the necessary changes · Build relationships and act as a point of contact for relevant senior stakeholders within the bank Ensure compliance with RBSG policies and escalate any areas of non compliance or concern to line management-
The Individual
- · Qualified ACCA/ACA/CIMA
· Working at a senior level within a Financial services organisation - · Strong Decision Support and Business Partnering experience
- · Strong analytical skills
- · Strong commercial awareness
- · Attention to detail and accuracy is essential
- · Experience of multiple stake holder management
- · Experience of driving process improvement
- · Strong PC skills- in particular Excel
- · Strong process and systems skills and understanding
For additional information on this role click here
Head+of+Decision+Support+Global+Restructuring+Group_Aug2011-doc
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