Head of Wholesale Finance Advisory & Transformation - Truist Financial Corporation : Job Details

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Leading the Finance Advisory team, this role will deliver mastery and execution for aspects across Strategic Finance for the Banking and Payments segment, including but not limited to balance sheet and capital optimization, expense management and profitability. This role will work closely with leaders, as well as aligned partners Strategy, Business Enablement, Client Profitability, and Finance. This role will advise executive leadership on significant changes, including equity, capital, cost allocations, revenue, Basel frameworks and interdependencies with other systems and reporting for the businesses within, including Corporate and Investment Banking, Commercial Banking, Commercial Real Estate, Wealth, Structured Products and Payments.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Lead strategy and execution for strategic finance, partnering closely with Corporate Strategic Finance on impacts to profitability related to financial methodologies.

2. Interpret methodologies to create a clear, common view of client and business profitability for businesses within CIB, Commercial Banking, Commercial Real Estate and Wealth.

3. Lead a team with expertise across the balance sheet (loans / investments / trading / deposits), capital and CCAR, profitability and expense management to provide reporting, analysis and insights to leaders and LoB finance.

4. Translate and summarize financial data into executive materials to drive tangible results tracked through KPIs and deliver against strategic financial objectives.

5. Evaluate performance relative to peers and industry standards.

6. Partner closely with Corporate Finance and LoB partners to ensure Truist methodologies are facilitating industry-leading, competitive pricing and profitability for all lines of business.

7. Collaborate and work across the Finance division to ensure integrity of the financials and ensures sound controls and procedures. Support reporting and analysis for additional constituencies, including Board of Directors, Investor Relations, and various regulatory agencies.

8. Partner closely with FP&A and LoB Finance through annual planning process, including rationalizing corporate Plan allocated to LOB and adjustments for organizational changes or reinvestments. This includes working closely with Executive Management and LOB Senior Leadership to develop the annual budget.

9. Serve as the segment primary point of coordination point between the Corporate Treasury and Corporate Strategic Finance department, Financial Executives and assigned LOBs to implement corporate directives into the financial plans. Work closely with Senior Leadership to ensure their agreement with, and incorporate their directives into, the division's overall financial plan.

10. Serve as the central point for CCAR for the segment, coordinating with the assigned LOBs for the Comprehensive Capital Analysis and Review (CCAR) and Stress Test data submissions and provide feedback to the LOBs on the data submitted.

11. Work closely with Senior Leadership to provide financial support and complete other assigned projects, as requested, on an independent level with minimal direction. Responsibilities may include preparation of presentations regarding new business or product initiatives, financial results of the LOB group, budget and corporate plan results, preparation and maintenance of various management reports, support and coordination of the strategic planning processes for the assigned LOB units, support and coordination of the annual IT Strategic Project process, coordination with Enterprise Support Services and IT in carrying out their responsibilities for assigned LOBs; financial analysis and operational support for merger and acquisition opportunities, and serve on special LOB projects as requested.

12. Support the quarterly issuance of the LOB Segment Reporting in the Press Release and regulatory filings (Annual 10-K and quarterly 10-Q's) through the gathering of reporting data from the assigned LOBs. Develop an error-free documentation trail to support the submission of the data and meet the various submission deadlines.

13. Work to create a positive team environment with an open communication culture. Delegate tasks and set deadlines as appropriate. Listen to team members' feedback and resolve any issues or conflicts. Encourage creativity. Suggest and organize team building activities.

14. Communicate effectively with all levels of the Corporation. Significant interaction with the CFO and executive team required.

QUALIFICATIONS

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. 12 or more years of experience at a leading financial institution in Finance, FP&A, Corporate Development, Corporate Strategy, Investment Banking, and/or Corporate Treasury.

2. Mastery of theoretical, practical accounting and finance concepts and techniques which impacts profitability (cash flow models, ROE, economic capital, funds transfer pricing, cost allocations, liquidity, stress testing/CCAR, etc.

3. Mastery of standard banking frameworks, such as Basel III

4. Ability to influence across a broad spectrum of partners and complexities, including senior executives at the highest level of the bank. Proven professionalism and credibility in the banking industry.

5. Outstanding strategic and tactical critical thinking skills: ability to synthesize complex information to communicate effectively with teammates at all levels. Ability to translate ambiguous concepts into concrete analytical and reporting deliverables with broad applications.

6. Experience implementing major strategic initiatives by articulating a vision, presenting facts and integrating change management capabilities and practices that enable the organization to achieve its objectives.

7. Ability to synthesize forward-looking trends and implications, creatively solve problems and approach situations with a fresh and well thought out perspective

8. Strong leadership skills; provide direction, lead courageously, influence others and foster teamwork, motivate, coach and develop others while championing change

9. Strong interpersonal skills and an ability to build relationships, display organizational savvy, leverage networks, and value diversity; drive cross-functional team spread across the enterprise

10. Executive level communication skills; ability to speak effectively, foster open communication, listen to others and deliver presentations, including persistence and ability to negotiate with and influence executive decisions.

Preferred Qualifications:

1. Master's degree in Finance/related field or equivalent education (including extended business leadership training, Banking School Graduate) and related experience.

2. Technical certifications (e.g. Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Financial Risk Manager (FRM))

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

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