Vice President- IT Financial Planning & Analysis (New York)

Prominent international investment bank seeks a VP in their FP&A department to focus on expense management and cost allocation around information technology.

This is a hybrid role, 2 or 3 days per week in office in midtown Manhattan

This is a newly created position due to organizational growth.

Responsibilities include:

• Support corporate financial planning and analysis activities for IT leadership, with a focus on expense management, cost transparency, and financial reporting.
• Contribute to the enhancement of budgeting, forecasting, and financial reporting processes to improve planning accuracy and operational efficiency.
• Oversee the administration of internal service agreements and intercompany cost-sharing arrangements, ensuring accurate allocation of expenses across business entities.
• Analyze cost distribution methodologies and financial models to validate allocation accuracy, maintain agreement documentation, and assess impacts on budgets and financial operations.
• Coordinate intercompany financial transactions and reconcile allocated expenses within internal financial systems to support accurate reporting and compliance.
• Develop and maintain recurring and ad hoc reporting solutions that provide visibility into IT spending, resource consumption, and internal cost recoveries.
• Refine chargeback methodologies and allocation models to improve data integrity, support automation, and strengthen alignment between financial plans, resource utilization, and forecasts.
• Partner with IT service owners and cross-functional stakeholders to establish service expectations, document performance standards, and ensure alignment with corporate policies and applicable regulatory requirements.
• Monitor service-level performance against established targets, identify gaps, and support remediation efforts to address operational and compliance-related issues.
• Facilitate the review and ongoing maintenance of service agreements, ensuring accurate documentation, timely updates, and effective resolution of allocation or service-related discrepancies.
• Support the development of financial reporting requirements and process improvements across the IT organization.
• Assist with operational coordination, system configuration, time reporting, and other activities that support the team's financial management objectives.

Qualified candidates must have IT specific FP&A experience in the financial services space.

Salary 150k-180k base plus bonus and great benefits