Finance Director - Banking Sector
We are seeking a hands-on Finance Director for an Austrian bank, offering a broad range of retail, commercial and corporate banking services as part of an international financial services group.
Working directly with and reporting to the Management Board, the Finance Director will provide independent financial oversight and clear analysis to support the bank’s commercial and strategic decisions.
The successful candidate will bring deep expertise in banking finance and the credibility to work effectively with senior stakeholders, auditors and supervisory authorities. They will maintain a hands‑on approach while strengthening financial reporting, controls and planning, and enhancing Finance’s contribution to capital and balance sheet management.
Key Responsibilities
Finance Leadership and Governance
- Lead Accounting, Regulatory Reporting and Financial Control as an integrated function, with clear accountability and effective coordination.
- Provide independent financial advice to the Management Board and challenge commercial assumptions with evidence and sound judgement.
- Maintain segregation of duties, documented policies and effective financial controls, escalating material issues promptly.
Accounting and Financial Reporting
- Oversee financial closing, general ledger integrity, reconciliations and the preparation of statutory financial statements.
- Ensure adherence to Austrian UGB and BWG requirements and applicable IFRS requirements for Group reporting.
- Oversee provisioning, valuations, income recognition and other significant accounting judgements with Risk and relevant specialists.
- Coordinate external audits and tax compliance with local experts and advisers, resolving findings within agreed deadlines.
Regulatory Reporting and Supervisory Engagement
- Ensure accurate and timely financial and prudential returns within Finance’s remit, including applicable FINREP, COREP and national reporting.
- Reconcile accounting records, management information and regulatory data, maintaining clear ownership and supporting documentation.
- Coordinate finance responses to supervisory requests and examinations, engaging with the FMA and OeNB as appropriate.
- Translate regulatory developments into practical reporting and control improvements in cooperation with Risk and Compliance.
Financial Planning and Business Performance
- Lead budgeting, forecasting and management reporting, explaining financial performance, deviations and required actions.
- Analyse profitability by business line, product and customer, considering funding costs, credit costs and capital consumption.
- Evaluate business cases, digital investment and operating-model changes to support sustainable returns and cost discipline.
- Provide the Management Board and Group Finance with clear reporting on earnings, costs, margins and balance sheet movements.
Capital Liquidity and Balance Sheet Management
- Partner with Risk and Treasury on capital planning, liquidity forecasts, balance sheet scenarios and asset and liability management.
- Provide financial inputs to capital and liquidity adequacy assessments, stress testing and relevant management committees.
- Assess the financial implications of concentration limits, country exposures and cross-border activity, respecting Risk and Treasury accountabilities.
Product Control and Transaction Integrity
- Maintain financial controls over corporate lending, trade and commodity finance, deposits, treasury transactions and relevant private banking products.
- Ensure appropriate transaction accounting, fee accruals, valuations and reconciliations across relevant products.
- Work with Credit, Risk and Operations on the financial implications of credit quality, collateral and transaction risks.
Finance Systems and Process Improvement
- Improve finance data quality, reporting automation and systems integration with Technology and Operations.
- Reduce manual dependencies and strengthen reconciliations, documentation and reporting consistency.
- Deliver prioritised improvements while maintaining continuity of closing and regulatory reporting.
Team and Stakeholder Management
- Lead and develop department managers and their teams, combining clear expectations with respect for established expertise.
- Build succession, strengthen technical capability and maintain effective communication across the finance organisation.
- Develop constructive relationships with the Management Board, Group Finance, business leaders, control functions and external stakeholders.
Experience and Qualifications
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration or a related discipline; a relevant postgraduate or professional qualification is advantageous.
- 15 or more years of experience, including relevant leadership responsibilities in the banking sector
- Demonstrated capability across Accounting, Regulatory Reporting and Financial Control, with accountability for reporting quality and financial controls.
- Strong knowledge of bank accounting and IFRS.
- Austrian UGB and BWG expertise or knowledge of other European standards is a plus.
- Sound understanding of capital adequacy, liquidity, risk-weighted assets and balance sheet management; familiarity with EU prudential frameworks is advantageous.
- Experience engaging with supervisory authorities, external auditors or central banks, and presenting complex financial matters to senior management.
- Understanding of corporate lending, deposits and treasury products; trade finance or commodity finance experience is particularly valuable.
- Track record of improving finance processes, reporting systems or data quality.
- Experience in international or cross-border banking is preferred.
- Fluent in written and spoken English. German knowledge is an advantage
- Commitment to working in Vienna.
Leadership Competencies
- Strategic perspective combined with hands‑on technical engagement.
- Independent judgement, professional integrity and the confidence to challenge constructively.
- Credibility and clear communication with the Management Board and supervisory stakeholders.
- Commercial awareness balanced with rigorous reporting and control discipline.
- Pragmatic, collaborative leadership that develops and empowers experienced specialists.
- Ability to lead change while maintaining operational continuity.
- Cultural adaptability and effective relationship building in an international environment.
- Resilience, accountability and the ability to prioritise under pressure
This job description is intended to provide a general overview of the position and its responsibilities. It is not an exhaustive list, and other duties may be assigned as needed to meet the company’s objectives.