Financial Control
Financial control units are responsible for corporate planning and serve as internal accounting units responsible for the economic analysis and reporting of business activities. At BLB financial controlling is in close contact with the risk department as well as the business segments and typically reports to the management board. You can find a list of the tasks of financial control at BLB, which I am heading since early 2015, below:
- Corporate planning:
Financial control at BLB is responsible for developing the top-down/bottom-up business plan and preparing it for approval by the banks management board. The mid-term business plan of BLB as well as the capital plan is developed in close cooperation with the risk department.
- Financial analysis and strategic topics:
A major part of the work of financial control is the analysis of the impact of new business developments (market or regulatory) and suggesting options for the banks management to respond to these developments.
- Contribution margin accounting:
Financial control functions as an internal accounting unit for the supervision of costs and earnings from BLB's business as well as administration units.
- Cost accounting and optimization:
Together with the operations department the banks cost situation is supervised and cost discipline is upheld.
- Sales reporting:
Sales activities are analyzed and reported to the top management as well as the managers of the supervised business units.
- Projects:
Financial control is regularly involved in a number of projects. For details please see the summary of my project management activities.
Publications:
- The Future of Controlling:
Article on the state and possible future direction of financial controlling, which has been written together with the consulting company zeb and has been published on their banking hub (in german).
