Job Description
Company Intro
Booking Holdings (NASDAQ: BKNG) is the world's leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. For more information, visit BookingHoldings.com and follow us on X (formerly known as Twitter) @BookingHoldings.
Booking Holdings Financial Services (hereinafter “BHFS”) provides financial services in the form of payment services and e-money products across all the brands. BHFS is committed to conducting its business in compliance with applicable laws, regulations and guidelines, with integrity and to the highest ethical standards.
Job Summary
Partnering with the SVP Fintech and the other leadership team members, the CFO Fintech will be a critical player in bringing the company to its next phase of growth and transformation to include BHFS entities, BHI Fintech and Polaris. They will be a key member of the BHI Fintech leadership team, delivering a transformational agenda including meeting challenging operational and financial objectives, as well as supporting strategic programs across the Group. Moreover, the CFO Fintech will interact frequently with the Booking Holdings CFO, Booking Holdings Finance Leadership Team, Board of Directors, Audit Committee, Brands Leaders/CFOs, and numerous external constituencies to help communicate the plan and progress against key strategic objectives for all companies.
Key Relationships
Reports to: SVP of Fintech
Member of the Board of BHFS Ltd.
Member of the Board of BHFS International Ltd - PCF role
Direct reports: Global team of country CFO’s have a dotted reporting line to this role as well as a combination of matrix reporting across the following functions:
Treasury, & Financial Services
Tax
Risk & Control
Order to cash
Accounting
Financial Systems
Financial Planning & Analysis
Strategic Relationship Management
Other Key Relationships
BKNG Fintech Leadership Team
Board of Directors, Booking Holdings Financial Services entities
Close relationship with BHI Group CFO and BCom CFO to ensure functional and commercial alignment.
Executive Leadership Teams other Booking Holdings Brands
Booking Holdings Finance leadership
External constituencies
Strategic Partner to CRO and CCO at executive level
Key Responsibilities
As the leader of this critical function you will:
Work with the leadership team of BKNG Fintech and CFO’S of our brands and Booking Holdings CFO; to bring financial and strategic solutions; drive BHFS's short-term and long-term goals. Be the guardian of the BKNG Fintech P&L and support the various Product/Commercial teams to continue to drive greater value for the group.
Serve as both a financial and strategic business advisor to the BHFS Global CEO as well as other members of the leadership team. Contribute actively to the evolution and execution of the organization's strategic and operational business plans.
Set regulatory finance strategy across Ireland (CBI), UK (FCA), and US (state regulators)
Ensure consistent approach to regulatory compliance while respecting jurisdictional differences
Provide oversight of local CFO relationships with regulators and escape material regulatory issues to SVP Fintech and General Counsel
Coordinate group-wide responses to cross-jurisdictional regulatory matters
Review and approve all material regulatory submissions before filing
Sign off on consolidated regulatory reports where required
Act as escalation point for regulatory inquiries or enforcement actions
Ensure the timely delivery of accurate results and communicate results to Booking Holdings.
Oversee and administer the full spectrum of BHFS's finance and accountingfunctions, including accounting/control, financial planning, tax, risk, treasury, and finance IT/technology. Direct the selection, hiring, training and development of all personnel in these functions.
Drive continuous improvement and maturation of the finance organization. Lead finance at BHFS to world class standards for both operational financeactivities and business partnering.
Ensure that the company has the appropriate financial controls, policies, procedures, and systems in place to support its regulated requirements and continued growth.
Drive the performance of the business and lead the finance team in continuously improving the quality of financial information and analysis necessary to maintain growth and improve operational efficiency.
Direct financial planning and analysis, including the further development of
Management information to assist the , leadership team and BHFS in the ongoing management of operations. In addition, the CFO will be responsible for the financial modeling of prospective and new business initiatives, a critical element in the company's overall strategic, operating, and capital planning.
Monitor trends to identify risks and opportunities across key revenue and expense categories. Establish benchmarks and scorecards to assist leadership in managing the fiscal discipline of their functions.
Ensure all company accounting practices adhere to GAAP and are in compliance with all regulatory reporting requirements; interpret and communicate the impact of all new accounting pronouncements. This full range of activities including precise compliance with Sarbanes‑Oxley 404 and other public listing requirements.
Oversee the value added treasury services in areas such as global cash management, financial strategy, foreign exchange and interest rate hedging, risk management and insurance to the business units and corporate functional group. Group treasury functions and associated relationships with banks are centralised under the Group Treasurer in BHI. The BHFS CFO will coordinate with this centralised function in order to facilitate fintech product development and the cash management needs of BHFS entities.
Define and implement industry best practices across finance to continually improve effectiveness and efficiency.
Desired Outcomes
Partner with the and be a critical player in driving the evolution of thecompany’s business model and generating returns to shareholders.
Help optimize the many new business opportunities for BHI Fintech, BHFS and Polaris with a continuous focus on improving profitability, managing costs, creating efficiencies and mitigating risk for the company.
Work with Booking Holdings and the other Booking Holdings Brands on the design and buildup of Booking Holdings Financial Services, the largest travel payments network in the world.
Ideal Experience
This position requires a seasoned Executive with prior finance experience in regulated and unregulated businesses. Impeccable strategic and analytical skills, and strong leadership traits. The ideal CFO candidate will be intellectually curious, highly collaborative, and a contributing force as the company transitions into a multi product line payments and travel leader.
The candidate is a strong communicator and a strong leader of a sizable organization. The candidate will handle challenging situations in a professional and balanced manner and will serve as a mentor, leader and partner across the organization. The candidate will be experienced and comfortable operating in a “dotted line” matrixed reporting model and will know how to leverage this structure.
15+ years of senior level finance leadership experience
Diverse and progressive finance experience preferred. Strong academic credentials, including a finance, accounting or other relevant degree; an accounting qualification and/or MBA are desirable.
Experience as a CFO of a large company.
Experience in leading the overall control environment for a large division
Relevant sector experience
Experience in technology, eCommerce or Internet and/or with rapidly growing global businesses will be a strong plus.
Leadership of a globally dispersed finance team
Experience leading teams that are dispersed across global locations and cultures, conducting business in different markets and currencies.
Experience in a matrix organization and/or in an organization with the typical global, regional and local complexities
Has experienced large transformational finance projects.
International experience with a global company
Understanding of regulations, risks, and doing business in a global environment
Other Personal Characteristics
Able to function in a fast-moving entrepreneurial environment
Humble yet confident, with high self-awareness
A strategic thinker yet focused on execution; able to roll up their sleeves to get things done
Self-starter with high energy and drive; fast-paced and results-driven;forward-thinking
Experimental, ready to learn and open to change
Keep the customer at the centre of everything you do
Data-driven
Good cultural and organizational sensitivity
Committed to building a diverse, inclusive work environment
Clear, logical and strong communicator
Critical Leadership Capabilities
Strategic Thinking- Operating in a fiercely competitive, fast-moving industry, BHFS has rapidly transitioned from start-up to a maturing organization. Accordingly the CFO will need to enhance the strategic planning and decision-making capabilities of the organization by:
Translating broad corporate strategies into clear, specific objectives and plans for units and individuals.
Creating plans that address specific segments or contrast the local market with other locations or segments.
Thinking several years ahead.
Leading People
In the context of a business where growth will increase the speed and complexity of operating decisions, the CFO will secure and lead a world-class financial organization that can deliver value and protect the company under these conditions. The CFO will:
Strengthen the finance team, instilling a focus on rigorous financial discipline and fostering a business...