The Role Responsibilities
Strategy
· Support the development of strategic plans and sustainable saves initiatives including benefits quantification, assessment of impact to P&L, ensuring sufficient detail to enable effective benefits tracking and realization.
· Build the financial narrative relating to productivity gains and benefits realization of cost initiatives and input into senior management reports.
· Share best practice on cost control and provide added support across finance activities relating to cost management and optimization of the Functions and TTO cost base.
· Improved data capture in the system of reference to deliver increased transparency at a group level, on the cost portfolio and related benefits realization.
· Partner and collaborate with the finance functions to align and interlock productivity benefits in segment/business financial performance. Ensure that cost saves are adequately embedded in the Corporate Plan and in line with the Group’s overall cost agenda.
· Identify and leverage technology solutions that can enhance the efficiency and effectiveness of the sustainable saves tracking process with the right blend of controls and optimized workflows.
Business
· Drive consistent and standardized cost and headcount tracking across the functional groups to ensure cost transparency.
· Collaborate with finance and COO organisation across the TTO and Functions domains in defining the validation process and associated RACI which ensures integrity of reported saves in-line with actual cost performance of the functions.
· Work in close collaboration with the finance and COO teams to build out cost analytics capabilities as part of overall management of the cost portfolio.
· Provide insightful analysis of cost opportunities, highlighting trends, outliers and areas of optimization.
Processes
· Implement high-quality dashboards and analytics tool to provide a holistic view of enterprise-wide sustainable saves, facilitating strategic decision-making.
· Establish documentation standards for cost saving initiatives, including supporting evidence, assumptions and methodology.
· Ensure compliance with accounting standards, regulatory requirements and management reporting and policies.
· Ensure both cost savings and investment are properly and consistently accounted for across the bank.
· Support the setup of a standardized, strategic, and scalable performance information management system to deliver timely, quality MIS and analytics to support the cost transformation agenda. Implement a reporting cadence and format for regular updates to senior management.
People & Talent
· Lead by example, develop and embed a high-performance culture with specific focus on capability, effectiveness, and productivity.
· Foster a culture of collaboration and a mindset of change and growth
Risk Management
· Ability to interpret the firm’s financial information, identify key issues based on this information and put in place appropriate controls and measures.
· Ensure compliance with Group Accounting Principles and practices, Financial Control policy, and other regulatory accounting guidelines.
Governance
· Have an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Regulatory & Business Conduct
· Display exemplary conduct and live by the Group’s Values and Code of Conduct.
· Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
· CFO, TTO and Functions
· Head of FP&A, TTO and Functions
· CFOs of respective Functions
· COO and Heads of respective Functions
· Group FP&A
Our Ideal Candidate
· University educated
· Qualified Accountant i.e. CPA, CMA, ACCA.
· Finance experience of 14+ years, with specialization in Cost Analytics / FP&A.
· Prior experience in financial services is preferred, open to looking at COOs/BPMs type profile as long as they have been focused on costs and performance management.
Role Specific Technical Competencies
· Finance experience with specialization in Cost Analytics / FP&A.
· Proven track record in delivering cost efficiencies and productivity.
· Senior stakeholder experience in a global, highly matrix organization, preferably Banking.
· Strong familiarity with the bank’s financial systems and control frameworks, knowledge of cost recharge frameworks and familiarity with unit pricing models.
· Exceptional analytical skills, using advanced quantitative techniques and modelling tools, with ability to conceptualize and develop proof of concept frameworks, scenario analysis and business cases.
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
· Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
· Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
· Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
· Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
· Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
· Flexible working options based around home and office locations, with flexible working patterns
· Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
· A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
· Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
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