Manager, Cost Control & Management COE-2400002038

Role Responsibilities 

The Manager, Cost Control & Management Centre of Excellence (COE) is part Group Enablement Services (GES) at Standard Chartered GBS. The role will enable COOs / function heads with data and analysis support to understand, assess, verify, and challenge investment, portfolio, and expense related aspects

Responsibilities

• Recommending changes to investment strategies based on an assessment of investment portfolio performance, risk tolerance, and other considerations
• Responsible for analyzing investments and the key performance metrics on a periodic basis
• Develop and present detailed reports on delivery performance, highlighting key areas for improvement and tracking progress over time
• Using statistical tools to identify, analyze, and interpret patterns and trends in complex data sets for diagnosis and prediction. Build comprehensive reports and analysis to track speed and cost of delivery
• Foster a culture of continuous improvement by regularly reviewing and supporting enterprise change management and design excellence in improving execution certainty of change delivery
• Consolidating and analyzing financial data (budgets, income statement forecasts), taking into account company’s goals and financial objectives
• Perform cost driver analysis and provide creative alternatives / recommendations to reduce costs and improve financial performance
• Assembling and summarizing data to structure sophisticated reports on financial status and risks
• Develop financial models, conduct benchmarking and process analysis. Conduct business studies on past, future, and comparative performance and develop forecast models
• Build benefit tracking mechanism to effectively track impact of the proposed measures
• Conduct thorough analysis of internal metrics and objectives to develop a future fit strategy.
• Troubleshoot current issues and implement solutions post a thorough analysis of industry best practices and help establish proper objectives and goals (e.g., available through industry reports)
• Bring inside-out and outside-in perspective and propose development of coherent plans of action (jointly with stakeholders)
• Influence business in effective decision making, adapt to changing conditions that impact goals by identifying by enabling businesses solve problems, improve business performance, create value, and maximize ROI/RoTE
• A day in Cost Control & Management COE will involve performing:
• Data analysis: Prepare customized reports for the management stating trends, patterns, and predictions using relevant data
• Dashboard development: Create visualizations such as dashboards that stakeholders can use to track progress toward goals
• Cost Analysis and Transparency: Perform cost driver analysis and actionable insights, ensure accurate cost allocation and regular reporting / tracking, analyse and provide clarity on cost service charges from supporting functions (e.g., legal, compliance, credit), provide clarity on contra revenue items
• Cost Optimization and Benchmarking: Develop cost optimization plans with execution focus, benchmarking cost of doing business across industry peers, sharing ideas and best practices across products, deep dives into significant cost category for potential cost savings
• Budget / Forecast Tracking & Planning: Financial planning and forecasting, drive accurate cost budget setting, establish effective forecasting mechanism, track cost against budget and forecast, understand drivers for overrun and flag thematic issues

Skills and Requirements:

• Looking for a candidate with 7+ years of relevant experience in investment banking / financial analysis / strategy consulting / GBS advisory
• Proven knowledge of financial modelling / forecasting and diagnosis, corporate finance and information analysis. Hands on experience with statistical analysis an advantage
• Highly Proficient in Excel, Power query with experience and knowledge on data models and data architecture
• Have a good understanding of the change management tools and data
• Proficient in spreadsheets, databases, MS Office and financial software applications
• A strategic thinker, entrepreneurial, able to work creatively and analytically in a problem-solving environment
• Flexible and creative: ability to propose innovative ideas, build empathy within the firm and win the trust of the clients
• Outstanding analytical and conceptual skills, stakeholder orientation, mental agility, and outcome driven
• Excellent communication, presentation, reporting and documentation skills
• Ability to work collaboratively in a team and create an inclusive environment with people at all levels of an organization
• Stakeholder management skills and project management skills
• Proven influencing and perseverance skills to tailor recommendation to the needs of stakeholders and effectively engage them to obtain commitment and drive impact
• Strong problem-solving skills and ability to proactively identify opportunities and drive results

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

Internal stakeholders

Other Responsibilities