Strategy:
- Oversee and provide ongoing management direction for all processes and activities related to Cost Analytics.
- Drive SCB's cost and competitive analytics, including benchmarking efforts and market intelligence.
- Develop forward-looking projections to compare SCB's performance against peers, incorporating industry trends.
- Partner with Global Process Managers and leaders to design and implement standard global processes for cost management.
- Track implementation effectiveness and identify gaps in cost management processes.
- Lead the team to develop a strategic roadmap for the Cost CoE, focusing on capabilities like modeling, efficiency tracking, business partnering, and end-to-end cost visibility.
Business:
- Engage senior stakeholders and CFOs to align on improvements/enhancements in cost management processes.
- Identify pain areas in cost management and recommend solutions to improve efficiency and effectiveness, including technology-related aspects.
- Ensure agreements and targets are met/exceeded, fostering a culture of continuous process and efficiency improvement.
- Deliver on annual productivity and cost savings targets.
- Explore opportunities for cost migration, building cases for end-to-end migration across countries.
- Collaborate with business and country CFOs to drive cost savings and efficiency.
- Contribute to the strategic development of the center and support the GFS collective agenda.
Processes:
- Work with HR to enhance talent and skill sets for the growing complexity of finance functions.
- Attract and retain the right talent for key roles, focusing on effective attrition management.
- Create forums for employee engagement and encourage creativity, learning, and development, while improving work-life balance.
- Contribute to the transformational agenda by supporting strategic goals, building consensus, and driving objectives.
- Participate in and support all global initiatives as required.
Risk Management:
- Manage risk by ensuring cost management processes adhere to best practices and regulatory requirements.
- Implement and track the effectiveness of risk management strategies related to cost performance and financial analysis.
Governance:
- Ensure compliance with internal and external governance standards, ensuring cost management practices align with regulatory requirements and industry benchmarks.
Regulatory & Business Conduct:
- Display exemplary conduct in line with the Group's Values and Code of Conduct.
- Foster a culture of compliance and ethical behavior across cost management processes.
- Effectively collaborate with senior leadership to identify, escalate, and mitigate risk and compliance matters.
Key Stakeholders:
- Internal:
- Senior Management, Global Process Managers, and Leaders
- Country CFOs
- HR teams (for talent development)
- Business and Finance leaders
- External:
- Market research and benchmarking firms
Other Responsibilities:
- Actively contribute to the strategic and consensus-building efforts within the organization.
- Ensure the alignment of cost management processes with business goals, ensuring financial sustainability and competitiveness.
Skills and Experience:
- Cost Management
- Financial Performance Reporting
- Cost Booking and Allocation Practices
- Business Finance
- Financial Statement Analysis
- Strategic and Analytical Mindset
- Multitasking and Leadership in Ambiguities
Qualifications:
- Education: Degree in Finance, Accounting, or a related field. MBA or relevant professional certifications are a plus.
- Experience:
- A mature finance professional with relevant experience in the financial services industry.
- Extensive experience in corporate banking products, accounting treatments, and cost performance reporting.
- Strong FP&A background with the ability to connect business drivers to the performance management process.
- Proven track record of working with senior management and influencing stakeholders.
- Ability to work under pressure, multitask, and lead in ambiguous situations.
- Strong leadership and team management abilities, capable of securing confidence and respect.
- In-depth understanding of financial statements, business performance management, and decision-making processes.
