Job Summary

Cost Simplification Programme is a Bank wide initiative funded by Fit For Growth. This initiative aims to simplify, elevate, and transform the efficiency and effectiveness of cost management processes in the bank –through simplifying, standardising, and digitising performance management activities relating to costs and redesigning processes to enable front to back visibility of profitability across multiple dimensions, directly correlated spend to cost drivers and business activities. This sets the foundation for product level costing which will enable better frontline pricing decisions, as well as greater cost ownership across the firm.  We will leverage technology to scale this capability and transform how costs are consumed and managed (amplifying the ethos of Fit for Growth) via sustainable cost containment, transparency, and management across the Bank. Scope of changes include:

Key Responsibilities

Strategy

• Establish a best-in-class process for Technology, Operations and Functions to ensure all areas comply with FFG governance requirements

Business

• Collaborate with cross functional team to ensure the successful implementation of digital initiatives.
• Set up a data knowledge repository and advisory function to enable improved data insights and enhanced productivity across T&O and Functions Finance.
• Help drive simplification, centralization and standardization of reporting activities.
• Be predictive and proactive so we have performance management updates readily available.
• Drive the creation of strategic plans and sustainable saves initiatives including development of business case and assessment of impact to P&L, benefits quantification in sufficient detail to enable effective benefits tracking and realization. 
• Provide additional support across finance activities relating to cost management and optimization of the cost base, including insightful analysis, highlighting trends, outliers and areas of optimization across the portfolio.
• Provide independent challenge and influence to drive management actions and deliver targeted outcomes.  Champion and drive a culture of cost discipline and enhanced cost focus across the functions space.  
• Facilitate meetings across the Technology, Operations and Functions Finance teams and stakeholders to deliver on FFG requirements. 
• Track relevant KPIs and drive regular performance reviews to track progress on delivery of cost initiatives across the portfolio.
• Conceptualize and deliver high impact, executive-ready presentations to support the financial narrative of cost initiatives for engagement across the Group

Processes

• Simplifying, standardising and automating cost booking model, allocation processes and reporting framework across countries /business units / segments to reach a harmonised and centralised one firm approach, light to No-touch processes flows, enabling front to back visibility of costs for CIB and WRB business and address inconsistencies to booking to chart of accounts

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.

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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.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association

Key stakeholders

• CFO - Technology, Operations and Functions
• Group FP&A
• CFOs of respective Functions
• FFG Programme Office
• FFG Finance

Other Responsibilities

• Embed Here for good and Group’s brand and values in India/ GBS/ GSF Finance /GBS BPO; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)

Skills and Experience

• Data Science
• Microsoft Excel
• Microsoft PowerPoint
• Data Analytics and Visualization (Tableau / Power BI)

Qualifications

• 10+ years of leadership experience in reporting automation, data visualisation or data engineering preferably in FP&A domain
• Conversant with all forms of digital tools
• Proven track record in leading and delivering cost efficiencies and productivity.
• Extensive senior stakeholder experience in a global, highly matrix organization, preferably Banking.
• Strong familiarity with the bank’s financial systems and control frameworks
• Ability to culturally orient in diverse & international team environment and lead and inspire multi-disciplinary teams.
• Ability to work effectively under pressure, multitask, lead through ambiguities, influence where he/she does not have direct authority & build on unstructured formative situations
• Excellent communication and interpersonal skills, comfortable working with colleagues from different time zones and cultures

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.