Senior Manager, Cost Simplification

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 Finance Reporting Forecasting Planning Cost Allocations Cost Analytics Insights with ability to deliver outcomes via digital offerings and enhanced visualisation for senior management executives of the bank with FFG governance requirements Business Ensure clarity of objectives agreed with the LM and are broken down to tasks with regular updates to the LM Managing the assigned tasks professionally and efficiently Ensuring compliance of regulations policies and requirements Contributing to the effectiveness of the team by utilizing interpersonal skills to work with members effectively Gain cross functional knowledge System Training to uplift the skills especially in the assigned domains Strong communication skills to strategize facilitate improve efficiency in delivering changes in a complex environment with internal stakeholders and external stakeholders Develop and apply testing processes Create detailed comprehensive and well-structured test plans and test cases Co-ordination of Test data Environment with upstream downstream teams Ensure detailed documentation is maintained on the Business Requirement Functional Specifications Making sure we provide best solution which is most effective from User Cost and Risk Perspective Ensure detailed project transition plan to be considered in different aspects like End User Training Resource Considerations Training Materials Responsible for managing deliverables throughout the project lifecycle collaborating with various project program teams stakeholders finance stakeholders across geographies process and technology teams Evidence of strong Project Management skills enabling the delivery of multiple diverse data initiatives from inception to delivery Excellent business and technical process design and execution skills enabling the effective execution of a change Primary contact point with other change and BAU leaders across the organisation to identify and resolve blockers to project success Responsibility for prioritisation and management of critical path delivery items Design the target state solution and target state processes Drive the establishment of a target operating model and internal capability to support and drive ongoing change enhancement initiatives Ensure strong engagement with senior leaders and stakeholders across Finance Responsible for risk and issue resolution Build strong relationships with key delivery partners and ensure efficiencies and synergies are realised across programmes Build effective communication channels with wider senior finance leadership Ensure effective governance and project management standards are applied across all delivery responsibilities High quality written and verbal communication skills with the ability to focus on multiple initiatives and subjects at the same time Processes Simplifying standardising and automating 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 Key stakeholders Cost Simplification Workstream Leads CFOs of respective Functions Group FP A Digital and Technology teams 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 Skills and Experience Microsoft Excel Microsoft Powerpoint Data Analytics and Visualization Tableau Power BI Change Management and Governance Financial Planning and Analysis Forecast Modelling Qualifications 7 years of experience in Banking and Financial Services in more than one core Finance functions Ledger Consolidation Financial and Management Reporting Cost allocations and transfer pricing planning and performance management Master Data Governance Supply Chain management and Tax reporting Techno Functional knowledge and experience in implementing and or working with SAP suits of products like S4 HANA PAPM BPC MDG Ariba Concur etc Change experience on implementation of finance technology solutions Experience in establishing and delivering large scale change initiatives within Finance Core Project Management skillsets including Planning Risk and Issue Management etc Strong skills with core Business Analysis toolset and techniques Able to design processes at both a conceptual and operational level Strong background in problem solving with demonstrable analytical skills Experience in Senior Stakeholder Management and Communication 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 28866