Expert, Group Cost Management

Job Purpose

• Improve quality of bank-wide operational cost management in the E2E cost management process from planning to spending, reporting & analyzing the effectiveness of operating costs; and perform overall financial control to subsidiaries/associates from planning to actual performance in line with Group bank's strategic plan

• Be responsible for specialized topics on cost management

Key Accountabilities (1)

• Control cost effectively to meet business performance target, from planning to actual performance analysis:

+ Perform the opex annual planning of the bank, including:

i) Build the topdown number & principles for opex annual planning;

ii) Build processes, templates and tools for opex annual planning for the whole bank with breakdown by divisions, departments; and

iii) Consolidate, analyse and provide insights to refine and reallocate cost resources in order to meet the topdown and finalize opex planning of the bank

+ Prepare monthly EXCO report on cost topic to bring insights and recommendations to BOM to repurpose and optimize cost resources

• Coordinate with centralized functions to analyse cost effectiveness and make recommendations to allocate resources from non-productive areas to productive ones

• Support Senior expert/ Senior manager to perform specialised topics on cost management

• Planning and coordinating with stakeholders to implement specialized cost management topics

• Perform financial control for the subsidiaries/ affiliates and other long-term investment of the bank, including:

+ Control the overall financial planning of the subsidiaries/ affiliates which cover for both TOI, cost, balance sheet and general financial indicators of the subsidiaries/ affiliates

+ Play the key role as contact point to supervise the whole interaction between the bank and its subsidiaries/ affiliates to ensure the operations of the subsidiaries/ affiliates are consistent with the bank's management governance, including but not limited to following tasks:

i) Co-operate with subsidiaries/ affiliates to evaluate, analyse and finalize pricing for their services providing to the bank

ii) Post control and review management reports of the subsidiaries/ affiliates to ensure their cost spending in a consistent manner with the bank's governance framework

iii) Coordinate the control, financial supervision and performance management reports of the subsidiaries/ affiliates, detecting errors as well as abnormal issues in costs, revenue, non-compliance issues with the laws and the bank's standards & regulations; and define action for risks prevention

iv) Co-operate with stakeholders in the bank to evaluate business cases of the subsidiaries/ affiliates to meet the overall target of the bank

Key Accountabilities (2)

• Support Senior Expert to improve & develop new tools, methods, models for budgeting, forecasting and cost-effective analysis

• Participate in projects related to cost management of the bank

• Other tasks as assigned by the Department Manager

- Degree/professional: Having a university degree or higher at a university in Economics, Finance, Banking. Preference will be given to those who have a university degree and are intensively trained in economics, banking and finance, especially studying international financial programs.

- Experience: 8 years

- English: Follow prevailing TCB's regulation