At a Glance
- Tasks: Support expense control, budgeting, and forecasting while collaborating with teams for data-driven decisions.
- Company: Join BBVA, a global leader in finance with a diverse and inclusive culture.
- Benefits: Enjoy a competitive salary, hybrid work options, and opportunities for professional growth.
- Other info: Dynamic team environment with excellent career advancement opportunities.
- Why this job: Make an impact in finance by enhancing efficiency and supporting strategic decision-making.
- Qualifications: 3+ years in cost management or financial controlling; strong Excel skills required.
The predicted salary is between 55000 - 65000 € per year.
Excited to grow your career? BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.
The Finance team at BBVA London is a multidisciplinary unit responsible for safeguarding the financial integrity, strategic planning, and regulatory compliance of the UK branch. We act as a key partner to the business, ensuring that Corporate & Investment Banking (CIB) activities operate within a robust financial and control framework.
Within Finance, the Cost Management team plays a critical function in strengthening expense governance, enhancing efficiency, and supporting informed decision-making at both local and corporate levels. The position works in close alignment with Head Office in Madrid and collaborates across business and support functions in the UK.
About the job:- Supports expense control, budgeting, and forecasting processes, providing detailed analysis and monitoring performance against budget to identify variances and cost drivers.
- Collaborates with internal teams to ensure alignment with Group standards and contributes to data-driven decision-making.
- Coordinate supplier management and invoicing processes, ensuring compliance with internal policies, legal requirements, and proper vendor onboarding and validation.
- Reporting to the UK Cost Manager, this role supports expense control, financial processes, and efficiency initiatives across the branch.
- Support the annual budgeting and periodic forecasting processes from an expense perspective.
- Produce detailed expense analysis to support senior management decision-making.
- Monitor and analyze expense performance against budget and forecasts, identifying variances and key cost drivers.
- Coordinate with Madrid-based expense teams (CIB and Holding) to ensure alignment with Group standards and policies.
- Lead vendor management and procurement activities, coordinating sourcing processes and supplier follow-up.
- Act as the entry point for supplier invoicing, ensuring proper receipt, validation, and processing of invoices.
- Monitor supplier management activities, ensuring proper onboarding and approval of vendors.
- Academic Background in Finance, Business Administration, Economics or Law.
- Professional Experience: +3 years of relevant experience in:
- Cost management / FP&A / financial controlling.
- Budgeting and forecasting processes.
- Variance analysis and expense monitoring.
- Vendor management and procurement processes.
- Languages: Spanish and English.
- Skills: Advanced proficiency in Excel (essential), Access, Google suite (essential), Financial systems/ERP (SAP, Concur) and Reporting tools (Power BI, Tableau, Microstrategy).
- Strong understanding of: Budgeting and forecasting cycles, Procurement and supplier management policies, Cost control frameworks.
- Ability to transform data into actionable insights for decision-making.
- Strong analytical and problem-solving skills.
- Ability to identify key cost drivers and explain variances.
Please note that priority will be given to candidates who are eligible to work in the UK.
Cost Management - CIB Finance employer: BBVA Group
BBVA is an exceptional employer that fosters a dynamic and inclusive work culture in the heart of London, offering employees the chance to thrive in a global financial institution with over 160 years of history. With a strong emphasis on professional development, the Cost Management team provides opportunities for growth through collaboration with diverse teams and exposure to strategic financial processes, all while enjoying the benefits of a hybrid work model that promotes work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Management - CIB Finance
✨Tip Number 1
Network like a pro! Reach out to people in the finance industry, especially those working in cost management. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by researching BBVA and its financial practices. Show us you know your stuff about expense control and budgeting – it’ll impress the hiring team!
✨Tip Number 3
Practice your analytical skills! Be ready to discuss how you've tackled budgeting and forecasting challenges in the past. We love candidates who can turn data into actionable insights.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re always on the lookout for passionate individuals ready to join our finance team.
We think you need these skills to ace Cost Management - CIB Finance
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cost Management role. Highlight your experience in budgeting, forecasting, and expense monitoring. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about this role at BBVA and how your background in finance makes you a perfect fit. Let us know what drives you!
Show Off Your Skills:Don’t forget to mention your advanced Excel skills and any experience with financial systems like SAP or Concur. We love seeing candidates who can transform data into actionable insights, so give us examples!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and get you on our radar. Don’t miss out on this opportunity!
How to prepare for a job interview at BBVA Group
✨Know Your Numbers
Make sure you brush up on your financial knowledge, especially around budgeting and forecasting. Be ready to discuss specific examples of how you've managed costs or improved financial processes in your previous roles.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess. Bring examples of how you've transformed data into actionable insights, particularly in expense monitoring or variance analysis. This will show that you can think critically about financial information.
✨Familiarise Yourself with Vendor Management
Since vendor management is a key part of the role, be prepared to discuss your experience with procurement processes. Think of instances where you successfully coordinated supplier activities or improved vendor relationships.
✨Practice Your Language Skills
Given the bilingual nature of the role, practice discussing financial concepts in both English and Spanish. This will not only boost your confidence but also demonstrate your ability to communicate effectively in a diverse environment.
