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 hybrid work model, competitive salary, 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.
Job description (extended):
- 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.
What are we looking for?
- 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.
Skills: Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking.
Cost Management - CIB Finance employer: Bbva Sa
BBVA is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees in the Cost Management - CIB Finance role the opportunity to thrive in a hybrid environment in London. With a commitment to professional growth, employees benefit from diverse career paths, comprehensive training, and collaboration with multidisciplinary teams across the globe, ensuring a meaningful and rewarding experience in the finance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Management - CIB Finance
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bbva Sa. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Cost Management - CIB Finance
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bbva Sa.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bbva Sa's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Bbva Sa
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bbva Sa.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Bbva Sa will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Bbva Sa employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
