At a Glance
- Tasks: Support expense control, budgeting, and forecasting while collaborating with diverse teams.
- Company: Join BBVA, a global leader with over 160 years of history and a diverse workforce.
- Benefits: Gain valuable experience in finance with opportunities for growth and development.
- Other info: Work in a collaborative team with a focus on innovation and client orientation.
- Why this job: Make an impact in financial decision-making and enhance efficiency in a dynamic environment.
- Qualifications: 3+ years in cost management or financial controlling; strong Excel skills required.
The predicted salary is between 50000 - 60000 £ per year.
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.
- Coordinates 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 in London employer: BBVA
BBVA is an exceptional employer that fosters a dynamic and inclusive work culture, where diverse professionals collaborate to drive financial excellence. Located in London, the Finance team offers robust opportunities for career growth through continuous learning and engagement with global teams, ensuring employees are well-equipped to contribute to strategic decision-making. With a strong emphasis on expense governance and efficiency, BBVA provides a supportive environment that values innovation and proactive thinking, making it an ideal place for those seeking meaningful and rewarding careers in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Management - CIB Finance in London
✨Tip Number 1
Network like a pro! Reach out to people in your field, especially those at BBVA or similar companies. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to cost management and financial analysis. We recommend using the STAR method to structure your answers – it helps you showcase your skills effectively!
✨Tip Number 3
Showcase your analytical skills during interviews. Bring examples of how you've used data to drive decisions or improve processes. This is key for roles in finance, especially in expense control and budgeting.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Cost Management - CIB Finance in London
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!
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, be sure to mention any relevant tools you've used, like Excel or Power BI. We love seeing how you can turn data into actionable insights!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and keep track of all the amazing candidates. We can't wait to hear from you!
How to prepare for a job interview at BBVA
✨Know Your Numbers
Make sure you brush up on your financial knowledge, especially around budgeting and forecasting. Be ready to discuss specific examples from your past experience where you've successfully managed costs or improved financial processes.
✨Excel Like a Pro
Since advanced Excel skills are essential for this role, practice using functions, pivot tables, and data analysis tools. You might be asked to demonstrate your proficiency, so having a few tricks up your sleeve will definitely impress the interviewers.
✨Understand the Business
Research BBVA's operations, especially in the UK and Madrid. Familiarise yourself with their financial strategies and how the Cost Management team fits into the bigger picture. This shows your genuine interest and helps you align your answers with their goals.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills and ability to handle real-life situations. Think of scenarios where you've had to analyse variances or manage vendor relationships, and be ready to explain your thought process and outcomes.
