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For Companies At a Glance
- Tasks: Lead cost-saving initiatives and manage global offshoring strategies.
- Company: Join a top-tier global financial services organization making waves in the industry.
- Benefits: Enjoy a hybrid work model with flexibility and competitive salary up to £120,000.
- Why this job: Be part of a values-driven culture that promotes innovation and collaboration.
- Qualifications: Experience in cost optimization and strong leadership skills are essential.
- Other info: Opportunity to work closely with senior leadership and influence major financial decisions.
The predicted salary is between 72000 - 84000 £ per year.
Job Description
Overview
Our client, a leading, global financial services organisation, are looking for a Cost Optimisation AVP, to provide leadership across global offshoring of resources and cost optimisation. The primary focus of the role includes identification, analysis, and tracking of cost saving opportunities across EMEA Technology.
Role and Responsibilities
- Identify and mitigate risks while ensuring compliance with the risk management framework.
- Manage operational incidents by analysing root causes and implementing preventative measures.
- Foster a values-driven, inclusive culture that encourages collaboration and innovation.
- Build strong relationships with stakeholders and industry peers to share best practices.
- Lead and manage the multi-year Global Offshoring plan to transition resources to cost-efficient locations.
- Oversee and report on the financial impact of offshoring initiatives across Bank and Securities.
- Coordinate closely with the Global Efficiency Office, Global IT Division, and senior leadership.
- Create and present regular reports, including quarterly GELM updates, to key stakeholders.
- Organise forums and submissions, such as the EMEA Technology Offshoring Forum and Offshoring Champions Working Group.
- Collaborate with department heads to identify, support, and track cost-saving initiatives.
- Drive consolidated reporting and ensure robust controls for cost-saving visibility across targets and budgets.
- Prepare and deliver clear, accurate reporting on cost optimisation to senior audiences.
Experience and Skills
- Proven track record in multi-year cost optimisation projects and standardised reporting to C-Suite and MD levels.
- Experience in risk, issue, and dependency management.
- Experience in developing and implementing IT operating models.
- Familiarity with EMEA IT policies and standards.
- Exceptional communication and collaboration skills with senior stakeholders.
- Advanced financial planning and management capabilities.
- Ability to simplify and visualise complex processes for diverse audiences.
- Proficiency in technology services, systems, and cost structures.
- Strong analytical skills to identify and drive process and cost efficiencies.
- Experience in global offshoring and vendor procurement processes.
Package
- Up to £75,000 base
- 20% bonus
- Excellent benefits
- Hybrid (3x week in London)
Cost Optimisation - AVP employer: IntecSelect
Contact Detail:
IntecSelect Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Optimisation - AVP
✨Tip Number 1
Familiarize yourself with the latest trends in cost optimization and offshoring within the financial services sector. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the industry, especially those who have experience in cost optimization and resource management. Attend relevant conferences or webinars to build connections that could provide insights or referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully identified and implemented cost-saving initiatives in previous roles. Being able to articulate your past successes will demonstrate your capability for this position.
✨Tip Number 4
Stay updated on compliance and risk management frameworks relevant to cost optimization. Understanding these frameworks will be crucial in demonstrating your ability to mitigate risks associated with offshoring initiatives.
We think you need these skills to ace Cost Optimisation - AVP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cost optimisation and leadership roles. Use specific examples that demonstrate your ability to identify and implement cost-saving initiatives.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities outlined in the job description, particularly in managing operational incidents and fostering collaboration.
Highlight Stakeholder Management Skills: Emphasize your experience in building relationships with stakeholders. Provide examples of how you've successfully collaborated with different teams or departments to achieve common goals.
Showcase Analytical Abilities: Demonstrate your analytical skills by discussing past experiences where you identified risks or opportunities for cost savings. Include any relevant metrics or outcomes to support your claims.
How to prepare for a job interview at IntecSelect
✨Understand the Cost Optimisation Landscape
Make sure you have a solid grasp of current trends in cost optimisation, especially within the financial services sector. Be prepared to discuss specific strategies you've implemented in the past and how they can be applied to the role.
✨Showcase Your Leadership Skills
As this role involves providing leadership across global offshoring, highlight your experience in managing teams and projects. Share examples of how you've fostered collaboration and innovation in previous roles.
✨Prepare for Risk Management Questions
Since identifying and mitigating risks is crucial, be ready to discuss your approach to risk management. Think of specific incidents you've managed and how you ensured compliance with risk frameworks.
✨Build Relationships and Communicate Effectively
Emphasize your ability to build strong relationships with stakeholders. Prepare to discuss how you've successfully collaborated with different departments and shared best practices in your previous roles.
