At a Glance
- Tasks: Lead cost analysis and drive initiatives for financial optimisation.
- Company: Join Lloyds Banking Group, a leader in financial services.
- Benefits: Competitive salary, generous pension, performance bonuses, and 30 days holiday.
- Other info: Flexible working options available in a dynamic team environment.
- Why this job: Make a real impact on cost leadership and shape finance for good.
- Qualifications: Strong analytical skills and experience in stakeholder engagement.
The predicted salary is between 85493 - 100580 £ per year.
Flexible working options: Hybrid, Job Share, Reduced Hours
Location: Edinburgh & Bristol (Full‑time)
About this opportunity
We’re a team that plays a meaningful role in cost leadership for Lloyds Banking Group, striving to provide valuable insights, drive cost‑saving initiatives, and ensure effective use of the Group’s resources including our colleague reward package. We’re a team of 12 based across Edinburgh, Bristol and London, part of the Group Financial Planning & Analysis (FP&A) team within Central Finance. The work you do and ideas you develop will inform conversations up to Group Executive Committee level. This is a terrific opportunity if you’re bold and ambitious, possess a strong sense of purpose, diplomatic skills to influence senior people, and relationship skills to build rapport and have meaningful conversations. If you enjoy leading analysis and insight to optimise costs, build operating models and contribute to wider long‑term planning and business decision making, we want to hear from you.
What you’ll be doing
- Develop a deep understanding of costs, based on data and analysis and other tools such as benchmarking and best‑practice case studies.
- Use insights, trends and data to identify cost opportunities and the structural changes needed longer term for LBG to continue to be a cost leader in Financial Services.
- Proactively build relationships and engage widely with colleagues to develop a narrative about ideas, build evidence and advocacy, and effect change with a cost‑out/optimisation benefit.
- Review and challenge 4YOP submissions and cases with a strategic cost‑optimisation mentality.
- Identify and drive cost‑saving or unit cost efficiency initiatives, working with stakeholders across the Group.
- Review and challenge material contracts en route to the Group Cost Management Committee (GCMC).
- Support the running of GCMC meetings and produce high‑quality papers to enable effective decision making.
Why join us
We’re on an exciting journey to transform our Group and how we shape finance for good. We’re investing in technology, workplaces and colleagues to make our Group a great place for everyone. We offer a wide‑ranging benefits package, including a generous pension contribution up to 15%, an annual performance‑related bonus, share schemes including free shares, lifestyle‑adaptable benefits such as discounted shopping, 30 days holiday plus.
Senior Manager - Group Cost Insights in Edinburgh employer: Lloyds Bank plc
Lloyds Banking Group is an exceptional employer that prioritises employee well-being and professional growth, offering flexible working options and a comprehensive benefits package including a generous pension contribution and performance-related bonuses. With a collaborative work culture in vibrant locations like Edinburgh and Bristol, employees are empowered to drive meaningful change and contribute to strategic decision-making at the highest levels. Join us to be part of a transformative journey where your insights will shape the future of finance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager - Group Cost Insights in Edinburgh
✨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.
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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 Lloyds Bank plc. 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 Senior Manager - Group Cost Insights in Edinburgh
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 Lloyds Bank plc.
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 Lloyds Bank plc'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 Lloyds Bank plc
✨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 Lloyds Bank plc.
✨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 Lloyds Bank plc 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 Lloyds Bank plc 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.
