Senior Manager - Group Cost Insights

End Date: Monday 13 July 2026

Salary Range: £85,493 - £100,580

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 bank holidays, a range of wellbeing initiatives and generous parental leave policies.

What we’re looking for

• Strong analytical background with the ability to understand data relationships, conduct trend analysis and create effective modelling.
• Ability to coordinate several pieces of work simultaneously without compromising timescales or quality.
• Proactivity and restless curiosity.
• A growth mindset and commercial edge.
• Ability to influence and engage across a range of partners on potential opportunities and shape thinking.
• Ability to adapt and course‑correct based on feedback.
• Desire to take responsibility for the efficient and effective production of high‑quality output and written work with attention to detail, often working independently.
• Product / P&L experience.

We’re open to supporting colleagues to reskill into this role where they bring specialist knowledge of business areas across the Group.

Accessibility and EEO

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.