Cost Transformation Manager

Barclays; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution is seeking a Cost Transformation Manager to deliver strategic cost management across the organization. You will analyze complex financial data, identify cost drivers, and collaborate with cross-functional teams to implement effective cost strategies. The ideal candidate will have strong analytical skills and experience in program management within large environments. This role offers an opportunity to influence stakeholders and contribute to the financial success of the organization.

Qualifications

• Experience in financial and operational data analysis.
• Ability to influence stakeholders at all levels.
• Experience with change and transformation programmes.

Responsibilities

• Support strategic cost management across the business.
• Analyse complex data to identify cost drivers.
• Develop actionable recommendations to deliver benefits.

Skills

Strong analytical and numerical skills

Problem solving and structured approach

Programme management

Education

Accounting or Finance qualifications

Tools

LEAN

Six sigma

Agile

Job description

Overview

As a Cost Transformation Manager, you will play a key role in delivering strategic cost management across Barclays UK. This is not an accounting-focused role; sitting within Finance but operating across the business, you will act as an internal consultant, working hands-on to analyse complex financial and operational data, identify cost drivers and uncover efficiency opportunities.

You will apply structured problem-solving, analysis and insight to support high-impact programmes, developing evidence-based, actionable recommendations that deliver financial and non-financial benefits to the organisation. Working closely with cross-functional teams, you will have to influence stakeholders at all levels and contribute to the banks long-term cost strategy.

Essential Criteria

• Strong analytical and numerical skills; Confident interpreting operational and financial data, defining analysis, metrics and creating insight for stakeholders
• Problem solving and structured approach; You will be helping the business solving complex problems in tight timeframes
• Programme management in large and complex environments

Desirable Criteria

• Finance or Business Transformation background/experience
• Exposure to Cost Transformation across operations, technology or shared services
• External or Internal consulting experience, working closely with stakeholders at all levels
• Accounting or Finance qualifications
• Familiarity with LEAN / Six sigma / Agile experience

Location: London/Northampton

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

Purpose of the role

To develop business capabilities for Finance through key stages of functional design, data, end-to-end-process and controls, delivery, and functional testing.

Accountabilities

• Functional Design: leveraging best practice concepts, and in collaboration with Line SMEs, support options analysis and recommendations as part of decision making.
• Data Analysis/Modelling/Governance: design conceptual data model underpinning all phases of the processes, and governance requirements in accordance with GDMS standards and principles.
• End-to-End Process & Controls - development of target process and controls design/documentation and operational runbooks and aligning these components with organisational and role/service model design definitions.
• Delivery/Implementation Support: update design/functional requirements throughout the development cycle, and resolve RAIDS related to functional requirements and business processes. Project management for change programmes that have limited technology investment.
• Functional Testing: develop scripts and data to test alignment to requirement definitions, ahead of user testing cycles.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises to solve problems creatively and effectively.
• Communicate complex information. \"Complex\" information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.