Savings Governance Lead, FFG Procurement & Property

Standard Chartered; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading global bank in Kuala Lumpur seeks a Savings Governance Lead in Supply Chain Management to oversee cost savings initiatives. The successful candidate will work closely with various stakeholders to validate and submit cost savings proposals that contribute to the bank's financial targets. Candidates should have experience in supply chain practice and strong analytical skills to identify and quantify savings opportunities effectively.

Qualifications

• Experienced Supply Chain practitioner.
• Proven ability to deliver sustainable cost reductions.
• Strong collaboration skills with Finance and business functions.

Responsibilities

• Verify, validate, and submit Fit For Growth cost savings.
• Work with Global Category Managers on savings opportunities.
• Lead discussions with Finance and impacted functions.

Skills

Supply Chain Management

Cost Analysis

Stakeholder Management

Education

Bachelor's degree in relevant field

Job description

Savings Governance Lead, FFG Procurement & Property

Supply Chain Management (SCM) is responsible for the strategic direction and governance of all third-party spend, which accounts for over 40% of the bank’s cost base. The Procurement and Property Fit For Growth (FFG) transversal stream has responsibility to deliver USD 193m of cost reduction, and to support an additional USD 550m of additional saves relating to third-party costs in TTO.

This role is for an experienced Supply Chain practitioner to verify, validate and submit Fit For Growth cost saves relating to third parties. To qualify as FFG cost savings, saves need to be a real year-on-year reduction in a cost line in the P&L, sustainable for multiple years, and need to be removed from budgets to ensure that they reach the bottom line of the bank. The role holder will be responsible for working with the Global Category Managers to identify potential savings opportunities, determining the validity for FFG submission, creating the artefacts and leading approval discussions with Finance colleagues and the impacted business or function. This role will also have the responsibility of determining allocations of saves to businesses and functions and interlocking the savings as part of the bank’s budgeting and planning process

The successful candidate will work closely with the FFG Procurement and Property Portfolio Head, the Global Head of Supply Chain Management, the Global Category Services and Technology heads and the Global Category Leads to ensure that savings made are recording and the FFG targets are met.