First VP, Cost Performance Mgmt Lead

United Overseas Bank Limited (UOB); Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading banking institution located in Singapore is searching for a finance expert to lead cost management strategies across business units. The ideal candidate will have at least 8-10 years of experience in financial analysis and cost management, preferably within the banking sector. Responsibilities include overseeing budget planning, guiding cost-saving initiatives, and collaborating with cross-functional teams to optimize financial performance. A relevant Bachelor's degree is required, while a Master's degree or professional qualifications will be favored. This role is crucial for driving financial efficiency and ensuring compliance with regulatory requirements.

Qualifications

• 8-10 years of experience in financial analysis, cost management, or performance management in banking.
• Strong analytical and quantitative skills with the ability to interpret complex financial data.
• Proficiency in financial modeling, budgeting, and forecasting.

Responsibilities

• Lead the development and execution of cost management strategies across business units.
• Oversee budget planning, forecasting, and variance analysis in collaboration with stakeholders.
• Monitor and analyze business expenditures to identify cost-saving opportunities.
• Prepare regular cost reports and dashboards for management review.
• Conduct variance analysis and provide explanations for deviations from budget.

Skills

Financial analysis

Cost management

Leadership

Analytical skills

Communication skills

Education

Bachelor's degree in Finance, Accounting, Business Administration

Master's degree or professional qualification (e.g., CPA, ACCA, CIMA)

Tools

Financial modeling tools

Budgeting software

Job description

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values - Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

Key Responsibilities

• Lead the development and execution of cost management strategies across business units.
• Oversee budget planning, forecasting, and variance analysis in collaboration with Finance , HR , Product and Segment.
• Collaborate with HRBPs, Finance, Product and Segment Heads to align cost strategies with business goals.
• Monitor and analyze business expenditures to identify cost-saving opportunities.
• Support budgeting and forecasting processes with cost data and insights.
• Collaborate with cross-functional teams to understand cost drivers and recommend improvements.
• Prepare regular cost reports and dashboards for management review.
• Conduct variance analysis and provide explanations for deviations from budget, wrt resourcing vs initiatives / projects.
• Support cost transformation initiatives and demand management processes.
• Provide advisory support on cost implications during organizational changes and headcount planning.
• Ensure compliance with internal policies and regulatory requirements related to cost governance.
• Participate in strategic projects related to cost optimization and efficiency.

Job Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field. A Master's degree or professional qualification (e.g., CPA, ACCA, CIMA) is highly preferred.
• Minimum of 8-10 years of progressive experience in financial analysis, cost management, or performance management within the banking or financial services industry.
• Proven track record of leading team and implementing successful cost optimization initiatives.
• Strong analytical and quantitative skills with the ability to interpret complex financial data and translate it into actionable insights.
• Proficiency in financial modeling, budgeting, and forecasting, related tools
• Excellent communication, presentation, and interpersonal skills, with the ability to influence and engage stakeholders at all levels.
• Demonstrated leadership capabilities, with experience in managing and developing a team.
• Strong understanding of banking products, services, and operational processes.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.

Additional Requirements

Be a Part of the UOB Family

Equal Opportunity

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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