Bank jobs in Singapore

This is a 12-month contract with the Bank.

The Cost Simplification Programme is a Bank wide initiative funded by Fit For Growth. This initiative aims to simplify, elevate and transform the efficiency and effectiveness of cost management processes in the bank –through simplifying, standardising, and digitising performance management activities relating to costs and redesigning processes to enable front to back visibility of profitability across multiple dimensions, directly correlated spend to cost drivers and business activities. This sets the foundation for product level costing which will enable better frontline pricing decisions, as well as greater cost ownership across the firm. We will leverage technology to scale this capability and transform how costs are consumed and managed (amplifying the ethos of Fit for Growth) via sustainable cost containment, transparency and management across the Bank.

The Project Manager for Cost Simplification will lead the strategic transformation of cost management processes and architecture within the organization, with a focus on Asia delivery and stakeholder management. Additionally, the role will drive the transformation of our intra-group allocation and recharge processes and associated benefit case including the implementation of a strategic intercompany solution.The successful candidate will also play a key role in partnering with related and dependent programs including Phoenix, Mitto, E-invoicing and Ariba.

• Understand and align the Cost Simplification strategy with the bank’s overall business and digital transformation goals.
• Support the delivery of program initiatives in line with these strategies to simplify, standardize, and digitize cost management processes.
• Assist the GCFO CFO and Cost Simplification initiative leads in delivering all aspects of the Cost Simplification Programme and benefits in line with the approved business case

• Build strong, effective relationships with the workstream leads, project teams and key stakeholders across multiple locations
• Lead and manage workstreams focused on the successful standardization of cost reporting across the organization.
• Optimize intra-group allocation and recharges to enhance financial efficiency and transparency, leading to improved financial outcomes.
• Implement a strategic intercompany solution aligning to the needs of Cost Simplification, the Aspire General Ledger Strategy and dependent programs.
• Work with PMO team in Bangalore and GCFO FFG Programme to ensure that all internal and external reporting requirements are met in a timely manner and at appropriate quality

• Define and monitor key performance indicators (KPIs) to ensure continuous improvement and sustainable cost process improvements.
• Regularly report on progress, challenges, and successes to senior leadership, ensuring transformation efforts are on track and delivering expected outcomes.
• Develop and implement comprehensive change management plans to support the transition to new systems and processes.
• Facilitate communications, training, and coaching for impacted teams to ensure alignment with the new operating model.

• Lead through example and build the appropriate culture and values across the team.
• Set appropriate tone and work in collaboration with all partners.

• Track and manage risks and issues associated with the Cost Simplification initiatives, ensuring timely resolution and mitigation.
• Identify risks and issues early, plan mitigating steps and communicate these to programme lead and business stakeholders in a timely manner.
• Work closely with delivery leads to ensure stakeholders are fully engaged and expectations managed.
• Cleary document and agree on assumptions, shortfalls, and timelines to resolve the known constraints and dependencies.

• Ensure that the programme delivery is in line with the Bank’s Change Governance Policy and compliant with the Change Delivery Standards
• Awareness and understanding of regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Develop and track key performance indicators (KPIs) to measure the success of implemented changes.

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.

• CFO, TTO and Functions
• CFO, GCFO
• Head of Strategic Initiatives, T&O & Functions Finance
• Cost Simplification workstream Leads
• GCFO Fit for Growth Programme Director

• 10+ years of banking experience with specialisation in project or cost management
• Bachelor’s Degree ideally in Finance or Accountancy
• Proven experience in project management, particularly in cost management transformation or similar strategic programs.
• Expertise in cost allocation and recharges
• Strong understanding of cost reporting, data
• Centralization, and financial optimization processes.
• Excellent communication and leadership skills, with the ability to influence and engage stakeholders at all levels.
• Experience in change management and the ability to drive organizational change effectively.

• Cost Transformation
• Inter company allocations and recharges
• Tax Transfer pricing
• Strategic Architecture

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thingand are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle,continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together,we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance,with flexible and voluntary benefits available in some locations.
• Time-offincluding annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible workingoptions based around home and office locations, with flexible working patterns.
• Proactive wellbeing supportthrough Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills,global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning cultureto support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation,one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers websitewww.sc.com/careers