Standard  Chartered  Bank

Cost Analytics and Transformation Lead

Singapore, SG
A competitive salary and benefits to support your mental, physical, financial and social wellbeing
19 Jun 2024
04 Jul 2024
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

Job Summary

  • TTO and Group Functions is a $6bn+ combined cost base organisation that provides technology, operations and corporate function services for the bank.
  • This role will support the CFO of TTO and Functions in accelerating cost opportunities and enhancing cost management and effectiveness of the respective functions in support of the Group’s overall cost agenda.
  • The successful candidate will be a trusted partner to the CFO, TTO and Function and work hand in hand with the finance organization and respective leaders within each of the functional areas, to drive cost transformation.

Key Responsibilities


  • Provide thought leadership and insightful analysis, highlighting trends, outliers and areas of optimization across the cost portfolio.
  • Facilitate workshops to identify, quantify and solicit buy-in on cross functional opportunities, delivering a one-bank approach.
  • Deliver robust competitor benchmarking & peer analysis to understand our performance against market and influence strategies to optimize our cost base.
  • Drive the creation of strategic plans and sustainable saves initiatives including development of business case and assessment of impact to P&L, benefits quantification in sufficient detail to enable effective benefits tracking and realization.


  • Champion the Cost Transformation agenda by spearheading key initiatives at a bank level to drive simplification, centralization and standardization activities in TTO and Functions.
  • Provide independent challenge and drive management actions at senior level to deliver targeted outcomes.
  • Define and facilitate a robust funding governance process to support bank wide prioritisation to determine how best to allocate finite resources to drive the greatest return at bank level.
  • Develop a standardized finance tool kits to enable robust costing and business case quantification to support management decision making.
  • Introduce and implement new controls and process changes required to support the Cost Transformation initiative.


  • Work in close collaboration with the finance and COO teams on overall management of the cost portfolio as part of the wider performance management framework. Provide added support across finance activities relating to cost management and optimization of the Functions and TTO cost base.
  • Define relevant KPIs and drive regular performance reviews to track progress on delivery of cost initiatives across the portfolio.
  • Conceptualize and deliver high impact, executive-ready presentations to support the financial narrative of cost initiatives for engagement across the Group. Define clear and consistent methodologies for categorizing and measuring cost-saving initiatives including but not limited to establishing a centralised repository or platform to capture relevant data and documentation.
  • Conduct regular review and refinement of the policy as well as standardization, and consistent application of these standards.
  • Ensure compliance with accounting standards, regulatory requirements and management reporting and policies
  • Ensure both cost savings and investment are properly and consistently accounted for across the bank.

People & Talent

  • Lead by example, develop and embed a high-performance culture with specific focus on capability, effectiveness, and productivity.
  • Foster a culture of collaboration and a mindset of change and growth

Risk Management

  • Ability to interpret the firm’s financial information, identify key issues based on this information and put in place appropriate controls and measures.
  • Ensure compliance with Group Accounting Principles and practices, Financial Control policy, and other regulatory accounting guidelines.


  • Have an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.

Key stakeholders

  • CFO, TTO and Functions
  • Head of FP&A, TTO and Functions
  • CFOs of respective Functions
  • COO and Heads of respective Functions
  • Group FP&A

Our Ideal Candidate

  • Academic or Professional Education/Qualifications: University educated
  • Qualified Accountant i.e. CPA, CMA, ACCA
  • Finance experience of 20+ years, with specialization in Cost Management / Cost Transformation.
  • Proven track record in leading and delivering cost efficiencies and productivity.
  • Extensive senior stakeholder experience in a global, highly matrix organization, preferably Banking.
  • Strong familiarity with the bank’s financial systems and control framework

Role Specific Technical Competencies

  • Budget Management
  • Business Analytics
  • Cost-Benefit Analysis
  • Financial Forecasting and Modeling
  • Financial Reporting

About Standard Chartered

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 thing and 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

What we offer

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-off including 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 working options based around home and office locations, with flexible working patterns.
  • Proactive wellbeing support through 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 culture to 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.

Recruitment Assessments

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 website.

For further information, and to apply, please visit our website via the “Apply” button below.

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