Job Purpose
- Be responsible for specialized topics on cost management
- Improve quality of bank- wide operational cost management in the E2E cost management process from planning to spending, reporting & analyzing the effectiveness of operating costs; and perform overall financial control to subsidiaries/associates from planning to actual performance in line with Group bank&039;s strategic plan
Key Accountabilities (1)
- Improve quality of bank- wide operational cost management in the E2E cost management process from planning to spending, reporting & analyzing the effectiveness of operating costs; and perform overall financial control to subsidiaries/associates from planning to actual performance in line with Group bank&039;s strategic plan
- Be responsible for specialized topics on cost management
Key Accountabilities (2)
- Control cost effectively to meet business performance target, from planning to actual performance analysis:
+ Perform the opex annual planning of the bank, including:
Build processes, templates and tools for opex annual planning for the whole bank with breakdown by divisions, departments; and
Consolidate, analyse and provide insights to refine and reallocate cost resouces in order to meet the topdown and finalize opex planning of the bank
Build the topdown number & principles for opex annual planning;
+ Prepare monthly EXCO report on cost topic to bring insights and recommendations to BOM to repurpose and optimize cost resources
- Coordinate with centralized functions to analyse cost effectiveness and make recommendations to allocate resources from non- productive areas to productive ones
- Planning and coordinating with stakeholders to implement specialized cost management topics
- Support Senior expert/ Senior manager to perform specialised topics on cost management
- Perform financial control for the subsidiaries/ affiliates and other long- term investment of the bank, including:
+ Control the overall financial planning of the subsidiaries/ affiliates which cover for both TOI, cost, balance sheet and general financial indicators of the subsidiaries/ affiliates
+ Play the key role as contact point to supervise the whole interaction between the bank and its subsidiaries/ affiliates to ensure the operations of the subsidiaries/ affiliates are consistent with the bank&039;s management governance, including but not limited to following tasks:
Co- operate with subsidiaries/ affiliates to evaluate, analyse and finalize pricing for their services providing to the bank
Post control and review management reports of the subsidiaries/ affiliates to ensure their cost spending in a cosistent manner with the bank&039;s governance framework
Coordinate the control, financial supervision and performance management reports of the subsidiaries/ affiliates, detecting errors as well as
abnormal issues in costs, revenue, non- compliance issues with the laws and the bank&039;s standards & regulations; and define action for risks prevention
Co- operate with stakeholders in the bank to evaluate business cases of the subsidiaries/ affiliates to meet the overall target of the bank
Key Accountabilities (3)
- Support Senior Expert to improve & develop new tools, methods, models for budgeting, forecasting and cost- effective analysis
- Other tasks as assigned by the Department Manager
- Participate in projects related to cost management of the bank
