Director Cost Managements vacancy

Job Description

. Job Title: Director Cost Management Corporate Grade: D Reports to (Line Manager s Job Title): Head of CMP Direct Reports (if applicable): 3-4 VP s Business Area: Cost Department/Function Level 1: Finance Department/Function Level 2: Cost Primary Location: Noida IAR Role N0 CBI Regulated Role No CBI Regulated Role Type List all applicable Controlled Functions and Pre-Approval Controlled Functions [CFs: 1-11, and PCFs: 1-47] please see appendix 1 and 2 for the full listing. NoNo Regulated Role NA If yes, what is the name of the regulator NA Contractual Legal Entity Please refer to link below for legal and regulatory requirement. https://confluence.barcapint.com/display/COOSRVCOSM/Strategic+Projects BX Barclays Overview Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. We are an equal opportunity employer and we are opposed to discrimination on any grounds. Working Flexibly We re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers and clients needs. Whether you have family commitments or you re a career, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.Hybrid Working We are currently operating in a hybrid working environment, meaning that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern options for the role with the hiring manager.We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We re flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances [Insert for roles based in INDIA: These requests will be reviewed and agreed for a period of time i.e., will have a start and end date.] Please discuss the detail of the working pattern options for the role with the hiring manager.About FinanceA role in Finance at Barclays gives you the chance to be part of a fast-paced team with an exciting remit. Finance partners work closely with colleagues across the business, influencing key decisions on issues from budgets and planning to regulatory compliance and risk assessment. The Barclays Finance team is a lively environment supporting current businesses and the implementation of the Barclays business strategy .About Consumption Management PartneringThe individual will support the Head of Cost Transparency within the Consumption Management Cost Partnering Team, supporting our Strategic Priorities to enable E2E Consumption Insights and support business in steering holistic actions to achieve optimal cost structures Overall purpose of role
• The Global BX Group charging structure is based on a cost plus model, whereby the Global BX Group (provider) will charge the Trading Entity (recipient) for the services plus associated cost being delivered. The total charge to the recipient will include a transfer pricing margin amount. This amount is a percentage of the charge that is defined by provider entity and service. The percentage applied is defined by the transfer pricing team.
• This role will lead the Global Hub being set up in India for Allocations and responsible for enhancing existing processes, reporting and controls whilst ensuring the flawless execution of BAU.
Key Accountabilities
• Ensure full recovery of ServCo HO cost across the bank with adequate governance, controls and operation processes.
• Work closely with the relevant teams in the organisation to define and implement effective Change Control processes impacting the monthly Billing, e.g. LE and Hierarchy restructuring, Service and IGA changes.
• Accountable for full and efficient functioning of the team. manage, organize & facilitate day to day activities. motivating and mentoring a team. Owning the monthly run book and WD cycle.
• Partner with Technology teams and data owners to define and monitor the data requirements.
• Downstream data flow and controls - ensure the monthly billing output is posted into the entity ledgers correctly and invoices and MI feeds are generated.
• Own & collaborate with all FBPs and central teams with respect to OCIR impacts i.e. MI, MTP inputs, Traceability et al
• Supporting ad-hoc requests ensuring that we meet high standards to provide a timely response to all queries
• Ensure strong processes are in place with strong control environment, adhered timeline in order to deliver accurate information in a timely manner and to the highest standards, allowing time for review by line manager and finance management
• Build/maintain financial models and scenario analysis to support senior management decision making
• Drive standardization, enhance client facing relationship, drive end-to-end process ownership, upgrade/enhance business partner and analytic capabilities
• Drive simplification of complex processes
Stakeholder Management and Leadership
• Manage and influence a senior stakeholder group including CFO and FDs of various products and segments.
• Represent Service Costing & Billing at all forums and platforms, Excellent stakeholder management experience up to D/Managing Director level, can build strong partnership with FBPs and Financial Controllers on all billing related matters, including close partnership with Hierarchy management, Service management and Reporting teams.
• Drive customer interactions and resolve complex customer issues/problems through his/her problem solving skills, knowledge of business and provide detailed financial information to customers, to help them take decisions and corrective actions (if any).
• Partner with service management to determine the service model to fulfil regulatory governance requirements, and provide them with finance support, analysis and performance reporting for all service review forums.
• Deliver commitments whilst highlighting and addressing any conduct concerns and operating within a robust governance framework.
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Keyskills :
equipment supplycost plusrisk management frameworkchange control