SVP & Head of Cost Management and Strategic Projects

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. 

• Prepare, review and analyze the annual Enablement operational expenditure budget, forecast and actuals.
• Define the structures/processes required for the booking and reporting of cost across bank
• In conjunction with enablement stakeholders, maintain control over the Enablement budgets, forecast & actuals and work as finance partner on formulating plan for optimal benefits
• Track/update lead indicators, key KPI’s linked to cost to serve and measure productivity/efficiency of the functions.
• Owner of FAB Group Cost Allocation Policy covering all attributes of cost allocations direct/indirect etc…
• Finance partner to IT for planning and forecasting future IT expenditure based on customer demand for the services and the related costs – drive total cost of ownership (TCO) and drive commercial outcomes,
• Manage centralized Group reporting around costs and manage planning/forecasting and trend analysis around cost
• Finance custodian of bank cost save initiatives and independent validation of saves reporting
• Collaborate with business and enablement on cost initiative formulation/validation and tracking as per submitted plan
• Monitor and approve procurement cost saves policy and process.  Independent reviewer and approver of all cost saves
• Ensure compliance with internal governance controls and create a work environment conducive to development of team’s potential Drive and coordinate implementation with Enablement and the Lines of Business of consistent cost allocation policy across Group. 

• Bachelor’s degree
• Required: - Professional qualified Accountant (CA, ACCA, Cost Accountant etc.) or master’s level qualification  
• SME knowledge of cost allocation and industry best practice 15+ years’ relevant experience in the banking sector with at least 10 years in similar positions of progressively increasing managerial responsibilities in the Finance function.
• Technical knowledge of IFRS re Cost booking, PPA, Fixed & Intangible Assets, Capitalisation
• Knowledge of Technology & Operations function