Savings Governance Lead, FFG Procurement & Property

Overview

Supply Chain Management (SCM) is responsible for the strategic direction and governance of all third-party spend, which accounts for over 40% of the bank’s cost base. The Procurement and Property FFG transversal stream has responsibility to deliver USD 193m of cost reduction, and to support an additional USD 550m of additional saves relating to third-party costs in TTO.

This role is for an experienced Supply Chain practitioner to verify, validate and submit Fit For Growth cost saves relating to third parties. To qualify as FFG cost savings, saves need to be a real year-on-year reduction in a cost line in the P&L, sustainable for multiple years, and need to be removed from budgets to ensure that they reach the bottom line of the bank. The role holder will be responsible for working with the Global Category Managers to identify potential savings opportunities, determining the validity for FFG submission, creating the artefacts and leading approval discussions with Finance colleagues and the impacted business or function. This role will also have the responsibility of determining allocations of saves to businesses and functions and interlocking the savings as part of the bank’s budgeting and planning process.

The successful candidate will work closely with the FFG Procurement and Property Portfolio Head, the Global Head of Supply Chain Management, the Global Category Services and Technology heads and the Global Category Leads to ensure that savings made are recording and the FFG targets are met.

Key Responsibilities

Strategy

• Excellent understanding of SCM, Finance and the organizational structure of the bank
• Good understanding of the Bank’s vision and strategy appropriate to the role
• Thorough understanding of the Fit For Growth programme and how this ties in with the strategic goals of the Bank

Business

Processes

Risk Management

Regulatory & Business Conduct

Qualifications

Skills and Experience

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 :

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.

#J-18808-Ljbffr