Savings Governance Lead, FFG Procurement & Property

Job Summary

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 Fit For Growth (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 recorded and the FFG targets are met.

Key Responsibilities

• 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
• Along with the Global Category Leads, work with business and function stakeholders to agree FFG savings
• Facilitate and influence cross business / function partnerships to meet common spend controls and goals.
• Awareness and understanding of the wider business and functional responsibilities and coordination challenges, economic and market environment in which the Group operates, bringing these into supplier spend and save governance.
• Strong appetite to get into detailed discussion with Global Category Leads, CFOs, functions and businesses on their third-party spend to help address the challenges of interlock between the FFG transversal savings and the function / business budget savings.
• Establish and lock-down the process for Procurement and Property FFG savings verification and approval across the bank.
• Ensure accurate reporting of sustainable savings.
• Work closely with Finance to ensure that savings are accurately reflected in the budgeting process, and build the pathway for this to be an ongoing activity.
• Identify and deliver actions to improve the quality of deliverables based on monitoring and reporting activities and management information.
• Stakeholder Management - establish working relationships with key stakeholder across the portfolio.
• Ensure that FFG initiatives are on track and work with SCM and CRES colleagues to track savings against business case commitments.
• Assist with production of accurate and quality materials for Scorecards, Weekly reports, Steerco, Refinement Forums and other meetings materials and deliverables.
• Ability to communicate effectively and comfortably with different levels of seniority across the organisation.
• Monitor, maintain, manage and elevate risks relating to delivery of the Procurement and Property FFG transversal stream.
• Take personal responsibility for understanding the risk and compliance requirements of my role. Understand and comply with applicable laws and regulations, the Groups policies, procedures and the Group Code of Conduct.
• Effectively identify, escalation, mitigate and resolve risk and compliance matters. Contribute to culture in which all stakeholders feel safe to raise concerns and where risk and compliance matters are addressed and misconduct appropriately dealt with.
• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• By a strong part of the Procurement and Property FFG Portfolio team to ensure outcomes set out in the Bank’s Conduct Principles : (Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalation, mitigate and resolve risk, conduct and compliance.

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.

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