Senior Associate/Associate, Strategic Cost Management, Group Finance

DBS Bank Ltd Date Posted: 3-Nov-2017

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Job Category:
Corporate Finance

Job Description

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function

Group Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.

The bank is also a certified Accredited Training Organisation (ATO) for the Singapore Qualification Programme by the Singapore Accountancy Commission and an Association of Chartered Certified Accountants (ACCA) Approved Employer.Responsibilities

Responsibilities

  • Define objectives and drive progress for Strategic Cost Management (SCM) outcomes, focusing on specific BU/SU areas.
  • Identification of relevant measures to quantify cost improvement opportunities.
  • Engage stakeholders to drive strategic cost improvement.
  • Support team in driving engagement with senior stakeholders and preparation for regular and ad-hoc meetings.
  • Use the unit objectives to drive engagement and progress for SCM outcomes.
  • Assist with developing Steering Committee/Management presentations and content.
  • Provide program management capability as required for the unit.
  • Support diagnostics including hypotheses generation, data collection, model development and analysis across own and virtual teams in prioritized areas.
  • Support analysis/assist stakeholders in the identification and quantification of SCM opportunities and where required assisting with driving SCM outcomes (including planning delivery).
  • Executive office reporting on goals/financials and business updates as required and preparation of materials for strategic discussions on SCM.
  • Research market benchmarks, industry best practices and other relevant data.
  • Support development of relevant frameworks to support business case quantification.
  • Support development of frameworks to identify and track opportunities.
  • Drive communications. Support development and execution of SCM communications strategy for a broad set of internal stakeholders.
  • Ad hoc help with project delivery of various projects SCM team is involved in. 

Requirements

  • Degree holder in Finance or any related field with at least 3 years of relevant experience.
  • Experience in, or willingness and ability to quickly learn diagnostic analysis, business transformation, organizational improvement, reengineering program and project management.
  • Excellent written and verbal communication skills.
  • Strong team player with keen analytical skills and attention to details.
  • Ability to resolve issues between disparate stakeholders.
  • Ability to operate independently, collaborating with senior colleagues to drive outcomes.
  • Able to work under pressure and interested in developing a career in a dynamic banking environment. 
  • Proficient in Microsoft Office applications.

Apply Now 

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function

Group Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.

The bank is also a certified Accredited Training Organisation (ATO) for the Singapore Qualification Programme by the Singapore Accountancy Commission and an Association of Chartered Certified Accountants (ACCA) Approved Employer.Responsibilities

Responsibilities

  • Define objectives and drive progress for Strategic Cost Management (SCM) outcomes, focusing on specific BU/SU areas.
  • Identification of relevant measures to quantify cost improvement opportunities.
  • Engage stakeholders to drive strategic cost improvement.
  • Support team in driving engagement with senior stakeholders and preparation for regular and ad-hoc meetings.
  • Use the unit objectives to drive engagement and progress for SCM outcomes.
  • Assist with developing Steering Committee/Management presentations and content.
  • Provide program management capability as required for the unit.
  • Support diagnostics including hypotheses generation, data collection, model development and analysis across own and virtual teams in prioritized areas.
  • Support analysis/assist stakeholders in the identification and quantification of SCM opportunities and where required assisting with driving SCM outcomes (including planning delivery).
  • Executive office reporting on goals/financials and business updates as required and preparation of materials for strategic discussions on SCM.
  • Research market benchmarks, industry best practices and other relevant data.
  • Support development of relevant frameworks to support business case quantification.
  • Support development of frameworks to identify and track opportunities.
  • Drive communications. Support development and execution of SCM communications strategy for a broad set of internal stakeholders.
  • Ad hoc help with project delivery of various projects SCM team is involved in. 

Requirements

  • Degree holder in Finance or any related field with at least 3 years of relevant experience.
  • Experience in, or willingness and ability to quickly learn diagnostic analysis, business transformation, organizational improvement, reengineering program and project management.
  • Excellent written and verbal communication skills.
  • Strong team player with keen analytical skills and attention to details.
  • Ability to resolve issues between disparate stakeholders.
  • Ability to operate independently, collaborating with senior colleagues to drive outcomes.
  • Able to work under pressure and interested in developing a career in a dynamic banking environment. 
  • Proficient in Microsoft Office applications.

Apply Now 

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

Company Overview

DBS Bank Ltd