Cost Management Team Leader (M/F)
BIL · Luxembourg
About The Role
Your next challenge: Lead the Bank's cost management framework, ensuring effective financial steering of operating expenses, investment spending, and strategic initiatives across all business units. Act as a trusted Finance partner to Senior Management and business leaders by providing insightful analysis, challenging spending decisions, identifying optimization opportunities, and ensuring alignment with the Bank's strategic objectives. Support Executive Management, the CFO and senior governance bodies in evaluating strategic projects, transformation initiatives, investments and acquisitions through robust financial analysis and business case assessments. Develop a strong cost-conscious culture across the organization while ensuring resources are allocated efficiently to support growth, regulatory requirements, operational resilience and strategic ambitions. Lead and develop a high-performing team responsible for cost controlling, planning, analysis and management reporting. Own and continuously enhance the Bank's cost management framework, policies and governance. Lead the budget and forecasting processes for operating expenses and investment spending. Monitor cost performance against budgets and forecasts, identifying risks, opportunities and corrective actions. Lead the evolution of the Bank's cost allocation framework, ensuring transparent, accurate and business-relevant allocation of costs across customers, products, channels and business units to support profitability analysis, pricing decisions and strategic resource allocation. Act as primary Finance partner for senior executives, department heads and business leaders regarding cost management matters. Organize and lead periodic cost review meetings with ExCo members and senior management. Challenge business assumptions, investment requests and resource allocation decisions through a constructive and data-driven approach. Build strong relationships across Finance, COO, Risk, HR, CEO Office and Business Lines to ensure alignment on financial priorities. Support Management in evaluating strategic projects and transformation initiatives. Perform financial assessments of acquisitions, partnerships and strategic opportunities. Evaluate expected benefits, costs, risks and return on investment of major initiatives. Deliver timely, accurate and insightful management reporting on costs and investment performance. Conduct ad-hoc financial analyses and simulations on business initiatives, cost drivers and strategic options. Drive improvements in planning methodologies, management reporting and analytical capabilities. Promote automation and digitalization of cost management processes. Contribute to the evolution of Finance tools, data governance and performance management frameworks. Lead, coach and develop the Cost Management team. Create a culture of accountability, collaboration, continuous improvement and high performance. Ensure appropriate succession planning, talent development and capability building within the team.
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