Senior Manager - Group Cost Insights

End Date

Salary Range

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Job Description Summary

Job Description

JOB TITLE: Senior Manager - Group Cost Insights

SALARY:  £85,493 - £100,580

LOCATION(S): Edinburgh & Bristol

HOURS: Full-time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

About this opportunity

We're a team that play a meaningful role in cost leadership for Lloyds Banking Group, striving to provide valuable insights, drive cost saving initiatives to deliver the Group’s target cost shape and ensure the effective use of the Group’s resources including our colleague reward package.

We’re a team of 12 colleagues based across Edinburgh, Bristol and London. We’re part of the Group Financial Planning & Analysis (FP&A) team within Central Finance, so we’re at the heart of the Group with a unique opportunity to work across and collaborate with teams across LBG.

The work you do and ideas you develop will inform conversations up to Group Executive Committee (GEC) level. This is a terrific opportunity if you’re bold and ambitious.

Do you have a strong sense of purpose, the diplomatic skills to influence senior people and the relationship skills needed to quickly build rapport to have meaningful conversations?

Do you enjoy leading analysis and insight to optimise costs, build operating models and contribute to wider long-term planning and business decision making?

 If yes, then I'd love to hear from you. In return, we'll give you the opportunity to expand your impact, network and operational understanding of all areas across the Group.

What you’ll be doing:

• Developing a deep understanding of costs, based on data and analysis and other tools e.g. benchmarking, best practice case studies

• Using insights, trends and data to identify cost opportunities, and the structural changes needed longer term, for LBG to continue to be a cost leader in Financial Services

• Proactively building relationships

• Engaging widely with colleagues to develop a narrative about the ideas, build up evidence and advocacy, to effect change with a cost-out / optimisation benefit

• Reviewing and challenging 4YOP submissions and cases with a strategic cost-optimisation mentality

• Identifying and driving cost saving, or unit cost efficiency initiatives, working with stakeholders across the Group

• First review and challenge of material contracts enroute to Group Cost Management Committee (GCMC)

• Supporting the running of GCMC meetings and the production of excellent papers enabling effective decision making.

Why join us?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

What we’re looking for:

• Strong analytical background with the ability to understand data relationships, trends analysis and create effective modelling

• Ability to co-ordinate several pieces of work simultaneously without compromising timescales or quality

• Proactivity and restless curiosity

• A growth mindset and commercial edge

• Ability to influence and engage across a range of partners on potential opportunities and to shape thinking

• Ability to adapt and course correct based on feedback

• Desire to take responsibility for the efficient and effective production of high-quality output and written work with attention to detail, often working independently.

• Product / P&L experience

We’re open to supporting colleagues to reskill into this role where they can bring specialist knowledge of business areas across the Group

This is a place for you

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual performance-related bonus

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 30 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

Ready to make an impact? Apply today.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks.  We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. 

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.