Job Purpose
To provide cost oversight, cost control and drive all tactical and strategic initiatives for the bank in collaboration with Business and Support Units, Regional Teams, Budgeting/MIS and Financial Controls
Key Accountabilities
- Financial Planning and Analysis - prepare annual budget in collaboration with all Units, monitor cost performance, prepare cost forecast and monthly flash. Track and monitor Branch, Sector, Segment, Channel and Product wise cost performance
- Strategic Cost Management - Help formulate annual and ad-hoc strategy to drive cost optimisation, operational efficiency and provide new ideas.
- Advanced Cost Analytics - support all Units (Institutional Banking, Consumer Banking, Treasury & Markets, Technology & Operations etc.) and stakeholders in new initiatives through detailed analysis of cost drivers and control levers
- Own the cost allocation methodology of the Bank and bring more transparency / objectivity to the model




- Stakeholder Management – Make regular presentations to senior management of the Bank on cost analysis and optimisation opportunities

Job Duties & Responsibilities
- Overall responsibility of all Units cost oversight.
- Preparation of budgets, Forecast and Flash for All Units.
- Support all ad-hoc business modelling and cost analytical reviews.
- Help timely and accurate business performance reporting on cost lines by providing and resolving as may be required - queries on cost including allocation.
- Evaluate all existing cost drivers for the Business and Support Units, challenge and justify the spend be it current technology or manpower deployment and recalibrate the cost drivers where necessary.
- Review large vendor contracts as per internal guidelines and provide finance perspective and CFO approval for such contracts.
- Track, Monitor and suggest remedial action where necessary in cost behaviours for Branch, Sector, customer Segment, Channel and Product.
- Coordinate and partner with teams for all major initiative

📌 Assistant Vice President, Specialist, Business Finance, Consumer Banking, Finance (Mumbai)
🏢 DBS Bank
📍 Mumbai