Deutsche Bank is a client-centric global universal bank. One that is leading change and innovation in the industry – championing integrity, sustainable performance and innovation with our clients, and redefining our culture and relationships with each other.
Hiring Manager: Craig Berman
Job title: Junior Cost Governance Manager (cross category) and Reporting Assistant
Corporate title: Analyst/Associate
Division: Group Planning and Performance Management
Group Planning and Performance Management
Group Planning & Performance Management (“PPM”) was created during the course of 4Q 2015, with its purpose being to drive delivery of the bank’s strategic objectives by:
Establishing an ambitious but achievable financial and capital plan
Optimising and facilitating resource allocation decisions
Holding management accountable for their commitments
Partnering across the bank to challenge and support delivery of our externally communicated ambitions
About the Expense Line Governance (ELG) Function
As a governance function we manage four spend categories: Business Consulting, Expert Opinion, Audit/Account/Tax, Banking Services. We serve the bank’s senior leaders in governing and planning/budgeting their external vendor spend with professional services firms. We work closely with our colleagues in Global Procurement and Finance to provide:
Strategic advice : We help business divisions in executing their strategies by supporting development, alignment and prioritisation of the portfolio of projects that require external consulting and other professional service support.
A robust decision making and approval process: We manage the end-to-end process from requesting proposals to mandating providers for all in-scope external services.
“Best solutions at best price” : we carry out a commercial and content review of each engagement and manage commercial tender processes to drive best outcomes for the bank.
Spend and budget transparency : We have an in-depth knowledge of Deutsche Bank’s consulting book of work, and report the status, trends and drivers of engagements to senior management.
Necessary compliance controls : we assure that external engagements adhere to DB policies and standards.
The role in this team provides a clear career path upwards and strong cross-bank exposure to senior management.
Cost Governance (Management)
Act as advisor to Deutsche Bank management
Ensure that Consulting engagements are aligned to strategy
Support the competitive tender processes in cooperation with Global Purchasing
Contribute focussed and decision-driven content analysis
Partner with Global Purchasing in leading commercial negotiations with external consulting firms
Enforce adherence to governance processes and budgets
Support ELG operating model improvements and process optimisation globally
Assist with the analysis and forecast budget implications for cost categories in partnership with Global Purchasing, divisional COO’s and finance directors
Assist with the maintenance and improve reporting processes and tools including ensuring alignment with the bank’s strategic priorities and funding processes
Assist with actionable insights from business data reports
Assist with the timely production, and insightful reporting to senior management about the spend category book of work, trends and drivers
Assist in identifying opportunities for additional cost savings and cost avoidance
Support our interface with the External Spend Council and other cost governance bodies at DB
University degree ideally in economics / business administration with grades ‘good’ or better
Minimum of 1-2 years of work experience, ideally in management consulting or Finance
Strong Excel skills. VBA skills as advantage
Strong analytical and conceptual skills
Exceptional attention to detail
Excellent verbal and written communications
Ability to foster a good working relationship with senior management
Team player and comfortable to work and collaborate across divisions and cost categories
Expertise in conflict identification and resolution along with commercial negotiations an advantage
Good institutional knowledge within DB of advantage
Experience working in Financial Services of advantage
Deutsche Bank offers a challenging and rewarding career where your contribution is valued and rewarded. We have an inclusive and friendly working environment coupled with excellent facilities and benefits.
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.