Executive Manager, Expense Management

Job title: Executive Manager, Expense Management

Company: Commonwealth Bank of Australia


Job description: “At CommBank we are proud to support flexibility, let’s discuss what this means for you”The Commonwealth Bank of Australia (Bank) is Australia’s leading provider of integrated financial services. We are committed to continuously improving governance practices and ensuring that they are aligned with business, stakeholders, and customers’ needs.In Financial Services, we support the Group’s strategy of building tomorrow’s bank today for our customers, through a focus on three key priorities of trust, resilience, and capital generation. Financial Services partner with all areas of CommBank to provide specialist advice, support, and services in finance, audit, treasury, property, procurement, climate strategy, and investor relations.See yourself in our teamOur RBS (Retail Banking Services) Finance team operates as a business partner integrated with the management of the product and distribution businesses, yet with a one-step removed status to promote objectivity and independence of analysis and advice.The team adds value through planning, reporting, and decision support to line management to promote operational and financial efficiency, productivity delivery, and customer service quality.Do work that mattersAs the Executive Manager, Expense Management, you will lead and oversee the financial management and cost optimisation strategies for the RBS business and leadership team.You will be a key partner to the RBS business, providing strategic advice on optimal expense allocation/investments and productivity opportunities.We’re interested in hearing from people who will aspire to

• Provide strategic advice on managing a cost base of ~$5bn per annum and support workforce management of ~16k FTE.
• Articulate key business drivers, provide critical insights to drive debate, and deliver value-add analysis across the RBS portfolio of products and businesses.
• End-to-end ownership of RBS expense and productivity management, including strategy and budget setting, performance reporting, forecasting, investment spend, financial control, and cost optimisation/productivity reporting.
• Formulate actionable analysis and insights to drive RBS performance and strategy.
• Prepare high-quality presentations and supporting analysis/insight for senior management (RBS Group Executive, CFO, Retail Leadership Team, and Group Finance).
• Build strong relationships with key customers and stakeholders, including RBS Finance Teams, BU & SU Finance teams, Group Finance, Group Accounting Policy, Group Cost Transparency, and Pace (Agile) Management teams, and business stakeholders.
• Lead a team of 12, including 4 direct reports, with a focus on attracting, promoting, and rotating talent and creating an inspiring and nurturing work environment.
• Actively drive process improvement, simplification, and cross-skilling across the RBS Performance Management team.
• Adhere to the Code of Conduct, which sets the standards of behaviour, actions, and decisions we expect from our people.

Other qualities you may possess include

• Financial Services experience in a banking environment is preferable.
• High degree of commercial acumen.
• Strong experience in financial performance management.
• Strong analytical and commercial skills, with demonstrated ability to draw insights from analysis.
• Strong leadership and team management skills.
• Innovative and able to drive results.
• Excellent verbal, written communication skills, and critical thinking skills.
• Ability to prioritise and manage multiple deliverables.

Your qualifications

• Graduate qualifications in a numerate discipline – finance/business.
• A post-graduate qualification (e.g., ICA/CPA, MBA).

Working with us meansWhether you’re passionate about customer service, driven by data, or called by creativity, a career here is for you. At CommBank, we advocate and facilitate a culture of inclusion and respect, celebrating all cultures, abilities, genders, expressions of gender, and sexual orientation. Read more about our commitment to inclusion and diversity on our website.Our people bring their diverse backgrounds and unique perspectives to build a respectful, inclusive, and flexible workplace. We are working hard to recruit people who represent the diversity of our customers and our society. If you’re excited about this opportunity but you don’t meet every single requirement, or your experience doesn’t align perfectly, we still want to encourage you to send in your application. You may just be the perfect candidate for this opportunity or another within CommBank.At CommBank, we will inspire you with work that makes a difference, surround you with talented people that respect and value each other, and empower you to grow professionally and personally. Most of all, making a positive impact for customers, communities, and each other is part of our every day.We’re determined to make a real difference for Australia’s first peoples. We encourage all interested applicants to apply. If you’re already part of the Commonwealth Bank Group (including BankWest), you’ll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.Apply Now to live your best life, by doing your best work with us!If you’re already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you’ll need to apply through to submit a valid application. We’re keen to support you with the next step in your career.We’re aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696.Advertising End Date: 18/05/2025

Expected salary:

Location: Sydney, NSW

Job date: Thu, 15 May 2025 04:20:53 GMT

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