✨ AI Summary
The CIB DPS Planning & Analysis team seeks an Associate to lead the end-to-end Operations & Technology expense allocation process, ensuring accurate and transparent cost assignment to front-office businesses. Key responsibilities include strengthening financial controls, connecting data across enterprise tools (like SAPCO, Cognos, Apptio), reconciling variances, and preparing executive-ready insights for forecasting, budgeting, and senior leadership decisions.
Candidates must have experience with complex expense allocation or cost accounting, a strong control mindset, and proficiency in relevant enterprise finance/BI tools. The role involves significant stakeholder management and the ability to translate complex allocation drivers into clear, actionable recommendations.
Requirements
Requires experience with complex expense allocation or cost accounting in a large enterprise, strong control mindset, familiarity with allocation rules/keys, and proficiency with enterprise finance/ERP and BI tools like SAP/SAPCO, Cognos, Apptio, or Allocation Cube. Must also possess analytical storytelling skills and effective stakeholder management abilities.
Description
Join the CIB DPS Planning & Analysis team to lead the end-to-end Operations & Technology expense allocation process, ensuring accurate, transparent, and well-governed cost assignment to front-office businesses. You’ll strengthen controls, connect data across enterprise tools, and deliver executive-ready insights that inform forecasting, budgeting, and senior leadership decisions.
What you’ll do
- Own the end-to-end Ops & Tech expense allocation cycle: identify, aggregate, and assign costs to front-office businesses on a defined cadence with high accuracy and timeliness.
- Strengthen financial controls across allocation rules and billing keys; resolve cost center mismatches and blocked centers; protect operating margin through partnership with Business Managers (BMs) and Chief Technology Officers (CTOs).
- Bring deep transparency to intercompany and intracompany allocations; clearly document and explain drivers of inbound allocations to DPS from shared services and other functions.
- Standardize methodologies and governance across Ops & Tech allocation modules; drive process improvements that reduce exceptions and rework.
- Connect the dots across enterprise platforms (e.g., SAPCO corporate allocation, Cognos, Apptio, Allocation Cube); reconcile scenarios and explain variances in plain language.
- Investigate direct and indirect allocations; handle ad-hoc business queries; prepare executive-ready Business Review materials for senior front-office leadership.
- Produce detailed cost-center reporting and analysis across time, organization, and scenario dimensions; translate findings into actionable recommendations for major business lines.
- Partner with global Finance and business management on cost center setup and ongoing financial reference data maintenance.
- Support monthly forecasting, mid-year outlooks, and annual multi-year budgeting; provide value-added analytics for management reviews.
- Lead cross-functional improvements and governance; own complex variance narratives and executive materials; design standard methodologies across modules; mentor peers and drive automation/consistency.
What you’ll bring (core qualifications)
- Experience with complex expense allocation or cost accounting in a large enterprise; Ops & Tech or shared services exposure a plus.
- Strong control mindset and familiarity with allocation rules/keys, cost center structures, and margin drivers.
- Proficiency with enterprise finance/ERP and BI tools (e.g., SAP/SAPCO or equivalents, Cognos, Apptio, Allocation Cube); advanced Excel; comfort reconciling data across systems.
- Analytical storytelling skills—able to turn complex allocation drivers into clear, concise insights for senior stakeholders.
- Effective stakeholder management; ability to partner with Finance, BMs, and Technology leadership to align on methodologies and changes.