Vice President-US Cost Management

TD Bank•New York, NY

About The Position

Vice President – US Cost Management Job Description This Vice President – Cost Manager is a key member of the TDS US Finance Team. The role is a newly created role focused on cost management to support profitability, efficiency, and long-term growth in the region, assist the global team and help support specific cost saving initiatives. Strategic : Support US business performance targets and responsible for partnering on financial planning & forecasting, reporting, and Plan as it relates to Cost (expense) lines in the chart of accounting. Global fte/comp analysis for business segments Provide analytics to drive segment discussions including TDS Senior Executive Team (SET) presentation materials as well as external/public storytelling of the Segment. Monthly Board Reporting for the US Region relating to details on expense analytics and commentary. Coordination with partners to ensure proper analysis, challenge, and oversight of regional reporting Analysis of booking models & impacts on business line reporting Business advisory and ad hoc support Proactively identify cost opportunities, analyze data on material components of spend and provide constructive options to find efficiencies and savings enabling business decisions and management actions Telling the financial cost story, linking the strategic priorities and accomplishments of the group while providing value-added advice to gain financial efficiencies while optimizing group effectiveness Planning, Analysis, and Insights: Performance measurement, reporting, and metrics to improve transparency and establish cost management strategies (targets). Clear, effective, and timely reporting. Provide input into the budgeting and forecasting process to ensure cost assumptions are accurate and realistic Monitor actual vs forecasted costs and flag variances Function as the cost management expert and lead on Finance change projects to improve systems, processes and outputs that relate to cost management Manage the Performance Measurements, and Insights organization (people, expenses, other stakeholders including internal and external partners (e.g., regulators, auditors) Analyze financial data and prepare reports on cost variances, identifying areas for improvement and recommending corrective actions. Provide training and support to staff on cost control procedures and best practices. Monitor and report on market trends and pricing strategies to help guide decisions. Collaborate with cross-functional teams to achieve targets while managing costs effectively.

Requirements

Bachelor's degree
Excellent oral and written communication skills
10+ years of Finance experience at a global financial institution.
Excellent interpersonal, organizational, and leadership skills.
Client service skills – the candidate must demonstrate the judgment and ability to closely partner with and advise senior and line managers and other stakeholders on cost management
Strong analytical skills, attention to detail, solid judgment, and the ability to evaluate complex regulatory business issues.
Advanced project management skills and ability to manage multiple work streams involving different partners and groups, with limited oversight and direction.
Ability to thrive in a fast-paced, deadline-driven environment, including by demonstrating excellent time management and planning skills, along with the ability to handle multiple assignments at the same time.
Ability to interact effectively with all levels of the organization and to collaborate with various teams.
A relationship builder with the ability to establish, develop and maintain effective working relationships with regulators and with business and functional partners at the firm.
Proficient in Word, Excel, and PowerPoint

Responsibilities

Support US business performance targets and responsible for partnering on financial planning & forecasting, reporting, and Plan as it relates to Cost (expense) lines in the chart of accounting.
Global fte/comp analysis for business segments
Provide analytics to drive segment discussions including TDS Senior Executive Team (SET) presentation materials as well as external/public storytelling of the Segment.
Monthly Board Reporting for the US Region relating to details on expense analytics and commentary.
Coordination with partners to ensure proper analysis, challenge, and oversight of regional reporting
Analysis of booking models & impacts on business line reporting
Business advisory and ad hoc support
Proactively identify cost opportunities, analyze data on material components of spend and provide constructive options to find efficiencies and savings enabling business decisions and management actions
Telling the financial cost story, linking the strategic priorities and accomplishments of the group while providing value-added advice to gain financial efficiencies while optimizing group effectiveness
Performance measurement, reporting, and metrics to improve transparency and establish cost management strategies (targets).
Clear, effective, and timely reporting.
Provide input into the budgeting and forecasting process to ensure cost assumptions are accurate and realistic
Monitor actual vs forecasted costs and flag variances
Function as the cost management expert and lead on Finance change projects to improve systems, processes and outputs that relate to cost management
Manage the Performance Measurements, and Insights organization (people, expenses, other stakeholders including internal and external partners (e.g., regulators, auditors)
Analyze financial data and prepare reports on cost variances, identifying areas for improvement and recommending corrective actions.
Provide training and support to staff on cost control procedures and best practices.
Monitor and report on market trends and pricing strategies to help guide decisions.
Collaborate with cross-functional teams to achieve targets while managing costs effectively.

Benefits

Growth opportunities and skill development are defining features of the colleague experience at TD.
Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.
Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

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