Cost Management Team Leader (M/F)

BIL is a leading player in Luxembourg's financial market. Founded in 1856 as the country's first bank, BIL has contributed significantly to the development of Luxembourg's social and economic landscape. Today, BIL operates across digital banking, wealth management and corporate finance, supporting individuals, entrepreneurs, businesses, and both private and institutional investors. Headquartered in Luxembourg, BIL employs more than 1,800 people and maintains a presence in key financial centers including Luxembourg, Switzerland, France and China. As a major player in Luxembourg's finance industry and as a signatory of the UN Principles of Responsible Banking, BIL is committed to handing over a responsible and sustainable bank to future generations.

Your next challenge:

• Lead the Bank's cost management framework, ensuring effective financial steering of operating expenses, investment spending, and strategic initiatives across all business units.
  
• Act as a trusted Finance partner to Senior Management and business leaders by providing insightful analysis, challenging spending decisions, identifying optimization opportunities, and ensuring alignment with the Bank's strategic objectives.
  
• Support Executive Management, the CFO and senior governance bodies in evaluating strategic projects, transformation initiatives, investments and acquisitions through robust financial analysis and business case assessments.
  
• Develop a strong cost-conscious culture across the organization while ensuring resources are allocated efficiently to support growth, regulatory requirements, operational resilience and strategic ambitions.
  
• Lead and develop a high-performing team responsible for cost controlling, planning, analysis and management reporting.
• Own and continuously enhance the Bank's cost management framework, policies and governance.
  
• Lead the budget and forecasting processes for operating expenses and investment spending.
  
• Monitor cost performance against budgets and forecasts, identifying risks, opportunities and corrective actions.
  
• Lead the evolution of the Bank's cost allocation framework, ensuring transparent, accurate and business-relevant allocation of costs across customers, products, channels and business units to support profitability analysis, pricing decisions and strategic resource allocation.
• Act as primary Finance partner for senior executives, department heads and business leaders regarding cost management matters.
  
• Organize and lead periodic cost review meetings with ExCo members and senior management.
  
• Challenge business assumptions, investment requests and resource allocation decisions through a constructive and data-driven approach.
  
• Build strong relationships across Finance, COO, Risk, HR, CEO Office and Business Lines to ensure alignment on financial priorities.
• Support Management in evaluating strategic projects and transformation initiatives.
  
• Perform financial assessments of acquisitions, partnerships and strategic opportunities.
  
• Evaluate expected benefits, costs, risks and return on investment of major initiatives.
• Deliver timely, accurate and insightful management reporting on costs and investment performance.
  
• Conduct ad-hoc financial analyses and simulations on business initiatives, cost drivers and strategic options.
• Drive improvements in planning methodologies, management reporting and analytical capabilities.
  
• Promote automation and digitalization of cost management processes.
  
• Contribute to the evolution of Finance tools, data governance and performance management frameworks.
• Lead, coach and develop the Cost Management team.
  
• Create a culture of accountability, collaboration, continuous improvement and high performance.
  
• Ensure appropriate succession planning, talent development and capability building within the team.

Your skills:

• Master's Degree in Finance, Economics, Business Administration or related field. CFA, ACCA, CIMA or equivalent qualifications considered an advantage.
  
• Minimum 12-15 years of experience in FP&A, Finance Business Partnering, Cost Management, Corporate Finance, Strategy or related fields within financial services.
  
• Minimum 5 years in leadership positions managing teams and engaging directly with executive management.
  
• Fluency in French and English. Luxembourgish and/or German considered an asset.
  
• Strong understanding of banking products, business models, profitability drivers, financial planning processes and performance management. Knowledge of banking regulatory environment and capital considerations is an advantage.
  
• Advanced Excel and financial modelling skills. Strong knowledge of financial planning, reporting and data visualization tools. Experience with Procure-to-Pay (P2P) systems, Power BI, Microstrategy, or similar tools is a plus.
  
• Excellent communication and influencing skills.
  
• Ability to engage and challenge senior stakeholders constructively.
  
• Strategic mindset combined with strong analytical capabilities.
  
• Excellent presentation skills and ability to translate complex financial information into actionable recommendations.
  
• Strong leadership and change management capabilities.
  

BIL offers a broad range of challenging projects and a huge choice of career paths .We will assist you in finding the one that best meets your skills and expectations. Your personal development is our priority and we greatly encourage you to dive into different business areas for the broadest possible experience.
BIL is firmly of the opinion that diversity & inclusion contribute towards increasing the collective performance of the Bank. We are committed to creating a culture of inclusion that encourages individual development with equal opportunities for all.

NB: The selected candidate will be asked to provide an extract from the criminal record (no.3) as evidence of integrity and justified with regard to the specific needs of the position to be filled. Other documents will be collected, to the extent legally permitted, to perform background checks.