You will be taken to Deutsche Bank’s own careers page to apply. Job ID R0452956.
Job description
Job Description: Job Title - Allocated Cost Analysis and Optimisation, AVP Location - Mumbai, India
Role Description
The “Global Cost & FTE Management Team” within PB COO deals with all topics related to cost (including allocated costs) and FTE management in the Private Bank division. We support the senior management, in particular the CEO, COO and CFO, as well as internal and group-relevant management units/committees of Deutsche Bank with the relevant questions to support decision making.
Current, historical, and forward-looking data are analyzed, prepared as well as submitted and presented to the PB committees and DB Group committees.
Major projects are also supported with focus on cost and FTE-relevant topics.
The SRC team is a new strategic team within PB COO. Service Relationship costs include both the costs received from Infrastructure divisions (TDI and non TDI) as well as front office and PB costs that are re-aligned to enable SVA performance management
You will be part of the team that is shaping how PB manage allocated cost globally and therefore will have large exposure to senior business stakeholders
What we’ll offer you As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
Best in class leave policy
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above
Your key responsibilities
The SRC team is relatively new team within PB COO created to raise awareness and knowledge of allocated cost, a key component of the role is to be able to explain this methodology to stakeholders across the organization
Given SVA focus and materiality of the cost base more focus on PB internal allocations including transfer pricing is required – there is an opportunity to build out this understanding, make process improvements and develop improved MI and transparency
TDI remains the most material cost within PB, being able to review and interpret cost information and relative allocations and to summarise findings clearly
Add governance and V&C to cost transfer pricing and be able to commercialise OEA and GSTP into simple messages for business stakeholders
Ad hoc analysis and support to senior management both to support the financial cycle and beyond
Your skills and experience
Strong analytical and cost background. Detailed knowledge of DBCM, TDI cost allocations and Transfer Pricing process a positive.
Systems knowledge such as ICAR/GGL/Apptio and Clarity is a real positive
Ability to deep dive into infra areas, understanding how allocations work and the cost drivers behind them.
Having the knowledge to be able to review and proactively support suggestions for potential PB cost saving opportunities
High level of personal initiative and commitment, ability to work under time pressure at the highest quality level.
Excellent oral and written communication skills in English;
Very good knowledge of MS standard software, as well as experience in visualizing data, facts and trends.
Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
How we’ll support you
Training and development to help you excel in your career
Coaching and support from experts in your team
A culture of continuous learning to aid progression
A range of flexible benefits that you can tailor to suit your needs
About us and our teams Please visit our company website for further information: https://www.db.com/company/company.html
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
