Senior Manager – Group Cost Insights

Lloyds Banking Group

Senior Manager focusing on cost insights and optimisation initiatives for Lloyds Banking Group. Leading analysis and collaboration across teams to improve cost management and decision making.

Posted 6/30/2026full-timeEdinburgh • 🇬🇧 United KingdomSenior💰 £85,493 - £100,580 per yearWebsite

About the role

Key responsibilities & impact

Developing a deep understanding of costs, based on data and analysis and other tools e.g. benchmarking, best practice case studies
Using insights, trends and data to identify cost opportunities, and the structural changes needed longer term, for LBG to continue to be a cost leader in Financial Services
Proactively building relationships
Engaging widely with colleagues to develop a narrative about the ideas, build up evidence and advocacy, to effect change with a cost-out / optimisation benefit
Reviewing and challenging 4YOP submissions and cases with a strategic cost-optimisation mentality
Identifying and driving cost saving, or unit cost efficiency initiatives, working with stakeholders across the Group
First review and challenge of material contracts enroute to Group Cost Management Committee (GCMC)
Supporting the running of GCMC meetings and the production of excellent papers enabling effective decision making.

Requirements

What you’ll need

Strong analytical background with the ability to understand data relationships, trends analysis and create effective modelling
Ability to co-ordinate several pieces of work simultaneously without compromising timescales or quality
Proactivity and restless curiosity
A growth mindset and commercial edge
Ability to influence and engage across a range of partners on potential opportunities and to shape thinking
Ability to adapt and course correct based on feedback
Desire to take responsibility for the efficient and effective production of high-quality output and written work with attention to detail, often working independently.
Product / P&L experience

Benefits

Comp & perks

A generous pension contribution of up to 15%
An annual performance-related bonus
Share schemes including free shares
Benefits you can adapt to your lifestyle, such as discounted shopping
30 days’ holiday, with bank holidays on top
A range of wellbeing initiatives and generous parental leave policies

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Data RelationshipsTrends AnalysisCost ModellingCost Saving InitiativesStrategic Cost Management

Soft Skills

ProactivityCuriosityInfluencingAttention to DetailAdaptability