<p>The Head of Technology Cost & Expense Management is the Technology organization's single-point owner for expense discipline, cost optimization, and savings delivery. This role is exclusively focused on reducing Technology spend; challenging assumptions, surfacing inefficiencies, eliminating waste, optimizing consumption, and improving vendor economics to drive durable run-rate reductions.</p> <p>Operating as an independent cost challenger, the role establishes a measurable cost-management operating rhythm, builds executive-ready transparency into spend drivers, and partners with IT leaders, Procurement, and Finance to ensure savings are real, realized, attributable, and sustained. This is not a traditional FP&A or budget administration role; it exists internal to Technology to interrogate spend, pressure-test value, and convert insight into measurable cost outcomes.</p> <p>Key Responsibilities:</p> <p>Technology Expense & Cost Optimization</p> <p>Own the Technology cost optimization agenda end-to-end, with accountability for:</p> <ul> <li>Pipeline management (idea intake ? sizing ? business case ? execution ? realization tracking) </li><li>Expense visibility and cost-driver transparency </li><li>Savings tracking, validation, and sustainability control </li></ul> <p>Conduct recurring deep-dive reviews across all major Tech spend categories, including:</p> <ul> <li>Run vs. change spend, Managed services / outsourcing / consultants, Vendor contracts, software licensing, SaaS, Infrastructure/cloud consumption (compute, storage, network) </li><li>Non-compensation operating expenses </li><li>Proactively identify and remediate: duplication, excess capacity, under-utilized services, shelfware, fragmented vendors, idle environments, low-value subscriptions, and structural waste </li><li>Establish and monitor cost drivers, unit economics, and consumption metrics (where applicable) to enable fact-based challenge of spend levels </li><li>Drive run-rate reduction initiatives with clear owners, milestones, and realized outcomes (not just cost avoidance) </li></ul> <p>Spend Transparency & Executive Management Reporting</p> <p>Build and maintain clear, executive-ready views of Technology spend by:</p> <ul> <li>Domain, product/service, platform </li><li>Vendor/contract, category, run-rate </li><li>Cost center, run vs. change </li></ul> <p>Produce monthly executive reporting that highlights:</p> <ul> <li>Run-rate movements, key drivers, exceptions, and actions required </li><li>Savings pipeline health (planned vs. in-flight vs. realized) </li><li>Top cost risks, emerging pressure points, and decision points </li><li>Translate complex cost data into decision-ready narratives that drive action, accountability, and prioritization (not reporting for reporting's sake) </li></ul> <p>Financial Governance & Expense Controls (Cost-Focused)</p> <p>Serve as the Technology expense governance lead (in partnership with Tech Finance), ensuring spend is:</p> <ul> <li>Intentional, justified, and optimized </li><li>Evaluated against lower-cost alternatives and reuse options </li><li>Aligned to cost reduction objectives and standards to prevent proliferation </li></ul> <p>Own a monthly operating cadence for expense discipline, including:</p> <p>Non-compensation expense deep dives and variance explanations</p> <ul> <li>Vendor run-rate reviews, renewal/true-up readiness, and accrual accuracy checks (expense-focused) </li><li>Corrective action plans for run-rate creep and emerging cost risks </li><li>Implement/strengthen key controls where appropriate (e.g., approval workflows, purchasing standards, "no PO/no pay", renewal calendars, usage validation) </li></ul> <p>Vendor & Third Party Cost Optimization</p> <ul> <li>Partner with Procurement and Technology leadership to improve vendor economics through contract renegotiation, consolidation, and usage optimization. </li><li>Act as a senior review point for major vendor spend and commercial decisions. </li><li>Continuous Cost Improvement </li><li>Drive ongoing identification of cost optimization opportunities and recommend structural changes that prevent spend re accumulation. </li><li>Promote sustained expense discipline through repeatable review processes and accountability. </li></ul> <p>Qualifications & Experience</p> <ul> <li>Significant experience in technology expense management, cost optimization, financial governance, procurement/COO functions, preferably in financial services </li><li>Demonstrated track record of delivering realized savings through vendor and consumption optimization </li><li>Strong commercial judgment and comfort challenging vendor economics and internal assumptions </li><li>Highly analytical; able to isolate cost drivers, quantify leakage, and build defensible savings cases </li><li>Executive-ready communicator; translates spend detail into crisp decisions and actions </li><li>Able to operate with independence and authority in a matrixed environment, driving accountability without direct ownership </li></ul> <p>Preferred</p> <ul> <li>Experience in investment banking/capital markets Technology organizations </li><li>Familiarity with Tech spend constructs and taxonomies (run/change, capex/opex, managed services, licensing, consumption models) </li><li>Experience with major spend categories: cloud/infrastructure, software licensing/SaaS, market data, telecom, managed services </li><li>Experience operating in regulated environments with strong governance and audit expectations </li></ul> <p>Primary Location Full Time Salary Range of $175,000 - $200,000.</p>