VP Professional Services Expense Efficiency Lead

Vice President Professional Services Expense Efficiency

Position Overview:

The Professional Services Expense Efficiency role will be responsible for overseeing and optimizing the firms expenditures related to professional services consulting advisory legal and other thirdparty service providers. This role will develop and execute cost management strategies enhance vendor relationships and ensure compliance with internal financial policies and external regulations. The ideal candidate will have a strong understanding of expense control in a Capital Markets IT and investment banking environment as the main consumers that drive the usecase of the Professional Services onboarded in the organization. The ideal candidate must have the ability to foster a strong relationship with FP&A to drive a factbase and drivediscussions with frontoffice Businesss

Key Responsibilities:

• Establish a metric based expense model to profile expenses and drive active decisions.
• Apply industry best practice to advance the Firms strategy for consultant onboarding including with initial focus of the US talent pool and then expanding globally given regional nuances.
• Analyze monitor and report on professional services expenses to identify costsaving opportunities.
• Develop and implement strategic initiatives to optimize spending without compromising business needs.
• Partner with internal stakeholders to forecast budget and track expenses related to professional services.
• Benchmark costs against industry standards and identify areas for improvement.

Vendor & Contract Management

• Negotiate and manage contracts with 3^rd party vendors that include consultants auditors and other professional service providers such as law firms
• Assess vendor performance ensuring service levels meet contractual obligations and business expectations.
• Work with Legal Compliance and Finance teams to ensure adherence to procurement policies and regulatory requirements.

Stakeholder Collaboration

• Act as the primary liaison between Finance Procurement and Business Units to align professional services expenditures with strategic goals.
• Provide senior management with insights and recommendations on expense trends and cost control measures.
• Develop and deliver reports on expense analytics savings initiatives and vendor performance to key stakeholders.

Process Improvement & Governance

• Enhance policies and procedures for managing professional services expenses.
• Implement best practices for expense tracking invoice review and payment approvals.
• Ensure compliance with internal controls risk management protocols and external financial regulations.

Qualifications & Experience:

• Bachelors degree in Finance Business Administration Accounting or a related field; MBA or relevant certification (CFA CPA CIPS) preferred.
• 7 years of experience in expense management procurement or financial analysis within an investment bank or financial services firm.
• Strong understanding of professional services cost structures contract negotiation and vendor management.
• Experience with financial reporting budgeting and forecasting.
• Experience with IT consultant firms
• Excellent analytical problemsolving and communication skills.

Ability to influence senior stakeholders and drive cost efficiency initiatives

Primary Location Full Time Salary Range of $130000 $180000