VP, Head of Technology Cost Management

{"description": " Job Description

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.

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.

Key Responsibilities:

Technology Expense & Cost Optimization
Own the Technology cost optimization agenda end-to-end, with accountability for:

• Pipeline management (idea intake ? sizing ? business case ? execution ? realization tracking)
• Expense visibility and cost-driver transparency
• Savings tracking, validation, and sustainability control

Conduct recurring deep-dive reviews across all major Tech spend categories, including:

• Run vs. change spend, Managed services / outsourcing / consultants, Vendor contracts, software licensing, SaaS, Infrastructure/cloud consumption (compute, storage, network)
• Non-compensation operating expenses
• Proactively identify and remediate: duplication, excess capacity, under-utilized services, shelfware, fragmented vendors, idle environments, low-value subscriptions, and structural waste
• Establish and monitor cost drivers, unit economics, and consumption metrics (where applicable) to enable fact-based challenge of spend levels
• Drive run-rate reduction initiatives with clear owners, milestones, and realized outcomes (not just cost avoidance)

Spend Transparency & Executive Management Reporting
Build and maintain clear, executive-ready views of Technology spend by:

• Domain, product/service, platform
• Vendor/contract, category, run-rate
• Cost center, run vs. change

Produce monthly executive reporting that highlights:

• Run-rate movements, key drivers, exceptions, and actions required
• Savings pipeline health (planned vs. in-flight vs. realized)
• Top cost risks, emerging pressure points, and decision points
• Translate complex cost data into decision-ready narratives that drive action, accountability, and prioritization (not reporting for reporting's sake)

Financial Governance & Expense Controls (Cost-Focused)
Serve as the Technology expense governance lead (in partnership with Tech Finance), ensuring spend is:

• Intentional, justified, and optimized
• Evaluated against lower-cost alternatives and reuse options
• Aligned to cost reduction objectives and standards to prevent proliferation

Own a monthly operating cadence for expense discipline, including:

Non-compensation expense deep dives and variance explanations

• Vendor run-rate reviews, renewal/true-up readiness, and accrual accuracy checks (expense-focused)
• Corrective action plans for run-rate creep and emerging cost risks
• Implement/strengthen key controls where appropriate (e.g., approval workflows, purchasing standards, \"no PO/no pay\", renewal calendars, usage validation)

Vendor & Third Party Cost Optimization

• Partner with Procurement and Technology leadership to improve vendor economics through contract renegotiation, consolidation, and usage optimization.
• Act as a senior review point for major vendor spend and commercial decisions.
• Continuous Cost Improvement
• Drive ongoing identification of cost optimization opportunities and recommend structural changes that prevent spend re accumulation.
• Promote sustained expense discipline through repeatable review processes and accountability.

Qualifications & Experience

• Significant experience in technology expense management, cost optimization, financial governance, procurement/COO functions, preferably in financial services
• Demonstrated track record of delivering realized savings through vendor and consumption optimization
• Strong commercial judgment and comfort challenging vendor economics and internal assumptions
• Highly analytical; able to isolate cost drivers, quantify leakage, and build defensible savings cases
• Executive-ready communicator; translates spend detail into crisp decisions and actions
• Able to operate with independence and authority in a matrixed environment, driving accountability without direct ownership

Preferred

• Experience in investment banking/capital markets Technology organizations
• Familiarity with Tech spend constructs and taxonomies (run/change, capex/opex, managed services, licensing, consumption models)
• Experience with major spend categories: cloud/infrastructure, software licensing/SaaS, market data, telecom, managed services
• Experience operating in regulated environments with strong governance and audit expectations

Primary Location Full Time Salary Range of $175,000 - $200,000.

About Us

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual's experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.", "salary_raw": "Row(double=None, string=None)"}