Finance change is evolving…
There is still demand for strategic ledger implementations, greater granularity of data, optimised MI and financial reporting and, of course, projects reacting to evolving regulatory pressures for capital and liquidity.
But now the finance functions are aggressively stripping back the inefficiencies and getting LEAN!
The demand for Lean or Six Sigma accredited individuals with a finance and accounting background has grown significantly and this is fast becoming the niche area of choice for many professionals in the financial services sector in London.
Traditionally Lean Six Sigma has had an established place in manufacturing – its purpose is to reduce cost by optimising the production process and demonstrating tangible benefit to its stakeholders.
More automation, less waste and ongoing sustainability of efficient processes means a leaner overall process and significant cost savings.
A few of the major banks in London have been utilising the methodology over the last couple of years and the tangible benefits have been noticed at the executive board level.
This has greatly increased the visibility, backing, funding and sponsorship of the Lean Six Sigma programmes and created opportunity for individuals with this skill set.
Below is a summary of the type of salary you can demand by level and accreditation:
|Level||Base Salary (£)||Daily Rate(£)||Expectation|
Yellow Belt accredited, or working towards it
|Associate vice president||60-80k||350-500||Green Belt accredited|
|Vice president||80-100k||500-600||Green/Black Belt accredited|
|Associate director||100-130k||600-700||Black/Master Belt accredited|
|Director||130-150k||700-900||Master Black Belt accredited|
To learn more about this evolving sector or to discuss ways in which we can assist you in the Change Management market please contact one of our consultants:
T: 0207 776 5940
T: 0207 776 5944
T: 0207 776 5949