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Our client, a prestigious banking brand who has been situated in the UK for nearly 50 years, is seeking a new Head of Finance to support their CFO and manage/enhance the financial control function, leading, mentoring the wider finance team at their London HQ.
Job Purpose
- Managing Financial Control Function - Lead and mentor the finance team, fostering a culture of professional development and continuous improvement.
- Oversee the preparation and analysis of monthly, quarterly, and annual financial statements, ensuring accuracy and compliance with IFRS
- Manage the Bank's accounting practices, financial reporting, and internal controls to safeguard financial integrity.
- Develop and implement financial policies, procedures, and systems to enhance efficiency and maintain compliance with applicable regulations.
- Coordinate the budgeting process and provide financial forecasts, variance analysis, and strategic recommendations to CFO for review.
- Conduct financial analysis to assess business performance, profitability, and opportunities for growth.
- Ensure timely preparation of regulatory reports and compliance with all relevant legislation, including Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) requirements for review and approval of CFO.
- Act as a main liaise with external auditors during annual audits to ensure that audit process is smooth and completes within the approved timelines set by the Board Audit and Compliance Committee
- Provide regular updates to CFO during external audit process
- Ensure that Statutory Accounts are prepared to a high standard along with relevant disclosures
- Keep updating the IFRS requirements and new implementations
- Preparation and supervision of Management Accounts
- Manage all Group reports related to Finance function
- Supervision of Group Risk and Liquidity Reporting
- Preparation of ICAAP and RRP for review of CFO
- Work with Treasury function to complete ILAAP
- Coordinate with respective functions and prepare finance related data for various committees such as EXCO, ARCC, BRC and BACC
- Supervision of Corporate Tax and VAT returns and coordinate with External Consultants in all tax related matters
- Coordinating with Product and Analytics function in preparation of various MIS
- Assistance to CFO in BOD meetings (Finance related)
- Managing MI Pack preparation for ALCO, Management Accounts, etc.
- Review, verify and analyse the IRRBB results derived from Model maintained by the Parent Bank.
- Liaise with Internal Audit function in managing review of Finance function
Tasks and Responsibilities
- As a certified person you should have particular regard to the following responsibilities:
- Review and ensure timely submission of all Regulatory Returns
- Monthly Management Accounts
- Quarterly, Half Yearly and Yearly Statutory Financial Statements (IFRS Based)
- Review and ensure timely submission of Group Risk Reporting
- Conducting ALCO meeting being the secretary of the committee. Preparation and review of ALCO Pack
- Prepare and provide EXCO, BRC, BACC and ARCC pack information
- Assistance in preparation and updating Business Plan, ICAAP, ILAAP and RRP
- Review and ensure timely submission of VAT return
- Annual Corporate Tax Computation and Submission of Return
- Staff training and development
- Analytical Reviews
- MI Reports including MBR and other ad-hoc matters.
