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Financial Controller

 

Job Purpose:

To manage the financial, accounting, operational and administration functions of the Bank.

 

Ensuring that the financial controls, regulations and plans of the bank are met in a timely manner.

 

Preparation of ICAAP Report and Submission to the Board for approval to submit to the Regulator by the end of June annually.

 

Accountabilities:

Accounts:

  1. Ensure compliance with statutory and regulatory standards by ensuring that proper accounting records are maintained.
  2. Manage and oversee that statutory financial reporting, such as FCA/PRA, Bank of England, VAT and Corporation Tax is prepared and submitted within set timeframes.
  3. Ensure compliance with laws, standards and regulations relating to the Bank’s financial reporting and accounting function.
  4. Responsible for monitoring capital adequacy including the preparation and submission annually of the Bank’s ICAAP document and monitor the adequacy of liquidity in compliance with FCA/PRA requirements and report to MD/ALCO.
  5. Produce management accounts, annual budgets and support the production of business plans.
  6. Monitor and oversee that ad hoc internal and external reports are completed within set timeframes.
  7. Report risks identified to relevant bodies immediately in writing including suggested counter measures.
  8. Through cost benefit analysis, develop and implement overhead cost reduction programmes in management accounts.
  9. Manage financial procedures.
  10. Prepare Published IFRS Accounts and supporting information for External Auditors.
  11. Manage and oversee preparation of annual budget with input from General Management, Treasury, branches, and departments.
  12. Provide financial input into the business development plans to ensure that proposed projects are commercially viable.
  13. To generate information required by budgeting, forecasting, and planning processes.
  14. Ensure all expenditure is authorised, all assets safeguarded and all liabilities recorded to the benefit of the Bank.
  15. Assist in ensuring the Bank complies with regulations of Companies Act in terms of rotation, registration/retirement of directors and submission of accounts/reports.
  16. Management of Financial Control and Accounts.
  17. Manage the Treasury Back Office function.
  18. Maintain awareness of regulatory and commercial legislation.
  19. Ensure large exposures are identified and monitored in accordance with FCA/PRA Handbook.
  20. Report any irregularity or breach of any policy or requirement, internal or external to the Managing Director.
  21. Be aware of potential money laundering transactions and report any suspicions to MLO or deputy.

 

Report any irregularity or breach of any policy or requirement, internal or external, to the Managing Director.

To undertake other duties appropriate to the grade and character of the work as may reasonably be required. The list of duties in the job description should not be regarded as exclusive or exhaustive.

 

Experience/Skills/Knowledge

  1. Preferably educated to degree level.
  2. Qualification of ACA/CIMA/ACCA is required.
  3. Minimum of 3 years post qualification experience, including cross section of commercial and control experience.
  4. Sound knowledge of general banking, the Banking Act and Code of Practice.
  5. Proven experience of managing a finance team, preferably in a bank.
  6. Proficient in Microsoft Excel, Sage and STB.
  7. Spreadsheet and presentation skills
  8. Analytical skills
  9. A responsible, enthusiastic, self-motivated and flexible approach to work
  10. A demonstrable ability to work carefully and accurately at all times.
  11. Proven ability in team leadership, and people management.
  12. Knowledge and understanding of relevant risk, compliance and audit standards.

 

Equal Opportunities

To be able to demonstrate a commitment to the principles of The Bank’s Equal Opportunities and be able to carry out duties in accordance with this policy.

 

Key Competencies:

Assistant General Managers/ Area Managers/ Senior Managers must be committed to promoting Treating Customers Fairly as an embedded methodology and ensure they receive and act upon appropriate MI which is timely, accurate, relevant, and consistent.

 

Treating Customers Fairly (TCF): All staff must be aware and understand the FCA/PRA’s requirements regarding Treating Customers Fairly (TCF) incorporated in the Bank’s Policy and remain committed to ensuring the 6 outcomes are achieved.

 

It is the duty of the Executive and Senior Management to ensure day-to-day activities are performed to agreed service standards where applicable, and in accordance with all policies and procedures prescribed by the Board.

 

It is the duty of the Directors of the Bank, the Executive and Senior Management to set and be seen to set the highest ethical standards, maintaining professional integrity and avoiding situations that could lead to a conflict of interest.

 

Attention to Detail:  Ensures that information is correctly processed and that work complies with relevant internal/external rules, procedures and regulatory requirements.

 

Team Working: Works co-operatively with others; openly exchanging information where appropriate and supporting colleagues to achieve departmental goals.

 

Planning and Control: Achieves departmental goals by establishing priorities and managing time efficiently.

 

Leading others: Builds successful and motivated teams who consistently excel in the achievement of business goals. Commits time and effort to coach others in new processes or techniques, providing honest and constructive feedback.

 

Making Good Decisions Selects the best course of action based on the available information and accepts personal responsibility for the outcome.

 

Bringing innovation to problem solving Continuously improves the business by generating new and practical ways of doing things in order to solve problems and gain competitive advantage.

 

Adapting to change and uncertainty Improves personal effectiveness in response to changes at work by identifying new learning and self-development opportunities that arise from the change and working towards them.

 

Training and Competence Keep up to date with relevant developments in marketing and Anti- Money Laundering and Countering Terrorist Financing matters by taking annual AML and CBT tests.

 

Self-Motivation Carry out every task set to the best of your ability, looking for ways to improve performance and standards, setting personal goals at or beyond business expectations.

 

Suggested Performance Measures

  • Effective control and use of all available resources
  • Timely submission of regulatory reports.
  • Timely completion of own and departmental work
  • Adherence to procedures and regulations
  • Contribution to the Bank’s objectives
  • Contribution to continuous improvement
  • Effective planning and project implementation capabilities

 

Other Responsibilities

Carry out any other duty as required by the Executive.

  • Member of Business Development
  • Member of Executive Risk Committee
  • Member of ALCO (Assets and Liability Committee)
  • Member of Credit Committee
  • Member of Crisis Committee
  • Attendee at Audit Committee

 

Our client is an equal opportunity employer and ensures that no applicant is subject to less favourable treatment on the grounds of gender, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, responsibilities for dependants, physical or mental disability. Candidates are selected for interview based on their skills, qualifications and experience.

 

Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

 

For further information, please contact: 

Enrico Castagnetti, Wintermann Search & Selection Limited

Mobile:       +44 (0)7711 267500

Email:         enrico@wintermann.co.uk

 

 

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