Head of Financial Control - London, United Kingdom - Charles Stanley

Charles Stanley

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

You will be responsible for leading the financial control functions with the primary purpose of establishing and maintaining a comprehensive set of rules, processes, and accountabilities.

In addition, you will ensure that day-to-day activities are optimised through on-going continuous improvement initiatives.

Key Areas of Responsibility:

Financial Control:

Ensure that the Finance Department's Risk and Control selfassessment is kept up to date by assessing key risks and mitigating controls, including periodic testing of their effectiveness.
Act as a focal point and escalation route for the Finance Department's 1LOD activities; driving risk management culture and behaviours through regular interactions with colleagues across the department.
Develop finance control framework to ensure it is fit for purpose by mitigating risk across financial functions by:
Mapping key process flows and identifying potential failure points
Developing appropriate key risk and early warning indicators
Ensuring appropriate policies and procedures are put in place to mitigate key risks
Periodically testing that such policies and procedures are being adhered to and achieving agreed risk appetite limits
Monitor progress on selfidentified 1LOD management actions to mitigate the risks and control issues or gaps from the RCSAs, as well as the actions from 2LOD (Compliance & Risk) and 3LOD (Internal audit) reviews.
Monitor and report upon the Finance Department's ability to operate within risk appetite, ensuring that potential issues are identified, escalated and managed quickly and appropriately.
Facilitation of the balance sheet attestation process.
Support the Operational resilience of the department by coordinating the review and testing of the department's business continuity plan and participating in scenario testing.
SOX reporting to Group Finance function and liaison on SOX reviews.

Treasury Management:

Treasury and cash management in line with Treasury Policy and Liquidity Risk Framework, including also responsibility for maintenance of the firm's Contingency Funding Plans.
Manage banking relationships.
Management of cash forecasting cycle including prompt delivery following completion of budget and other business projections.
Regular reporting deliverables on cash balances to Group Finance function.
Responsibility for liquidity elements of the ICARA and cash balance and cashflow information for regulatory returns.
Liaison with external bodies including FCA, external auditors and internal auditors where applicable.

Leadership & Teamwork:

Lead by example and set the right 'tone from the top'.
Flexible to adapt role depending on changing needs and priorities.
Ensure that members of the Financial Control team have clearly delegated authorities, functions and tasks and are adequately trained and supervised.
Realise potential, work together to work better, ensure ongoing collaboration with the other Finance teams to improve the overall performance of the function.
Liaise with other Group control functions, notably Group Risk, to ensure control activities are complementary, not repetitive.
Regular 121s and quarterly appraisals with team providing direction towards achieving objectives.
Positive approach to assisting team members in development of the career and realisation of their potential.
Contribution and constructive challenge at team meetings.
Effective management of resources.

Qualifications & Experience:

Fully qualified accountant with minimum eight years post qualified experience gained from working within a regulated environment.
Preparation and review of all aspects of Finance department operations within a regulated environment.
Analysis of control effectiveness through an external or internal audit background.

Knowledge & Skills:

Ability to stay knowledgeable about, research and reach wellreasoned conclusions on control issues.
Good understanding of the tools and techniques of Risk Management.
An ability to analyse a process, system, or deliverable with an eye for detail.
Effective verbal and written communicator.
Strong leadership skills and emotional intelligence.
Excellent stakeholder management skills at all levels.
Proactive approach with the ability to challenge the status quo and to contribute towards delivery of the business strategic plan.
Strategic thinking and leadership experience with an emphasis on relationship management and communication at all levels.
Facilitate and coordinate multiple deadlines, create cohesive teams, and respond quickly to management requests.
Proven ability to perform under pressure and adjust plans to meet changing needs and requirements.