Our client is an international bank based in London. They are seeking to employ an experienced Financial and Regulatory Reporting Officer
Ideally the successful candidate will have a strong Banking or Financial Services background, with a sound understanding of both VAT and TAX, board packs with commentary and preparing management accounts.
Job Purpose
The main purpose of the role is to prepare and submit monthly and yearly financial and management accounts, commentary and financial analysis for the Bank. To manage and supervise the Assistant Manager, Finance and to perform other finance duties as and when required and as listed below.
Duties and responsibilities include;
- Prepare and oversee the preparation of financial reports, including balance sheets, income statements and cash flow statements, ensuring accuracy, completeness and compliance with the relevant accounting standards (UK GAAP/ IFRS).
- Perform timely financial analysis to interpret and explain variances, trends and other key financial metrics, helping management to make informed decisions based on the financial performance of the bank.
- Responsible for the production or review of the annual corporation tax return, quarterly tax payments, quarterly VAT returns and yearly BBSI return.
- Prepare disclosure notes for the annual financial statements (under UK GAAP/IFRS) including analysis. Collaborate with external auditors during the audit process, providing them with necessary documentation, explanations, and support to facilitate the completion of the audit in a timely manner.
- Establish and maintain robust internal controls over financial reporting processes to safeguard the accuracy and reliability of financial data.
- Supervise the day-to-day activities of the Assistant Manager, Finance, providing guidance, training, and support to ensure their professional development and the achievement of departmental goals.
- Review the activities of the Assistant Manager, Finance, including expense and supplier payments, balance sheet and nostro reconciliations and other matters for financial, vat, tax and regulatory reporting.
- Assist the Regulatory Reporting Manager with the completion of the quarterly FINREP regulatory returns and any other relevant ad-hoc regulatory reports.
- Assist with on-going system, process and control improvements and ensure the integrity of financial data. Establish and maintain effective internal controls over financial reporting processes to mitigate the risk of errors or fraud.
- Identify opportunities to streamline financial reporting processes, enhance efficiency, and improve the quality of financial information provided to stakeholders.
- Ensure compliance with laws and regulations relating to the Bank’s financial reporting and accounting function and to ensure the integrity of data in the bank’s core system.
- To provide holiday cover for the Chief Accountant and the Manager, Group Reporting and as and when required.
- Assist the Chief Accountant and CFO as and when required, including ad-hoc requests
Candidate Profile
The successful candidate will have the following:
The successful candidate will be a qualified accountant and have the following;
- At least four- or five-years’ experience in a similar role in financial services.
- Excellent excel, analytical and communication skills.
- Experience in preparation of financial accounts (including knowledge of FRS 102 and IFRS 9).
- Experience in corporation tax and VAT matters.
- Regulatory reporting experience and knowledge of FINREP.
- Ability to manage and motivate direct reports.
- Strong organisational and time management skills
- Respect and value the contributions of all members of the business, regardless of status or role in the organization.
If you feel you are a suitable candidate for this position please contact Jonathan Banjo