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Finance Transformation Director

Employer
Financial Services
Location
UK
Salary
Competitive
Closing date
9 Aug 2021

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Sector
Accountancy
Contract Type
Permanent
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A large international bank based in London.

Description

Finance Transformation Director Principal duties:

  • Formalise the team structure and supporting governance model for the project
  • Work with project team members to develop and refine the existing high level plan and define specific deliverables
  • Provide insight based on prior experience to identify additional tasks, issues and risks
  • Drive progress against the plan to ensure completion of Finance deliverables to timelines required by the overall programme
  • Use process expertise and business analysis capability to define new 'to-be' processes and controls, identifying opportunities for process improvement and simplification
  • Document and obtain sign-off of to-be processes and controls in a 'hands-on' capacity
  • Act as a point of contact, representing Finance in dealings with internal and external stakeholders outside of the Finance function
  • Monitor the scope of work on an ongoing basis to ensure that new requirements are identified and incorporated into the project plan
  • Work with the Finance management team to define and document a future Finance organisation model
  • Define a cutover / migration plan covering the transition from the 'as-is' to the 'to-be' organisational model
  • Document requirements for additional MI to monitor the performance of the 'to-be' Finance organisation

Profile

Finance Transformation Director Skills and Experiences:
  • Line management experience within an investment banking Finance function
  • Prior experience of organisation redesign and process change within a larger programme
  • Deep understanding of Back Office Finance processes
  • Deep understanding of Middle Office (Product Control) processes / controls including P&L reporting, IPV and reconciliation
  • Deep understanding of accounting treatment for cash security, derivative, FX and Securities Financing Transaction trade types
  • Familiarity with front to back trade lifecycle
  • Awareness of different Transfer pricing methodologies, sufficient to engage with internal and external tax advisors
  • Awareness of current and future regulatory reporting requirements (may need to expand on this)
  • Understanding of the P&L of a typical investment bank
  • Understanding of the cost structure of a typical investment bank
  • Familiarity with the complexities of intercompany recharging
  • Ability to scope and manage work and demonstrate credibility when reporting to a senior audience
  • Strong business analysis skills
  • Strong verbal, written and presentations skills

Job Offer

£110-130K salary on a 12 month FTC.
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