Head of Financial Oversight

This role provides, risk oversight for all risks across Group Corporate Treasury (GCT), Group Legal, Group Company Secretary, Investor Relations, Group Corporate Development and the Group Chief Economist.  This role carries an additional emphasis on financial and regulatory reporting and the risks and controls associated with these activities.  Interaction with and the preparation of reports to the Directors and Heads of functions and periodically with the GFD and CRO is also a responsibility of this role. 
 
ACCOUNTABILITIES
Plan and deliver oversight of the effective management of risks across Group Finance including compliance, the Group’s senior management assurance process and the delivery and execution of risk strategy.
Lead the review for testing the effectiveness of assurance methodologies, operational effectiveness and the management of issues in support of the DRO assurance to the GFD.
Support the effective management of the FSA relationship through FSA reviews, meetings and initiatives; monitor compliance with regulations.
Assess and understand the level of compliance by Group Finance to the Group’s policies and standards, ensuring procedures and methodologies are effectively implemented.
Review the effectiveness of the application of the Group’s Risk Management Framework (RMF) applied by line management across Group Finance.  Recommend improvements to the Finance DRO and Directors.
Regular oversight through participation in steering committees and other forum providing review and oversight of key project across Group Finance.
One-off intensive remediation of areas of acute concern or risk where imbedded oversight is required.
Contribute to the update of an effective central action tracking database to ensure all issues and actions are addressed timely and or escalated to the Directors and DRO. 
Review of the effective delivery of change initiatives across Group Finance.
Manage the planning and delivery of appropriate thematic oversight reviews of processes and procedures. Present recommendations for agreement. 
Contribute to the planning, delivery and ongoing development of an appropriate Group Finance risk report, for presentation to the GFD through the DRO reflecting the aggregate consolidated risks for Group Finance.
Execute ad hoc oversight projects as directed by the DRO and DFD
Undertake reviews and assessments of financial reporting across Group Finance business units.


KEY KNOWLEDGE/SKILLS

Presentation/Facilitation
Adept at using a variety of communication techniques and tools to make risks and issues apparent, develop consensus around difficult issues, to manage the agendas of meetings and forums and create reports and outputs that are clear and well received by their target audience. 

Analytical Skills
Has broad experience with the application of a wide range of analytical tools and techniques for the measurement and reporting of risks of all types.  Persons in this role must be especially aware of and experienced in the application of financial analysis especially for the control and risk management of financial information. 

Project Management
Understand the principles of good project management and brings these skills and experience to bear on the effective delivery of projects under direct management and those on which the role is participating as a team or steering committee member or advisor to help ensure strong project management across Group Finance. 

Environmental Awareness
Has a good understanding of the business environment in which the Group operates and of industry best practice and key developments in own business area. Has a good awareness of the likely impact of economic, political, social and regulatory change on the Group’s business, risk measures and overall aims, including relevant IT industry developments. Where appropriate has an understanding of competitor services and initiatives and how they may be turned to advantage.

Procedural/Product/Specialist Knowledge
Has a strong working knowledge of the operating environment of UK banks including the evolving regulatory environment for funding and liquidity and capital and strong knowledge and experience for asset-liability management and interest rate management; including the interpretation and application of best practices, and the ability to immediately recognise a range of options when matching these to business needs. Has strong knowledge of the financial products and resources managed by a Bank treasury operation and the risk and controls most commonly found in a group treasury operation of a large financial services company.  Awareness of the wider compliance requirements of treasury operations and group finance functions as a whole for a large, regulated financial services company. 


 

Job Code:

RS854785

Salary:

Circa £100k plus + Excellent Benefits

Employment Type:

Permanent

Location:

London

or call Rupert Scott on
01422 379 004 (4 lines)