Senior Finance Manager Birmingham/ Hybrid – Can be Fully remoteHighly Competitive rates2 Month ContractOur client are currently seeking an experienced Senior Finance Manager to join their team in the Birmingham office/remote working, this contract will be for 2 months with a review to be extended. Role
Purpose
The Strategic Planning & Stress Testing team within UK are responsible for Strategic and Financial Planning and Forecasting, Management Reporting and Stress Testing with the Bank.
The team will be responsible for driving financial modelling of the financial resource plan, capital and stress testing analysis across UK, as well as produce management information of the entity’s financial performance.
The team will work in partnership with senior management across the UK and will be supporting commercial, capital, strategic decisions through insightful analysis.
The team will provide a clear and critical analysis of the FRP, forecasts, reporting and internal and external stress tests.
This specific role is focused on leading Stress Testing, and includes supporting the regulatory PRA exercises, Biennial Exploratory Scenario, Internal Stress Tests, Reverse Stress Tests and Climate Change.
Principal Accountabilities
Overall co-ordination of the Stress Testing team. Governance and processes to ensure the deliverables are met to time and of appropriate quality
Deliver timely, accurate and insightful analysis based on interpretation of results on stress test.
Generate deep dive strategic analysis to support decision making such as earning generation for dividends pay-outs, capital optimisation, identification of low performing asset to increase capital efficiency etc.
Preparing insightful analysis to communicate the results in a clear and impactful way to ensure that the right messages are provided to Senior Management (eg: Board/Committee Presentations and papers)
Participate/deliver and model regulatory Stress Testing, as well as ad hoc stress tests in a timely and insightful way.
Provide challenge to the business and risk on the outputs of stress testing by forming an independent opinion of the likely outputs, understanding the drivers of the outputs and analysing the data to perform sense checks of outputs.
To understand and articulate the impacts on Capital and Strategic Management Actions.
Typical KPIs and Targets
- Interpretation of the results give an insightful and clear analysis.
- Be able to create high level stories from low level data to explain the drivers of the stress outputs.
- Ensure that there is coherency across the results, eg revenue and ECL outputs, or CMB and WPB do not contradict each other.
Impact on the Business/Customer/Stakeholders
The role is key to support business leaders to make strategic and operational decisions that drive high performance across the Group.
No debate over the quality and content of the insight and analysis provided. Ensuring that there is a big picture story that aligns to the results.
Leadership & Teamwork
Work collaboratively with Stress testing and Planning and other Finance and Risk colleagues.
To have overall insight of the Stress Testing team, being pro-active and ensure that all the requirements of Stress testing governance and transformation are all met.
Effectively build collaborative relationships established within the team and across the wider Finance & Risk community.
Lead development of stress testing governance, drive efficiencies and improvements to process.
Operational Effectiveness & Control
Run processes in an auditable and transparent manner. Understand controls.
Manage and co-ordinate processes to stakeholders. Ensure processes work smoothly.
All analysis is produced is in line with a Robust control environment
Major Challenges
The role holder interprets stress testing information and outputs and performs detailed reviews prior to review by the Head of SP&ST
Major challenges include:
Interpret results of a complex matrices organisation with several businesses and entities
Leverage data and tools to drive better process underlying stress testing to deliver a more efficient and effective insights.
Peak periods of workload and demands, limited time to complete workload
High profile work that needs to withstand scrutiny and challenge from HBUK CFO and CRO
Role Context
Finance is a major function that protects the reputation of the Bank by effective accounting and control and provides timely and accurate financial information, forecasts and advice to senior stakeholders to support decision making. The function is responsible for external financial reporting to shareholders and analysts, regulatory reporting to regulators around the world, internal management reporting to senior executives, the design and implementation of Group accounting policies, the development and oversight of Finance Systems, and has involvement in Global Finance Change Programmes. The output of Group Finance is high-profile and is produced in a confidential environment to tight deadlines but requiring a high degree of accuracy and robust control in accordance with Sarbanes Oxley requirements.
The various finance teams consist of high calibre, technically strong individuals, working within a demanding environment.
Management of Risk
The jobholder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.
Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.
Observation of Internal Controls
The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by following all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators. The jobholder will implement the Group compliance policy by following all relevant processes/procedures.
Skills & Capabilities / Qualifications
Skills & Capabilities
- Ability to understand the outputs from stress testing, in order to ensure coherence across the stress test, to be able to review and challenge the outputs, and convey a coherent high level story to senior stakeholders.
- Ability to produce and present financial MI in an understandable manner
- To be able to co-ordinate and navigate through complex deliverable timelines, co-ordinate the work of many functions.
- To be able to challenge business, business finance and risk colleagues on their outputs.
- To be able to analyse and work with datasets and create and understand outputs when there may be multiple factors impacting them, (eg impact on losses of unemployment, GDP and house prices). To be able to understand and communicate the impacts on Capital
- Modelling skills would be useful to assist in the interpretation of data as above. Demonstrate expertise in developing financial analysis and MI would support applications.
- Exhibit expert ability to drive understanding of financial analysis through business/regional operating management.
- To be able to work and co-ordinate with the onshore and offshore team in India
- Risk or Finance background is likely to be helpful, due to key skills of interpreting and challenging data. Experience with the business is also welcome.
- The role is a challenging GCB4 role. The role is more senior that the other GCB4 roles in the team. We would expect applicants to be established GCB4s with a track record of strong or top performance.