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- Tasks: Lead financial strategy and ensure accurate reporting for an international bank.
- Company: Join a prestigious international bank based in London, shaping its financial future.
- Benefits: Competitive salary, professional growth opportunities, and a dynamic work environment.
- Why this job: Make a significant impact on financial performance while collaborating with top executives.
- Qualifications: Proven experience in finance leadership roles, strong knowledge of IFRS standards required.
- Other info: This role reports directly to the CEO and Board Members, offering high visibility.
The predicted salary is between 72000 - 108000 £ per year.
Location
, United Kingdom, United Kingdom
Posted on
Feb 26, 2022
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We are inviting applications for the Chief Financial Officer position for an international bank based in London. Please note this is a SMF control function position reporting to the CEO and Board Members.
Responsibilities
- Accounts
- Responsible for generating authentic financial data of the bank.
- Ensure that the Bank’s accounts are maintained and reported in accordance with the accounting and reporting guidelines under IFRS–9.
- Manage financial controls and accounting procedures with suitable transfer pricing for segment reporting.
- Ensure full transparency over the financial performance of the company.
- Prepare guidance notes periodically on how to increase revenue and reduce costs by understanding market trends and competitor analysis.
- Effectively and clearly communicate potential financial risks in a timely manner.
- Present annual financial budgeting to ensure that annual financial objectives are clearly outlined and reviewed periodically.
- Oversight of the preparation and presentation of monthly and annual financial performance vs budget.
- Audit & Annual Accounts
- Proactive engagement with external and internal auditors and updating them on important matters as required.
- Work with Statutory Audit partner to ensure that the external audit and annual accounts sign–off is completed on time and to a high standard.
- Interact with parent bank as required for providing audited data for group consolidation in time.
- Vendor & Bill Payment
- Maintain all financial and commercial contracts for services rendered to the Bank by various vendors, ensure speed and accuracy in vendor payments, and ensure expenses are accounted for as per policy and monitored against budget allocation business-wise.
- Tax Matters
- Coordinate, produce, and file all tax documentation (Corporation Tax, VAT, etc.) as required and ensure tax compliance.
- Provide guidance to business and operations groups regarding TDS, WHT, and DTAA matters.
- Policies
- Ensure accounting policy is periodically updated as per accounting standards and provide guidance to business groups to understand its implications and ensure compliance.
- Coordinate preparation of ILAA and ICAAP documents of the Bank.
- Liquidity/Funding/Capital
- Oversight of the treasury functions with regard to liquidity management.
- Interact with external counterparties including rating agencies, providers of debt capital market funding including capital instruments; sell down/securitisation of loan book and Due Diligence work for the above. Monitor the capital position of the Bank.
- Regulatory Reporting
- Ensure all regulatory returns are submitted in time.
- Committee
- Participate and contribute in the executive committees of the Bank for delivery of Bank’s business objectives.
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Chief Financial Officer employer: CLevelCrossing
Contact Detail:
CLevelCrossing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Financial Officer
✨Tip Number 1
Make sure to familiarize yourself with the latest IFRS standards, especially IFRS-9, as this is crucial for the role. Understanding these guidelines will not only help you in discussions but also demonstrate your expertise during interviews.
✨Tip Number 2
Network with professionals in the banking and finance sector, particularly those who have experience in CFO roles. Engaging with them can provide insights into the expectations of the position and may even lead to referrals.
✨Tip Number 3
Stay updated on current market trends and competitor analysis in the banking industry. Being able to discuss these topics intelligently during your interview will show that you are proactive and well-informed.
✨Tip Number 4
Prepare to discuss your experience with financial controls and audit processes in detail. Highlight specific examples where you successfully managed audits or improved financial reporting, as this will be key to demonstrating your fit for the role.
We think you need these skills to ace Chief Financial Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Chief Financial Officer in an international bank. Familiarize yourself with IFRS–9 guidelines and the importance of financial transparency.
Tailor Your CV: Highlight your experience in financial management, accounting procedures, and regulatory reporting. Make sure to include specific examples of how you've successfully managed financial controls and improved revenue or reduced costs in previous roles.
Craft a Strong Cover Letter: In your cover letter, clearly articulate your understanding of the banking sector and your strategic vision for the role. Discuss your experience with audits, tax compliance, and vendor management, emphasizing your proactive approach.
Prepare for Interviews: Be ready to discuss your past experiences in detail, particularly those that relate to financial risk management and budgeting. Prepare to answer questions about market trends and competitor analysis, as well as your approach to leading financial teams.
How to prepare for a job interview at CLevelCrossing
✨Understand IFRS–9 Thoroughly
Make sure you have a solid grasp of IFRS–9 and how it applies to financial reporting. Be prepared to discuss how you would ensure compliance and maintain transparency in the bank's accounts.
✨Showcase Your Audit Experience
Highlight your experience with both internal and external audits. Be ready to explain how you've successfully managed audit processes in the past and how you would engage with auditors in this role.
✨Discuss Financial Risk Management
Prepare to talk about your approach to identifying and communicating financial risks. Provide examples of how you've effectively managed risks in previous positions, especially in a banking context.
✨Demonstrate Strategic Thinking
Be ready to present your ideas on increasing revenue and reducing costs. Discuss how you analyze market trends and competitor performance to inform strategic decisions that align with the bank's objectives.
