At a Glance
- Tasks: Lead research on ROSCAs to enhance financial inclusion in Black and minoritised communities.
- Company: Join Communomics CIC, a mission-driven organisation empowering communities through financial tools.
- Benefits: Gain hands-on experience, network with policymakers, and contribute to meaningful social impact.
- Other info: This is an 18-month project focused on impactful research in London.
- Why this job: Be part of a project that bridges community finance with mainstream systems while preserving trust.
- Qualifications: Experience in financial inclusion research and strong engagement skills with marginalised communities required.
The predicted salary is between 36000 - 60000 £ per year.
Communomics CIC is seeking a skilled and motivated Lead Researcher to lead an 18-month research and development project focused on Rotating Savings and Credit Associations (ROSCAs) within Black and minoritised communities in London. This project aims to enhance understanding of ROSCAs’ role in financial inclusion and empower these communities through tailored solutions. The research findings will be instrumental in determining the best solution that improves savings practices, increases financial literacy, and facilitates access to credit. Additionally, the project will assess the potential for bridging ROSCAs with mainstream financial systems while addressing potential risks to their community trust and structure.
About Communomics CIC: Communomics CIC is a mission-driven organisation dedicated to empowering Black and minoritised communities by improving access to financial tools and fostering economic inclusion. Our current project focuses on Rotating Savings and Credit Associations (ROSCAs), a longstanding, trusted financial mechanism in these communities. This 18-month research and development initiative will explore ROSCAs’ operations, potential for formalisation, and their integration into mainstream financial systems while preserving their community-driven ethos.
Project Overview: The goal of this research is to understand the landscape, dynamics, and potential of ROSCAs within Black and minoritised communities in London. Specifically, it seeks to:
- Map and Analyse the ROSCA Ecosystem: Quantify ROSCA participation, identify demographics, and understand operational models.
- Investigate Formalisation Opportunities: Explore the risks and challenges of integrating ROSCAs into formal financial systems.
- Engage with Policymakers: Develop evidence-based recommendations for creating supportive frameworks for ROSCAs.
- Focus on Key Boroughs: Conduct in-depth research in specific London Boroughs with a higher demographic/representation of people from Black and Minoritised communities (For example Lambeth and Southwark).
This work will be foundational in determining and designing the best solution to enhance ROSCA operations, improve financial literacy, and connect ROSCA participants with mainstream financial services. However, the research will also critically assess whether formalisation risks undermining the trust and community focus that underpin ROSCAs’ success.
Research Objectives Scope of Work Overview of Support We Need Skill & Experience Required:
- Proven experience in financial inclusion research or related fields.
- Strong understanding of contributory savings models and community-based financial systems.
- Expertise in stakeholder engagement, particularly with marginalised communities.
- Ability to produce high-quality, data-driven reports with actionable recommendations.
- Experience working with Black and minoritised communities in London.
- Knowledge of regulatory frameworks for financial services in the UK.
- Familiarity with systemic change and advocacy strategies.
- Strong networks with funders, policymakers, and community organisations.
Lead Researcher in London employer: Communomics cic
Communomics CIC is an exceptional employer dedicated to empowering Black and minoritised communities through innovative financial solutions. With a strong focus on employee growth, we foster a collaborative work culture that values diversity and inclusivity, providing opportunities for meaningful contributions to impactful research. Located in London, our team enjoys the unique advantage of engaging directly with local communities, making a tangible difference in financial inclusion while developing professionally in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Researcher in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Communomics cic. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Communomics cic.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Communomics cic. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Lead Researcher in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Communomics cic and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show Communomics cic how you can be a team player!
How to prepare for a job interview at Communomics cic
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Communomics cic.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Communomics cic's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
